Middle East & Africa Wind Anemometer Market Forecast to 2030

Middle East & Africa Wind Anemometer Market Forecast to 2030

Middle East & Africa Wind Anemometer Market Forecast to 2030 – Regional Analysis – by Measuring Type (Velocity Anemometers and Pressure Anemometers), Anemometers Type (Mechanical, Ultrasonic, and Others), and Application (Onshore and Offshore)

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Description

The Middle East & Africa wind anemometer market was valued at US$ 10.89 million in 2022 and is expected to reach US$ 15.04 million by 2030; it is estimated to record a CAGR of 4.1% from 2022 to 2030.

Growing Demand for Renewable Energy Sources Fuels Middle East & Africa Wind Anemometer Market

The growth of renewable energy sources, particularly wind power, substantially impacts the wind anemometer market. According to the International Energy Agency (IEA), in 2022, renewable energy supply from wind, solar, hydro, geothermal, and ocean increased by close to 8%, and the share of these technologies in the total global energy supply increased by approximately 0.4%, reaching 5.5%. Also, the amount of electricity generated by wind increased by 265 TWh (an increase of 14%), the second-largest growth of all power generation technologies. Wind remained the leading renewable technology, generating over 2100 TWh in 2022.

Governments of various countries are taking initiatives to increase wind farms, including wind power. Wind turbines used to achieve these objectives comes with very advanced features to maintain efficiency and safety. The wind anemometer constantly measures wind speed and transfers the data to the wind turbine’s controller, which controls the rotor at a safe speed. Wind anemometers are essential instruments used in the wind energy industry. Hence, the demand for the wind anemometer is increasing with the growing renewable energy sources.

Middle East & Africa Wind Anemometer Market Overview

The wind anemometer market in the Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Maritime, shipping, and navigation are prominent in the Middle East & Africa. Wind anemometers are important tools for marine operations, as wind speed determines wave height. The height of the wave plays an important role in navigation, as larger waves may cause navigation problems for mariners. Various navigation authorities in these regions are experiencing profit. For instance, in April 2022, Dubai maritime and shipping company Gulf Navigation profited by lowering operating expenses. In another instance, in 2021, the UAE launched a local marine weather service with the help of the National Centre of Meteorology, the UAE’s official forecaster and center for measuring seismic activity. Also, various players across the Middle East & Africa are launching shipping and navigation services. For instance, in November 2022, A. P. Moller Maersk launched shipping services connecting India-UAE-Saudi Arabia. Thus, shipping and navigation activities in the region propel wind anemometer growth.

Middle East & Africa Wind Anemometer Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Wind Anemometer Market Segmentation

The Middle East & Africa wind anemometer market is segmented based on measuring type, anemometers type, applications, and country.

By measuring type, the Middle East & Africa wind anemometer market is bifurcated into velocity anemometers and pressure anemometers. The velocity anemometers segment held a larger share in 2022.

Based on anemometers type, the Middle East & Africa wind anemometer market is segmented into mechanical, ultrasonic, and others. The mechanical segment held the largest share in 2022.

In terms of applications, the Middle East & Africa wind anemometer market is bifurcated into onshore and offshore. The onshore segment held a larger share in 2022.

Based on country, the Middle East & Africa wind anemometer market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa wind anemometer market in 2022.

Vaisala Oyj, Gill Instruments Ltd, Lambrecht meteo GmbH, Bristol Industrial & Research Associates Ltd, and Campbell Scientific Inc are some of the leading companies operating in the Middle East & Africa wind anemometer market.

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At 4.1% CAGR, Middle East & Africa Wind Anemometer Market Is Speculated to be Worth US$ 15.04 Million by 2030, says the Research Team

According to the Research Team’ research, the Middle East & Africa wind anemometer market was valued at US$ 10.89 million in 2022 and is expected to reach US$ 15.04 million by 2030, registering a CAGR of 4.1% from 2022 to 2030. Development of offshore wind farms and growing demand for renewable energy sources are among the critical factors attributed to the Middle East & Africa wind anemometer market expansion.

