The Global Anemometer Market is driven by Increasing Demand from Construction and Aerospace Industries
An anemometer is a device that measures wind speed and direction. It measures the strength and speed of winds which aids in monitoring and navigating the weather. With a variety of types including digital, analog, ultrasonic available in the market, anemometers find wide applications across diverse industries such as construction, aerospace, meteorological stations etc. Owing to their lightweight and compact features, anemometers are increasingly being deployed to track wind speeds associated with industrial equipment, machines and tools.
The Global Anemometer Market is estimated to be valued at US$ 9.90 billion in 2024 and is expected to exhibit a CAGR of 7.6% over the forecast period from 2024 to 2030.
Key Takeaways
Key players operating in the Anemometer Market Growth are B. Braun Melsungen AG, Baxter International Inc., Werfen, Ambu A/S, Avanos Medical Inc., NIPRO, and Progressive Medical, Inc. These players are focusing on new product launches and partnerships to expand their global footprint.
The growing demand for anemometers from the construction industry for monitoring air flows in tunnels and bridges as well as from the aerospace industry for optimization of aircraft performance is propelling the market growth. Moreover, rising installation of anemometers at metrological monitoring stations globally to gather wind speed and direction data will further aid in the market expansion.
Rapid infrastructural developments across emerging economies of Asia Pacific and Latin America have accelerated the demand for anemometers in construction projects. In addition, increasing government investments towards establishing weather forecasting networks is anticipated to drive the global anemometer market during the forecast period.
Market Drivers
The increasing demand from the construction and aerospace industries is one of the key drivers of the global anemometer market. In construction, anemometers help engineers to determine airflows for accurate ventilation calculations in tunnels and bridges. Whereas in aerospace, anemometers are extensively used to optimize aircraft performance and efficiency by monitoring wind speeds and direction during flights. Thus, the rising infrastructure projects and aircraft orders globally are fueling the demand for anemometers.
Impact of geopolitical situation on Anemometer Market growth
The anemometer market is facing several challenges due to the ongoing geopolitical instabilities across various regions. The rising political tensions between global superpowers like the US and China are disrupting international trade and commerce. This is negatively impacting the movement of key components and materials required for anemometer manufacturing on a global scale. Moreover, the Russia-Ukraine conflict has led to sanctions on Russia by Western nations, adversely affecting supply chain activities in Eastern Europe. The market players need to diversify their supplier networks and reconsider production strategies to minimize overdependence on constrained geographies.
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