Global Energy Storage for Drones Market by Type (Batteries, Fuel Cell), By Application (Agriculture, Construction, Power And Water Utility, Real Estate, Journalism, Cinematography, Transportation, Energy Sector) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The global energy storage for drones market size is expected to surpass USD 3.8 billion by 2028. The demand for high-performance and cost-effective power solutions in the drone industry has been driving the growth of this market as battery replacement is not an easy task and other alternatives are expensive. This report provides an in-depth analysis of the global energy storage for drones market across four major segments such as type, application, region, and country.
The energy storage for drones can be done by using batteries and fuel cells. Batteries are used in low-power applications, whereas fuel cell technology is ideal for high power demands. On the basis of Type, the market is segmented as Batteries and Fuel Cells.
Battery-based Energy Storage Systems:
Battery-based Energy Storage Systems are used to store electrical energy in a device consisting of one or more electrochemical cells which can convert stored chemical energy into electric current when connected with an external circuit providing power for low voltage DC loads such as lighting or alarm systems. They have relatively good energy density but less efficient than fuel cell-based systems due to the short lifetime of the battery before it needs replacement. Fuel Cell type has a lower cost per kilowatt-hour (kWh) compared to batteries because they generate electricity from chemical reaction instead of electric current flow between two terminals like batteries.
The cost-effectiveness and availability have made lead-acid batteries a suitable choice over other battery types in drones that use Li-ion or NiMH technology because of their lower cost of ownership. Batteries have a higher market share than fuel cells. This is because batteries are more conventional and less expensive to manufacture, which makes them the preferred option for toy drones or other low-cost models of quadcopters that need lightweight solutions with high energy density (longer flight time).
Fuel Cells based Energy Storage for drones:
Since the first use of fuel cell in a manned rocket by NASA in 1967, it has been widely used on space missions and submarines. The advantages are that they have higher energy density than batteries but lower power density because they generate electricity from chemical reaction instead of electric current flow between two terminals like batteries.
One disadvantage is when hydrogen needs to be stored at high pressure or under cryogenic conditions as otherwise, the system is not efficient enough to produce electrical power. Hydrogen can also be obtained with water through electrolysis but this process requires an external source of electricity which increases the cost significantly. There are many new types being developed such as Proton Exchange Membrane type (PEM) cells for mobile phones, polymer type. Fuel Cell has a lower market size as compared to battery storage but it could be promising in the future due to its superior ability to store power without any moving parts; this renders them immune from most shock damage while also being safer and cheaper than lithium-ion batteries. The main drawback, however, is their relative weight (~250 times heavier) and limited lifespan (roughly five years), coupled with an increase in price per kilowatt-hour as they age.
On the basis of Application, the market is segmented into Agriculture, Construction, Power and Water Utility, Real Estate, Journalism etc.
Drones have many advantages over manned aircrafts such as: being lightweight, flexible on budget costs, time-saving (less red tape), easier to fly than helicopters, etc. As drone technology is continuously developing, it can now be equipped with batteries that power the propellers so that they can stay airborne longer without having to land frequently. This has led to an increase in their adoption rate within this sector and will likely continue doing so going forward. As powerful lithium-ion batteries lose about 20% of their capacity every year if left unused for a long period of time, battery swapping systems are being developed to maintain the maximum amount of flight time. Another more efficient solution is proposed by Stem Inc., a company that provides off-grid power solutions and energy storage for remote areas in Africa. It will be installing solar panels with enough energy capacity so as to store up electricity during the day which could then be used at night when there’s no sunlight available.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In 2018, the highest revenue was generated in North America due to the presence of established players such as Intel Corporation (U.S.), General Electric Company (U.S.), and Lockheed Martin Corporation (U.S.). A large number of companies are also present in this region which has been actively pursuing R&D initiatives for developing energy storage solutions together with technological advancements that will ultimately help them develop innovative products. In Asia Pacific countries like India is witnessing a rapid growth rate since there’s increasing demand from industries such as agriculture and transportation sectors where drones can be used to deliver goods or provide aerial imagery during disasters respectively.
Up Market Research published a new report titled “Energy Storage for Drones Market research report which is segmented by Types (Batteries, Fuel Cell), By Applications (Agriculture, Construction, Power And Water Utility, Real Estate, Journalism, Cinematography, Transportation, Energy Sector), By Players/Companies Amperex Technology, Ballard Power Systems, DJI, Highpower International, Kokam, Grepow, H3 Dynamics, Intelligent Energy, Lumenier, MicroMultiCopter Aero Technology”.
Report Scope
Report Attributes | Report Details |
Report Title | Energy Storage for Drones Market Research Report |
By Type | Batteries, Fuel Cell |
By Application | Agriculture, Construction, Power And Water Utility, Real Estate, Journalism, Cinematography, Transportation, Energy Sector |
By Companies | Amperex Technology, Ballard Power Systems, DJI, Highpower International, Kokam, Grepow, H3 Dynamics, Intelligent Energy, Lumenier, MicroMultiCopter Aero Technology |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 225 |
Number of Tables & Figures | 158 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Energy Storage for Drones Market Report Segments:
The market is segmented by Type Batteries, Fuel Cell and By Application Agriculture, Construction, Power And Water Utility, Real Estate, Journalism, Cinematography, Transportation, Energy Sector.
