Ground Based Segment to Dominate Europe Doppler Wind Lidar System Market during 2020–2028
According to The Insight Partners market research study on “Europe Doppler Wind Lidar System Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Installation type, and Application is expected to reach US$ 632.87 million by 2028 from US$ 381.14 million in 2021. The market is estimated to grow at a CAGR of 7.5% from 2021 to 2028. The report provides trends prevailing in the Europe doppler wind lidar system market along with the drivers and restraints pertaining to the market growth. Rise in government initiatives and investments to promote use of wind energy is the major factor driving the growth of the Europe doppler wind lidar system market. However, low adoption of doppler wind lidar system may hinder the growth of Europe doppler wind lidar system market.
Due to the COVID-19 outbreak, Russia, the UK, France, Italy, Spain, and Germany are a few of the worst affected member states in Europe. Businesses in the region face severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Due to business lockdowns, travel bans, and supply chain disruptions, Europe experienced an economic slowdown in 2020 and most likely, the impacts are expected to prevail in 2021. The doppler wind lidar system manufacturers in Europe rely highly on China for the supply of component. The sudden pandemic of COVID-19 outbreak and temporary closure of all economic activities, both inter and intra nations, negatively impacted the overall manufacturing process, thereby hindered the growth of the doppler wind lidar system market in Europe. Moreover, the demand for doppler wind lidar systems experienced a decline during the COVID-19 outbreak. The closure of airports, further leading to their declining investments in technology, is lowered the demand for these systems. Additionally, with respect to wind energy plants of the region, onshore construction activity slowed from February to April as a result of COVID-19 measures, owing to supply chain interruptions and logistical issues in many countries, while delays induced by the crisis have only had a minor impact on the offshore wind sector due to long project lead times. Thus, the doppler wind lidar system market in Europe is adversely impacted due to the COVID-19 outbreak.
The market for doppler wind lidar system market is segmented into type, installation type, application, and country. Based on type the Europe doppler wind lidar system market is segmented into compact doppler lidar and large doppler lidar system. In 2020, the compact doppler lidar segment held the largest share Europe doppler wind lidar system market. Based on installation type the Europe doppler wind lidar system market is segmented into ground based, and airborne. Airborne is expected to the fastest growing segment over the forecast period. Based on application, the Europe doppler wind lidar system market is segmented into air traffic safety monitoring, wind power measurement, and weather and climate. In 2020, the wind power measurement segment held the largest share Europe doppler wind lidar system market. Based on country the Europe doppler wind lidar system market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe. In 2020, Germany held the largest share Europe doppler wind lidar system market
Deutsche WindGuard GmbH, GWU-Group, HALO Photonics, Mitsubishi Electric Corporation, Vaisala, Windar Photonics A/S, and Zephir Limited are among the leading companies in the Europe doppler wind lidar system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Deutsche WindGuard has introduced to a system that allows the standalone use of wind lidar ZX 300 in complicated terrain. The new “ZX Complex Flow Solver” (ZX CFS) is the outcome of a collaboration between ZX Lidars and ZephyScience, a prominent computational wind engineering organization.