Anemometer are instruments used for measuring wind speed and direction. They are majorly used in weather stations, aviation sector and meteorological services for monitoring wind conditions. With growing concerns regarding climate change and weather forecasting, use of anemometer has increased significantly in recent years. They provide real time data to monitor wind behavior which further helps in making better predictions. Their compact size and precision makes them suitable for both industrial and household applications.
The global anemometer market is estimated to be valued at US$ 41.5 Bn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing application of anemometer in weather monitoring sector has been a major trend driving the market growth. With growing needs for accurate weather forecasting across various industries such as aviation, marine, agriculture etc precise wind monitoring has become crucial. This has significantly boosted adoption of anemometer globally. They help meteorological agencies to gather onsite wind speed and direction data which is further analyzed to predict weather conditions. Availability of smart anemometers integrated with advanced connectivity options such as Wi-Fi, Bluetooth etc allowing real time data transmission and monitoring has further increased their preference over conventional variants. This has positively impacted the anemometer market revenues.
SWOT Analysis
Strength: Anemometers have high durability and accuracy in measuring wind speed and direction. They provide reliable wind data for various applications.
Weakness: Some anemometers have complex designs that require technical expertise for installation and maintenance. LIDAR anemometers have higher costs.
Opportunity: Growing deployments of wind turbines and focus on renewable energy presents an opportunity for anemometer providers. Advancements in sensor technology will enable new product development.
Threats: Competition from low-cost alternatives and presence of substitute products. Accuracy and durability issues can impact sales.
Key Takeaways
The Global Anemometer Market Size is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis: The North America region currently dominates the market due to large wind energy sector. Europe and Asia Pacific regions also have significant shares and are expected to grow at above average rates during the forecast period.
Key players: Key players operating in the anemometer market are OMEGA Engineering, Siemens AG, Servomex, Thermo Fisher Scientific Inc., Kusam – Meco, Aeroqual, Horiba Ltd., Fortive Corporation, PCE Holding GmbH, CEM Corporation, Vaisala, Teledyne Technologies Inc. The major players are focusing on new product launches and partnerships to gain higher shares in this growing market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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