Market Overview
Anemometer Market is estimated to grow at a CAGR of 5.4% during the forecast period 2024-2031
The report on global anemometer analyses the market size, shares, recent trends, competitive intelligence, and future market outlook. Anemometer usage in air pressure is on the rise. Demand from agriculture, and aviation, in ‘The Asia Pacific’ is growing. The competitive rivalry intensifies with GmbHGill Instruments, FT Technologies, and others active in the market.
Market Summary
| Metrics | Details |
| Market CAGR | 5.4% |
| Segments Covered | By Type, By End-User, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
To Get a Free Sample Click here
Market Growth Trends
- Increasing demand for advanced instruments for air pressure, velocity, and quality monitoring is propelling the market growth. Further, the increase in wind energy generation projects in China is also driving the anemometer market.
- New product launches and product portfolio expansion would propel market growth.
- For instance, on July 5, 2018, Fluke Corporation introduced a set of four new tools as part of its environmental products range, which includes lux level meters, sound level meters, anemometers meters, contact, and non-contact tachometers.
- However, high manufacturing costs and sophisticated design are the major factors hindering the growth of the anemometer market.
Market Segmentation Analysis
- By end-user, the global anemometer market is segmented into agriculture, aviation, oil & gas, wind generation station, marine, transport & logistics, and others. Wind generation station dominates the market owing to the increasing number of wind energy generation projects.
- Denmark, Germany, Spain, India, and the US are the world’s largest wind power manufacturing industry concentrated areas. In particular, Europe’s production capacity of wind power equipment manufacturing has exceeded 50 % of the world, making Europe become the major wind power equipment export area in the world.
Market Geographical Share
- Geographically, the Global Anemometer Market is segmented into North America, South America, Europe, Asia Pacific, and RoW. North America dominates the market in terms of revenue.
- In North America, the US is leading the market for anemometers, followed by Canada and Mexico. The companies are more focused on product launches as part of their business strategy to consolidate the market position.
- In June 2016, Etesian Technologies introduced its wireless anemometer sensor which is designed to address the safety needs of applications including industrial cranes, aerial work platforms, and event staging.
Anemometer Key players
- Major industry participants in the anemometer market include Ammonit Measurement GmbH, Gill Instruments, FT Technologies, Siemens AG, Lufft, Schiltknecht Messtechnik AG, PCE Instruments, NRG Systems, Davis Instruments, and IED Electronics.
- The companies are more focused on product launches as part of their business strategy to consolidate the market position. For instance, in November 2017, Thies Clima introduced a new model of its first-class anemometer.
