Wind LiDAR Market Poised for Robust Growth, forecasted to Expand at 8.23% CAGR from 2024-30
MarkNtel Advisors has released its latest report highlighting strong growth in The Global Wind LiDAR Market size is estimated to grow at a CAGR of around 8.23% during the forecast period, i.e., 2024–30.
Report Coverage
This report offers a comprehensive analysis of the Wind LiDAR Market, providing valuable insights across historical trends, current dynamics, and future forecasts.
- Base Year: 2023
- Forecast Years: 2024-30
- Historical Years: 2019-22
Wind LiDAR Market Overview
The global thrust towards renewable energy sources, particularly wind energy, is a significant driver for the growth of the Wind LiDAR Industry. As governments and organizations worldwide aim to reduce carbon emissions and transition to cleaner energy sources, the demand for Wind LiDAR technology increases to optimize wind farm efficiency and productivity. In addition, the demand for wind LiDAR has increased substantially due to surged offshore wind development, effective weather analysis demand, etc. Governments across the globe, including those of China, Japan, and the UK, are prioritizing offshore wind farm projects to meet ambitious renewable energy targets and enhance energy security.
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Wind LiDAR Market Segmentation Outlook
The Wind LiDAR is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Product Type
- Vertical Profiling Wind LiDAR - Market Size & Forecast 2019-2030, (Thousand Units)
- Ground-Based Wind LiDAR- Market Size & Forecast 2019-2030, (Thousand Units)
- Nacelle-Mounted Wind LiDAR- Market Size & Forecast 2019-2030, (Thousand Units)
- Airborn Wind LiDAR- Market Size & Forecast 2019-2030, (Thousand Units)
- Others (3D Scanning Wind LiDAR, etc.)- Market Size & Forecast 2019-2030, (Thousand Units)
By Component
- Sensor- Market Size & Forecast 2019-2030, (Thousand Units)
- Navigator- Market Size & Forecast 2019-2030, (Thousand Units)
- Laser- Market Size & Forecast 2019-2030, (Thousand Units)
- Others (Optic, Scanner, etc.)- Market Size & Forecast 2019-2030, (Thousand Units)
By Location
- Onshore- Market Size & Forecast 2019-2030, (Thousand Units)
- Offshore- Market Size & Forecast 2019-2030, (Thousand Units)
By Application
- Wind Power- Market Size & Forecast 2019-2030, (Thousand Units)
- Meteorology & Environment- Market Size & Forecast 2019-2030, (Thousand Units)
- Aviation- Market Size & Forecast 2019-2030, (Thousand Units)
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Wind LiDAR Market Driver
Increasing Investment in Wind Energy Installations Driving Market Growth – The transition towards cleaner and more sustainable energy sources is a global imperative, driven by environmental concerns and the need to reduce dependence on fossil fuels. The renewable energy sector, encompassing various sources like wind, solar, and hydropower, has gained prominence as a key solution to address climate change and promote energy security. Wind power has emerged as a pivotal contributor to the global energy mix. Governments, industries, and communities worldwide are actively investing in wind energy installations, both onshore and offshore. Wind energy offers a clean and abundant resource that significantly contributes to meeting electricity demand while minimizing environmental impact.
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Top Wind LiDAR Market Brands & Their Strategic Market Positioning
MarkNtel Advisors Research identifies Vaisala, Movelaser, ZX Lidars, John Wood Group PLC, Lockheed Martin Corporation, QINGDAO Leice Transient Technology Co., Ltd, Seaglet Co. Ltd., Lumibird group, Windar Photonics A/S, Mitsubishi Electric Corporation, AQ Systems, MGW TRADE & SERVICE PTY LTD, Raymetrics, Ventus Group, and Others as key players shaping the market landscape.
Wind LiDAR Market News
- In 2023: ZX Lidars announced the opening of its new research, development, and production facility at 'Willow End' in Malvern Hills. The company aims to expand its business in wind LiDAR, which measures onshore and offshore wind.
Key Questions Answered in the Report
- What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
- How the industry has been evolving, and which segments would dominate the market during the forecast period?
- What are the key opportunity areas that companies foresee in the coming years 2030?
- Who are the key players in the market, and what are their competitive strengths?
- What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?
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