Growing Industry of Weather Forecasting Services Market is Expected to Rise Massive USD Value till 2025 |Analysis by Top Key Vendors – Stormgeo, Bmt Group Ltd, Fugro, Enav S.P.A, Meteosim Sl

Global Weather Forecasting Services Market overview:

The growing demand for Weather Forecasting Services has provided a major boost to the Global Weather Forecasting Services Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.

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With the slowdown in world economic growth, the Weather Forecasting Servicesindustry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Weather Forecasting Services market size to maintain the average annual growth rate of 4.43%from 950 million $ in 2014to(2020 Market size XXXX) million $ in 2020, Market analysts believe that in the next few years, Weather Forecasting Services market size will be further expanded, we expect that by 2024, The market size of the Weather Forecasting Services will reach(2024 Market size XXXX)million $. This can be attributed to rapid industrialization, growth in transportation (aviation and shipping), constant measures being taken up to reduce emissions of greenhouse gases, and increase in the production of clean energy (renewable energy).

In this report, the weather forecasting services market has been categorized into three key segments, namely, industry, purpose, and forecast type. The report offers revenue forecasts and analyzes industry trends that are predominant in this market. On the basis of industry, the market has been classified into renewable energy, shipping, aviation, oil & gas, media, agriculture, insurance, retail, utilities, and others. The renewable energy segment is expected to grow at a highest CAGR from 2016 to 2021. In 2016, the renewable energy segment is estimated to account for the largest share of the market, owing to importance of renewable energy segment in determining the demand and supply of energy commodities.

The global Weather Forecasting Services Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.

Based on Product Type, the market is divided into:

1 Short Range Forecasting

2 Medium Range Forecasting

3 Long Range Forecasting

On the basis of End Use Industry, the market is split into:

1 Renewable Energy

2 Shipping, Aviation

3 Media

4 Oil & Gas

Objectives of the Study

To describe and forecast the global Weather Forecasting Services Market on the basis of Product Type, industry verticals, Channel and regions.

To forecast the Weather Forecasting Services Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.

To provide detailed information regarding the major factors influencing the growth of the Weather Forecasting Services Market (drivers, restraints, opportunities, and challenges).

To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.

To strategically profile key players and comprehensively analyze their core competencies and positioning.

To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Weather Forecasting Services Market.

 

Some of the Weather Forecasting Services Market manufacturers involved in the market are Stormgeo, Bmt Group Ltd, Fugro, Enav S.P.A, Meteosim Sl, Meteo-Logic, Skymet Weather Services Pvt. Ltd, Skyview Systems Ltd, Global Weather Corporation, Met Office, Meteogroup, Precision Weather, The Weather Company, Meteoblue, Accuweather, Inc., Acquisitions and effective mergers are some of the strategies adopted by the Weather Forecasting Services Market manufacturers. New product launches and continuous technological innovations are the Weather Forecasting Services Market strategies adopted by the major players.

Latest Industry Updates:

StormGeo, a leading global provider of advanced weather intelligence and decision support services, is expanding its support of hospitals, health agencies and local governments fighting the COVID-19 pandemic from Houston to the entire state of Texas. To protect healthcare workers and first responders, the company will provide free severe weather monitoring and alerts to hospitals and agencies with temporary and mobile structures built to test and treat COVID-19.

StormGeo’s specialized COVID-19 Temporary Testing Site support includes access to the StormGeo Vortex portal and alerts sent via email. For all temporary locations monitored, the service provides color-coded risk threat levels, lightning alerts, wind speed alerts, and customizable tabular forecasts. Tabular forecasts show temperature and heat indexes over multiple hours and days, sending an alert when there is a risk that temperatures will exceed customizable parameters.

Temporary structures are more sensitive to minor weather events, which have lower alert thresholds. Wind, lightning and thunderstorm events can pose an even greater threat to life and equipment when utilizing these structures. As the U.S. moves deeper into spring and summer, high temperatures will continue to affect workers and volunteers wearing personal protective equipment (PPE). StormGeo currently monitors approximately 100,000 locations across the U.S. daily in a wide range of industries, including healthcare and local government, and understands the unique challenges and safety concerns posed by temporary structures.

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Asia Pacific was a prominent market for Weather Forecasting Servicess in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Weather Forecasting Services market in Asia Pacific.

There are several manufacturers of Weather Forecasting Servicess in Europe and North America. In North America, the demand for Weather Forecasting Servicess is primarily driven by the residential sector. Improved standards of living and rising usage of Weather Forecasting Servicess for flooring purpose are anticipated to drive the market in North America.

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Table of Contents:

Global Weather Forecasting Services Market Report 2020

1 Weather Forecasting Services Definition

2 Global Weather Forecasting Services Market Major Player Share and Market Overview

3 Major Player Weather Forecasting Services Business Introduction

4 Global Weather Forecasting Services Market Segmentation (Region Level)

5 Global Weather Forecasting Services Market Segmentation (Product Type Level)

6 Global Weather Forecasting Services Market Segmentation (Industry Level)

7 Global Weather Forecasting Services Market Segmentation (Channel Level)

8 Weather Forecasting Services Market Forecast 2020-2024

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