Global Anemometer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Anemometer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An anemometer is an instrument used to measure the wind speed and pressure of a gas in an enclosed flow (such as airflow in a duct) or an unrestricted flow (such as atmospheric wind). There are many different types of anemometers, and they all work by measuring the force of the wind on a moving object. Anemometers are an important tool for meteorologists who study weather patterns. They are also important to the work of physicists who study how air moves.

Market Overview:

The latest research study on the global Anemometer market finds that the global Anemometer market reached a value of USD 495.85 million in 2022. It’s expected that the market will achieve USD 733.33 million by 2028, exhibiting a CAGR of 6.74% during the forecast period.

Increasing demand for wind energy

The development and utilization of new energy and renewable energy are of important strategic measures to solve energy and environmental problems. Among many renewable energy sources, wind power generation technology is by far one of the most suitable technologies for large-scale power generation, and the application of power electronics technology in wind power generation can greatly improve the operating characteristics of wind turbines. It also plays an important role in normal operations. Wind energy is one of the most reliable and affordable renewable energy sources, and its popularity is growing day by day. In recent years, there has been an increase in awareness about renewable energy sources, which has led to an increase in the adoption of anemometers across the globe. Moreover, the development of new technologies and innovative techniques has helped to increase the level of accuracy and efficiency associated with anemometers, which is expected to drive the growth of the anemometer market over the next few years.

COVID-19 poses challenges to global anemometer market development

The global anemometer market has seen a significant decline amid the COVID-19 pandemic. Several industries, including oil and gas, construction, and aerospace, are not doing as well as they used to due to the nationwide lockdown. As a result, sales of anemometers in these verticals have been slow and have remained stagnant for several months since the onset of the pandemic. However, the gradual lifting of the epidemic situation and the close cooperation of governments with stakeholders to realize the consequences of the recovery of the manufacturing and construction industries are expected to further strengthen the demand for the anemometer market shortly.

Region Overview:

In 2022, the share of the Anemometer market in North America stood at 32.42%.

Company Overview:

Gill Instruments is one of the major players operating in the Anemometer market, holding a share of 9.97% in 2023.

Segmentation Overview:

By type, Velocity Anemometer segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Weather Monitoring segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Anemometer market covered in Chapter 3:

Campbell Scientific
IED Electronics
RM Young
Vaisala
NRG Systems
Ammonit Measurement
Lufft
FT Technologies
Gill Instruments
Delta OHM 
PCE Deutschland
Met One
LCJ Capteurs
Maretron

In Chapter 4 and Chapter 14.2, on the basis of types, the Anemometer market from 2018 to 2029 is primarily split into:

Velocity Anemometer
Pressure Anemometer
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Anemometer market from 2018 to 2029 covers:

Weather Monitoring
Wind Generation
Aerospace and Aviation
Construction Field
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)