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Weather Forecasting Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2026

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Increasing incidence of natural disasters due to undesired climatic changes and subsequent security concerns are propelling the market for weather forecasting services Download the Excluisve Report Sample Here : http://www.transparencymarketresearc
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Weather Forecasting Services Market - Global
Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2016 - 2026
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REPORT DESCRIPTION
Weather forecasting is a kind of consulting service which provides real-time forecast and facilitates efficient day-to-day planning and informed
decision-making in various industrial operations. Advanced notifications about changes in weather help industries plan weather-sensitive
operations in advance which ensures safety, efficiency, improved sustainability, and enormous cost savings. Weather forecasting services are
widely employed in various industries such as oil & gas, renewable energy, shipping, media, agriculture, aviation, utility, and construction. The
renewable energy sector is expected to dominate the market over the forecast period, driven by the rising electricity consumption and energy
requirements in various end-use industries. Further strong government initiatives toward supplementing non-renewable resources with
renewable energy are encouraging various industrial manufacturers to reduce their greenhouse gas emissions in order to produce clean energy.
These factors are likely to fuel the demand for weather forecasting services during the forecast period.
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Based on forecast type, the market for weather forecasting services is divided into the normal, medium, and long range categories. The duration
of a normal range forecast projection can vary from a few hours to three days and cover either a particular region or an area of a few million
square kilometers. It is typically used in the aviation and ship routing industries. Medium range forecast can predict weather for seven to ten days
using atmospheric models and synoptic scale and is employed in agriculture and the water resource management industry. Long or extended
range forecast is carried out for ten to thirty days, generally on a seasonal timescale or a longer period. The medium range segment is projected
to dominate the market over the forecast period. Based on purpose, the market of weather forecasting services features safety and operational
efficiency, of which the latter is estimated to be the overriding segment, due to a surge in international trade and rising demands for renewable
energy from power plants and the aviation sector to better control air traffic.
Increasing incidence of natural disasters due to undesired climatic changes and subsequent security concerns are propelling the market for
weather forecasting services. Advanced and reliable weather forecasting achieved within the stipulated time can lead to significant cost savings
and also help with protection against catastrophes and natural disasters. Weather forecasting services are based on complex models due to
which the industry requires trained meteorologists and geologist to operate the weather forecasting systems. Therefore, a dearth of trained
workforce may hamper the market. However, technological advancements in computing system such as advanced data analytics, model
development and machine learning tools and techniques are likely to provide new opportunities to players involved in weather forecasting
services.
Globally, the market is distributed over North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Demand is likely to be high
in Asia Pacific, especially in India, China, and Japan due to rapid industrialization and the developing transportation industry. Continuous
improvements in weather stations and satellites in North America and Europe play a role too. The evolution of the transportation industry and
changing lifestyles in developing regions such as Middle East and Africa are also motivating the market for weather forecasting services
Key players in this market include The Weather Company, Accuweather Inc, StormGeo, Vaisala OYJ, Campbell Scientific Inc., The National Oceanic
and Atmospheric Administration and Meteo Group.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so,
the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional
markets, technology, types, and applications.
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