According to the new research report published by The Insight Partners, titled “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, et al)”, the global market for weather monitoring systems is expected to grow from USD 1,746.47 million in 2021 to USD 2,932.92 million by 2028. It is expected to grow at a CAGR of 7.7 % over the period 2021-2028.
Due to its massive maritime trade, North America has a very advanced port infrastructure and maritime sector. Imports from North America have steadily increased from US$571.22 in 2016 to US$741.87 in 2021 in terms of cargo volumes. In addition, the US government is investing heavily in developing and improving transportation infrastructure. For example, in November 2021, the US government signed a bipartisan US$1 trillion infrastructure, under which US$17 billion would be allocated to modernize inland ports and waterways, coastal ports and transport networks. freight across the country. In addition, the region also has the largest number of airports, with the United States alone approx. 18,000 airports.
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The weather monitoring system is used to supply electricity and power to the underwater machinery and equipment used. A weather monitoring system is a small weather device used to measure and display atmospheric conditions through several weather sensors. Weather monitoring systems collect information about temperature, humidity, wind speed and direction, precipitation, UV index and solar radiation from different locations for weather forecasting purposes. A weather station is associated with several benefits such as providing real-time weather data and offering real-time alerts on weather conditions.
Additionally, increasing deployment of solar and wind power plants globally owing to wide adoption of renewable energy is further driving the growth of the market. The energy and electricity sector is significantly dependent on weather and climate variability. The energy and electricity sector has diverse requirements for weather services to support decision-making for day-to-day operations and longer-term strategic planning. The weather monitoring system measures real-time data such as atmospheric pressure, humidity and temperature, wind speed in the energy and electricity sector. Weather monitoring system is one of the most crucial instruments installed in power plants and solar photovoltaic power plants.
The global weather monitoring systems market is also benefiting from the major manufacturers. Weather monitoring and disaster management go hand in hand. Growing demand for continuous monitoring of hazardous parameters to prevent loss due to weather conditions is driving the growth of the market. National Meteorological and Hydrological Services (NMHSs) play a vital role in disaster preparedness around the world by providing public weather services, such as weather forecasts, early warnings of hazardous weather conditions, and collaboration with environmental organizations. disaster relief to minimize loss of life and property. To minimize the loss from weather hazards, many governments are partnering with market players and investing in weather monitoring systems by initiating weather forecasting related programs. For example, in 2020, to manage risks from weather hazards, the Chinese government extended its weather modification program to 2025 to cover one area. These factors are driving the growth of the market.
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The market for weather monitoring systems is increasing due to the increasing importance given to forecasting weather conditions in various regions to deal with weather disasters, military and defense applications, etc. Moreover, the presence of various market players in this application that offers weather and weather monitoring systems is further boosting the adoption of these systems in the weather service. For example, Swan Environmental Pvt.Ltd., a product used by the WEATHERPAK® Meteorology Department, is used on vessels requiring precise wind calculations, port and starboard wind data, larger military vessels and marine vessels. research. ACOEM ECOTECH, Trelleborg and many other companies also offer weather monitoring systems. The meteorology department uses weather monitoring systems to avert various weather disasters, boosting the weather monitoring system market.
Weather Monitoring Systems Market: Competitive Landscape and Key Developments
Baron Services, Inc. ; Aeron Systems Private Limited; NVIS Technologies PVT. ltd. ; POWERAMR logics; Bolteck; Free Spirits Green Labs Private Limited; Telegrafia AS; Trinity key; Vaisala; and Trafitek are the key players profiled during this market research. In addition, several other market players have been researched and analyzed to gain a comprehensive view of the global Weather Monitoring Systems market and its ecosystem.
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2022: Vaisala acquires the American company What or Knot, LLC (dba AerisWeather). It is a subscription software company that provides weather and environmental information.
2021: Vaisala announced an agreement with TomTom, to bring actionable road weather data and accurate information to the TomTom Hazard Warnings service.
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