Some of the companies that are profiled in this report are:
- Amperex Technology
- Ballard Power Systems
- DJI
- Highpower International
- Kokam
- Grepow
- H3 Dynamics
- Intelligent Energy
- Lumenier
- MicroMultiCopter Aero Technology
Energy Storage for Drones Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Energy Storage for Drones Market
Overview of the regional outlook of the Energy Storage for Drones Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Energy Storage for Drones Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Energy Storage for Drones Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Batteries
2. Fuel Cell
7. By Application:1. Agriculture
2. Construction
3. Power And Water Utility
4. Real Estate
5. Journalism
6. Cinematography
7. Transportation
8. Energy Sector
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Energy Storage for Drones Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Energy Storage for Drones Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Energy Storage for Drones Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Energy Storage for Drones Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Energy Storage for Drones Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Energy Storage for Drones Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Energy Storage for Drones Market Size & Forecast, 2018-2028
4.5.1 Energy Storage for Drones Market Size and Y-o-Y Growth
4.5.2 Energy Storage for Drones Market Absolute $ Opportunity
Chapter 5 Global Energy Storage for Drones Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Energy Storage for Drones Market Size Forecast by Type
5.2.1 Batteries
5.2.2 Fuel Cell
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Energy Storage for Drones Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Energy Storage for Drones Market Size Forecast by Applications
6.2.1 Agriculture
6.2.2 Construction
6.2.3 Power And Water Utility
6.2.4 Real Estate
6.2.5 Journalism
6.2.6 Cinematography
6.2.7 Transportation
6.2.8 Energy Sector
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Energy Storage for Drones Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Energy Storage for Drones Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Energy Storage for Drones Analysis and Forecast
9.1 Introduction
9.2 North America Energy Storage for Drones Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Energy Storage for Drones Market Size Forecast by Type
9.6.1 Batteries
9.6.2 Fuel Cell
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Energy Storage for Drones Market Size Forecast by Applications
9.10.1 Agriculture
9.10.2 Construction
9.10.3 Power And Water Utility
9.10.4 Real Estate
9.10.5 Journalism
9.10.6 Cinematography
9.10.7 Transportation
9.10.8 Energy Sector
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Energy Storage for Drones Analysis and Forecast
10.1 Introduction
10.2 Europe Energy Storage for Drones Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Energy Storage for Drones Market Size Forecast by Type
10.6.1 Batteries
10.6.2 Fuel Cell
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Energy Storage for Drones Market Size Forecast by Applications
10.10.1 Agriculture
10.10.2 Construction
10.10.3 Power And Water Utility
10.10.4 Real Estate
10.10.5 Journalism
10.10.6 Cinematography
10.10.7 Transportation
10.10.8 Energy Sector
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Energy Storage for Drones Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Energy Storage for Drones Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Energy Storage for Drones Market Size Forecast by Type
11.6.1 Batteries
11.6.2 Fuel Cell
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Energy Storage for Drones Market Size Forecast by Applications
11.10.1 Agriculture
11.10.2 Construction
11.10.3 Power And Water Utility
11.10.4 Real Estate
11.10.5 Journalism
11.10.6 Cinematography
11.10.7 Transportation
11.10.8 Energy Sector
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Energy Storage for Drones Analysis and Forecast
12.1 Introduction
12.2 Latin America Energy Storage for Drones Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Energy Storage for Drones Market Size Forecast by Type
12.6.1 Batteries
12.6.2 Fuel Cell
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Energy Storage for Drones Market Size Forecast by Applications
12.10.1 Agriculture
12.10.2 Construction
12.10.3 Power And Water Utility
12.10.4 Real Estate
12.10.5 Journalism
12.10.6 Cinematography
12.10.7 Transportation
12.10.8 Energy Sector
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Energy Storage for Drones Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Energy Storage for Drones Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Energy Storage for Drones Market Size Forecast by Type
13.6.1 Batteries
13.6.2 Fuel Cell
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Energy Storage for Drones Market Size Forecast by Applications
13.10.1 Agriculture
13.10.2 Construction
13.10.3 Power And Water Utility
13.10.4 Real Estate
13.10.5 Journalism
13.10.6 Cinematography
13.10.7 Transportation
13.10.8 Energy Sector
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Energy Storage for Drones Market: Competitive Dashboard
14.2 Global Energy Storage for Drones Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amperex Technology
14.3.2 Ballard Power Systems
14.3.3 DJI
14.3.4 Highpower International
14.3.5 Kokam
14.3.6 Grepow
14.3.7 H3 Dynamics
14.3.8 Intelligent Energy
14.3.9 Lumenier
14.3.10 MicroMultiCopter Aero Technology