Weather Forecasting Services Market Opportunities and Challenges by 2021

1
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. 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. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id218398014 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 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
2
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. 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.). Ask for Sample Report
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ew.asp?id218398014 About MarketsandMarkets Mar
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