The wind anemometers market size was valued at US$ 164.31 million in 2022 and is expected to reach US$ 273.32 million by 2030. The wind anemometers market is expected to record a CAGR of 6.6% from 2022 to 2030.
The North American wind anemometers market is segmented into the US, Canada, and Mexico. The US is estimated to hold the largest wind anemometers market share during the forecast period. Wind sensors are widely used in autonomous aircraft vehicles to sense weather changes and perform safer take-offs and landings. With the increase in the adoption of autonomous aircraft vehicles, the demand for wind anemometer is increasing. By knowing the application of wind anemometers, various engineers across the globe are developing wind anemometers for application in autonomous aircraft. For instance, according to the Engineers in August 2022, the engineers developed a wind sensor for autonomous aircraft and drones that is low-energy, low-drag, lightweight, and more sensitive to changes in pressure compared to conventional types. The wind anemometer is widely used in wind turbine projects to monitor wind direction and speed. Across North America, wind turbines play a significant role in producing clean energy. Several entities, such as the United States Wind Turbine Database (USWTDB), provide the locations of land-based and offshore wind turbines in the US. According to the United States Geological Survey, 72,731 turbines cover 43 states (plus Guam and PR). As of the fourth quarter of 2022, the most recent turbines were added to the USWTDB. Further, various market players across North America provide wind anemometer, including R. M. Young and Campbell Scientific, Inc. The presence of such players in North America contributes to the wind anemometers market growth.
The renewable sources of energy in the US are increasing significantly. According to the Regents of the University of Michigan, the US wind industry installed 13,413 megawatts (MW) of new wind capacity in 2021, carrying the cumulative total to 135,886 MW. This is the second-highest wind capacity installed in one year, representing US$ 20 billion of investment. Wind provides more than 9% of electricity nationwide, over 50% in South Dakota and Iowa, and over 30% in Oklahoma, Kansas, and North Dakota. In 2022, renewable energy sources reported ~13.1% of US primary energy consumption. Renewable energy sources accounted for approximately 21.5% of total utility-scale electricity generation. Wind anemometers are widely used to measure wind speed and transmit wind speed data to the controller. Hence, with the growing renewable energy sources, the demand for wind anemometers is increasing significantly in the country, contributing to the wind anemometers market growth.
Based application, the wind anemometers market is segmented into offshore and onshore. The onshore segment held the largest share in the wind anemometers market. The onshore wind power turbines are becoming important due to their electricity generation application. Various countries are using onshore wind power turbines for the generation of electricity. For instance, according to America Clean Power, as of 2022, 70,000 wind turbines across the US were generating clean, reliable power. Wind power capacity totals 146 GW, making it the country's fourth-largest source of electricity generation. The generated wind power is sufficient to serve approximately 46 million American homes as the wind anemometer measures the gas flow in turbulent flow conditions. Thus, the increase in onshore wind power turbines for electricity generation propels the wind anemometers market growth.
The increasing need for advanced instruments for monitoring velocity air pressure is propelling the demand for anemometers globally. The increasing number of wind power projects globally is boosting the demand for wind anemometers. Various players across the globe are providing anemometers for the wind-turbine siting, air-quality monitoring, and other applications. For instance, Kimo Electronic Pvt. Ltd. provides AMI 310 multifunction to measure parameters, including pressure, temperature (Pt100 and thermocouple), humidity, air quality (CO/CO2), air velocity, airflow (vane probes and hot-wire), and tachometry. Thus, the increase in wind power projects and the presence of wind anemometers market players propel the demand for wind anemometers.
LSI LASTEM Srl, Campbell Scientific Inc, Vaisala Oyj, R M Young Co, OTT HydroMet Fellbach GmbH, Gill Instruments Ltd, Adolf This GmbH & Co KG, Theta Instruments Co Ltd, Lambrecht meteo GmbH, Bristol Industrial & Research Associates Ltd, and METEK Meteorologische Messtechnik GmbH are among the key Wind Anemometers Market players that are profiled in this market study.
The overall Wind Anemometers Market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Wind Anemometers Market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Wind Anemometers Market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the wind anemometer market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations such as specific country and segmental insight highlights crucial progressive industry trends in the wind anemometer market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
Companies Mentioned
- LSI LASTEM Srl
- Vaisala Oyj
- R M Young Co
- Gill Instruments Ltd
- Adolf This GmbH & Co KG
- Theta Instruments Co Ltd
- Lambrecht meteo GmbH
- METEK Meteorologische Messtechnik GmbH
- Bristol Industrial & Research Associates Ltd
- Campbell Scientific Inc
- OTT HydroMet Fellbach GmbH
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 159 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 164.31 Million |
| Forecasted Market Value ( USD | $ 273.32 Million |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
