Anemometer Market Analysis and Growth by Major Manufactures: Ammonit Measurement, FT Technologies, Gill Instruments, Lufft, Siemens and others

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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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 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.

High capital investment and design complexities are some of the major restraints for the anemometer market. Growing use of anemometer in various industries such as mining and construction is a major opportunity for the global anemometer market. Concerted R&D efforts by industry players are focused on developing rotor blades longer than 650 feet for a 50 MW offshore wind turbine, which is 2.5X longer and is capable to generate over 6X more output than the largest blades and turbines are now in operation.

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.

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Key companies covered as a part of this study include Ammonit Measurement, FT Technologies, Gill Instruments, Lufft, Siemens and others.
Detail Anemometer Market Segmentation:

• Global Anemometer Market, By Product Type:

o Velocity Anemometer

 Vane Anemometers ,
 Hot-Wire Anemometers
 Cup Anemometers
 Laser Doppler Anemometers
 Ultrasonic Anemometers
 Others

o Pressure Anemometer

 plate anemometers
 tube anemometers
 Others

• Global Anemometer Market, By Technology Type:

o LIDAR
o SODAR

• Global Anemometer Market, By Application:

o Onshore
o Offshore

• Global Anemometer Market, By End-Use Industry:

o Agriculture
o Aviation
o Oil & Gas
o Marine
o Transport & Logistics
o Renewables
o Others

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This release was published on openPR.