North America Weather Forecasting Services Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Industry (Agriculture, Aviation, Marine, Transport and Logistics, Energy and Utilities, Oil and Gas, Media, Insurance, Retail, Construction and Mining, and Others), Purpose (Operational Efficiency, Safety, and Others), Forecasting Type (Nowcast, Short Range, Medium Range, and Long Range), and Organization Size (Large Enterprises and Small and Medium-sized Enterprises)
Market Introduction
The North America weather forecasting services market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Weather forecasting services are highly efficient and helpful when dealing with the turbulence and wind shear issues. These services help monitor and measure wind at and near the airport environment. They are also used in the aerospace sector to improve long-range wind awareness. The aviation industry depends heavily on the weather for decision-making is taken without considering the weather. One of the major threats for air travel is safety issues, which has increased with an unbalanced rise in airport capacities and facilities, coupled with frequent extreme weather conditions being experienced in North America. There has been an increase in air accidents due to bad weather conditions, taking the lives of about many passengers in the region. Furthermore, the augmenting focus on operational efficiency and the surge in public-private partnership toward producing more accurate and reliable weather forecasts are creating lucrative market opportunities.
In North America, the US is the hardest-hit country due to the COVID-19 outbreak. The high infection rate led the government to impose various containment measures such as the shutdown of factories, travel restrictions, closure of international borders, and lockdowns. The enormous increase in the number of confirmed cases and rise in the reported deaths have affected both manufacturing and sales of weather forecasting equipment and models in North America. Additionally, companies also minimized the allocated budget for industrial machinery manufacturing, owing to the economic slowdown, which raised environmental concerns across the region. However, the region is now recovering and adopting advanced weather forecasting models. However, the risk of companies still exists as a result of market uncertainties arising from the tough business environment associated with the weather forecasting solutions and services across various industries.
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Market Overview and Dynamics
The weather forecasting services market in North America is expected to grow from US$ 681.46 million in 2021 to US$ 1,202.31 million by 2028; it is estimated to grow at a CAGR of 8.4% from 2021 to 2028. The rising awareness among the individuals about clean energies and strong demand from several prominent non-profit government organizations for them have significantly favored their uptake in North America. It has led to a decrease in uncertainties toward climate change. For instance, according to one of the United Nations Environment Programme (UNEP) research, in 2019, the investment into renewable energy rose to 1% from 2018 and was valued at US$ 282.2 billion. Furthermore, the US-registered 28% increase in their investment for renewable energy. Overall, the total North America investment in renewable energy and clean energy saw a steady rise in investment, especially in the past few years. Key data from several environmental organizations, indicating the worsening of North America climate and the immediate need for sustainable development technologies, has facilitated the adoption of weather forecast services in the region. As a result the various government support/initiative and investment into clean energies boost the demand for weather forecasting service market.
Key Market Segments
Based on industry, the energy and utilities segment accounted for the largest share of the North America weather forecasting services market in 2020. Based on purpose, the safety segment accounted for the largest share of the North America weather forecasting services market in 2020. Based on forecasting type, the short range segment accounted for the largest share of the North America weather forecasting services market in 2020. Based on organization size, the large enterprises segment accounted for the largest share of the North America weather forecasting services market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America weather forecasting services market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Global Weather Corporation, Accuweather, Inc., BMT Group Ltd., Precision Weather, Fugro, Enav S.p.A., IBM Corporation, DTN, Storm Geo, The Tomorrow Companies Inc.
Reasons to buy report
- To understand the North America weather forecasting services market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America weather forecasting services market
- Efficiently plan M&A and partnership deals in North America weather forecasting services market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America weather forecasting services market
- Obtain market revenue forecast for market by various segments from 2019-2028 in North America region.
North America Weather Forecasting Services Market Segmentation
North America Weather Forecasting Services Market – By Industry
- Agriculture
- Aviation
- Marine
- Transport and Logistics
- Energy and Utilities
- Oil and Gas
- Media
- Insurance
- Retail
- Construction and Mining
- Others
North America Weather Forecasting Services Market – By Purpose
- Operational Efficiency
- Safety
- Others
North America Weather Forecasting Services Market – By Forecasting Type
- Nowcast
- Short Range
- Medium Range
- Long Range
North America Weather Forecasting Services Market – By Organization Size
- Large Enterprises
- Small and Medium-Sized Enterprises
North America Weather Forecasting Services Market – By Country
- US
- Canada
- Mexico
North America Weather Forecasting Services Market – Company Profiles
- AccuWeather, Inc.
