Anemometer Market Latest Trends, Future Strategies And Growth Forecast Till 2030

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Anemometer Market
Anemometer Market

An anemometer is a device that consists of wind direction and wind speed sensors and is primarily used to measure wind speed. These instruments aid in the detection of changes in the physical properties and velocity of air. The global market for anemometer is expected to reach US$ 561.85 million by 2025, growing at a CAGR of 5.79% during the forecast period. The anemometer market is primarily driven by rising wind energy consumption and favourable regulatory policies for wind energy projects.

Furthermore, rising demand for advanced instruments for measuring air pressure, velocity, and quality is propelling anemometer sales worldwide. Tracking weather conditions, air pollution, and air pressure are some of the major applications of Anemometer Market that are driving market growth worldwide. Globally, air pollution is increasing, which is increasing the use of air quality monitoring equipment to limit any type of airborne disease. As a result, many government organisations are focusing on air quality monitoring products, which is driving anemometer market growth.

During the forecast period, the increasing number of wind energy generation projects in the pipeline would drive growth in the global Anemometer Market. According to the American Wind Energy Association, the current pipeline of wind energy projects under construction or in advanced development in the United States reached 29,634 MW at the end of the third quarter, a 27% year-over-year increase, and is on track to provide 10% of the electricity demands in the United States by 2020, alongside US$ 85 billion in economic activity.

High capital investment and design complexities are two major market restraints for anemometers. The increased use of anemometers in various industries such as mining and construction represents a significant opportunity for the global Anemometer Market. Industry players are working together to develop rotor blades longer than 650 feet for a 50 MW offshore wind turbine, which is 2.5X longer and capable of producing over 6X more output than the largest blades and turbines currently in operation. The Wind Energy Technologies Office (WETO) is working to improve the performance and consistency of next-generation wind technologies while lowering wind energy costs.

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