South & Central America Wind Anemometer Market Forecast to 2030
South & Central America 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
Development of Offshore Wind Farms Bolsters South & Central America Wind Anemometer Market
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.
South & Central America Wind Anemometer Market Overview
The South & Central America wind anemometer market is segmented into Brazil, Argentina, and the Rest of South & Central America. The decrease in the production cost of offshore wind turbines is propelling the wind energy projects in South & Central America. Various countries in South & Central America are adopting wind power projects. According to the Global Wind Energy Council (GWEC), Brazil led wind power progression in Latin America using 2.3 GW of new capacity in 2020. Argentina and Chile serve to make 2020 the best year ever for wind power in the region with wind energy production. Also, according to GWEC, in 2020, Brazil ranked seventh in the world wind power ranking.
Various countries in the region are building wind farms. For instance, in April 2021, Statkraft developed a 102 MW Torsa wind power project in Chile. The developed wind project is located in the O’Higgins region, 124 km south of Santiago. The project consists of three wind farms and 19 wind turbines. Thus, the increase in wind power projects in the region propels the growth of the wind anemometer market as wind power projects have applications in wind monitoring and measuring wind direction.
South & Central America Wind Anemometer Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Wind Anemometer Market Segmentation
The South & Central America wind anemometer market is segmented based on measuring type, anemometers type, applications, and country.
Based on measuring type, the South & Central America 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 South & Central America wind anemometer market is segmented into mechanical, ultrasonic, and others. The mechanical segment held the largest share in 2022.
In terms of applications, the South & Central America wind anemometer market is bifurcated into onshore and offshore. The onshore segment held a larger share in 2022.
Based on country, the South & Central America wind anemometer market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America wind anemometer market in 2022.
Vaisala Oyj, Gill Instruments Ltd, Lambrecht meteo GmbH, and Campbell Scientific Inc are some of the leading companies operating in the South & Central America wind anemometer market.
Summary Info
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According to the Research Team’ research, the South & Central America wind anemometer market was valued at US$ 5.38 million in 2022 and is expected to reach US$ 6.95 million by 2030, registering a CAGR of 3.3% from 2022 to 2030. Development of advanced and innovative wind anemometers and increasing in use of wind anemometers in aviation and weather monitoring applications are among the critical factors attributed to the South & Central America wind anemometer market expansion.
Advanced anemometers offer higher levels of accuracy in measuring wind speed and direction, which is essential for various applications, including wind energy generation. This increased accuracy provides more reliable data and better decision-making. Advanced and innovative anemometers can enhance the efficiency of wind turbines, leading to higher energy production and lower operational costs. Developing new sensor technologies, such as lidar-based anemometers, can open opportunities for more compact, versatile, and cost-effective solutions. The newly developed advanced anemometers are designed like an airplane wing with integrated sensors. These sensors help detect the wind’s speed and the direction through the movement. In construction, transportation, and offshore operations, precise wind data is crucial for safety and infrastructure planning. Advanced anemometers can contribute to risk mitigation and improved safety protocols.
Furthermore, integration with Internet of Things (IoT) platforms and data analytics can enhance the capabilities of wind anemometers. IoT plays a significant role in selecting the most suitable location for installing wind turbines. Meteorological sensors will respond to real-time weather conditions and are designed to monitor specific environmental parameters such as wind direction, wind speed, and ambient direction. Data obtained from IoT is transformed into actionable information to enhance wind turbine performance, driving wind energy costs down and reducing overall risk. Hence, the development of advanced and innovative wind anemometers is expected to provide a great opportunity for the wind anemometer market growth.
On the contrary, high initial investment and maintenance costs hampers the growth of South & Central America wind anemometer market.
Based on measuring type, the South & Central America wind anemometer market is bifurcated into velocity anemometers and pressure anemometers. The velocity anemometers segment held 65.8% share of the South & Central America wind anemometer market in 2022, amassing US$ 3.54 million. It is projected to garner US$ 4.74 million by 2030 to expand at 3.7% CAGR during 2022-2030.
Based on anemometers type, the South & Central America wind anemometer market is segmented into mechanical, ultrasonic, and others. The mechanical segment held 72.9% share of the South & Central America wind anemometer market in 2022, amassing US$ 3.92 million. It is projected to garner US$ 4.96 million by 2030 to expand at 3.0% CAGR during 2022-2030.
