Market Overview:
Cloud seeding is a weather modification technique that aims to change the amount or type of precipitation that falls from clouds by dispersing substances into the air that serve as cloud condensation or ice nuclei, which alter the microphysical processes within the cloud. The goal of cloud seeding is to increase precipitation (rain or snow), suppress hail, or alter fog and frost.
The global Cloud seeding Market is estimated to be valued at US$ 134 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the cloud seeding market is the increasing demand for freshwater resources. With rapid urbanization and industrialization, the demand for freshwater has increased significantly. However, various parts of the world are facing water stress due to irregular rainfall patterns resulting from climate change. Cloud seeding technology helps augment precipitation and increase freshwater availability from rainfall. Various countries in Asia, Africa, South America, and the Middle East are increasingly adopting cloud seeding programs to enhance water security through rainfall manipulation.
SWOT Analysis
Strength: Cloud seeding has the potential to increase water supplies in areas affected by drought. It is a relatively inexpensive way to augment water supplies compared to other options such as desalination or new reservoirs.
Weakness: The effectiveness of cloud seeding depends on the conditions of the clouds and weather. It may not yield the desired results in all weather situations. More research is still needed to fully understand its implications.
Opportunity: With changing climate and increasing instances of droughts and water scarcity around the world, cloud seeding provides an opportunity to enhance water security in a cost effective manner. Many countries and states are investing in setting up cloud seeding programs.
Threats: Excessive reliance on cloud seeding could negatively impact the natural water cycle if not implemented responsibly. There are also uncertainties regarding its long term impact on local ecosystems. Trans-boundary implications due to seeding clouds moving across borders is another concern.
Key Takeaways
The Global Cloud Seeding Market Size is expected to witness high growth, exhibiting CAGR of 5.8% over the forecast period, due to increasing instances of droughts around the world exacerbated by climate change. Many countries and states are investing in cloud seeding to boost their water supplies and manage drought risks.
Regional analysis: North America dominates the global cloud seeding market currently due to large scale ongoing programs in United States. Several western US states regularly conduct cloud seeding operations. The Asia Pacific region is expected to grow at the fastest pace during the forecast period led by increasing investments from China and Middle Eastern countries to enhance water security through artificial rainmaking.
Key players operating in the cloud seeding market are Weather Modification International, North American Weather Consultants, Seeding Operations and Atmospheric Research (SOAR), National Center for Atmospheric Research (NCAR), Aquiess, Ice Crystal Engineering, Weather Modification, Inc., Meteo Systems, Atmospheric Systems Corporation, Snowy Hydro Limited, Sinopec Group, Fujian Shaowu Cloud Seeding General Office, Oman Power and Water Procurement Company (OPWP), Beijing Weather Modification Office, Desert Research Institute (DRI). The key players are focusing on advancing cloud seeding technology and solutions to make them more effective and expand their application globally.
*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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