Global Weather Forecasting Services Market: Introduction
Weather plays a very important role in people’s lives. Through weather monitoring, data analysis and forecasting can be performed to provide useful weather information. weather forecasting is done for different sectors such as agriculture, transportation, aviation, manufacturing, energy & utilities, etc.
Weather forecasting prediction through the application of physics and, a variety of statistical and empirical techniques. Weather forecasting has different types such as short-range forecasting, medium-range forecasting, and long-range forecasting. Since the 20th century, digital computers made it possible to calculate atmospheric changes mathematically and objectively. Weather forecasts are made by collecting quantitative data about the atmosphere and using a scientific understanding of atmospheric processes to project how the atmosphere will evolve in the future.
The Global Weather Forecasting Services Market was valued at US$ 2,236.5 Million in 2023 and is anticipated to reach US$ 4,531.18 Million by the end of 2030 with a CAGR of 7.58% from 2024 to 2032.
In weather forecasting the advanced information of weather elements like the distribution of rainfall, temperature changes, thunderstorms, frost, humidity, etc. short-range forecasting is valid for up to 3 days or 72 hours. Medium-range weather forecasting is for 3 to 10 days, and long-range forecasts are valid for more than 10 days, months, or changes in season. Short-range forecasts are now an essential tool in the real-time management of wind and solar assets, while medium-range forecasts play a crucial role in daily hedging activity.
Factors Driving the Growth of the Global Weather Forecasting Services Market in North America:
North America is the largest market for weather forecasting due to the demand for accurate weather is increases in the North American region. The growing industrialization such as agriculture, aviation, and energy required accurate weather information which needs forecasting services.
The continuous innovation of new technologies in the North American region, such as artificial intelligence, and machine learning provides more accurate predictions of weather forecasting, and due to this, the demand for weather forecasting is more.
In the North American region, extreme weather conditions require the prior more accurate weather forecasting which helps people to prepare for disasters and other events. Weather forecasting helps people to save from the risk for this region the demand for weather forecasting is higher.
Increasing the growth for different sectors such as aviation and transportation in the North American region which required the correct forecasting for safety and operational purposes. Which enhances the demand for weather forecasting in the North American region.
The expansion of renewable energy sectors in North America which requires accurate weather prediction for the expansion of energy. The government of North America also taking initiatives and investing in weather forecasting which increases the demand for weather forecasting in the North American region.
Competitive Insights:
Some of the key players of the Global Weather Forecasting Services Market are as follows: The Weather Company, AccuWeather, AerisWeather, BMT Group, Custom Weather, DTN, Fugro, Met Office, Skymet Weather Service Pvt., ENAV SPA, StormGeo, Meteoblue AG, Precision Weather Services, and Earth Network.
Prominent players like AccuWeather, BMT Group, DTN, and Weather Company dominate the Global Weather Forecasting Services Market. These companies invest heavily in research and development and widen their product portfolios to increase their market share.
MeteoBlue AG continues to be a dominant force in the Global Weather Forecasting Services Market, leveraging its extensive global presence and diverse product offerings. ENAV SPA maintains a strong competitive position, providing innovative solutions for accurate weather forecasting for various sectors.
Companies like Custom Weather provide complete global weather coverage including sophisticated weather forecasts, maps, tracking, and alert services covering over 80,000 locations worldwide. Custom weather provides accurate weather forecasting all over the globe.
Companies’ strategic partnerships, collaboration, and joint ventures help them to provide correct forecasting services for the agriculture, aviation, and energy sectors which are more dependent on forecasting for their sector.
The competitive landscape is shaped by companies adapting to market trends, such as the rising consumer demand for forecasting services, convenience, and the reduction of risks, and disasters by accurate weather forecasting solutions.
Adherence to stringent quality and safety standards and compliance with evolving regulations are crucial for maintaining a competitive edge in the Global Weather Forecasting Services Market.
