Weather Forecasting Systems Market 2023 - Growth Opportunities, Size, Industry Trends, Top Players, Segmentation, And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Weather Forecasting Systems Market Size, Growth Rate, And Forecast
The global weather forecasting systems market size grew from $2.39 billion in 2022 to $2.52 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The weather forecasting systems market size is expected to grow to $3.15 billion in 2027 at a CAGR of 5.7%.

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Weather Forecasting Systems Market Drivers
The increasing adoption of renewable energy sources is significantly driving the growth of the weather forecasting systems market. Renewable energy generation, particularly wind and solar power, is volatile due to its reliance on weather, necessitating the use of proper forecasting systems to avoid downtime and improve efficiency. According to the International Renewable Energy Agency (IRENA), the world added more than 260 gigatonnes (GW) of renewable energy capacity in 2020, nearly tripling the amount added in 2019. As a result, the growing use of renewable energy sources is expected to drive the growth of the weather forecasting systems market in the coming years.

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Weather Forecasting Systems Market Segments
1) By Type: Short-Range, Medium-Range, Long-Range

2) By Component: Data Loggers, Software, Sensors And Hardware

3) By Equipment: Barometer, Anemometer, Hygrometer, Rain Gauge, Thermometer, Sling Psychrometer, Weather Balloons

4) By End User: Aviation, Military, Energy, Agriculture, Marine, Transportation

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the weather forecasting systems market.

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Weather Forecasting Systems Market Key Players
Major competitors in the weather forecasting systems market include The Weather Company, Sutron Corporation, Campbell Scientific, Airmar Technology Corporation, All Weather, Morcom International, Columbia Weather Systems, G. Lufft Mess-und Regeltechnik, Vaisala, Skye Instruments Ltd.

The Business Research Company's "Global Weather Forecasting Systems Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Weather Forecasting Systems Market Include:
1. Executive Summary
2. Weather Forecasting Systems Market Characteristics
3. Weather Forecasting Systems Market Trends And Strategies
4. Weather Forecasting Systems Market - Macro Economic Scenario
5. Weather Forecasting Systems Market Size And Growth
……
26. Africa Weather Forecasting Systems Market
27. Weather Forecasting Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Weather Forecasting Systems Market
29. Weather Forecasting Systems Market Future Outlook and Potential Analysis
30. Appendix

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