The oil and gas industry continues to be a hotbed of innovation, with activity driven by the need for greater safety and productivity, and growing importance of technologies such as IoT, big data, and AI. In the last three years alone, there have been over 534,000 patents filed and granted in the oil & gas industry, according to GlobalData’s report on Internet of Things in Oil & Gas: Photovoltaic drones.

According to GlobalData’s Technology Foresights, which uses over 256,000 patents to analyse innovation intensity for the oil & gas industry, there are 40+ innovation areas that will shape the future.

Photovoltaic drones is a key innovation area in Internet of Things

Solar-powered drones have solar cells to store the sun’s energy during day for propulsion power and to perform onboard electronic operations. Solar energy is also used to charge the battery that helps drones to fly under clouds or at night.

GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 10+ companies, spanning technology vendors, established oil & gas companies, and up-and-coming start-ups engaged in the development and application of photovoltaic drones.

Key players in photovoltaic drones – a disruptive innovation in the oil & gas industry

‘Application diversity’ measures the number of different applications identified for each relevant patent and broadly splits companies into either ‘niche’ or ‘diversified’ innovators.

‘Geographic reach’ refers to the number of different countries each relevant patent is registered in and reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.

Leading patent filers for photovoltaic drones include Chugoku Electric Power, Korea Electric Power and Daicel . Photovoltaic drones are being deployed for a variety of applications in the oil and gas industry, including for inspection of offshore platforms, refining equipment, leak detection in pipelines, emergency response, and material handling.

Drones have a critical role to play across many industries, including in oil & gas. Drone-based imaging, sensing, and data transmission are revolutionising these industries. Photovoltaic drones will further augment this adoption and lead to newer use cases.

To further understand how Internet of Things is disrupting the oil & gas industry, access GlobalData’s latest thematic research report on Internet of Things in Oil & Gas (2021).

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.