Weather Forecasting Systems Market by Vertical (Agriculture, Aviation, Transportation & Logistics, Oil & Gas, Marine, Renewable Energy, Meteorology, Weather Service Providers), Application, Solution, Forecast Type and Region – Forecast to 2026

2022-01-10
Price :
Published : Jan-2022
No. of Pages : 248

“Increasing adoption of renewable energy sources driving the demand for weather forecasting systems are to drive the weather Forecasting Systems market”

The Weather Forecasting Systems Market is projected to grow from USD 2.7 billion in 2021 to USD 3.5 billion by 2026, at a CAGR of 5.1% in terms of value during the forecasted period. The market exhibits lucrative growth potential during the forecast period primarily due to the increasing demand for weather monitoring systems by end-user industries to align their business activities as per the changes in prevalent weather conditions. The market is also driven by the enhanced need for weather monitoring to support disaster management at a local, regional, and global level.

The Weather Forecasting Systems Market is dominated by a handful of established players, mainly due to the high technical expertise required to design the necessary equipment that are integrated into weather stations. The key players in the market include The Weather Company, Vaisala Oyj, DTN, AccuWeather Inc., and StormGeo. These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The COVID-19 pandemic has deleteriously impacted the Weather Forecasting systems market.The short-term outlook for the Weather Forecasting systems market is ultimately dependent on the quick response of the governments to contain the COVID-19 outbreak, the effectiveness of their efforts, and the lingering impact of the ongoing pandemic on the global economic activity.

Based on application, the weather satellites segment is estimated to account for the largest market share from 2021 to 2026.

Based on application, the weather satellites segment is estimated to lead the Weather Forecasting systems market from 2021 to 2026 and is projected to grow further due to the increasing need for earth monitoring and weather observing systems to measure, monitor, and provide valuable inputs on several climatic parameters.

Based on forecast type, the short-range segment is projected to grow at the highest CAGR during the forecast period.

Short-term Weather Forecasting method provides information on the upcoming weather where the projection time ranges from few hours to 48 hours or in some cases up to 72 hours.A short-range forecast is based on weather charts, maps, satellite images, weather balloons and ground-based information. The information provided is not only used for weather prediction, but it also serves in other applications like aviation, ship routing, etc. Hence, the increasing demand for weather forecasts by fisheries and transportation sectors is anticipated to drive the growth of the short-range segment of the Weather Forecasting systems market from 2021 to 2026.

Based on vertical, the others segment is estimated to exhibit the fastest growth in the Weather Forecasting systems market from 2021 to 2026

Based on vertical, the others segment is expected to witness the fastest growth during the forecast period. 2021 to 2026. The requirement of Weather Forecasting systems in media and telecommunications, sports complexes, and other private enterprises are driving the growth of Weather Forecasting systems market.

The Asia Pacific market estimated to lead the Weather Forecasting Systems market in the forecast period

Based on region, Asia Pacific is expected to lead the Weather Forecasting systems market from 2021 to 2026. The growth of the Asia Pacific Weather Forecasting Systems market is primarily driven by increasing focus on increasing investments in Weather Forecasting Systems technologies by countries in this region Besides, the regional economies have undertaken several projects related to sustainable and renewable energy generation to protect the environment and avoid energy crises in the future. Since most renewable energy sources are vulnerable to weather fluctuations, the need to maximize energy output necessitates the adoption of sophisticated weather monitoring and forecasting systems to ensure optimal output, thereby driving the Weather Forecasting systems market in the region.

The break-up of the profiles of primary participants in the Weather Forecasting systems market is as follows:

  • By Company Type: Tier 1 – 35%; Tier 2 – 45%; and Tier 3 – 20%
  • By Designation: C Level Executives – 35%; Directors – 25%; and Others 40%
  • By Region: North America – 30%; Europe – 20%; Asia Pacific – 25%, Middle East & Africa – 15%, Latin America – 10%

Major players in the Weather Forecasting Systems market are The Weather Company (US), Vaisala OYJ (Finland), AccuWeather Inc. (US), StormGeo (Norway), Sutron Corporation (US), Campbell Scientific (US), Airmar Technology Corporation (US), All Weather, Inc. (US), G. Lufft Mess-und Regeltechnik (Germany), and Skye Instruments (UK).

