The global anemometer market size is expected to value USD 77.9 billion in 2033 exhibiting a CAGR of 6.5% in the forecast period from 2023 to 2033. High demand for technologically advanced instruments for quality, velocity, and air pressure monitoring is set to drive the market in the upcoming decade.
As per FMI, sales of anemometers are likely to reach USD 41.5 billion in 2023. The surging use of anemometers for tracking air pollution and weather conditions is another crucial factor that is likely to spur the market in the future.
| Report Attribute | Key Statistics |
|---|---|
| Anemometer Market Estimated Base Year Value (2022) | USD 39 billion |
| Anemometer Market Expected Value (2023) | USD 41.5 billion |
| Anemometer Market Anticipated Forecast Value (2033) | USD 77.9 billion |
| Anemometer Market Projected Growth Rate (2023 to 2033) | 6.5% CAGR |
Anemometer is referred to as a unique device that can measure the speed of wind. Also called a general weather station instrument, it is used to identify and observe changes in the physical properties of a fluid.
Anemometers can detect the impact of fluids on a mechanical device or equipment integrated into a flow. Further, they are capable of measuring the velocity of air or gases either in an unconfined flow such as atmospheric wind, or in a contained flow that contains airflow in a duct.
The rising number of wind energy projects across the globe is set to drive the global anemometer market size in the upcoming decade. Further, supportive regulatory policies for such projects and surging consumption of wind energy worldwide are also set to aid growth.
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Rising air pollution levels in both developed and developing countries are expected to propel the need for novel air quality monitoring equipment to prevent airborne diseases. Further, governments of various countries are set to provide funds to manufacturers to develop new air quality monitoring products, which might augment the global anemometer market growth in the future.
As per the World Health Organization (WHO), seasonal influenza causes around 290,000 to 650,000 respiratory deaths across the globe every year. The majority of the deaths related to influenza occur among people belonging to the age group of 65 years and above in industrialized countries. Also, these numbers are estimated to expand at a significant pace and thus the need for anemometers is likely to surge in the next decade.
Anemometers can get damaged due to strong winds and thus protection should be taken while installing the instrument. Propeller anemometers often freeze under cold weather in the associated parts of blades and fuselage. Also, it can lead to different problems during real-time weather observation tasks and can create a long-term lack of weather information.
Driven by the aforementioned cons, demand for anemometers may get hampered in the evaluation period.
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Based on region, sales of anemometers are expected to remain the highest in North America. Growth is mainly attributed to increasing demand for hot wire anemometers across the United States and Canada for detecting and measuring velocities of gases and wind.
Ongoing development of state-of-the-art anemometers containing both wind speed and wind direction sensors is another vital factor that is set to spur the regional market. North America accounted for a market share of 43% in 2022.
The rapid expansion of various end-use industries such as oil & gas and chemical across North America is projected to aid growth. As per the United States Energy Information Administration (EIA), in March and April 2022, field production of crude oil was 11,688 and 11,628 thousand barrels per day in the United States, respectively. These numbers are set to surge in the next decade with rising oil and gas exploration activities in the country, which would propel the regional market.
Asia Pacific is expected to remain in the second position by generating a considerable anemometer market share in the assessment period. China, being the global wind power leader, is anticipated to lead the Asia Pacific market, followed by India, Taiwan, South Korea, and Japan.
The easy availability of raw materials and relatively low cost of labor in developing countries such as India are likely to push the entry of various international companies.
According to the India Brand Equity Foundation (IBEF), the country’s energy demand is set to reach 15,820 TWh by 2040 and the government is aiming to develop renewable energy capacity of nearly 523 GW by 2030, including 73 GW from hydro. Besides, in January 2022, power generation from renewable energy sources was valued at 13.15 billion units, as compared to 11.51 billion units in January 2021.
Spurred by the aforementioned trends, the use of anemometers is estimated to surge across the Asia Pacific. The market in India is anticipated to grow at a CAGR of 6.3%.
Anemometers monitoring wind speed and direction is critical for secure takeoffs, landings, and in-flight activities. These instruments offer real-time weather tracking and wind evaluation, allowing pilots and air traffic controllers to make informed decisions and improve flight safety. Therefore, the aviation segment is poised to expand significantly with a CAGR of 7%.
Based on the Bureau of Transportation Statistics, the total number of passengers transported by the United States airlines in 2022 increased by 194 million over the year prior, reflecting a stunning 30% year-to-year growth.
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Some of the leading companies present in the global anemometer market include OMEGA Engineering, Siemens AG, Servomex, Thermo Fisher Scientific Inc., Kusam – Meco, Aeroqual, Horiba Ltd., Fortive Corporation, PCE Holding GmbH, CEM Corporation, Vaisala, and Teledyne Technologies Inc. among others.
Leading players are increasingly focusing on research and development activities to launch cutting-edge products to cater to the high consumer demand. Additionally, they are also expanding their manufacturing facilities in untapped areas to increase sales and generate high shares. Some of the other key players are engaging in mergers and acquisitions, collaborations, contracts, and agreements to co-develop novel products and compete with their rivals.
| Report Attribute | Details |
|---|---|
| Expected Market Value (2023) | USD 41.5 billion |
| Market Anticipated Forecast Value (2033) | USD 77.9 billion |
| Growth Rate | CAGR of 6.5% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Equipment Type, Application, End Use, Modularity, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; The Middle East and Africa |
| Key Countries Profiled |
The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | OMEGA Engineering; Siemens AG; Servomex; Thermo Fisher Scientific Inc.; Kusam – Meco; Aeroqual; Horiba Ltd.; Fortive Corporation; PCE Holding GmbH; CEM Corporation; Vaisala; Teledyne Technologies Inc. |
| Customization | Available Upon Request |
The growing environmental awareness is increasing current market trends.
The aviation sector holds high revenue potential.
The United States, India, and Japan are estimated to dominate the global market.
The market is forecast to register a CAGR of 6.5% through 2033.
The market registered a CAGR of 6.5% from 2018 to 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Equipment Type 5.1. Pressure Anemometer 5.2. Tube Anemometer 5.3. Plate Anemometer 5.4. Velocity Anemometer 5.5. Cup Anemometer 5.6. Hot-Wire Anemometer 5.7. Vane Anemometer 6. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Onshore 6.2. Offshore 7. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Weather Station 7.2. Aerospace Engineering 7.3. Wind Generation Station 7.4. Mining Industries 7.5. Construction Field 7.6. Agriculture 7.7. Aviation 7.8. Oil & Gas Industries 7.9. Marine 8. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Modularity 8.1. Stationary 8.2. Portable 9. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. OMEGA Engineering 19.2. Siemens AG 19.3. Servomex 19.4. Thermo Fisher Scientific Inc. 19.5. Kusam – Meco 19.6. Aeroqual 19.7. Horiba Ltd. 19.8. Fortive Corporation 19.9. PCE Holding GmbH 19.10. CEM Corporation 19.11. Vaisala 19.12. Teledyne Technologies Inc. 20. Assumptions & Acronyms Used 21. Research Methodology
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Anemometer Market
