Market Introduction
Europe comprises economies such as Germany, France, the UK, and Italy. Remote sensing is used to collect data by detecting reflected energy from the environment. These sensors can be mounted on satellites or aircraft. Remote sensing has a wide range of applications, such as coastal applications, hazard assessment, and natural resource management. Doppler wind lidar or Cloud-Aerosol Lidar with Orthogonal Polarization is a two-wavelength polarization-sensitive Lidar giving high-resolution vertical profiles of atmospheric clouds and aerosols to facilitate the great understanding of climate. Europe comprises many doppler wind lidar system providers for a wide range of verticals. Halo Photonics, Vaisala, Leonardo Germany GmbH, and Zephir Limited are a few companies present in the region, which are catering applications of these systems. In addition, companies such as ZXLidars provide ZX Measurement Services under which the company gives Wind Data as a service for a complete turnkey Lidar, Met Mast, Sodar, and ancillaries approach to project data. Companies offering doppler wind lidar systems in Europe take strategic initiatives. For instance, in January 2021, ZXLidars introduced a solution to enable standalone use of wind lidar ZX 300 in complex terrain, Deutsche WindGuard. The ZX Complex Flow Solver (ZX CFS) identifies, quantifies, and solves relative differences between lidar, and cup anemometer measurements observed in complex terrain. The ZX CFS is a result of joint development with ZephyScience, a computational wind engineering organization backed by lidar OEM ZX Lidars. Such developments are projected to drive the growth of the doppler wind lidar systems market in Europe.
Due to the COVID-19 outbreak, Russia, the UK, France, Italy, Spain, and Germany are a few of the worst affected member states in Europe. Businesses in the region face severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Due to business lockdowns, travel bans, and supply chain disruptions, Europe experienced an economic slowdown in 2020 and most likely, the impacts are expected to prevail in 2021. The doppler wind lidar system manufacturers in Europe rely highly on China for the supply of component. The sudden pandemic of COVID-19 outbreak and temporary closure of all economic activities, both inter and intra nations, negatively impacted the overall manufacturing process, thereby hindered the growth of the doppler wind lidar system market in Europe. Moreover, the demand for doppler wind lidar systems experienced a decline during the COVID-19 outbreak. The closure of airports, further leading to their declining investments in technology, is lowered the demand for these systems. Additionally, with respect to wind energy plants of the region, onshore construction activity slowed from February to April as a result of COVID-19 measures, owing to supply chain interruptions and logistical issues in many countries, while delays induced by the crisis have only had a minor impact on the offshore wind sector due to long project lead times. Thus, the doppler wind lidar system market in Europe is adversely impacted due to the COVID-19 outbreak.
Market Overview and Dynamics
The doppler wind lidar system market in Europe is expected to grow from US$ 381.14 million in 2021 to US$ 632.87 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028. Strategic initiatives by major players; A few major players operating in the Europe doppler wind lidar system market is Everise Technology Ltd., Mitsubishi Electric Corporation, NRG Systems, HALO Photonics, and GWU-Group. These companies adopt both organic and inorganic growth strategies, such as high investments, product offerings, and expansion. A few key developments are; in April 2019, Mitsubishi Electric Corporation received a contract from Romanian Air Traffic Services Administration (ROMATSA) to supply a terminal Doppler lidar system to use at Henri Coand? International Airport in Bucharest. In June 2021, Vaisala announced the launch of its new WindCube Scan Dual Lidar to streamline and amplify offshore wind assessment campaigns. The company stated that the system will enable offshore wind project developers and operators to reduce multiple sources of uncertainty and gain a comprehensive picture of wind resource profiles by observing an offshore location from several positions. Thus, constant initiatives undertaken by the major companies operating in the Europe doppler wind lidar system market are expected to propel the growth of the market in the coming years.
Key Market Segments
Based on type the Europe doppler wind lidar system market is segmented into compact doppler lidar and large doppler lidar system. In 2020, the compact doppler lidar segment held the largest share Europe doppler wind lidar system market. Based on installation type the Europe doppler wind lidar system market is segmented into ground based, and airborne. Airborne is expected to the fastest growing segment over the forecast period. Based on application, the Europe doppler wind lidar system market is segmented into air traffic safety monitoring, wind power measurement, and weather and climate. In 2020, the wind power measurement segment held the largest share Europe doppler wind lidar system market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the wind lidar system market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Deutsche WindGuard GmbH, GWU-Group, HALO Photonics, Mitsubishi Electric Corporation, Vaisala, Windar Photonics A/S, and Zephir Limited among others.
Reasons to buy report
EUROPE DOPPLER WIND LIDAR SYSTEM MARKET SEGMENTATION
By Type
By Installation Type
By Application
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 381.14 Million |
| Market Size by 2028 | US$ 632.87 Million |
| CAGR (2021 - 2028) | 7.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Doppler Wind Lidar System Market is valued at US$ 381.14 Million in 2021, it is projected to reach US$ 632.87 Million by 2028.
As per our report Europe Doppler Wind Lidar System Market, the market size is valued at US$ 381.14 Million in 2021, projecting it to reach US$ 632.87 Million by 2028. This translates to a CAGR of approximately 7.5% during the forecast period.
The Europe Doppler Wind Lidar System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Doppler Wind Lidar System Market report:
The Europe Doppler Wind Lidar System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Doppler Wind Lidar System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Doppler Wind Lidar System Market value chain can benefit from the information contained in a comprehensive market report.
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