Press release
Global Weather Monitoring Solutions And Services Market Projected to Grow at 8% CAGR, Reaching $2.31 Billion by 2029
Weather Monitoring Solutions And Services
Weather Monitoring Solutions And Services Market Size Growth Forecast: What to Expect by 2025?
The market for weather monitoring solutions and services has seen significant expansion in the past few years. Its valuation is projected to increase from $1.58 billion in 2024 to $1.69 billion in 2025, implying a Compound Annual Growth Rate (CAGR) of 7.1%. The historical growth can be associated with factors such as readiness for natural calamities, demand in the agricultural sector, safety in aviation and transportation, energy sector needs, and scientific investigations and research.
How Will the Weather Monitoring Solutions And Services Market Size Evolve and Grow by 2029?
In the coming years, the market for weather monitoring solutions and services is anticipated to undergo significant expansion. The market is projected to reach $2.31 billion in 2029, experiencing a compound annual growth rate (CAGR) of 8.0%. The projected growth over this period can be credited to elements such as climate change mitigation, the embracing of precision agriculture, smart city projects, integration of renewable energy, and the rise in extreme weather incidents. Key trends influencing this predicted growth encompass the increasing focus on incorporating renewable energy, advancements in weather dataset visualization, tailored solutions for specific industries, and ongoing enhancements in the quality of data.
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What Drivers Are Propelling the Growth of Weather Monitoring Solutions And Services Market Forward?
The surge in natural disaster occurrences is predicted to fuel the growth of the market for weather monitoring solutions and services. Earth's natural processes sometimes lead to severe environmental damage and loss of life, often referred to as natural disasters. Various tools are used by scientists to retrieve weather-related information, track natural disasters and utilize a Gutenberg-Richter diagram to predict the magnitude and regularity of future disasters. For instance, ReliefWeb, a US website advocating human rights, reported in March 2023 that the Emergency Event Database (EM-DAT) recorded 387 individual natural disasters and hazards globally in 2022. These events affected 185 million people and resulted in 30,704 fatalities. The estimated economic damages amounted to $2233.8 billion. Thus, the rise in natural disaster incidents is propelling the growth of the weather monitoring solutions and services market.
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Which Emerging Trends Are Transforming the Weather Monitoring Solutions And Services Market in 2025?
The rise in technological innovations is becoming a dominant trend in the weather monitoring solutions and services sector with businesses embracing these advancements to maintain their market standing. Case in point, in April 2023, Aderis Energy LLC, a versatile PV and solar O&M service firm from the US, introduced SunSpector, a cutting-edge intelligent weather station. SunSpector uses edge computing to help clients manage their renewable energy systems more effectively. It integrates data logging, performance analysis and energy modeling characteristics. SunSpector features an edge computing platform, servo-controlled plane of array (POA) tracking, and an innovative solution for resource assessment. It facilitates data recording and analysis, computes energy loss and can validate weather modeling predictions.
What Are the Key Segments in the Weather Monitoring Solutions And Services Market?
The weather monitoring solutions and servicesmarket 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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Who Are the Key Players Shaping the Weather Monitoring Solutions And Services Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth 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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