- IBM Corporation
- DTN
- StormGeo
- Fugro
- ENAV S.p.A.
- The Tomorrow Companies Inc.
- BMT Group Ltd.
- Precision Weather
- Global Weather Corporation
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Weather Forecasting Services Market – By Industry
1.3.2 North America Weather Forecasting Services Market – By Purpose
1.3.3 North America Weather Forecasting Services Market – By Forecasting Type
1.3.4 North America Weather Forecasting Services Market – By Organization Size
1.3.5 North America Weather Forecasting Services Market – By Coutry
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Weather Forecasting Services Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
4.5.1 Overview
4.5.1.1 Weatherbit.io
4.5.1.2 AccuWeather
4.5.1.3 Weather Underground
4.5.1.4 World Climate Service
4.5.1.5 Weather Source
4.5.1.6 Meteomatics
5. Weather Forecasting Services Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Changing Climate Patterns Resulting in Uncertainties in Rainfall
5.1.2 Significant Investment into Clean Energies and Government Support
5.2 Market Restraints
5.2.1 Rising Complexity Associated with Weather Forecasting Models
5.3 Market Opportunities
5.3.1 Increasing Adoption of Technologically Advanced Systems Among Airports
5.4 Future Trends
5.4.1 Uptake of Advanced Technologies in Weather Forecasting Services
5.5 Impact Analysis of Drivers and Restraints
6. Weather Forecasting Services Market – North America Market Analysis
6.1 North America Weather Forecasting Services Market Overview
6.2 North America Weather Forecasting Services Market Forecast and Analysis
7. North America Weather Forecasting Services Market Analysis – By Industry
7.1 Overview
7.2 Weather Forecasting Services, by Industry (2020 and 2028)
7.3 Agriculture
7.3.1 Overview
7.3.2 Agriculture: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Aviation
7.4.1 Overview
7.4.2 Aviation: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Marine
7.5.1 Overview
7.5.2 Marine: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Transport and Logistics
7.6.1 Overview
7.6.2 Transport and Logistics: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Energy and Utilities
7.7.1 Overview
7.7.2 Energy and Utilities: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Oil and Gas
7.8.1 Overview
7.8.2 Oil and Gas: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
7.9 Media
7.9.1 Overview
7.9.2 Media: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
7.10 Insurance
7.10.1 Overview
7.10.2 Insurance: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
7.11 Retail
7.11.1 Overview
7.11.2 Retail: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
7.12 Construction and Mining
7.12.1 Overview
7.12.2 Construction and Mining: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
7.13 Others
7.13.1 Overview
7.13.2 Others: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Weather Forecasting Services Market Analysis – By Purpose
8.1 Overview
8.2 Weather Forecasting Services, by Purpose (2020 and 2028)
8.3 Operational Efficiency
8.3.1 Overview
8.3.2 Operational Efficiency: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Safety
8.4.1 Overview
8.4.2 Safety: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Weather Forecasting Services Market Analysis – By Forecasting Type
9.1 Overview
9.2 Weather Forecasting Services, by Forecasting Type (2020 and 2028)
9.3 Nowcast
9.3.1 Overview
9.3.2 Nowcast: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Short-Range
9.4.1 Overview
9.4.2 Short-Range: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Medium-Range
9.5.1 Overview
9.5.2 Medium-Range: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Long-Range
9.6.1 Overview
9.6.2 Long-Range: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Weather Forecasting Services Market Analysis – By Organization Size
10.1 Overview
10.2 Weather Forecasting Services, by Organization Size (2020 and 2028)
10.3 Small and Medium-Sized Enterprises
10.3.1 Overview
10.3.2 Small and Medium-Sized Enterprises: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Large Enterprises
10.4.1 Overview
10.4.2 Large Enterprises: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
11. North America Weather Forecasting Services Market Country Analysis
11.1 North America: Weather Forecasting Services Market
11.1.1 North America: Weather Forecasting Services Market- by Key Country
11.1.1.1 US: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 US: Weather Forecasting Services Market- by Industry
11.1.1.1.2 US: Weather Forecasting Services Market- By Purpose
11.1.1.1.3 US: Weather Forecasting Services Market- By Forecasting Type
11.1.1.1.4 US: Weather Forecasting Services Market- By Organization Size
11.1.1.2 Canada: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Canada: Weather Forecasting Services Market- by Industry
11.1.1.2.2 Canada: Weather Forecasting Services Market- By Purpose
11.1.1.2.3 Canada: Weather Forecasting Services Market- By Forecasting Type
11.1.1.2.4 Canada: Weather Forecasting Services Market- By Organization Size
11.1.1.3 Mexico: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Mexico: Weather Forecasting Services Market- by Industry
11.1.1.3.2 Mexico: Weather Forecasting Services Market- By Purpose
11.1.1.3.3 Mexico: Weather Forecasting Services Market- By Forecasting Type
11.1.1.3.4 Mexico: Weather Forecasting Services Market- By Organization Size
12. North America Weather Forecasting Services Market COVID-19 Impact Analysis
12.1 North America
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
14. Company Profiles
