In a recent published report, Kenneth Research has updated the market report for Cloud Seeding Equipment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cloud Seeding Equipment Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
Global cloud seeding equipment market reached USD 97.7 Million in 2016 and is expected to register a CAGR of 7.1% across the globe during 2017-2024. Moreover, the market is expected to garner USD 165.1 Million by the end of 2024. Further, the market of cloud seeding is anticipated to achieve a Y-o-Y growth rate of 9.1% in 2024 as compared to the previous year.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
Asia Pacific is slated to account for a leading share of 38.9% by 2024 in the cloud seeding equipment market. The growth in the region can be attributed to decline in rainfall rate across the globe due to global warming and pollution. Moreover, Asia Pacific cloud seeding equipment market is expected to garner USD 69.5 Million by the end of 2024. China is the prominent market in the region.
Cloud Seeding Equipment Market
Europe market is expected to expand at a significant CAGR of 5.5% during the forecast period i.e. 2017-2024. Increasing threat for water scarcity in European countries is driving the growth of market of cloud seeding equipment market in the Europe region. Russia & Germany are the major contributor to the growth of cloud seeding equipment market.
Germany is projected to grab 18.0% market share in global cloud seeding equipment market by the end of 2024. Further, Germany cloud seeding equipment market is expected to grow at a CAGR of 5.2% over the forecast period. Further, the market of cloud seeding equipment in Germany is expected to achieve Y-o-Y growth rate of 7.2% in 2024 as compared to previous year.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market).”
North America is expected to witness lucrative growth over the forecast period i.e. 2017-2024 by registering a CAGR of 6.9% over the forecast period. Global cloud seeding equipment market is segmented on the basis of mode of seeding into aerial cloud seeding and ground based cloud seeding. Further, aerial cloud seeding segment (61.5% share in 2016) occupies the largest market of cloud seeding across the globe. Further, aerial cloud seeding segment is anticipated to reach USD 97.6 Million by the end of 2024 from USD 67.6 Million in 2016. Moreover, aerial cloud seeding segment is anticipated to flourish at a CAGR of 6.5% over the forecast period.
Cloud seeding equipment market is also segmented by application into fog dissipation, hail suppression, snowfall and rainfall augmentation, other weather modifications , out of which, snowfall and rainfall augmentation captured 60.3% market share the overall cloud seeding equipment market in 2016.
Business Questions answer by the report
- How will the market drivers, restraints and opportunities affect the market dynamics?
- What will be the market size in terms of value and volume and market statistics with detailed classification?
- Which segment dominates the market or region and one will be the fastest growing and why?
- A comprehensive survey of the competitive landscape and the market participant players
- Analysis of strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority. And that’s why Kenneth Research offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
- Additional company detail analysis.
- Additional country analysis.
- Detailed segment analysis.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market).”
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