Weather Monitoring System Market Size, Share & Growth by 2028

The weather monitoring system market is expected to grow from US$ 1,746.47 million in 2021 to US$ 2,932.92 million by 2028. It is estimated to grow at a CAGR of 7.7% during 2021–2028.

The increasing deployment of solar and wind plants globally due to the wide adoption of renewable energy is further driving the weather monitoring system market. The energy & power sector significantly depends on weather and climate variability. The energy & power sector has diverse requirements for meteorological services to support decision-making for both day-to-day operations and longer-term strategic planning. The weather monitoring system measures real-time data, such as air pressure, humidity, temperature, and wind speed, in the energy & power sector. The weather monitoring system is one of the most crucial instruments installed in energy plants and solar PV power plants.

Furthermore, the increasing development and modernization of airports worldwide are expected to create a lucrative opportunity for monitoring system manufacturers in the years to come. For instance, in 2020, the Bengaluru-based CSIR-National Aerospace Laboratories (NAL) developed the aviation weather monitoring system. In 2021, China built 30 airports in Tibet and Xinjiang provinces. The Department of Infrastructure and Regional Development constructed an airport in New South Wales, Australia, the same year. Thus, these factors are driving the weather monitoring system market.

Strategic Insights

Impact of COVID-19 Pandemic on the Weather Monitoring System

Market

As per the World Meteorological Organization (WMO), the COVID-19 pandemic is hindering the quality and quantity of weather observations, forecasts, as well as atmospheric and climate monitoring. Meteorological measurements taken from aircraft have indeed dropped by an average 75–80 % compared to normal. The COVID-19 pandemic has posed unprecedented challenges globally and has had a significant impact on the international air transport sector. However, from mid-2021, the government of various regions have resumed air transportation that lead to increasing e-commerce business and transportation & logistics business, which would propel the demand for weather monitoring systems during the forecast period.

Lucrative Regions for Wind Turbine Condition Monitoring Market

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Wind Turbine Condition Monitoring Market Insights

Deployment of Wind Turbines and Solar Panels to Generate Renewable Energy

Governments worldwide have initiated various renewable energy generation projects to satiate the demand for energy without hindering the environment. Wind turbines and solar panels are the primary sources of generating renewable energies. Weather monitoring systems are used for high accuracy measurement of radiation, wind speed, wind direction, air temperature, humidity, module temperature, soiling, and other parameters for generating wind energy. In addition, the weather monitoring system is also used in solar plants as photovoltaic (PV). System performance depends on the quality of the system and weather. As weather is variable, the photovoltaic system's output changes, and the solar radiation data affects the PV system's performance. Rising solar panels and wind turbines have propelled the weather monitoring system market. For example, The European Union has set ambitious CO2 reduction targets, stimulating renewable energy production and accelerating offshore wind energy deployment in the North Sea.

Additionally, China installed the world's largest solar capacity in 2019, totaling 205 GW. The US had the world's second-largest installed solar capacity in 2019, totaling 76 GW and producing 93.1 TWh of electricity. Thus, the increasing deployment of wind turbines and solar panels is creating a lucrative opportunity in the weather monitoring system market as the energy generation by solar and wind power plants depend on atmospheric conditions.

Component-Based Market Insights

Based on component, the weather monitoring system market is segmented as hardware and software. The hardware segment led the weather monitoring system market with a market share of 83.1% in 2020. The common hardware components used in weather monitoring systems are the anemometer, wind vane, pressure sensor, thermometer, hygrometer, rain gauge, and others. Meteorologists and hydrologists use the rain gauge to measure the amount of liquid precipitation over an area in a predefined area over a while. The advancement and development of the hardware component used in the weather monitoring system will allow the market player to enhance their weather monitoring system by using these advanced products, driving the weather monitoring system market. For instance, in 2021, Rohm has launched waterproof barometric pressure sensors based on a piezoresistive MEMS technology that is resistant to external disturbances.

Players operating in the weather monitoring system market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

• In 2020, Vaisala launched its Automatic Weather Station AWS810 to empower communities worldwide to keep citizens safe and secure.
• In 2021, Baron has been contracted by Zimbabwe’s Meteorological Services Department to provide five new weather radars to help improve public safety.

The global weather monitoring system market is analyzed on the basis of component and application. Based on component, the weather monitoring system market is segmented into hardware and software. Based on application, the weather monitoring system market is segmented as metrology, energy & power, transportation, aviation, and others.

Baron Services, inc.; Aeron Systems Private Limited; NVIS Technologies PVT. Ltd.; Logics POWERAMR; Boltek; Free Spirits Green Labs Private Limited; Telegrafia A.S.; Trinity Touch; Vaisala; and Trafitek are the key market players considered for the research study. In addition, several other significant weather monitoring system market players have been studied and analyzed in this research report to get a holistic view of the global weather monitoring system market and its ecosystem.