Australia Weather Forecasting Devices and Solutions Market
Industry Overview
According to Goldstein Research, “Economic impact of weather and climate events and advancement in weather forecasting devices are the key factors for the growth of Australia weather forecasting devices and solutions market.”Instability in frightening climatic conditions has alarmed the regional government and industries, which is likely to be the key driving force for the weather forecasting devices and solutions market growth in Australia.
“Australia Weather Forecasting Devices and Solutions Market Outlook 2024”
The Australia Weather Forecasting Devices and Solutions Market is segmented based on component, by technology, by forecast type, and by end users. The end-user segment is further bifurcated into commercial, Defense and weather service providers. The commercial industry segment is projected grow at the highest CAGR over the forecast period owing to growing use of weather forecasting systems and solutions in various industries such as energy & power, emergency services, aviation, and agriculture among others.
Australia weather forecasting devices and solutions market valued USD 180million in 2016 and is projected to reach USD 300 million by 2024, at a CAGR of 6.5% from 2016 to 2024. The growth of the Australia weather forecasting systems and solutions market can be attributed to the growing demand for highly precise weather forecasting systems from various end-use industries and significant investments being made by the Australian government.
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Advancement in Forecasting Systems: Major Boost
Forecasting systems or earth system models (ESMs)are being upgraded constantly, as the improvements can be seen from the better precision in weather forecasts over the last decade. The weather forecasting models are majorly restricted by the size of the computers on which they are running. The Australian government plans to install a new machine in 2016, 20 times greater in capacity than the current ones and planning has started for enlargement of the National Computational Infrastructure.
“Australia Weather Forecasting Devices and Solutions Market Outlook 2024” contains a detailed overview of the Australia weather forecasting devices and solutions market in terms of market segmentation by component, by technology, by forecast type, and by end users.
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Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Australia Weather Forecasting Devices and Solutions Market Report also provides a competitive outlook of some of the major players which includes profiling of companies such asUBIMET, Weatherzone, Vaisala, Sutron Corporation, Campbell Scientific, Airmar Technology Corporation etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the Australia weather forecasting devices and solutions market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.