weather monitoring system Market

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 market for weather monitoring systems is divided into five key regions, namely North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SCAM). In 2020, APAC held the biggest market share, trailed by North America and Europe. Moreover, APAC is predicted to record the highest CAGR during the projected timeframe.

The weather monitoring system market is experiencing growth due to the increasing adoption of these systems by the aviation, energy, and power industries and technological advancements such as AI and IoT-based weather monitoring systems. The modernization of airports across North America is creating profitable business prospects for market players, as airport authorities are investing heavily in these systems. Additionally, governments in the region are focused on reducing carbon emissions, leading to increased deployment of solar and wind power plants. For instance, the US and Canada have set targets to become carbon neutral by 2050, resulting in the region's rise of renewable energy projects. This trend is expected to create significant growth opportunities for the weather monitoring system market. The increasing number of smart cities in North America also drives the market.

The weather monitoring system market in Europe is seeing significant growth due to the increasing investment by German airport authorities in renovating airports with advanced technologies, including weather monitoring systems. The development of wind and solar projects is also rising in Europe. For instance, TotalEnergies announced in November 2021 the largest solar project in Gien, France, which would generate about 64 GW of solar power per year. In the Middle East and Africa (MEA), fossil fuel deposits have been one of the primary sources of national income. However, the Saudi Arabia government is now emphasizing diversifying its economy and supporting the development of non-oil sectors, such as manufacturing and aviation. This has led to increased trading activities and the development of new ports, such as the multi-purpose port announced in May 2021 by Hutchison Ports and Jazan City for Primary and Downstream Industries in Jazan City, Saudi Arabia. The COVID-19 pandemic caused supply chain disruptions for market players in 2020 due to various government regulation measures, affecting their production performances. However, the supply chains of weather monitoring systems stabilized from Q4 of 2020, and market players began to expand in 2021, with the aforementioned factors driving the market.

The market size of the weather monitoring system has been determined by employing both primary and secondary sources. The research process began by conducting comprehensive secondary research using internal and external sources to gather qualitative and quantitative information regarding the weather monitoring system market. This process also aimed to provide an overview and forecast for the market, focusing on all the segments. The global weather monitoring system market overview and forecast were also obtained based on the provided segmentation for the five major regions- North America, Europe, Asia Pacific, Middle East and Africa, and South America. In addition, primary interviews were conducted with industry participants and commentators to authenticate data and obtain more analytical insights into the subject. Typically, industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the weather monitoring system market were included in this process.

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.