Anemometer Market Cost Structure Analysis, Supply Chain and Forecast to 2025

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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In 2016, over 54 GW of clean renewable wind power was installed globally, which includes more than 90 countries, among them 9 has more than 10,000 MW of installed wind power, and 29 of which have passed the 1,000 MW level. Cumulative capacity raised by 12.6% to reach a total of 486.8 GW.

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.

In 2016, over 54 GW of clean renewable wind power was installed globally, which includes more than 90 countries, among them 9 has more than 10,000 MW of installed wind power, and 29 of which have passed the 1,000 MW level. Cumulative capacity raised by 12.6% to reach a total of 486.8 GW.

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.

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.

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. The Wind Energy Technologies Office (WETO) working to increase the performance and consistency of next-generation wind technologies while reducing the cost of wind energy. This research helped increase the average capacity factor from 22% for wind turbines installed before 1998 to an average of 33% now. Wind energy costs have reduced from over 55 cents/kilowatt-hour (kWh) in 1980 to an average of 2.35 cents in the U.S.

Detail Anemometer Market Segmentation:

Global Anemometer Market, By Product Type:
◦ Velocity Anemometer
▪ Vane Anemometers ,
▪ Hot-Wire Anemometers
▪ Cup Anemometers
▪ Laser Doppler Anemometers
▪ Ultrasonic Anemometers
▪ Others
◦ Pressure Anemometer
▪ plate anemometers
▪ tube anemometers
▪ Others

Global Anemometer Market, By Technology Type:
◦ LIDAR
◦ SODAR

Global Anemometer Market, By Application:
◦ Onshore
◦ Offshore

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