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 - Global
Forecast to 2021”
Download PDF Brochure: https://bit.ly/2HzfnKq
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.
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.
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.).
Contracts, new product launches, expansions, partnership, collaborations, and
agreements are the major growth strategies adopted by the players to strengthen
their position in the weather forecasting services market.
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