Report : South & Central America Wind Anemometer Market Forecast to 2030 - Regional Analysis - by Measuring Type (Velocity Anemometers and Pressure Anemometers), Anemometers Type (Mechanical, Ultrasonic, and Others), and Application (Onshore and Offshore)
At 3.3% CAGR, South & Central America Wind Anemometer Market is Projected to be Worth US$ 6.95 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the South & Central America wind anemometer market was valued at US$ 5.38 million in 2022 and is expected to reach US$ 6.95 million by 2030, registering a CAGR of 3.3% from 2022 to 2030. Development of advanced and innovative wind anemometers and increasing in use of wind anemometers in aviation and weather monitoring applications are among the critical factors attributed to the South & Central America wind anemometer market expansion.
Advanced anemometers offer higher levels of accuracy in measuring wind speed and direction, which is essential for various applications, including wind energy generation. This increased accuracy provides more reliable data and better decision-making. Advanced and innovative anemometers can enhance the efficiency of wind turbines, leading to higher energy production and lower operational costs. Developing new sensor technologies, such as lidar-based anemometers, can open opportunities for more compact, versatile, and cost-effective solutions. The newly developed advanced anemometers are designed like an airplane wing with integrated sensors. These sensors help detect the wind's speed and the direction through the movement. In construction, transportation, and offshore operations, precise wind data is crucial for safety and infrastructure planning. Advanced anemometers can contribute to risk mitigation and improved safety protocols.
Furthermore, integration with Internet of Things (IoT) platforms and data analytics can enhance the capabilities of wind anemometers. IoT plays a significant role in selecting the most suitable location for installing wind turbines. Meteorological sensors will respond to real-time weather conditions and are designed to monitor specific environmental parameters such as wind direction, wind speed, and ambient direction. Data obtained from IoT is transformed into actionable information to enhance wind turbine performance, driving wind energy costs down and reducing overall risk. Hence, the development of advanced and innovative wind anemometers is expected to provide a great opportunity for the wind anemometer market growth.
On the contrary, high initial investment and maintenance costs hampers the growth of South & Central America wind anemometer market.
Based on measuring type, the South & Central America wind anemometer market is bifurcated into velocity anemometers and pressure anemometers. The velocity anemometers segment held 65.8% share of the South & Central America wind anemometer market in 2022, amassing US$ 3.54 million. It is projected to garner US$ 4.74 million by 2030 to expand at 3.7% CAGR during 2022-2030.
Based on anemometers type, the South & Central America wind anemometer market is segmented into mechanical, ultrasonic, and others. The mechanical segment held 72.9% share of the South & Central America wind anemometer market in 2022, amassing US$ 3.92 million. It is projected to garner US$ 4.96 million by 2030 to expand at 3.0% CAGR during 2022-2030.
In terms of applications, the South & Central America wind anemometer market is bifurcated into onshore and offshore. The onshore segment held 91.7% share of the South & Central America wind anemometer market in 2022, amassing US$ 4.93 million. It is projected to garner US$ 6.34 million by 2030 to expand at 3.2% CAGR during 2022-2030.
Based on country, the South & Central America wind anemometer market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil held 75.4% share of South & Central America wind anemometer market in 2022, amassing US$ 4.05 million. It is projected to garner US$ 5.38 million by 2030 to expand at 3.6% CAGR during 2022-2030.
Key players operating in the South & Central America wind anemometer market are Vaisala Oyj, Gill Instruments Ltd, Lambrecht meteo GmbH, and Campbell Scientific Inc, among others.
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