In terms of applications, the South & Central America wind anemometer market is bifurcated into onshore and offshore. The onshore segment held 91.7% share of the South & Central America wind anemometer market in 2022, amassing US$ 4.93 million. It is projected to garner US$ 6.34 million by 2030 to expand at 3.2% CAGR during 2022-2030.
Based on country, the South & Central America wind anemometer market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil held 75.4% share of South & Central America wind anemometer market in 2022, amassing US$ 4.05 million. It is projected to garner US$ 5.38 million by 2030 to expand at 3.6% CAGR during 2022-2030.
Key players operating in the South & Central America wind anemometer market are Vaisala Oyj, Gill Instruments Ltd, Lambrecht meteo GmbH, and Campbell Scientific Inc, among others.
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 South & Central America 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 South & Central America 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. South & Central America Wind Anemometers Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. South & Central America Wind Anemometers Market – Key Industry Dynamics
5.1 South & Central America 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 – South & Central America Market Analysis
6.1 South & Central America Wind Anemometers Market Revenue (US$ Million), 2022 – 2030
6.2 South & Central America Wind Anemometers Market Forecast and Analysis
7. South & Central America 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. South & Central America 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. South & Central America Wind Anemometers Market Analysis – Application
9.1 Onshore
9.1.1 Overview
9.1.2 Onshore Market Revenue and Forecasts to 2030 (US$ Million)
9.2 Offshore
9.2.1 Overview
9.2.2 Offshore Market Revenue and Forecasts to 2030 (US$ Million)
10. South & Central America Wind Anemometers Market – Country Analysis
10.1 South & Central America
10.1.1 South & Central America Wind Anemometers Market Overview
10.1.2 South & Central America Wind Anemometers Market, Breakdown, by Country
10.1.3 South & Central America Wind Anemometers Market Revenue and Forecasts and Analysis – By Country
10.1.3.1 South & Central America Wind Anemometers Market Revenue and Forecasts and Analysis – By Country
10.1.3.2 Brazil Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.2.1 Brazil Wind Anemometers Market Breakdown by Measuring Type
10.1.3.2.2 Brazil Wind Anemometers Market Breakdown by Anemometers Type
10.1.3.2.3 Brazil Wind Anemometers Market Breakdown by Application
10.1.3.3 Argentina Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.3.1 Argentina Wind Anemometers Market Breakdown by Measuring Type
10.1.3.3.2 Argentina Wind Anemometers Market Breakdown by Anemometers Type
10.1.3.3.3 Argentina Wind Anemometers Market Breakdown by Application
10.1.3.4 Rest of South & Central America Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.4.1 Rest of South & Central America Wind Anemometers Market Breakdown by Measuring Type
10.1.3.4.2 Rest of South & Central America Wind Anemometers Market Breakdown by Anemometers Type
10.1.3.4.3 Rest of South & Central America 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 Campbell Scientific Inc
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
13. Appendix
13.1 About the Research Team
13.2 Word Index
LIST OF TABLES
Table 2. South & Central America Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. South & Central America Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Million) – Measuring Type
Table 4. South & Central America Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Million) -Anemometers Type
Table 5. South & Central America Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 6. South & Central America Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 7. Brazil Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Measuring Type
Table 8. Brazil Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Anemometers Type
Table 9. Brazil Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 10. Argentina Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Measuring Type
Table 11. Argentina Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Anemometers Type
Table 12. Argentina Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 13. Rest of South & Central America Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Measuring Type
Table 14. Rest of South & Central America Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Anemometers Type
Table 15. Rest of South & Central America Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 16. List of Abbreviation
LIST OF FIGURES
Figure 2. Ecosystem: South & Central America wind anemometers market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. South & Central America Wind Anemometers Market Revenue (US$ Million), 2022 – 2030
Figure 5. South & Central America 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. South & Central America 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. South & Central America 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. South & Central America Wind Anemometers Market, by Key Country – Revenue (2022) (US$ Million)
Figure 16. Wind Anemometers Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 17. Brazil Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 18. Argentina Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. Rest of South & Central America Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
1. Vaisala Oyj
2. Gill Instruments Ltd
3. Lambrecht meteo GmbH
4. Campbell Scientific Inc
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