Press release
Global Anemometer Market to Reach $43.04 Billion by 2029, Growing at 10.2% CAGR
Anemometer
The rise in the utilization of wind energy is anticipated to fuel the expansion of the anemometer market. The growing use of wind energy can be attributed to government policies, reduced costs, technological advancements, and the worldwide endeavor towards achieving carbon neutrality. Wind energy, recognized for its sustainability, cost-efficiency, technological innovation, and contribution towards global carbon-emissions reduction, heavily relies on anemometers for measuring wind speed and direction. This aids in determining potential locations for wind farms, boosting turbine efficiency and keeping a check on real-time wind conditions for power generation. For instance, in April 2024, the Global Wind Energy Council, an international trade association for the wind power industry based in Portugal, reported that a record 117 GW of new wind power capacity was installed across the globe in 2023. This represented a 50% increase from the previous year. This year recorded the highest number of new onshore wind installations, going beyond 100 GW, and the second highest for offshore wind, at 11 GW. The global wind industry also crossed the 1 TW benchmark of installed capacity and is expected to attain 2 TW by 2030. Thus, the surge in wind energy utilization is the leading factor for the growth of the anemometer market.
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How will the growth rate of the anemometer market shape industry trends by 2034?
The size of the anemometer market has exhibited robust growth in recent years. The growth is expected to propel from $36.44 billion in 2024 to $39.08 billion in 2025, maintaining a compound annual growth rate (CAGR) of 7.2%. The historic period's growth is linked to the heightened emphasis on workplace safety, blossoming demand for wind energy bellows, amplified investment in sources of renewable energy, expanding marine sector, and growing anxiety about climate change.
The dimension of the anemometer market is predicted to experience robust expansion in the upcoming years, scaling up to $51.12 billion by 2029 via a compound annual growth rate (CAGR) of 6.9%. The projected increase during this phase can be linked to multiple factors such as a surge in oil and gas exploration activities, a rise in the occurrence of severe weather conditions, a growth in construction activities, the widespread use of wind energy, and an escalating awareness of our environment. Key trends for the future encapsulate progressive sensor technologies, intelligence-based anemometers, digitized anemometers, strategic alignments, and the latest wind measurement technologies.
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What trends are poised to drive the future success of the anemometer market?
Leading firms in the anemometer market are honing in on the development of dual-axis ultrasonic anemometers, with the aim of improving accuracy, durability, and functional efficiency. Dual-axis ultrasonic anemometers are wind measuring devices that utilize ultrasonic sensors to gauge wind velocity and direction along two orthogonal axes sans movable parts. Gill Instruments Ltd., a UK-based sensor manufacturing company, for instance, debuted the WindUltra, a dual-axis ultrasonic anemometer engineered for a variety of land and marine uses, in July 2023. The WindUltra presents quick set up and alignment options, such as a 1-inch pole mount that twists to lock in place and a pole mount that can accommodate poles between 1.75 and 2 inches in diameter. Furthermore, the device provides highly accurate wind assessments, which makes it compatible with a wide range of environmental situations.
Which primary segments of the anemometer market are driving growth and industry transformations?
The anemometer market covered in this report is segmented -
1) By Type: Vane Anemometer, Cup Anemometer, Hot-Wire Anemometer, Other Types
2) By Technology: Light Detection And Ranging (LIDAR), Sonic Detection And Ranging (SODAR)
3) By Measurement Type: Air Velocity Measurement, Wind Speed Measurement, Wind Pressure Measurement
4) By Application: Offshore, Onshore
5) By End-User Industry: Agriculture, Aviation, Oil And Gas Industries, Marine, Transport And Logistics, Other End-User Industries
Subsegments:
1) By Vane Anemometer: Digital Vane Anemometer, Analog Vane Anemometer, Handheld Vane Anemometer, Fixed Vane Anemometer
2) By Cup Anemometer: Three-Cup Anemometer, Four-Cup Anemometer, Wireless Cup Anemometer, Mechanical Cup Anemometer
3) By Hot-Wire Anemometer: Constant Temperature Hot-Wire Anemometer, Constant Current Hot-Wire Anemometer, Single Sensor Hot-Wire Anemometer, Multi-Sensor Hot-Wire Anemometer
4) By Other Types: Ultrasonic Anemometer, Laser Doppler Anemometer, Acoustic Resonance Anemometer, Pressure Tube Anemometer
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Which geographical regions are pioneering growth in the anemometer market?
North America was the largest region in the anemometer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the anemometer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the anemometer market landscape?
Major companies operating in the anemometer market are Thermo Fisher Scientific Inc., Saras Equipments, Teledyne FLIR LLC, Vaisala Corporation, SONIC Corporation, Omega Engineering Inc., Kanomax USA Inc., Lufft, FT Technologies, Gill Instruments Limited, ANEOS Corporation, E+E Elektronik Ges.m.b.H., Delta Ohm Benelux, Cole-Parmer Instrument Company LLC., PCE Instruments India Private Ltd., R. M. Young Company, Ammonit Measurement GmbH, IED Electronics, LCJ Capteurs, NRG Systems
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What Is Covered In The Anemometer Global Market Report?
•Market Size Forecast: Examine the anemometer market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the anemometer market for a structured understanding.
•Key Players Overview: Analyze major players in the anemometer market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the anemometer market.
•Segment Contributions: Evaluate how different segments drive overall growth in the anemometer market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the anemometer market.
•Industry Challenges: Identify potential risks and obstacles affecting the anemometer market.
•Competitive Landscape: Review strategic developments in the anemometer market, including expansions, agreements, and new product launches.
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