Weather Forecasting is Now a Popular and Important Source for Agriculture Industry

Weather Forecasting is Now a Popular and Important Source for Agriculture Industry

Weather Forecasting Services Market by Industry (Renewable Energy, Oil & Gas, Shipping, Media, Agriculture, Insurance, Retail, Aviation), Purpose (Safety, Operational Efficiency), Forecasting Type (Short, Medium, Long) and Region – Global Forecast to 2021.

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Weather forecasting services market is projected to grow from USD 1.10 Billion in 2016 to USD 1.56 Billion by 2021, at a CAGR of 7.15% during the forecast period.

Factors such rapid industrialization, growth in transportation (aviation and shipping), constant measures to reduce emission of greenhouse gases, increase in the production of clean energy (renewable energy), and increase in demand for more reliable and accurate weather forecast are some of the key factors that are expected to drive the weather forecasting services market during the forecast period.

Based on industry, the renewable energy segment is expected to lead the weather forecasting services market during the forecast period 

On the basis of industry, the Weather Forecasting Services Market has been segmented into renewable energy, oil & gas, shipping, media, agriculture, insurance, retail, aviation, utility, and others. The renewable energy segment is expected to lead the weather forecasting services market during the forecast period.

Based on purpose, the operational efficiency segment is expected to grow at the highest CAGR during the forecast period 

The weather forecasting services market has been segmented on the basis of purpose into operational efficiency, safety, and others. The operational efficiency segment is anticipated to grow at the highest CAGR during the forecast period.

The Asia Pacific weather forecasting services market is expected to grow at the highest CAGR during the forecast period 

The weather forecasting services market in Asia-Pacific is estimated to account for the largest share in 2016. The weather forecasting services market in Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

Major players operating in the weather forecasting services market are

StormGeo (Norway), BMT Group (U.K.), Fugro (Netherlands), ENAV spa (Europe), The Weather Company (U.S.), Global Weather Company (U.S.), Mateoblue (U.S.), Precision Weather (U.S.), METEO Group (U.K.), and Met Office (U.K.)

Browse 75 market data tables and 52 figures spread through 159 pages and in-depth TOC

https://tinyurl.com/n7phsk7

https://www.linkedin.com/pulse/weather-forecasting-services-market-worth-156-billion-vedika-s

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