14.1 AccuWeather, Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 IBM Corporation
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 DTN
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 StormGeo
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Fugro
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 ENAV S.p.A.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 The Tomorrow Companies Inc.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 BMT Group Ltd.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Precision Weather
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Global Weather Corporation
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary
LIST OF TABLES
Table 1. North America Weather Forecasting Services Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. US: Weather Forecasting Services Market- by Industry –Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Weather Forecasting Services Market- By Purpose –Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Weather Forecasting Services Market- By Forecasting Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Weather Forecasting Services Market- By Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Weather Forecasting Services Market- by Industry –Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Weather Forecasting Services Market- By Purpose –Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Weather Forecasting Services Market- By Forecasting Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Weather Forecasting Services Market- By Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Weather Forecasting Services Market- by Industry –Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Weather Forecasting Services Market- By Purpose –Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Weather Forecasting Services Market- By Forecasting Type –Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Weather Forecasting Services Market- By Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms, Weather Forecasting Services Market
LIST OF FIGURES
Figure 1. Weather Forecasting Services Market Segmentation
Figure 2. Weather Forecasting Services Market Segmentation - Country
Figure 3. Weather Forecasting Services Market Overview
Figure 4. Weather Forecasting Services Market, By Industry
Figure 5. Weather Forecasting Services Market, By Purpose
Figure 6. Weather Forecasting Services Market, By Forecasting Type
Figure 7. Weather Forecasting Services Market, By Organization Size
Figure 8. Weather Forecasting Services Market, By Country
Figure 9. North America PEST Analysis
Figure 10. Weather Forecasting Services Market Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. Weather Forecasting Services Market Impact Analysis of Drivers and Restraints
Figure 13. North America Weather Forecasting Services Market, Forecast and Analysis (US$ Mn)
Figure 14. Weather Forecasting Services Market Revenue Share, by Industry (2020 and 2028)
Figure 15. Agriculture: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Aviation: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Marine: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Transport and Logistics: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Energy and Utilities: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Oil and Gas: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Media: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Insurance: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Retail: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Construction and Mining: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Others: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Weather Forecasting Services Market Revenue Share, by Purpose (2020 and 2028)
Figure 27. Operational Efficiency: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Safety: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Others: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Weather Forecasting Services Market Revenue Share, by Forecasting Type (2020 and 2028)
Figure 31. Nowcast: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Short-Range: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Medium-Range: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Long-Range: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Weather Forecasting Services Market Revenue Share, by Organization Size (2020 and 2028)
Figure 36. Small and Medium-Sized Enterprises: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Large Enterprises: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. North America: Weather Forecasting Services Market, by Key Country – Revenue (2020) (USD Million)
Figure 39. North America: Weather Forecasting Services Market Revenue Share, by Key Country (2020 and 2028)
Figure 40. US: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Canada: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Mexico: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Impact of COVID-19 Pandemic in North American Country Markets
- AccuWeather, Inc.
- IBM Corporation
- DTN
- StormGeo
- Fugro
- ENAV S.p.A.
- The Tomorrow Companies Inc.
- BMT Group Ltd.
- Precision Weather
- Global Weather Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America weather forecasting services market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America weather forecasting services market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America weather forecasting services market, as well as those hindering it
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