Weather Forecasting Services Market by Industry, Purpose, Growth, Trends and Region -Global Forecast
Posted: May 12, 2019
The report "Weather Forecasting Services Market by Industry (Renewable Energy, Oil & Gas, Shipping, Media, Agriculture, Insurance, Retail, Aviation), Purpose (Safety, Operational Efficiency), Forecasting Type (Short, Medium, Long) and Region - Global Forecast to 2021", The weather forecasting services market is projected to grow from USD 1.10 Billion in 2016 to USD 1.56 Billion by 2021, at a CAGR of 7.15% during the forecast period.
Browse 75 market data tables and 52 figures spread through 159 pages and in-depth TOC on "Weather Forecasting Services Market"
Early buyers will receive 10% customization on this report.
Factors such rapid industrialization, growth in transportation (aviation and shipping), constant measures to reduce emission of greenhouse gases, increase in the production of clean energy (renewable energy), and increase in demand for more reliable and accurate weather forecast are some of the key factors that are expected to drive the weather forecasting services market during the forecast period.
Download PDF Brochure @
Based on industry, the renewable energy segment is expected to lead the weather forecasting services market during the forecast period
On the basis of industry, the weather forecasting services market has been segmented into renewable energy, oil & gas, shipping, media, agriculture, insurance, retail, aviation, utility, and others. The renewable energy segment is expected to lead the weather forecasting services market during the forecast period. Increase in electricity consumptions and energy requirements for domestic use, and all countries around the globe are facing several challenges in meeting the increased energy demand. Governments are deploying renewable energy efficiently to supplement energy requirements of countries, thereby reducing the emission of greenhouse gases and producing clean energy. All these factors have fueled the growth of the renewable energy industry globally.
Based on purpose, the operational efficiency segment is expected to grow at the highest CAGR during the forecast period
The weather forecasting services market has been segmented on the basis of purpose into operational efficiency, safety, and others. The operational efficiency segment is anticipated to grow at the highest CAGR during the forecast period. It is expected to lead the weather forecasting services market on account of its purpose of efficiency and economic viability. Increasing demand for renewable energy power plants, growth in international trade between countries, and transportation (shipping and aviation) have resulted in increase in demand for operational efficiency.
The Asia Pacific weather forecasting services market is expected to grow at the highest CAGR during the forecast period
The weather forecasting services market in Asia-Pacific is estimated to account for the largest share in 2016. The weather forecasting services market in Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period. Factors such as growth in air & sea transport, dependency on rainfall for water, constant measures to increase the production of clean energy, improving economic conditions in the Asia-Pacific region, and increasing concerns for safety & security are driving the Asia-Pacific weather forecasting services market.
Ask for Sample Report @
Key Market Players
Major players operating in the weather forecasting services market are StormGeo (Norway), BMT Group (U.K.), Fugro (Netherlands), ENAV spa (Europe), The Weather Company (U.S.), Global Weather Company (U.S.), Mateoblue (U.S.), Precision Weather (U.S.), METEO Group (U.K.), and Met Office (U.K.).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.