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The weather forecasting services market dominated by Asia-Pacific region rising at 7.15% CAGR to reach 1.56 billion USD by 2021 according to market forecasts

Factors such as rapid industrialization, growth in transportation (aviation and shipping), and constant measures to reduce greenhouse gas emissions, and increase in production of clean energy (renewable energy) are influencing the growth of the weather forecasting services market.

“Increasing demand for more reliable and accurate weather forecast is a major factor driving the weather forecasting services market globally’’

The weather forecasting services market is projected to grow from USD 1.10 billion in 2016 to USD 1.56 billion by 2021, at a CAGR of 7.15% during the forecast period.

Complete report on "Weather Forecasting Services Market" spread across 159 pages, profiling 15 companies and supported with 75 tables and 52 figures is now available at www.reportsnreports.com/reports/768231-weather-forecasting-services-market-by-industry-renewable-energy-oil-gas-shipping-media-agriculture-insurance-retail-aviation-purpose-safety-operational-efficiency-forecasting-type-short-medium-lo-st-to-2021.html .

Main functions of weather forecasting services include issuing disaster warnings, giving information to optimize operations, and increasing the efficiency of industries, which extensively rely on weather for operations.

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However, aspects such as complex process of forecasting and uncertainty of forecasts may limit its market growth.

Key players in the weather forecasting services market are:

  1. StormGeo (Norway)
  2. The Weather Company (U.S.)
  3. Fugro (Netherlands)
  4. ENAV S.p.A (Europe)

 This research study is obliging for following audience:

  1. Weather Forecast Service Providers
  2. Forecast System Integrators
  3. Research Bodies
  4. Original Equipment Manufacturers
  5. Technology and Sub-component Manufacturers

Make an Inquiry onWeather Forecasting Services Market by Industry (Renewable Energy, Oil & Gas, Shipping, Media, Agriculture, Insurance, Retail, Aviation), Purpose (Safety, Operational Efficiency), Forecasting Type (Short, Medium, Long) and Region - Global Forecast to 2021” research report can be requested at www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=768231 .

”Based on industry, the renewable energy segment is expected to grow at the highest CAGR during the forecast period”

Based on industry, the renewable energy segment is projected to grow at the highest CAGR during the forecast period. Governments are deploying renewable energy power plants efficiently to supplement energy requirements of countries, thereby reducing emission of greenhouse gases and contributing to clean energy.

These factors have fueled the growth of renewable energy industries.

From an insight perspective, this research report has focused on various levels of analysis —industry analysis (industry trends, market share analysis of top players, value chain analysis, and company profiles), which together comprise and discuss basic views on competitive landscape, emerging and high-growth segments of the weather forecasting services market, high-growth regions and countries, with market drivers, restraints, and opportunities.

“Based on forecast type, the medium range segment is expected to grow at the highest rate during the forecast period”

Based on forecast type, the medium range segment is projected to lead the weather forecasting services market during the forecast period. New developments such as advance data analytics and machine learning techniques of computers have increased accuracy and reliability of forecasts over medium range.

These technological advancements have fueled the growth of the weather forecasting services market for medium range. Get sample report at www.reportsnreports.com/contacts/requestsample.aspx?name=768231 .

’’The weather forecasting services market in APAC is projected to grow at the highest rate during the forecast period”

The weather forecasting services market in Asia-Pacific is estimated to account for the largest market 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 of air & sea transport, dependency on rainfall for water, improving economic conditions in the Asia-Pacific region, and increasing concerns for safety & security are expected to drive the Asia-Pacific weather forecasting services market.

Research Study Coverage: The weather forecasting services market has been segmented on the basis of industry, forecasting type, and purpose. Based on industry, the weather forecasting services market has been divided into renewable energy, shipping, oil & gas, media, aviation, utilities, retail, agriculture, insurance, and others.

Based on purpose, the weather forecasting services market has been divided into operational efficiency, safety, and others. On the basis of forecast type, the market has been classified into short range, medium range, and long range.

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In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (45%) and Tier 3 (20%) companies were contacted for primary interviews.

The interviews were conducted with various key people such as C-Level (35%), Director Level (25%) and others (40%) from various key organizations operating in the weather forecasting services market. The primary interviews were conducted worldwide covering regions such as North America (45%), Asia-Pacific (20%), Europe (30%) and RoW (5%).

The report provides insights into the following pointers:

  1. Market Penetration: Comprehensive information on weather forecast offered by top 10 players in the weather forecasting services market
  2. Product Development/Innovation: Detailed insights on research & development activities and new product launches in the weather forecasting services market
  3. Market Development: Comprehensive information about emerging markets - the report analyzes the weather forecasting services market across regions
  4. Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the weather forecasting services market
  5. Competitive Assessment: In-depth assessment of market shares, strategies, and products of leading players in the weather forecasting services market
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