Weather Monitoring System Market Size, Share & Growth by 2028

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Weather Monitoring System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware and Software) and Application (Metrology, Energy & Power, Transportation, Aviation, and Others)

Publication Month: Feb 2022 | Report Code: TIPRE00021546 | No. of Pages: 144 | Category: Electronics and Semiconductor | Status: Published

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

Report Coverage - Weather Monitoring System Market
Report CoverageDetails
Market Size Value inUS$ 1,746.47 million in 2021
Market Size Value byUS$ 2,932.92 million by 2028
Growth rateCAGR of 7.7% from 2021 to 2028.
Forecast Period2021- 2028
Base Year2021
No. of Pages144
No. of Tables59
No. of Charts & Figures71
Historical data availableYes
Segments coveredComponent and Application
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Russia, Italy, France, India, China, Japan, South Korea, Australia, UAE, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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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

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.

Frequently Asked Questions

The key stakeholders in the weather monitoring system market include component providers, weather monitoring system providers, and end users. In recent years, the demand for weather monitoring systems especially in the aviation and energy and power industry has been growing at an impressive pace owing to the rising of various airports and the increasing deployment of solar and wind plants.
The study of atmospheric phenomena in weather forecasting processes is highly dependent on the initial weather conditions of specific areas. The prediction is totally based on the weather conditions, which vary according to changes in several atmospheric variables. This leads to inaccurate predictions and causes aviation accidents, disasters, and others, hindering the market growth. For instance, in 2018, in Kerala, the inadequacy of a weather monitoring system was exposed during a devastating flood. Later the Kerala government approached the Ministry of Home Affairs and the National Disaster Management Authority to replace the weather monitoring system. Thus, the inaccuracy occurred by the weather monitoring system due to the variable nature of weather is acting as restrain for the market.
Airport authorities are investing significantly in the modernization of airports across North America, which is creating lucrative business opportunities for the weather monitoring system market players. Moreover, with the increasing focus on reducing carbon emissions, the governments in the region are emphasizing clean energy, owing to which deployment of solar and power plants will increase. Thus, this will drive the demand for weather monitoring systems in the solar and power plant. For instance, in March 2021, the US government announced to become carbon neutral by 2050. Also, Canada plans to be carbon neutral by 2050. The deployment of solar and wind power projects is gaining significant traction across the region due to various initiatives taken by the North American governments.
Based on end-user industries for the weather monitoring system market include agriculture, transportation and logistics, aviation, energy and power, and others. Weather monitoring systems are being actively used in the aviation and energy and power sectors. The growing demand for weather monitoring systems for reducing weather hazard activities and increasing usage in the aviation industry is anticipated to boost the growth of the global weather monitoring system market during the forecast period of 2021 to 2028.
The weather monitoring system (WMS) is one of the most crucial instruments installed in solar PV power plants. A weather monitoring station can be immensely helpful in monitoring the efficiency and performance of any solar power plant. The demand for weather monitoring systems is increasing due to the rising deployment of solar panels and wind turbines. 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. This increasing demand for carbon-neutral energy production has fostered the rapid deployment of offshore wind farms (OWFs). Thus, the increasing deployment of wind turbines and solar panels is creating a lucrative opportunity in the weather monitoring system market as solar and wind power plants' energy generation depends on atmospheric conditions.
The increasing deployment of solar and wind plants globally due to the wide adoption of renewable energy is further driving the market growth. 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, and temperature, 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 will create an opportunity to deploy weather monitoring systems. For instance, in 2020, in India, Bengaluru-based CSIR-National Aerospace Laboratories (NAL) developed the aviation weather monitoring system. For instance, in 2021, China built 30 airports in Tibet and Xinjiang provinces. In 2021, the Department of Infrastructure and Regional Development, through Western Sydney Airport Ltd, constructed an airport in New South Wales, Australia.

The List of Companies - Weather Monitoring System Market 

  1. Vaisala
  2. Trinity Touch
  3. Trafitek Solutions Private Ltd.
  4. Telegrafia a.s.
  5. Boltek Lightning Detection Systems
  6. Free Spirits Green Labs Pvt Ltd
  7. Nvis Technologies Pvt. Ltd.
  8. Aeron Systems Private Limited
  9. Logics PowerAMR Pvt. Ltd.
  10. Baron Services, Inc 
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global weather monitoring system market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global weather monitoring system market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client, products, segmentation, pricing and distribution
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