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Wind Anemometers Market is expected to reach US$ 273.32 million by 2030

The wind anemometers market size is projected to grow at a CAGR of 6.6% during 2022-2030, to surpass USD 273.32 million by 2030, from USD 164.31 million in 2022

By The Insight Partners

Growing Awareness of Climate Change Boosts Wind Anemometers Market Growth

According to our latest study on “Wind Anemometers Market Size and Forecast (2020–2030), Global and Regional Share, Trends, and Growth Opportunity Analysis – by Measuring Type, Anemometers Type, and Application,” 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.

Many countries have set climate goals, including increasing renewable energy capacity and reducing greenhouse gas emissions. According to the UN Environment Programme, ~66% of electricity generation and 80% of global energy are generated from fossil fuels, contributing ~60% of the greenhouse gas (GHG) emissions accountable for climate change. A shift to cleaner forms of energy has already begun in many countries. Wind power is a clean and renewable energy source. To spin a generator and create electricity, wind turbines use mechanical power to control energy from the wind. Not only is wind an inexhaustible and abundant resource, but it also gives electricity without polluting the air or burning any fuel. Wind continues to be a substantial source of renewable power globally, which helps reduce reliance on fossil fuels. In the US, wind energy helps avoid 329 million metric tons of CO2 emissions per year, equivalent to emissions worth 71 million cars, along with other atmospheric emissions that cause acid rain, smog, and greenhouse gases.

Wind Anemometers Market – by Region, 2022 and 2030

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00015336

Source: The Insight Partners Analysis

Governments of various countries are taking initiatives to reduce carbon emissions. For instance, in January 2022, the Government of India announced more aspiring targets for 2030, including reducing the emissions intensity of its economy by 45%, installing 500 gigawatts of renewable energy capacity, and reducing a billion tonnes of CO2. Similarly, the European Parliament adopted the European Climate Law to deal with climate change, which raises the EU's goal of reducing net greenhouse gas emissions by at least 55% by 2030 (from the current 40%) and makes climate neutrality by 2050 legally binding. Wind anemometers are essential for assessing wind energy potential at specific locations, and to align with these, the demand for these devices is increasing. Hence, the growing awareness of climate change is bolstering the wind anemometers market growth.

The wind anemometers market is categorized based on measuring type, anemometers type, application, and geography. Based on measuring type, the wind anemometers market is segmented into velocity anemometers and pressure anemometers. By anemometers type, the wind anemometers market is segmented into mechanical, ultrasonic, and others. Based on application, the wind anemometers market is categorized into offshore and onshore. The wind anemometers market, based on geography, is categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

LSI LASTEM Srl, Campbell Scientific Inc, Vaisala Oyj, R M Young Co, OTT HydroMet Fellbach GmbH, Gill Instruments Ltd, Adolf Thies GmbH & Co KG, Theta Instruments Co Ltd, Lambrecht meteo GmbH, Bristol Industrial & Research Associates Ltd, and METEK Meteorologische Messtechnik GmbH are among the key players operating in the wind anemometers market.

 

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