Market Overview:
Cloud seeding involves spraying chemical particles like silver iodide, salt or dry ice into clouds to artificial induce rainfall. It aims to increase precipitation and enhance rainfall, artificially for strategic and humanitarian reasons. Cloud seeding is used extensively to supplement natural precipitation and artificial production of rain plays a vital role in addressing water scarcity.

The Cloud seeding Market is estimated to be valued at US$ 134 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the major trends driving the growth of cloud seeding market is increasing demand for artificial rainfall production. Cloud seeding enhances snowfall accumulation in the mountains, which eventually feeds into reservoirs and helps in addressing water shortages. Growing water crisis across regions due to a decrease in natural precipitation is fueling the adoption of cloud seeding techniques. Moreover, factors like changing climatic conditions, depleting natural water resources and increasing demand from agriculture sector are augmenting the growth of this market. Countries in Asia Pacific and Middle East are particularly focusing on utilizing cloud seeding methods extensively to meet rising demand for water from various end use industries.

Porter’s Analysis
Threat of new entrants: The cloud seeding market has a moderate threat of new entrants as extensive research and investment are required to establish operations. However, the market shows high growth potential encouraging new companies to enter.
Bargaining power of buyers: The bargaining power of buyers is moderate as the demand for cloud seeding operations stems from specific industries like aerospace, defense, aviation etc. that have set quality standards and procure services from established players.
Bargaining power of suppliers: The bargaining power of suppliers is low due to the availability of alternatives and undifferentiated products. Suppliers face pressure on pricing from buyers.
Threat of new substitutes: There is a low threat from substitutes as cloud seeding has established itself as a viable technology to induce precipitation for water resource management with no close substitutes.
Competitive rivalry: High owing to the presence of several regional and global companies competing for market share.

SWOT Analysis
Strength: Cloud seeding is a cost-effective technique for water augmentation and has proven record of success. Established companies have tech expertise and global presence.
Weakness: Heavily dependent on weather conditions, precise timing and measurements. High investment and complex execution.
Opportunity: Increasing freshwater scarcity drives nations to explore new water sources. Growing agriculture & aviation sectors present large addressable market.
Threats: Strict regulations around weather modification. Adverse weather caused by incorrect execution can lead to lawsuits.

Key Takeaways
The Global Cloud Seeding Market Size is expected to witness high growth, exhibiting CAGR of 5.8% over the forecast period, due to increasing freshwater scarcity across regions. North America dominates currently due to extensive cloud seeding operations in the western U.S. states and the Canadian plains region accounting for over 25% market share in 2023.

Regional analysis Asia Pacific region is expected to be the fastest growing market during the forecast period. Several countries like China, India and Middle Eastern nations are increasingly adopting cloud seeding practices to enhance rainfall and manage water resources.

Key players operating in the cloud seeding market include Weather Modification International, North American Weather Consultants, Seeding Operations and Atmospheric Research (SOAR), National Center for Atmospheric Research (NCAR), Aquiess, Ice Crystal Engineering, Weather Modification, Inc., Meteo Systems, Atmospheric Systems Corporation, Snowy Hydro Limited, Sinopec Group, Fujian Shaowu Cloud Seeding General Office, Oman Power and Water Procurement Company (OPWP), Beijing Weather Modification Office, Desert Research Institute (DRI).

For More Insights, Read: https://www.newswirestats.com/cloud-seeding-market-demand-growth-and-regional-outlook-by-2030/