Anemometer Market Growth Will Escalate Rapidly 2018-2026 by Global Top Players - Ammonit Measurement, FT Technologies, Gill Instruments, Lufft, Siemens

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 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.

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Market Dynamics

Growing demand for advanced instruments for air pressure, velocity and quality monitoring is fueling the growth for anemometers globally. Increasing air pollution levels have influenced various government bodies across the globe to impose stringent policies and regulations to control the same. Anemometers are widely used in conjunction with other air quality measuring devices, in turn witnessing rampant growth in adoption.

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.

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.

China is the leading market for anemometer in Asia Pacific, due to its China is the global wind power leader, adding 33 GW of new capacity, followed by Japan, South Korea, Taiwan and India respectively. The total wind power installed capacity in China was 168,732 MW, in 2016. According to BNEF, Asia-Pacific and China alone accounted for almost 47% of the total global investments in clean energy during 2016. The U.A.E, South Africa, Brazil and Argentina are the dominant markets for anemometer across Middle East, Africa, and Latin America.

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

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