At 6.9% CAGR, the North America Wind Anemometer Market is Projected to be Worth US$ 102.06 Million by 2030, Says Business Market Insights

According to Business Market Insights research, the North America wind anemometer market was valued at US$ 59.65 million in 2022 and is expected to reach US$ 102.06 million by 2030, registering a CAGR of 6.9% from 2022 to 2030. Growing demand for renewable energy sources and growing awareness of climate change are among the critical factors attributed to the North America wind anemometer market expansion.

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.

On the contrary, high initial investment and maintenance costs hampers the growth North America wind anemometer market.

Based on measuring type, the North America wind anemometer market is bifurcated into velocity anemometers and pressure anemometers. The velocity anemometers segment held 58.9% share of the North America wind anemometer market in 2022, amassing US$ 35.10 million. It is projected to garner US$ 62.99 million by 2030 to expand at 7.6% CAGR during 2022-2030.

Based on anemometers type, the North America wind anemometer market is segmented into mechanical, ultrasonic, and others. The mechanical segment held 61.5% share of the North America wind anemometer market in 2022, amassing US$ 36.68 million. It is projected to garner US$ 60.23 million by 2030 to expand at 6.4% CAGR during 2022-2030.

In terms of applications, the North America wind anemometer market is bifurcated into onshore and offshore. The onshore segment held 81.1% share of the North America wind anemometer market in 2022, amassing US$ 48.40 million. It is projected to garner US$ 81.33 million by 2030 to expand at 6.7% CAGR during 2022-2030.

Based on country, the North America wind anemometer market is categorized into the US, Canada, and Mexico. The US held 91.3% share of North America wind anemometer market in 2022, amassing US$ 54.47 million. It is projected to garner US$ 94.07 million by 2030 to expand at 7.1% CAGR during 2022-2030.

Key players operating in the North America wind anemometer market are Vaisala Oyj, R M Young Co, Campbell Scientific In, and OTT HydroMet Fellbach GmbH, among others.




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