Wind Monitoring Instruments Market Size, Share, Opportunities, And Trends By Instrument Type (Anemometer, Wind Alarm, Wind Vane), By End User (Building & Construction, Agriculture, Aviation, Meteorology, Power, Energy, Others), And By Geography - Forecasts From 2023 To 2028

Wind monitoring instruments are devices used to measure and record various aspects of wind, including speed, direction, gusts, and turbulence. These instruments are used in a wide range of applications, from weather forecasting to aviation, agriculture, and environmental monitoring. Wind monitoring instruments include various types such as Anemometers, Wind vanes, Sonic anemometers, Pitot tubes, and more. Wind monitoring instruments are crucial for understanding weather patterns, predicting wind-related events, and maintaining the safety of people and equipment in various industries. The growth of the wind monitoring instrument market is driven by the need for renewable energy, environmental monitoring, technological advancements, and government regulations.

The growth of the wind monitoring instruments market is directly impacted by the expansion of installed wind capacity.

Wind monitoring systems are critical to the performance and safety of wind turbines. They help ensure that the turbines operate efficiently, generate maximum power output, and protect the turbines from damage due to excessive wind speeds or turbulence. By providing accurate and reliable wind data, wind monitoring systems help make wind power a viable and sustainable source of energy. There has been an increase in the installed wind capacity globally as wind energy has proven to be a clean renewable source of energy generation. For instance, according to the International Energy Agency, the global wind power capacity has increased from 594.1 GW in 2019 to around 774.3 GW in 2021 and is expected to reach up to 3105.9 GW by 2030. According to data from the National Energy Administration, China's installed capacity of wind power increased by 16.6%, reaching 350 million kilowatts in 2022. Similarly, data from the BP Statistical Review of Energy shows that the installed wind capacity in Germany, India, and Spain has been recorded at 63.76 GW, 40.07 GW, and 27.50 GW respectively in 2021. Therefore, it can be inferred that the growing installation of wind capacity will lead to an increase in demand for wind turbines to generate energy, thereby having a positive impact on the wind monitoring instruments market.

The rising aviation industry is propelling the expansion of the wind monitoring instruments market.

Wind monitoring instruments such as anemometers are essential tools in aviation to ensure the safety and efficiency of flight operations. In addition to providing important information for take-off and landing, wind monitoring instruments are also critical for flight planning and safety. Flight crews use wind information to determine the most efficient route and altitude for a flight, to avoid turbulence, and to ensure the safety of passengers and crew. Therefore, with the growth of the aviation industry, the wind monitoring instruments market is also poised to experience a surge in growth. According to the Bureau of Transportation Statistics, the total number of flights in the United States, both domestic and international, increased from 5,747,387 in 2020 to 7,974,780 in 2022. In June 2021, around 10 new airports were constructed in China. There were almost around 250 operational commercial airports in the country as of 2021. Similarly, ACI Europe has announced that airport passenger traffic in the first half of 2022 increased by 247% year-on-year, equating to an additional 660 million passengers. The significant growth was primarily attributed to international traffic, which saw a 381.2% rise, while domestic traffic increased by 88.5%. According to the International Air Traffic Authority, Middle Eastern airlines experienced a remarkable 114.7% increase in international air traffic in October 2022 compared to the same period in the previous year. IATA also stated that the total global air traffic increased by 44.6% in 2022. Hence, the expanding aviation industry requires increased utilization of wind monitoring instruments to enhance safety and efficiency, thereby propelling the growth of the global wind monitoring instruments market.

The wind monitoring instruments market exhibits the greatest growth potential in the Asia Pacific region.

The increasing demand for renewable energy sources, especially wind power, is driving the growth of this market. Many countries in the Asia Pacific region are making significant investments in renewable energy projects to reduce their dependence on fossil fuels and mitigate the impacts of climate change. China was responsible for almost 70% of wind generation growth in 2021, followed by the United States at 14% and Brazil at 7%, according to IEA. This data also indicates that wind energy generation was recorded at 67418.0 GW in India in 2020. The Indian Wind Energy Association has estimated the country’s wind energy potential is 30+ GW. According to the reports by the Indian Ministry of New and Renewable Energy, the installed wind energy capacity in the country was 39.2 GW in 2021. Wind monitoring instruments such as sonic anemometers are extensively used in meteorology for measuring and forecasting weather conditions. Meteorologists use these instruments to collect data on wind speed and direction at various heights above the ground and in different locations and then create weather models and forecast upcoming weather patterns. The increasing meteorological developments in this region are an important reason behind the growth of the wind monitoring instruments market. For instance, in April 2022, the India Meteorological Department introduced localized weather information services in 50 cities across the country. The Urban Meteorological Services for Delhi-NCR, which began in June 2021 with observations and early warnings from 13 weather stations, served as a model for this expansion. In March 2020, Fujitsu announced that it had finished building the new supercomputer system for the Meteorological Research Institute of the Japan Meteorological Agency. This high-performance system boasted 2.81 petaflops and aimed to support research aimed at achieving the highest level of weather forecast accuracy in the world. Thus such developments in the meteorological department across the Asia Pacific region prove to be a driving factor in the growth of the wind monitoring instruments market in this region.

Market Key Developments

• In October 2022, TripleCMAS, a product that transforms the wind turbine rotor and swept area into a condition monitoring and alarm system, was been launched by Ventus Group.
• In May 2021, in a move to strengthen its capabilities and offerings within structural vibration monitors, KK Group, the parent company of KK Wind Solutions, acquired PCH Engineering which is a leading developer and supplier of vibration monitoring equipment such as wind turbines, providing a broad range of monitor solutions for rotating machinery.

Wind Monitoring Instruments Market Scope:

Segmentation

• By Instrument Type
  • Anemometer
  • Wind Alarm
  • Wind Vane
• By End User
  • Building & Construction
  • Agriculture
  • Aviation
  • Meteorology
  • Power
  • Energy
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    •  Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Suadi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Others