Anemometer Market: Growing Demand For Advanced Instruments For Air Pressure, Velocity And Quality Monitoring Boosting Industry

The global anemometer market is expected to reach at US$ 358.13 million in 2017 and is expected to witness a CAGR of 5.79% from 2017 to 2025. The anemometer market is mainly driven by increased consumption of wind energy and supportive regulatory policies for wind energy projects. Anemometer is a device comprising wind direction and wind speed sensors, mainly used for wind speed measurement. These instruments help detect changes in physical property and velocity of air. The global anemometer market is projected to reach US$ 561.85 million by 2025, exhibiting a CAGR of 5.79% over the forecast period. The anemometer market is mainly driven by increasing consumption of wind energy and supportive regulatory policies for wind energy projects.

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Moreover, increasing demand for advanced instruments for air pressure, velocity and quality monitoring is fueling the growth for anemometers globally. Tracking weather conditions, air pollution and air pressure are some major applications of anemometer that are driving the growth of the market globally. The air pollution is increasing globally that is increasing the use of air quality monitoring equipment to restrict any kind of airborne disease. For that reason many Government organizations are concentrating on air quality monitoring products that is further boosting the anemometer market growth.
The increasing number of wind energy generation projects in the pipeline during the forecast period would drive growth of the global anemometers market. According to the American Wind Energy Association in U.S. current pipeline of wind energy projects under construction or in advanced development as of the end of the third quarter reached 29,634 MW, a 27% year-over-year growth and on track to provide 10% of the electricity demands in the U.S. by 2020, alongside US$ 85 billion in economic activity.

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Key features of the study:
• This report provides an in-depth analysis of anemometer market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
• It profiles leading players in the global anemometer market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
• Key companies covered as a part of this study include Ammonit Measurement, FT Technologies, Gill Instruments, Lufft, Siemens and others.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion and marketing tactics
• The global anemometer market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the anemometer market.
North America accounted for largest market share in anemometer market, in 2016, followed by Europe and Asia Pacific respectively. According to GWEC, total wind power installed capacity in North America was 97,611 MW, in 2016. The U.S. is the leading market for anemometer in North America, accounting for 82,184 MW wind power installed in 2016, followed by Canada and Mexico respectively.

The US is the second largest market in terms of total installed capacity after China. At the end of 2016, American wind installations capacity totaled over 82 GW, which was enough to power 24 million American households. In Canada 702 MW of new wind capacity came online, making it the tenth largest annual market. Between 2012 and 2016, Canada’s installed wind energy capacity has grown by an average of 18 percent annually.

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