Offshore wind power is one of the fast-growing solutions to the world’s need for clean and renewable energy. Wind farm technology is advancing rapidly, with increasing attention paid to offshore wind farms placed in deep waters and away from the shore than traditional wind farms. In addition, offshore wind farms have a significantly smaller environmental footprint than fossil fuel plants and deliver no greenhouse gas emissions. They also offer an environment for marine life, with the platforms operating as artificial reefs that attract fish and other aquatic species. Before constructing offshore wind farms, developers must assess the potential locations’ wind conditions. Wind anemometers are essential for accurately measuring wind speed, direction, and other environmental factors at sea, helping identify suitable and optimal locations for offshore wind turbines. This drives the demand for specialized offshore anemometer systems. Also, detailed wind resource assessments are essential to determine the energy production potential of an offshore wind farm. Wind anemometers provide the data needed to estimate the energy output, helping developers make informed investment decisions and secure financing for these large-scale projects.

Moreover, the development of offshore wind farms has driven technological and innovation advancement in the renewable energy industry, indicating improved performance and reduced costs. Once installed, offshore wind farms have lower operating costs than traditional fossil fuel plants. The governments of several countries and various companies are developing new offshore farms. Hence, with the increase in the development of offshore wind farms, the demand for wind anemometers is anticipated to grow, bolstering the wind anemometer market growth.

On the contrary, high initial investment and maintenance costs hampers the growth of Middle East & Africa wind anemometer market.

Based on measuring type, the Middle East & Africa wind anemometer market is bifurcated into velocity anemometers and pressure anemometers. The velocity anemometers segment held 63.6% share of the Middle East & Africa wind anemometer market in 2022, amassing US$ 6.92 million. It is projected to garner US$ 9.94 million by 2030 to expand at 4.6% CAGR during 2022-2030.

Based on anemometers type, the Middle East & Africa wind anemometer market is segmented into mechanical, ultrasonic, and others. The mechanical segment held 72.6% share of the Middle East & Africa wind anemometer market in 2022, amassing US$ 7.91 million. It is projected to garner US$ 10.67 million by 2030 to expand at 3.8% CAGR during 2022-2030.

In terms of applications, the Middle East & Africa wind anemometer market is bifurcated into onshore and offshore. The onshore segment held 90.5% share of the Middle East & Africa wind anemometer market in 2022, amassing US$ 9.86 million. It is projected to garner US$ 13.51 million by 2030 to expand at 4.0% CAGR during 2022-2030.

Based on country, the Middle East & Africa wind anemometer market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia held 39.6% share of Middle East & Africa wind anemometer market in 2022, amassing US$ 4.31 million. It is projected to garner US$ 6.36 million by 2030 to expand at 5.0% CAGR during 2022-2030.

