Global Weather Forecasting Services Market Outlook and Forecast to 2021 - PowerPoint PPT Presentation

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Global Weather Forecasting Services Market Outlook and Forecast to 2021

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The Weather Forecasting Services Market is projected to grow from $1.10 Billion in 2016 to $1.56 Billion by 2021, at a CAGR of 7.15% during the forecast period. – PowerPoint PPT presentation

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Title: Global Weather Forecasting Services Market Outlook and Forecast to 2021


1
According to the new market research report
Weather Forecasting Services Market is projected
to grow from 1.10 Billion in 2016 to 1.56
Billion by 2021, at a CAGR of 7.15 during the
forecast period. The base year considered for
the report is 2015, and the forecast period is
from 2016
to 2021. report, the forecasting
In this weather services
market has been categorized into three key
segments, namely, industry, purpose, and forecast
type. Download PDF Brochure _at_ https//www.marketsa
ndmarkets.com/pdfdownloadNew.asp?id218398014 The
report offers revenue forecasts and analyzes
industry trends that are predominant in this
market. On the basis of industry, the market has
been classified into renewable energy, shipping,
aviation, oil gas, media, agriculture,
insurance, retail, utilities, and others. The
renewable energy segment is expected to grow at a
highest CAGR from 2016 to 2021. In 2016, the
renewable energy segment is estimated to account
for the largest share of the market, owing to
importance of renewable energy segment in
determining the demand and supply of energy
commodities. Based on purpose, the weather
forecasting services market has been divided into
operational efficiency, safety, and others. The
operational efficiency segment is estimated to
lead the market during the forecast period. Wind
energy firms need weather forecasting services
for efficient output solar energy plants need
weather forecasting services for estimating
power output and the shipping industry needs
weather forecasting services to determine
economical and safe routes. Likewise, other
industries also use weather forecasting service
to optimize their operations and increase their
economic viability. On the basis of forecast
type, the weather forecasting services market has
been classified into short range, medium range,
and long range. The medium range segment of the
market is projected to grow at a highest CAGR
during the forecast period. Introduction of
advanced data analytics and machine learning
techniques for computers have increased accuracy
and reliability of weather forecasts over medium
range. These technological advancements have
fueled the growth of the medium range segment of
the market.
2
The weather forecasting services market has been
studied in five major regions, namely, North
America, Europe, Asia-Pacific, Middle East
North Africa (MENA), and the rest of the world.
The Asia-Pacific region is estimated to account
for the largest share in the market in 2016.
This market in the Asia-Pacific region is
anticipated to grow at the highest CAGR during
the forecast period. Factors such as growth of
air sea transport, dependency on rainfall for
water, improvement in economic conditions of
various countries in the Asia-Pacific region,
and increase in concerns for safety security
are driving the Asia-Pacific weather forecasting
services market. However, aspects such as complex
process of forecasting and uncertainty of
forecasts may limit the growth of the
Asia-Pacific market. Major players in the weather
forecasting services market are StormGeo
(Norway), BMT Group (U.K.), Fugro (Netherlands),
ENAV S.p.A (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.). Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id218398014 About MarketsandMarkets Mar
ketsandMarkets provides quantified B2B research
on 30,000 high growth niche opportunities/threats
which will impact 70 to 80 of worldwide
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customers worldwide including 80 of global
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flagship competitive intelligence and market
research platform, "Knowledgestore" 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. Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
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