Global Weather Forecasting Systems Market Growth Trajectory
The Business Research Company’s Weather Forecasting Systems Global Market Report 2022: Market Size, Trends, And Forecast To 2026
LONDON, GREATER LONDON, UK, September 30, 2022 /EINPresswire.com/ -- As per The Business Research Company's "Weather Forecasting Systems Global Market Report 2022”, the weather forecasting systems market size is expected to grow from $2.29 billion in 2021 to $2.38 billion in 2022 at a compound annual growth rate (CAGR) of 4.25%. The growth in the market is mainly due to the companies' rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global weather forecasting system market size is expected to reach $2.97 billion in 2026 at a CAGR of 5.61%. The increasing adoption of renewable energy sources is significantly driving the growth of the weather forecasting systems market.
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Key Trends In The Weather Forecasting Systems Market
The adoption of sophisticated weather monitoring systems is a key trend gaining popularity in the market. Major companies operating in the weather forecasting systems sector are focused on developing sophisticated weather monitoring systems to strengthen their position. For instance, in October 2021, Finland-based environmental and industrial measurement company Vaisala introduced the AWS810 Automatic Weather Station, which integrates several analogue and digital sensors, offering a range of configuration and connectivity options. The new system has robust data security mechanisms built into the hardware and software to protect against security threats and unauthorised access and ease of remote maintenance to enable efficient management of large networks. The AWS810 enables users to access real-time synoptic observation and monitoring of weather-critical events as well as continuous, traceable climatological data for a number of agency, government, and research purposes.
Overview Of The Weather Forecasting Systems Market
The weather forecasting systems market consists of the sales of weather forecasting technologies by entities (organizations, partnerships, and sole proprietors) that combine technology and science to anticipate the state of the atmosphere for a specific time and location in the future. Weather forecasts are developed by gathering as much information as possible regarding the current atmospheric conditions (like humidity, temperature, and wind) and applying knowledge of atmospheric processes (through meteorology) to predict how the atmosphere will evolve in the future.
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Weather Forecasting Systems Global Market Report 2022 from TBRC covers the following information:
Market Size Data
• Forecast period: Historical and Future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Market Segmentation
• By Type: Short-Range, Medium-Range, Long-Range
• By Component: Data Loggers, Software, Sensors and Hardware
• By Equipment: Barometer, Anemometer, Hygrometer, Rain Gauge, Thermometer, Sling Psychrometer, Weather Balloons
• By End-User: Aviation, Military, Energy, Agriculture, Marine, Transportation
• By Geography: The global weather forecasting systems market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest share in the market.
Major market players such as The Weather Company, Sutron Corporation, Campbell Scientific, Airmar Technology Corporation, All Weather, Morcom International, Columbia Weather Systems, G. Lufft Mess-und Regeltechnik, Vaisala, Skye Instruments Ltd., AccuWeather, Inc., StormGeo, Lockheed Martin Corporation, Liquid Robotics Inc., Spire Global, Earth Networks, Skymet Weather Services, DTN, Honeywell International, IBM Corporation, MeteoGroup and Raytheon Company.
Trends, opportunities, strategies and so much more.
Weather Forecasting Systems Global Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides an overview of weather forecasting systems market. The market report analyzes weather forecasting systems global market size, weather forecasting systems global market growth drivers, weather forecasting systems global market segments, weather forecasting systems global market major players, weather forecasting systems global market growth across geographies, and weather forecasting systems global market competitors’ revenues and market positioning. The weather forecasting systems market report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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