Key players operating in the Middle East & Africa wind anemometer market are Vaisala Oyj, Gill Instruments Ltd, Lambrecht meteo GmbH, Bristol Industrial & Research Associates Ltd, and Campbell Scientific Inc, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa wind anemometer market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa wind anemometer market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Wind Anemometers Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. Middle East & Africa Wind Anemometers Market – Key Industry Dynamics
5.1 Middle East & Africa Wind Anemometers Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing Demand for Renewable Energy Sources
5.2.2 Growing Awareness of Climate Change
5.3 Market Restraints
5.3.1 High Initial Investment and Maintenance Costs
5.3.2 Scarcity of Skilled Professionals
5.4 Market Opportunities
5.4.1 Development Of Advanced and Innovative Wind Anemometers
5.4.2 Increasing in Use of Wind Anemometers in Aviation and Weather Monitoring Applications
5.5 Future Trends
5.5.1 Development of Offshore Wind Farms
5.6 Impact of Drivers and Restraints:
6. Wind Anemometers Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa Wind Anemometers Market Revenue (US$ Million), 2022 – 2030
6.2 Middle East & Africa Wind Anemometers Market Forecast and Analysis
7. Middle East & Africa Wind Anemometers Market Analysis – Measuring Type
7.1 Velocity Anemometers
7.1.1 Overview
7.1.2 Velocity Anemometers Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Pressure Anemometers
7.2.1 Overview
7.2.2 Pressure Anemometers Market, Revenue and Forecast to 2030 (US$ Million)
8. Middle East & Africa Wind Anemometers Market Analysis – Anemometers Type
8.1 Mechanical
8.1.1 Overview
8.1.2 Mechanical Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Ultrasonic
8.2.1 Overview
8.2.2 Ultrasonic Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Others
8.3.1 Overview
8.3.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
9. Middle East & Africa Wind Anemometers Market Analysis – Application
9.1 Onshore
9.1.1 Overview
9.1.2 Onshore Market, Revenue and Forecast to 2030 (US$ Million)
9.2 Offshore
9.2.1 Overview
9.2.2 Offshore Market, Revenue and Forecast to 2030 (US$ Million)
10. Middle East & Africa Wind Anemometers Market – Country Analysis
10.1 Middle East & Africa Wind Anemometers Market Revenue and Forecasts and Analysis – By Country
10.1.1 Middle East & Africa Wind Anemometers Market Revenue and Forecasts and Analysis – By Country
10.1.2 Saudi Arabia Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.1 Saudi Arabia Wind Anemometers Market Breakdown by Measuring Type
10.1.2.2 Saudi Arabia Wind Anemometers Market Breakdown by Anemometers Type
10.1.2.3 Saudi Arabia Wind Anemometers Market Breakdown by Application
10.1.3 UAE Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.1 UAE Wind Anemometers Market Breakdown by Measuring Type
10.1.3.2 UAE Wind Anemometers Market Breakdown by Anemometers Type
10.1.3.3 UAE Wind Anemometers Market Breakdown by Application
10.1.4 South Africa Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.4.1 South Africa Wind Anemometers Market Breakdown by Measuring Type
10.1.4.2 South Africa Wind Anemometers Market Breakdown by Anemometers Type
10.1.4.3 South Africa Wind Anemometers Market Breakdown by Application
10.1.5 Rest of Middle East & Africa Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.5.1 Rest of Middle East & Africa Wind Anemometers Market Breakdown by Measuring Type
10.1.5.2 Rest of Middle East & Africa Wind Anemometers Market Breakdown by Anemometers Type
10.1.5.3 Rest of Middle East & Africa Wind Anemometers Market Breakdown by Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Vaisala Oyj
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Gill Instruments Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Lambrecht meteo GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Bristol Industrial & Research Associates Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Campbell Scientific Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About the Research Team
13.2 Word Index

LIST OF TABLES

Table 1. Middle East & Africa Wind Anemometers Market Segmentation
Table 2. Middle East & Africa Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Middle East & Africa Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Million) – Measuring Type
Table 4. Middle East & Africa Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Million) – Anemometers Type
Table 5. Middle East & Africa Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 6. Middle East & Africa Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 7. Saudi Arabia Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Measuring Type
Table 8. Saudi Arabia Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Anemometers Type
Table 9. Saudi Arabia Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 10. UAE Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Measuring Type
Table 11. UAE Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Anemometers Type
Table 12. UAE Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 13. South Africa Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Measuring Type
Table 14. South Africa Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Anemometers Type
Table 15. South Africa Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 16. Rest of Middle East & Africa Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Measuring Type
Table 17. Rest of Middle East & Africa Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Anemometers Type
Table 18. Rest of Middle East & Africa Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 19. List of Abbreviation
 

LIST OF FIGURES

Figure 1. Middle East & Africa Wind Anemometers Market Segmentation, By Country
Figure 2. Ecosystem: Middle East & Africa Wind Anemometers Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Middle East & Africa Wind Anemometers Market Revenue (US$ Million), 2022 – 2030
Figure 5. Middle East & Africa Wind Anemometers Market Share (%) – Measuring Type, 2022 and 2030
Figure 6. Velocity Anemometers Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7. Pressure Anemometers Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Middle East & Africa Wind Anemometers Market Share (%) – Measuring Type, 2022 and 2030
Figure 9. Mechanical Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Ultrasonic Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Middle East & Africa Wind Anemometers Market Share (%) – Application, 2022 and 2030
Figure 13. Onshore Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Offshore Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Middle East & Africa Wind Anemometers Market, by Key Country – Revenue (2022) (US$ Million)
Figure 16. Wind Anemometers Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 17. Saudi Arabia Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 18. UAE Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. South Africa Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. Rest of Middle East & Africa Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)

1. Vaisala Oyj
2. Gill Instruments Ltd
3. Lambrecht meteo GmbH
4. Bristol Industrial & Research Associates Ltd
5. Campbell Scientific Inc

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