Research Coverage

This market study covers the Weather Forecasting Systems market across various segments and sub segments. It aims at estimating the size and growth potential of this market across different segments based on vertical, application, solution, forecast type and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

Reasons to Buy this Report

This report is expected to help market leaders/new entrants by providing them the closest approximations of the revenue numbers for the overall Weather Forecasting Systems market and its segments. This study is also expected to provide region-wise information about the applications wherein Weather Forecasting Systems solutions are used. It also aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the Weather Forecasting Systems market.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on Weather Forecasting Systems products/ solutions offered by the top players in the market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the Weather Forecasting Systems market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the Weather Forecasting Systems market across varied regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Weather Forecasting Systems market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the Weather Forecasting Systems market
Filed in: Environment
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Flue Gas Desulfurization System Market by Type (Wet, Dry & Semi-Dry), End-Use Industry (Power Generation, Chemical, Iron & Steel, Cement Manufacturing), Installation (Greenfield and Brownfield) and Region – Global Forecast to 2026

“The FGD systems market is projected to grow at a CAGR of 5.2% from 2021 to 2026, in terms of value.” The FGD systems market is projected to grow from USD 19.3 billion in 2021 to USD 24.9 billion by 2026, at a CAGR of 5.2% from 2021 to 2026. The FGD systems market has shown a positive growth trend over the last few years and is primarily driven by various factors such as stringent air pollution control regulations, rising environmental awareness, and consideration of coal as the most reliable source of energy. However, high initial installation costs, high operational energy requirements, and waste disposing requirements and associated costs are some of the factors that are restraining the growth of this market. “The dry & semi-dry FGD system segment is projected to grow a......
$4950

Residential Air Purifiers Market by Technology (High Efficiency Particulate Air (HEPA), Electrostatic Precipitators, Activated Carbon, Ultraviolet), Type (Portable Air Purifiers, In-duct Air Purifiers), COVID-19 Impact – Global Forecast to 2026

The residential air purifiers market is expected to grow at a CAGR of 8.1% in the forecast period. The global residential air purifiers market is expected to reach USD 14.1 billion in 2026 from USD 9.6 billion in 2021, at a CAGR of 8.1% during the forecast period. The residential air purifiers are the most effective devices to improve indoor air quality and to reduce or remove the sources of pollutants and to ventilate with clean air. They offer the advantages of higher efficacy, usability, and improved air quality for healthy breathing. Currently, with the surge in COVID-19 cases, there is an increased focus on personal health, coupled with the need to reduce the spread of infection. This is further expected to drive the market growth during the forecast period. However, the technical ......
$5650

Wastewater Treatment Services Market by Service Type (Designing & Engineering Consulting, Building & Installation Services), End-User (Municipal and Industrial), Industrial End-User (Chemical & Pharma, Oil & Gas) and Region – Global Forecast to 2026

The wastewater treatment services market is projected to reach USD 71.6 billion by 2026, at a CAGR of 6.2 % from USD 53.0 billion in 2021. Growing population, expanding manufacturing industry, urbanization, and regulatory requirements are the major drivers of the wastewater treatment services market. Initiatives by manufacturing industries and state bodies for low waste generation and growing awareness about new water treatment technologies are some of the factors which are likely to boost the wastewater treatment services market. “Increasing environmental regulations” Nations have enforced strict norms against polluting the naturally occurring water bodies and illegal discharge of wastewater. In countries such as China, which were severely impacted by air pollution, special laws......
$5650

Environmental Technology Market by Component (Solutions, Services), Technological Solutions (Waste Valorization, Greentech, Nuclear Energy, Bioremediation), Application, Vertical (Municipal, Industrial), and Region – Global Forecast to 2026

The environmental technology market is estimated at USD 552.1 billion in 2021 and is projected to reach USD 690.3 billion by 2026, at a CAGR of 4.6% from 2021 to 2026. The environmental technology market is on course for intense growth across different verticals such as power, energy & utilities, manufacturing, retail & consumer goods, construction & building materials, government & defense, oil & gas, and others. Environmental technology includes the application of environmental sciences for the development of new technologies to monitor, conserve, or reduce environmental impacts. These technologies help prevent or mitigate pollution; manage or reduce waste streams; remediate contaminated sites; design, develop & operate environmental infrastructure; and deliver......
$5650

Environmental Remediation Market with COVID-19 Impact Analysis by environmental medium(soil & groundwater), Technology (Bioremediation, Pump & Treat, Soil Vapor Extraction, Chemical Treatment), Site Type, Application, and Region – Global Forecast to 2026

