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(IT-NEWSWIRE.COM, October 16, 2019 ) Anemometers – Market Worth Around USD 538 Million by 2026
The Global Anemometers market was valued at USD XX Million in 2018 and is estimated to grow at a CAGR of 5.71% over the forecast period to reach a USD XX Million by 2026.
Increasing population along with rising energy consumption is driving the power generation industry globally. Apart from this, increasing environmental concerns on earth atmosphere that has been affected by the conventional power generation that emits carbon emission is driving the growth of renewable power generations including wind power generation. Wind power generation systems uses anemometers to set its generation capacity as per the wind speed. Wind power generation has seen strong growth over the past decade and is expected to grow further over the forecast period. Developing countries, especially in Asia are mainly focusing on developing offshore wind power generation projects. For instance, India and Vietnam are in early stages, with an offshore wind power generation potential of 27 GW (Vietnam) and 60 GW (India). Vietnam has already installed 99 MW offshore capacity. Thus this increasing wind power generation capabilities in these regions will further drive the growth of Anemometers over the forecast period. Further growing offshore wind turbine market will further drive the anemometer with remote monitoring features. Also, Increasing complex infrastructure development activities such as high rise building and high rise transport network will drive the demand for wind measuring devices. For instance, in November 2017, The Indian Railways has launched the main arch of the world’s highest bridge on the River Chenab to connect to Kashmir valley, at a height of 359 meters from riverbed. The project is initially started in 2004 and hauled in 2009, due to frequent high velocity winds in the area that can be unsafe for passenger. Thus officials have developed a software where wind velocity touches 90 kmh that measures using anemometer, should automatically signal the train to be stopped. Thus, the increasing high rise transport networks will further drive the growth of anemometers in the transport infrastructure.
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DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com
Source: EmailWire.com
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