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Renewable Energy Sources are Being Adopted at a Faster Rate to Drive Weather Monitoring Network Market
The accelerating uptake of renewables worldwide will remain the predominant factor fuelling weather monitoring network market. Governments all over the world have recently launched projects to increase the capacity and output of renewable energy, as an alternative to fossil fuels, to meet the world's fast expanding energy demand, without harming the environment or triggering catastrophic climate change. To encourage the use of renewable energy, the administration has begun awarding grants and tax incentives, as well as formulating and implementing a variety of other benefits. According to International Renewable Energy Agency (IRENA).org, the global renewable power capacity was estimated to be 2537 GW in 2020. With 1190 GW, hydropower accounted for the highest percentage of the global total. With 623 GW and 586 GW, respectively, wind and solar energy accounted for most of the remaining energy. 124 GW of bioenergy, 14 GW of geothermal, and 500 MW of marine energy were among the other renewables.
Despite global uncertainty, renewable energy continued to grow and gain momentum, according to the International Renewable Energy Agency (IRENA). Global renewable generation capacity increased to 3 064 Gigawatt (GW) by the end of 2021, boosting the stock of renewable energy. IRENA's Renewable Capacity Statistics 2022 reveals that solar and wind continue to dominate new generating capacity, despite hydropower accounting for the biggest share of global total renewable generation capacity (1 230 GW). In 2021, these technologies combined accounted for 88 percent of all new renewable capacity. With a 19% growth in capacity, solar energy took the lead, followed by wind energy, which boosted its generating capacity.
Due to over reliance on the weather, renewable energy output, particularly from wind and solar power, is unpredictable. Companies that provide weather forecasting systems provide the most crucial scheduling input, as accurate weather forecasts are critical for scheduled operations to produce best results. In addition, electricity generators use modelling, historical data, machine learning, and weather forecasting to forecast future demand. As a result, the demand for accurate weather forecasts to boost renewable energy generation is likely to continue throughout the forecast period, propelling weather monitoring network market for weather forecasting systems.
Inclination for Knowing the Weather Conditions (to Plan Activities) Make it Ideal for the Weather Monitoring Network
The daily temperature is expected to be the fastest-growing segment of the weather monitoring network market over the forecast period. It gives people advance notice of impending weather conditions so that they can organise their activities accordingly. It alerts people of oncoming severe weather and other weather threats such as thunderstorms, hurricanes, and heavy rain. Using an infrared sensor pointing at the ground, each USCRN station detects surface temperature in degrees Celsius. The datalogger averages two-second thermocouple-measured temperature measurements every five minutes to provide 5-minute results. Weather forecasts are now more accurate than they have ever been. A 5-day weather forecast now is as reliable as a 2-day forecast 20 years ago, according to the World Meteorological Organization (WMO). This is because today's forecasters collect meteorological data using cutting-edge technology and the world's most powerful computers. Data and computers are combined to construct complex models that better characterise atmospheric conditions. These models can be designed to predict atmospheric and weather changes. Weather forecasts continue to be erroneous despite these developments. Weather is extremely difficult to predict because it is such a complex and unpredictable phenomenon.
Growing Investments in Weather Forecasting Technologies to Drive Growth of Weather Monitoring Network Market in Asia Pacific
Asia Pacific will be the largest user of weather monitoring network throughout the forecast period. is mostly driven by countries in this region's increased focus on growing investments in weather forecasting systems technologies. Furthermore, regional economies have undertaken several projects linked to the creation of sustainable and renewable energy to protect the environment and avoid future energy crises. Due to the vulnerability of most renewable energy sources to weather fluctuations, the need to maximise energy output mandates the adoption of sophisticated weather monitoring and forecasting systems to assure optimal output, pushing the weather monitoring network market in the region.
Due to the unrelenting rate of population growth and growing industrialisation, both of which have an impact on the entire environment, the region is also on a favourable trajectory. China, and India, for example, are expected to provide significant investment potential for leading players in the worldwide weather monitoring network market.
Global Weather Monitoring Network Market: Competitive Landscape
Companies in the market are introducing new products alongside initiation collaborations, alliances, and partnership agreements. For instance, in October 2021, The Vaisala AWS810 Automatic Weather Station was created to assist cities throughout the world in keeping their citizens safe and secure. The Vaisala AWS810 Automatic Weather Station is a comprehensive measurement, communication, and data monitoring system that makes building, administering, and maintaining modern observation networks straightforward. On the other hand, in July 2021, AccuWeather introduced a digital hurricane tracker that works on both desktop and mobile devices. The cutting-edge hurricane tracking feature includes patented AccuWeather Forecast Eye Path maps, impact visualisations, and easy-to-use tools for monitoring and following storms for the greatest preparation, protection, and insight.
Few of the players in the weather monitoring network market include The Weather Company (US), All Weather, Inc. (US), Vaisala OYJ (Finland), AccuWeather Inc. (US), Earth Networks (US), Ambient Weather Network(US), Sutron Corporation (US), Campbell Scientific (US), Airmar Technology Corporation (US), StormGeo (Norway)G. Lufft Mess-und Regeltechnik (Germany), and Skye Instruments (UK).
Global Weather Monitoring Network Market is Segmented as Below:
By Product Type
by Application
By Region
Key Elements Included In The Study: Global Weather Monitoring Network Market
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Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.
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