PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1529942
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1529942
The global anemometer market is estimated to be valued at US$ 52.03 Bn in 2024 and is expected to reach US$ 82.14 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 52.03 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 6.70% | 2031 Value Projection: | US$ 82.14 Bn |
The global anemometer market has been growing at a rapid pace over the past decade. An anemometer is a device used for measuring wind speed, and is a common meteorological instrument. Growing concerns regarding environment monitoring and climate change studies have fueled the demand for precision-engineered anemometers. Furthermore, sectors such as renewable energy, aviation, marine, construction, etc. rely on anemometers for various applications, which is supporting the market growth. Advancements in sensor technology have enabled manufacturers to develop advanced anemometers with high accuracy and sensitivity. Continued investments in research activities aimed at developing innovative anemometer designs with improved functionality is expected to offer new opportunities in the coming years.
The global anemometer market is experiencing robust growth backed by the rising demand for renewable energy projects across the globe. Growing emphasis on developing non-conventional sources of energy such as wind and solar is propelling the need for anemometers to monitor wind speeds effectively. Further, stringent government regulations regarding environmental monitoring and climate change studies have increased the application of anemometers, thereby driving the market revenues. However, availability of low-cost alternatives and periodic calibration requirements of anemometers are some of the factors disrupting the market growth. On the other hand, ongoing R&D in sensor technologies have led to advanced and smart anemometers with WiFi connectivity and data logging features. Adoption of Internet of Things (IoT) in wind energy sector is also creating new opportunities for industry players.
This report provides in-depth analysis of the global anemometer market and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global Anemometer Market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Ammonit Measurement, Aeroqual, CEM Corporation, Delta Ohm Benelux, FT Technologies, Fortive Corporation, Gill Instruments, Horiba Ltd., IED Electronics, Kusam - Meco, OMEGA Engineering, PCE Holding GmbH, Servomex, Siemens AG, and Teledyne Technologies Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global anemometer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global anemometer market