An anemometer is a device used for measuring wind speed and direction. It is widely used in meteorology, aviation, wind power industry and civil engineering applications for measuring wind gusts. Advancements in wireless technology have enabled development of portable and remote sensor anemometers that can transmit wind data to a central station. These devices find widespread usage in studying microclimates, wind resource assessment and monitoring wind loads on tall structures.
The Global Anemometer Market is estimated to be valued at US$ 52.03 billion in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the anemometer market are 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.
Anemometer Market Demand is an investments in renewable wind energy sector present significant growth opportunities in the market. Anemometers play a critical role in wind resource assessment and turbine performance monitoring applications. Technological advancements like integration of LiDAR and ultrasonic technologies have enhanced anemometer precision and reliability.
Market Drivers
Stringent regulations regarding worksite safety are propelling the demand for portable anemometers across industries. These devices help in real-time monitoring of wind conditions to assess worksite risks. Growing construction of tall infrastructures like bridges and skyscrapers also drives the anemometer market. Monitoring of wind loads and dynamic response of these structures requires installation of anemometer arrays. Increasing investments in developing smart urban infrastructure would further fuel the market growth during the forecast period.
Current challenges in Anemometer market
The global anemometer market is facing challenges due to the impact of Covid-19 pandemic across various end use industries such as marine, aviation, wind energy, meteorology, and construction. Lockdown restrictions and supply chain disruptions impacted the demand from these industries. The market players faced challenges related to fulfilling orders on time due to issues like non-availability of raw materials and workforce shortage. High price of high precision anemometers is also a major challenge for their adoption in developing regions.
SWOT Analysis
Strength: Precision and accuracy of digital anemometers makes them a preferred choice. Ability to measure wind speed in various climatic conditions.
Weakness: High cost of maintenance of cup and vane anemometers. Issues related to calibration requirement of sonic anemometers.
Opportunity: Growth in renewable energy sector increases demand for anemometers in wind farms. Met stations and weather monitoring projects open new areas.
Threats: Stiff competition among players impacts pricing. Alternative technologies may replace existing solutions.
Geographical regions
North America accounts for the largest share in the global anemometer market in terms of value. This is attributed to wide usage in various industries including wind energy, aviation, marine, meteorology etc. Asia Pacific is expected to witness the fastest growth during the forecast period supported by increasing investments in renewable energy sector and rapid industrialization.
The European region is also one of the major markets for anemometers due to stringent environment protection norms and focus on developing wind energy projects. Countries like Germany, UK, France, Denmark are leading markets in Europe for anemometers used in wind turbine applications and meteorological stations.
About Author:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. (LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
