Press release
Weather Monitoring Systems Market Worth $4.49 Billion by 2030
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According to this latest publication from Meticulous Research®, the weather monitoring systems market is expected to reach $4.49 billion by 2030, at a CAGR of 6.1% from 2023 to 2030. The growth of this market is driven by the rapid weather fluctuations and climate changes and the rising demand for weather forecasting services in the agriculture industry. In addition, the increasing adoption of sensors for weather monitoring is expected to offer significant opportunities for the growth of this market. However, the increasing functional issues in sensors is expected to restrain the growth of this market.
The weather monitoring systems market is segmented based on component, range type, monitoring type, end-use industry, and geography. The study also evaluates industry competitors and analyses the market at the country level.
Based on component, the weather monitoring systems market is segmented into solutions and services. In 2022, the solutions segment accounted for the larger share of the weather monitoring systems market. The large market share of this segment is attributed to factors such as the increasing demand for weather monitoring solutions to provide accurate data in any weather condition.
Based on range type, the weather monitoring systems market is segmented into short-range and long-range. In 2022, the short-range segment accounted for the larger share of the weather monitoring systems market. The large market share of this segment is attributed to the increasing demand for weather monitoring solutions to provide highly accurate information such as air quality, temperature, humidity, and wind speed in case of adverse weather conditions to reduce the damage.
Based on monitoring type, the weather monitoring systems market is segmented into temperature monitoring, humidity monitoring, air quality, pressure monitoring, and other monitoring types. In 2022, the temperature monitoring segment accounted for the largest share of the weather monitoring systems market. The large market share of this segment is attributed to the increasing adoption of sensors to take temperature readings and monitor the weather condition.
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Based on end-use industry, the weather monitoring systems market is segmented into agriculture, transportation, media & telecommunication, government, renewable energy, and other end-use industry. In 2022, the transportation segment accounted for the largest share of the weather monitoring systems market. The growth of this segment is driven by the increasing need for weather analysis and forecasting services for the transportation industry.
Geographic Review:
Based on geography, the weather monitoring systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific accounted for the largest share of the weather monitoring systems market. The growth of this regional market is driven by the frequent climate changes that lead to a high risk of natural disasters in the region. This increases the need for weather monitoring systems to forecast weather conditions.
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Key Players:
The key players operating in the weather monitoring systems market are Vaisala (Finland), Baron Services, Inc. (U.S.), Aeron Systems Private Limited (India), Earth Networks (U.S.), Boltek Lightning Detection Systems (Canada), Trafitek Solutions Private Ltd. (India), Campbell Scientific, Inc. (U.S.), Columbia Weather Systems, Inc. (U.S.), AnythingWeather Communications, Inc. (U.S.), Hoskin Scientific (Canada), Airmar Technology Corporation (U.S.), Intermountain Environmental Inc. (U.S.), Free Spirits Green Labs Private Limited (India), MORCOM International (U.S.), and Davis Instruments (U.S.).
Key questions answered in the report:
Which are the high-growth market segments in terms of component, range type, monitoring type, end-use industry, and country?
What is the historical market size for weather monitoring systems across the globe?
What are the market forecasts and estimates for 2023-2030?
What are the major drivers, restraints, and opportunities in the weather monitoring systems market?
Who are the major players in the weather monitoring systems market, and what are their market shares?
Who are the major players in various countries, and what are their market shares?
How is the competitive landscape?
What are the recent developments in the weather monitoring systems market?
What are the different strategies adopted by the major players in the market?
What are the geographic trends and high-growth countries?
Who are the local emerging players in the global weather monitoring systems market, and how do they compete with other players?
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