“High adoption for environmental protection services is driving the environmental remediation market” The overall environmental remediation market is expected to grow from USD 104.6 billion in 2021 to USD 158.8 billion by 2026; it is expected to grow at a CAGR of 8.7% during 2021–2026. Key factors fueling this market's growth include increasing government initiatives for environmental protection; growing focus on development of environment-friendly industries; and rapid population growth and industrialization in developing countries. Development of advanced remediation technologies and continuous expansion of oil & gas industry create a strong demand for environmental remediation for efficient industrial operations in the midst of COVID-19. “Oil & gas application to w......
$4950

Residential Air Purifiers Market by Technology (HEPA Filter, Electrostatic Precipitators, Activated Carbon, Ultraviolet, Ionizers, Ozone Generators), Type (Portable, In-duct) – Global Forecast to 2025

The residential air purifiers market is expected to grow at a CAGR of 8.2 % in the forecast period. The residential air purifiers market is projected to reach USD 13.6 billion by 2025 from USD 9.2 billion in 2020, at a CAGR of 8.2%. The Residential air purifiers are the most effective devices to improve indoor air quality and to reduce or remove the sources of pollutants and to ventilate with clean air. These are designed to filter the air in a single room or area and reduce indoor air pollution. They offer the advantages of higher efficacy, usability, and improved air quality for healthy breathing. Over the years, residential air purifiers have gained importance among homes and residential buildings with the inclination towards quicker, safer, simpler, and high-end air purifiers, encou......
$5650

Environmental Testing Market by Sample (Wastewater/Effluents, Soil, Water, Air), Technology (Rapid, Conventional),Target Tested (Microbial Contamination, Organic Compounds, Heavy Metals, Residues, Solids), End User, and Region – Global Forecast to 2025

“The environmental testing market is projected to grow at a CAGR of 7.9% during the forecast period.” According to MarketsandMarkets, the global environmental testing market is estimated to be valued at USD 8.3 billion in 2020 and projected to reach USD 12.1 billion by 2025, recording a CAGR 7.9%. Factors such as the growing of environmental concern among consumers and impositions of laws regarding environmental concerns are going to be the driving factor for the environmental testing market. Especially post-COVID, the concern for safety and hygiene of products has been increased among both the consumers and manufacturers, which is creating a rise in the demand for environmental testing in the market. “By technology, the rapid technology is projected to grow at the highest CAGR......
$4950

Metal Recycling Market by Metal (ferrous and non-ferrous), Scrap Type (Old Scrap and New Scrap), End-use Sector (Construction, Automotive, Shipbuilding, Equipment manufacturing, Consumer appliances), Equipment, and Regions- Global Forecast to 2025

“In terms of value and volume, the ferrous segment is projected to lead the metal recycling market from 2020 to 2025.” Based on type, the ferrous segment is projected to be a faster-growing market during the forecast period. Iron and steel scraps are some of the most widely recycled ferrous metals in the world. This scrap comes from end-of-life products and scrap generated through manufacturing processes. The use of scrap in steel production has formed an integral part of the steelmaking industry. According to the Bureau of International Recycling, 40% of steel production is made from scraps. “In terms of value and volume, the building & construction segment of the metal recycling market is projected to grow at the highest CAGR during the forecast period.” The building......
$5650

Medical Waste Management Market by Service (Collection, Treatment, Disposal, Incineration, Recycling), Type of Waste ( (Non-Hazardous, Infectious, Pharmaceuticals), Treatment Site (Offsite, Onsite), Waste Generator (Hospitals) – Global Forecast to 2025

“The global medical waste management market size is projected to register a CAGR of 5.6% during the forecast period” The global medical waste management market size is projected to reach USD 9.0 billion by 2025 from USD 6.8 billion in 2020, at a CAGR of 5.6%. The increasing volume of healthcare waste and the growing geriatric and obese populations are the major factors driving the growth of the global medical waste management market. However, hospitals, healthcare institutes, and pharmaceutical companies have to make significant investments for the collection and processing of waste in an appropriate manner so as to reduce environmental pollution. This, coupled with the low awareness in developing countries, is expected to affect the growth of this market during the forecast period.......
$5650

Global market for Thin Film Batteries 2018

The report “Global Markets and Technologies for Thin-Film Batteries″ by BCC Research is now available at RnRMarketResearch.com. Contact [email protected] with Global Markets and Technologies for Thin-Film Batteries in subject line and your contact details to purchase this report or get your questions answered. This report provides: An overview of the global market for thin film batteries, which are fabricated using thin film technologies such as sputtering, pulsed laser deposition, CVD, and sol-gel deposition Analyses of global market trends with data from 2011 and 2012, and projections of compound annual growth rates (CAGRs) through 2018 Discussion of thin film batteries as energy supply components for very thin portable electronics (e.g., cell phones, new-generat......
$
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy