Press release
Future of the Weather Monitoring Solutions And Services Market: Strategic Analysis and Forecast to 2034
Weather Monitoring Solutions And Services
Weather Monitoring Solutions And Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size of weather monitoring solutions and services has seen remarkable growth. The market value is projected to rise from $1.58 billion in 2024 to around $1.7 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.7%. The historical growth can be attributed to factors such as preparedness for natural disasters, demands from the agricultural sector, safety concerns in aviation and transportation, needs of the energy industry, and research and scientific exploration.
Weather Monitoring Solutions And Services Market Size Forecast: What's the Projected Valuation by 2029?
Strong expansion is anticipated in the market size of weather monitoring solutions and services in the upcoming years, escalating to "$2.33 billion by 2029 with a compound annual growth rate (CAGR) of 8.1%. This growth trajectory throughout the forecast period can be linked to efforts to mitigate climate change, the acceptance of precision agriculture, the implementation of smart city projects, the inclusion of renewable energy, and a heightened occurrence of severe weather events. Predominant trends for the forecast period encompass a concentration on integrating renewable energy, enhancements in weather visualization, customized solutions tailored to specific industries, and ongoing enhancements in data quality.
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What Are the Drivers Transforming the Weather Monitoring Solutions And Services Market?
The weather monitoring solutions and services market is expected to grow due to an anticipated increase in natural disaster occurrences. Natural disasters, which are severe environmental damages caused by the Earth's natural processes and result in loss of life, are analyzed by scientists using various tools. They study weather patterns, keep track of natural disasters, and use Gutenberg-Richter diagrams to predict the size and frequency of impending disasters. For example, in March 2023, the US-based human rights data website, ReliefWeb, reported according to the Emergency Event Database (EM-DAT), a total of 387 natural disasters and hazards occurred globally in 2022, affecting 185 million people and causing the death of 30,704 individuals. The estimated economic losses amounted to $2233.8 billion. As such, the growing number of natural disaster incidents is fuelling the expansion of the weather monitoring solutions and services market.
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What Long-Term Trends Will Define the Future of the Weather Monitoring Solutions And Services Market?
The escalating trends in technology are playing a crucial role in shaping the weather monitoring solutions and service market. Firms in this sector are employing cutting-edge technologies to consolidate their market presence. For instance, in April 2023, Aderis Energy LLC, an American company offering full-service utility-scale PV and solar O&M services, introduced SunSpector, a next-generation intelligent weather station. The device, powered by edge computing, assists customers in maximizing their renewable energy installations. It encompasses data logging, performance examination, and energy modeling features for renewable energy management systems. The SunSpector comes equipped with an edge computing platform, servo-controlled plane of array (POA) tracking, and an innovative tool for resource assessment. It facilitates data logging, analytics, and calculation of energy losses, alongside verifying weather modeling assumptions.
Which Segments in the Weather Monitoring Solutions And Services Market Offer the Most Profit Potential?
The weather monitoring solutions and services market covered in this report is segmented -
1) By Type: Solution, Hardware, Software, Data Services
2) By Instruments: Thermometer, Barometer, Anemometer, Pyranometer
3) By Deployment: On-Premise, Cloud
4) By Application: Agriculture, Meteorology, Renewable Energy, Transport And Logistics, Government, Other Applications
Subsegments:
1) By Solution: Weather Stations, Weather Sensors, Meteorological Solutions
2) By Hardware: Remote Sensing Equipment, Weather Radar Systems, Data Loggers
3) By Software: Weather Forecasting Software, Climate Modeling Software, Data Analysis Software
4) Data Services: Historical Weather Data, Real-Time Weather Data, Customized Weather Data, Data Subscription Services, Climate Risk Assessment Data
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Which Firms Dominate the Weather Monitoring Solutions And Services Market by Market Share and Revenue in 2025?
Major companies operating in the weather monitoring solutions and services market include Vaisala Oyj, Campbell Scientific Inc., Met One Instruments Inc., International Business Machines Corporation, Earth Networks, AccuWeather Inc., AnythingWeather Communications Inc., Intermountain Environmental Inc., Baron Weather, Climatronics, Columbia Weather Systems Inc., Nvis Technologies Pvt. Ltd., Sutron Corporation, RTX Corporation, Morcom International Inc., Gill Instruments Limited, Hoskin Scientific Limited, Davis Instruments, Meteomatics AG, Airmar Technology Corporation, RainWise Inc., Sigma Space Corporation, Aanderaa Data Instruments AS, Vanguard Instruments Company, WeatherFlow Inc., G. Lufft Mess- und Regeltechnik GmbH, Vieux & Associates Inc., GRAW Radiosondes GmbH, R. M. Young Company, Weather Telematics Inc., AerisWeather, SkyBitz Inc., Ventiq Corporation
Which Regions Offer the Highest Growth Potential in the Weather Monitoring Solutions And Services Market?
Asia-Pacific was the largest region in the weather monitoring solution and services market in 2024. The regions covered in the weather monitoring solutions and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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