Weather Forecasting Services Market Expected to Reach $1.56 Billion by 2021, at a CAGR of 7.15%, Over 2016–2021 - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Weather Forecasting Services Market Expected to Reach $1.56 Billion by 2021, at a CAGR of 7.15%, Over 2016–2021

Description:

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. – PowerPoint PPT presentation

Number of Views:10

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Weather Forecasting Services Market Expected to Reach $1.56 Billion by 2021, at a CAGR of 7.15%, Over 2016–2021


1
Weather Forecasting Services Market Expected to
Reach 1.56 Billion by 2021, at a CAGR of
7.15, Over 2016 2021
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.
Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id218398014
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
2
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.
Ask for Sample Report _at_
https//www.marketsandmarkets.com/requestsampleNew
.asp?id218398014
Key Market Players
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.
Dont miss out on business opportunities in
Weather Forecasting Services Market.
Speak to our analyst and gain crucial industry
insights that will help your business
grow.
About MarketsandMarkets
MarketsandMarkets provides quantified B2B
research on 30,000 high growth niche
opportunities/threats which will impact 70 to
80 of worldwide companies revenues.
Currently servicing 5000 customers worldwide
including 80 of global Fortune 1000
3
companies as clients. Almost 75,000 top officers
across eight industries worldwide
approach MarketsandMarkets for their pain points
around revenues decisions.
Our 850 fulltime analyst and SMEs at
MarketsandMarkets are tracking global high
growth markets following the "Growth Engagement
Model GEM". The GEM aims at
proactive collaboration with the clients to
identify new opportunities, identify most
important customers, write "Attack, avoid and
defend" strategies, identify sources of
incremental revenues for both the company and its
competitors. MarketsandMarkets
now coming up with 1,500 Micro Quadrants
(Positioning top players across leaders,
emerging companies, innovators, strategic
players) annually in high growth emerging
segments. MarketsandMarkets is determined to
benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations/disruptions
early to the market by providing them research
ahead of the curve.
MarketsandMarketss flagship competitive
intelligence and market research platform,
"RT" connects over 200,000 markets and entire
value chains for deeper understanding
of the unmet insights along with market sizing
and forecasts of niche markets.
Contact Mr. Shelly Singh MarketsandMarkets INC.
630 Dundee Road Suite 430 Northbrook, IL 60062
USA 1-888-600-6441 Email Newsletter_at_marketsand
markets.com
About PowerShow.com