Dublin, March 22, 2022 (GLOBE NEWSWIRE) -- The "Weather Monitoring System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component and Application" report has been added to ResearchAndMarkets.com's offering.
The weather monitoring system market is expected to reach US$ 2,932.92 million by 2028 from US$ 2,932.92 million in 2021. It is estimated to grow at a CAGR of 7.7% from 2021 to 2028. The weather monitoring system market is broadly segmented into five major regions - North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SCAM). APAC held the largest market share in 2020, followed by North America and Europe. APAC is further anticipated to register the highest CAGR during the forecast period.
The increasing uptake of these systems by the aviation and the energy & power industries and the rising technology developments, such as AI and IoT-based weather monitoring systems, are fueling this market. Airport authorities are investing significantly in the modernization of airports across North America, creating lucrative business opportunities for the market players. Moreover, with the increasing focus on reducing carbon emissions, the governments in the region are emphasizing clean energy, owing to which the deployment of solar and wind power plants is likely to increase in the near future.
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 America governments. Thus, the growing deployment of renewable energy projects would create ample growth opportunities for the weather monitoring system market. Moreover, the increasing number of smart cities across North America is boosting the market in the region.
In Europe, German airport authorities have invested significant amounts in renovating the airports with advanced technologies, including weather monitoring systems. The development of wind and solar projects is increasing in Europe. For instance, in November 2021, TotalEnergies announced the largest solar project in Gien, France. The project would generate about 64 GW of solar power per year. Thus, these factors are acting as significant drivers for the weather monitoring system market in Europe. The MEA is enriched with fossil fuel deposits, which have also been one of the primary sources of national income.
The Saudi Arabia government is currently emphasizing diversifying its economy and supporting the development of non-oil sectors, such as manufacturing and aviation. The increasing trading activities will lead to the development of new ports. For instance, in May 2021, Hutchison Ports and Jazan City for Primary and Downstream Industries announced the development of a multi-purpose port in Jazan City, Saudi Arabia. Thus, the factors mentioned above are driving the weather monitoring system market. During the COVID-19 pandemic, the market players experienced supply chain disruptions in 2020 due to various government regulation measures. The crisis also affected their production performances in that year. However, from the Q4 of 2020, the supply chains of weather monitoring systems stabilized, and market players began to expand from 2021.
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 players in the global weather monitoring system market.
Reasons to Buy
- 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
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Weather Monitoring System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
5. Weather Monitoring System Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Facial Recognition Solutions in Aviation Industry
5.1.2 Using Weather Forecasting to Enable Disaster Management
5.2 Market Restraints
5.2.1 Complexity of Weather Forecasting Systems
5.3 Market Opportunities
5.3.1 Deployment of Wind Turbines & Solar Panels to Generate Renewable Energy
5.4 Future Trends
5.4.1 Increasing Penetration of IoT-based WMS
5.5 Impact Analysis of Drivers and Restraints
6. Weather Monitoring System Market - Global Market Analysis
6.1 Weather Monitoring System Market Overview
6.2 Weather Monitoring System Market Revenue Forecast and Analysis
6.3 Weather Monitoring System Market Volume Forecast and Analysis
6.4 Market Positioning - Global Key Players
7. Weather Monitoring System Market Analysis - By Component
7.1 Overview
7.2 Weather Monitoring System Market, By Component (2020 and 2028)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Weather Monitoring System Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.2 Software: Weather Monitoring System Market - Revenue and Forecast to 2028 (US$ Million)
8. Weather Monitoring System Market Analysis - By Application
8.1 Overview
8.2 Weather Monitoring System Market, By Application (2020 and 2028)
8.3 Meteorology
8.3.1 Overview
8.3.2 Meteorology: Weather Monitoring System Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Energy and Power
8.4.1 Overview
8.4.2 Energy and Power: Weather Monitoring System Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Transportation
8.5.1 Overview
8.5.2 Transportation: Weather Monitoring System Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Aviation
8.6.1 Overview
8.6.2 Aviation: Weather Monitoring System Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Weather Monitoring System Market - Revenue and Forecast to 2028 (US$ Million)
9. Weather Monitoring System Market - Geographic Analysis
10. Impact of COVID-19 Pandemic on Global Weather Monitoring System Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 APAC: Impact Assessment of COVID-19 Pandemic
10.5 MEA: Impact Assessment of COVID-19 Pandemic
10.6 SAM Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Vaisala
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Trinity Touch
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Trafitek Solutions Private Ltd.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Telegrafia a.s.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Boltek Lightning Detection Systems
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Free Spirits green Labs Pvt Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Nvis Technologies Pvt. Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Aeron Systems Private Limited
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Logics PowerAMR Pvt. Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Baron Services, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/vewavl
Attachment
