Meteorological Equipment Market: Introduction
- Meteorological equipment are those instruments or sensors which help to gauge the state of atmosphere in a given time. These equipment are developed and designed to function in any climatic zone under natural conditions, and helps to measure and record the values of meteorological elements. The equipment operates reliably, provides stable readings over a wide temperature range, and does not get affected by high wind and dust.
Key Drivers of the Global Meteorological Equipment Market
- Rising adoption of meteorological equipment is attributed to the increasing changes in climate patterns, as unpredictable climatic conditions creates an adverse impact on several industries. This compels companies to deploy such systems which helps to improve their business conditions, which is a major factor contributing to the growth of the meteorological equipment market.
- Airlines, fisheries, agriculture, and defense industries require reasonable amount of accuracy regarding weather elements such as wind humidity, pressure, cloudiness, and temperature. Growing dependency of major businesses on climatic conditions is majorly contributing to the growth of the meteorological equipment market globally.
Factor Restraining the Global Meteorological Equipment Market
- Small and medium scale businesses in emerging countries do not measure climate risk while operating business activities, which is a major factor that can hinder the growth of the meteorological equipment market.
Market in Asia Pacific to Expand Rapidly
- In terms of geography, the global meteorological equipment market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the meteorological equipment market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the meteorological equipment market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America meteorological equipment market is segmented into Brazil, and Rest of South America.
- North America accounted for largest share of the global meteorological equipment market due to the presence of major manufacturers operating in the region. Extensive adoption of meteorological equipment in aviation and commercial industries is a prime factor driving the growth of the meteorological equipment market in North America.
- The meteorological equipment market in Asia Pacific is projected to expand rapidly during the forecast period due to the growing number of small and medium scale industries in the region that are mainly dependent on weather conditions. Moreover, agriculture is a major source of revenue for countries such as India and China which propels the demand for accurate systems to predict climate conditions. This is expected to propel the meteorological equipment market in the region.
Key Players Operating in the Global Market
Companies in the meteorological equipment market are focusing on becoming more proficient and developing products with advanced technologies which will enhance their competitive advantage and market share globally. Companies are launching products which gives accurate climate forecast solutions which helps logistics and e-commerce industries in better supply chain management. All these factors help to propel the sale of meteorological equipment.
A few of the key players operating in the global meteorological equipment market are:
- Airmar Technology Corp.
- All Weather, Inc.
- Campbell Scientific, Inc.
- Columbia Weather Systems, Inc.
- Felix Technology Inc.
- G. Lufft Mess- und Regeltechnik GmbH
- Morcom International, Inc.
- Skye Instruments Limited
- The Weather Company (IBM Corporation)
Global Meteorological Equipment Market: Research Scope
Global Meteorological Equipment Market, by Equipment Type
- Rain Gauge
- Snow Gauge
- Others (Lightning Detector, Radiosonde, etc.)
Global Meteorological Equipment Market, by End-use
- Research Institutes
- Power Industry
- Chemical Industry
- Biotechnical Industry
- Weather Stations
- Environmental Study
- Pharmaceutical Industry
- Other (Airport, etc.)
Global Meteorological Equipment Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
The report on the global meteorological equipment market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
Interested in this report?
Get a FREE Brochure now!