Global Weather Monitoring Solutions And Services Market Size 2024, Forecast To 2033
6 Mar, 2024
The weather monitoring solutions and services market has demonstrated strong growth, increasing from $1.47 billion in 2023 to $1.6 billion in 2024, indicating a compound annual growth rate (CAGR) of 8.3%. The growth in the historical period is attributed to factors such as natural disaster preparedness, demands from the agricultural sector, safety considerations in aviation and transportation, requirements within the energy industry, and research and scientific exploration. As we project to 2028, the market is expected to sustain strong growth, reaching $2.14 billion with a CAGR of 7.6%. This anticipated growth is linked to climate change mitigation, the adoption of precision agriculture, smart city initiatives, the integration of renewable energy, and the increased frequency of extreme weather events. Prominent trends in this forecasted period include a focus on renewable energy integration, advancements in weather visualization, the development of customized industry-specific solutions, and continuous improvement in data quality.
Global Weather Monitoring Solutions And Services Market Key Driver
The growth of the weather monitoring solutions and services market is expected to be propelled by an increased number of natural disaster incidents. Natural disasters, resulting from Earth's natural processes, cause severe damage to the environment and human lives. Scientists use various tools to gather weather-related information and monitor natural disasters, employing the Gutenberg-Richter diagram for forecasting. According to ReliefWeb in March 2023, the Emergency Event Database (EM-DAT) recorded 387 natural disasters and hazards worldwide in 2022, affecting 185 million people and causing 30,704 fatalities. The projected economic damages were estimated at $2233.8 billion. Consequently, the increased occurrence of natural disaster incidents drives the growth of the weather monitoring solutions and services market.
Get A Free Sample Of The Global Weather Monitoring Solutions And Services Market ReportGlobal Weather Monitoring Solutions And Services Market Segments
The weather monitoring solutions and services market covered in this report is segmented –
1) By Type: Solution, Hardware, Software, Data Services
2) By Instruments: Thermometer, Barometer, Anemometer, Pyranometer
3) By Deployment: On-Premise, Cloud
4) By Application: Agriculture, Meteorology, Renewable Energy, Transport And Logistics, Government, Other Applications
By Geography:The regions covered in the weather monitoring solutions and services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Asia-Pacific was the largest region in the weather monitoring solution and services market in 2023. The regions covered in the weather monitoring solutions and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Weather Monitoring Solutions And Services Industry Players
Vaisala Oyj, Campbell Scientific Inc., Met One Instruments Inc., International Business Machines Corporation, Earth Networks, AccuWeather Inc., AnythingWeather Communications Inc., Intermountain Environmental Inc., Baron Weather, Climatronics, Columbia Weather Systems Inc., Nvis Technologies Pvt. Ltd., Sutron Corporation, RTX Corporation, Morcom International Inc., Gill Instruments Limited, Hoskin Scientific Limited, Davis Instruments, Meteomatics AG, Airmar Technology Corporation, RainWise Inc., Sigma Space Corporation, Aanderaa Data Instruments AS, Vanguard Instruments Company, WeatherFlow Inc., G. Lufft Mess- und Regeltechnik GmbH, Vieux & Associates Inc., GRAW Radiosondes GmbH, R. M. Young Company, Weather Telematics Inc., AerisWeather, SkyBitz Inc., Ventiq Corporation
Get The Full Global Weather Monitoring Solutions And Services Market Report
Weather Monitoring Solutions And Services Market Overview
Weather monitoring solutions and services refer to the process of establishing regular or ongoing monitoring or analysis of the atmosphere's and climate's state, taking into account elements like temperature, moisture, wind speed, and barometric pressure. It reports on changes in humidity, temperature, and CO levels in the specific area where the embedded monitoring device is located.
Weather Monitoring Solutions And Services Global Market Report 2023 provides data on the global weather monitoring solutions and services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The weather monitoring solutions and services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.