Robots can play key roles in repairing our infrastructure
I was on the phone recently with a large multinational corporate investor discussing the applications for robotics in the energy market. He expressed his frustration about the lack of products to inspect and repair active oil and gas pipelines, citing too many catastrophic accidents. His point was further endorsed by a Huffington Post article that reported in a twenty-year period such tragedies have led to 534 deaths, more than 2,400 injuries, and more than $7.5 billion in damages. The study concluded that an incident occurs every 30 hours across America's vast transcontinental pipelines. The global market for pipeline inspection robots is estimated to exceed $2 billion in the next six years, more than tripling today's $600 million in sales.
Jul-1-2019, 03:32:35 GMT
- Country:
- Europe > United Kingdom > England (0.15)
- Genre:
- Research Report > New Finding (0.35)
- Technology:
- Information Technology > Artificial Intelligence > Robots (1.00)