According to our latest market study, titled "Wind Tunnel Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Solution, Alignment, Airspeed Type, and Application," the market is projected to reach US$ 3,784.56 million by 2028 from US$ 2,706.26 million in 2021. It is expected to grow at a CAGR of 4.9% from 2021 to 2028.
In high-rise buildings with large surfaces exposed to wind, the impact of wind force on man-made structures is critical, and the building's internal construction must resist the resulting forces. Although computational fluid dynamics is increasingly being adopted for structural testing due to faster computing, it is not considered suitable for routine use in the structural design of buildings since its predictions need to be verified by experiments. Wind tunnel testing helps determine wind pressures on buildings by allowing aerodynamic measurements to be taken simultaneously at numerous ports through current pressure measurement capabilities. With modern wind tunnels, rapid scanning equipment, and fast computers with large storage, construction and design firms can simultaneously measure multiple pressure taps, facilitating the development of time domain-based methods for calculating the aerodynamics of the building.
Wind tunnel modelling is useful for assessing the impact of wind force on structures such as high-rise buildings, factories, and bridges, enabling building designers to construct structures that can efficiently withstand the effects of wind. Additionally, wind tunnel modelling is being applied to analyze exhaust gas dispersion patterns at hospitals, laboratories, and other sources of emissions. The use of boundary layer wind tunnel modelling is also considered in the assessment of the Leadership in Energy and Environmental Design (LEED) certification provided by the US Green Building Council.
The increasing demand for sustainable buildings, which has gained significant support from construction companies and government agencies, is driving the growth of the global wind tunnel market. The European Commission's 2019 launch of the European Green Deal (EGD) is one such initiative that has set a list of policy measures aimed at aligning European countries with the target of net-zero global warming emissions by 2050. This deal includes parameters such as sustainable mobility, building and renovation, climate action, eliminating pollution, and biodiversity, among others. The commission also introduced the EU Renovation Wave program for the building sector, aimed at accelerating the energy-efficient renovation of approximately 220 million buildings and enhancing their environmental performance. Thus, the promising prospects of the green building market are fuelling the growth of the wind tunnel market.
Impact of COVID-19 Pandemic on Wind Tunnel Market
During its peak in 2020, the COVID-19 outbreak had a severely adverse impact on the world economy, especially on the automotive and aerospace industries. Prior to the pandemic, the wind tunnel market was experiencing significant growth, thanks to the increasing production of aircraft and automobiles. However, due to the virus outbreak, the production activities of these industries, which rely on wind tunnel market solutions, experienced a significant slowdown. The implementation of various containment measures, such as lockdowns, business shutdowns, and trade restrictions, had a negative impact on the wind tunnel market's production and supply chain, which continued into the second half of 2020 and during the second large outbreak in 2021.
Since the last quarter of 2020, market players have been experiencing steady growth in demand from end users as industrial activities picked up pace. This is due to the huge requirement of wind tunnels in building construction, which has created a stable demand for wind tunnels worldwide. Additionally, the COVID-19 pandemic has increased the need for high-quality wind tunnel solutions for electric vehicles, as they play a vital role in aerodynamics testing. Notably, the sales of electric vehicles have been increasing, especially in the USA, China, and Europe, since the pandemic. Although the global wind tunnel market initially suffered due to the adverse impact of COVID-19 and related regulations, it is expected to recover strongly due to the increasing requirement of wind tunnels across various end-use verticals.
Key Findings of Study
The wind tunnel market based on solution is bifurcated into products and services. In 2021, the services segment led the market. Based on alignment, the wind tunnel market is segmented into horizontal and vertical. In 2021, the horizontal segment led the market. Based on airspeed type, the wind tunnel market is segmented into subsonic, supersonic, transonic, and hypersonic. In 2021, the subsonic segment led the market. Based on application, the wind tunnel market is segmented into aerospace and defense, automotive and transportation, building construction and wind energy, training and simulation, adventure sports skydiving, and others. In 2021, the aerospace and defense segment led the market. Geographically, the wind tunnel market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, Europe accounted for a significant share in the global wind tunnel market.
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