The anemometer market comprises instruments that are used to measure wind speed and air flow. Anemometers are devices equipped with rotating cups, propellers or pressure sensors that gauge wind speed. Advantages of anemometers include precise and accurate readings, simple operation and affordable costs. With increasing commercial aviation and expansion of airports, demand for anemometers is rising from the aerospace industry to monitor wind patterns and aid in aircraft landing and take-off operations.
The global anemometer market is estimated to be valued at US$ 9.90 billion in 2024 and is expected to exhibit a CAGR of 7.6% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Anemometer Market Demand are B. Braun Melsungen AG, Baxter International Inc., Werfen, Ambu A/S, Avanos Medical Inc., NIPRO, and Progressive Medical, Inc.
Growing demand from the aerospace sector is a major factor driving the anemometer market. Rapid expansion of airports and commercial aircraft fleet size is necessitating continual monitoring of wind conditions. Requirement for precision wind measurement is also increasing from meteorological stations and wind turbine manufacturers.
Technological advancements in anemometer design include integration of sonic sensors, Bluetooth connectivity and compact portable formats. Miniaturization and development of wireless anemometer systems are providing increased accuracy and convenience to end users.
Market Trends
The shift towards smart anemometers integrated with advanced analytics is a key trend witnessed in the market. Connectivity to mobile apps and cloud-based data logging is enhancing accessibility of wind data.
Customized solutions catering to site-specific requirements are also gaining traction. Sensors embedded into aerodynamic surfaces or unmanned vehicles expand the scope of applications.
Market Opportunities
Rising investments in renewable wind energy projects worldwide presents lucrative opportunities. Demand is expected to surge from wind turbine manufacturers for performance monitoring and turbine optimization.
Growing air quality monitoring networks especially in urban areas will boost the need for anemometers. Emergence of novel applications in agriculture, occupational safety and sport also opens new avenues over the forecast period.
Impact of COVID-19 on Anemometer market growth
The outbreak of COVID-19 pandemic negatively impacted the anemometer market in 2020. Governments imposed lockdowns that disrupted manufacturing facilities and supply chains. Demand from end-use industries like oil & gas, mining, and renewables declined significantly due to project delays and shutdowns. Even as restrictions eased in 2021, supply chain issues and labor shortages persisted. This adversely affected market revenues during the period.
However, with mass vaccination programs and economy reopening, the anemometer market is recovering steadily post pandemic. Demand from construction, infrastructure and industrial sectors is picking up again as projects resume. Investments in renewable sector are also rising as countries focus on transitioning to green energy sources. This is boosting demand for anemometers to measure wind speeds for potential wind farm sites. Manufacturers are scaling up production and enhancing distribution channels to cater to the growing needs. While challenges of high input costs and uncertain geopolitical environment still remain, the market is well positioned to regain pre-COVID growth levels in the coming years supported by government spending on clean energy projects.
Geographical concentration of Anemometer market
In terms of value, North America currently dominates the global anemometer market holding over 30% share, led by the U.S. Presence of major wind farm projects and demand from oil & gas industry have propelled market growth in the region. Europe is the second largest market with Germany, UK and Norway being major countries. Growth in renewables sector is driving market revenues across Europe.
Asia Pacific is emerging as the fastest growing regional market for anemometers globally. Rising investments in wind and solar farms to meet clean energy targets in China, India and Southeast Asian countries are fueling demand. Southeast Asian nations like Indonesia, Malaysia and Vietnam in particular offer lucrative opportunities for market players given their ambitious renewable energy expansion plans. With supportive policies and rapid industrialization, the Asia Pacific anemometer market is projected to outpace other regions over the coming years.
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