Demand for hydrological and meteorological equipment in India is set to grow at over 5% in 2021, with growing applications in disaster management likely to create opportunities. A new report by FMI opines demand for hydrological and meteorological in India to be worth nearly US$ 100 Mn by 2030-end.
Current meters, rain gauge, disdrometer, compact bubblers and data loggers are a few hydrological and meteorological equipment. Rising need for regular weather monitoring to set disaster management in motion is expected to drive the hydrological and meteorological market in India.
- The hydrological and meteorological equipment market is expected to grow at a CAGR of 5.8% from 2020-2030.
- Global revenues are set to reach nearly US$ 100 mn by the end of 2030
- AT/RH sensors demand is growing due to their high accuracy and remote monitoring feature.
- Research Institutes and Laboratories remain key revenue generators for manufacturers.
“Increasing climatic changes have created lucrative opportunities for the manufacturers as more end users are being compelled to make use of hydrological and meteorological equipments to get accurate weather predictions,” says an FMI analyst.
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COVID-19 Impact Analysis
The COVID-19 pandemic has disrupted industries all over the world, including the hydrological and meteorological equipment market in India. The sudden implementation of lockdown in India had brought production and import of raw materials to a standstill. The transport ban has also brought distribution and sales to a halt.
The market is expected to bounce back in 2021 due to the necessary need for weather prediction for disaster management, especially in the defense sector, where this information is critical.
Who is Winning?
Market players are now focusing on creating innovative and advanced equipment to ensure better accuracy of readings. Advancements of sensors and monitoring devices has enabled measuring of density and temperature pressure in real time.
- In 2018, the Weather Company and IBM joined forces to launch the weather channel app to provide better weather forecast to make business plans accordingly.
- In October 2020, the Indian Defense sector bought weather equipment to read forecasts and prepare accordingly for the troops in high-altitude regions.
Some of the key players in the Indian hydrological and meteorological equipment market are Aeron Systems, Info-Electronics, Concord Instruments, SGS Weather and Environmental Systems, Dynalab, Elron Instrument Co. Ltd. and Virtual Electronics Company.
Valuable Insights into the India Hydrological and Meteorological Equipment Market Report
Future Market Insights (FMI) has presented a detailed analysis on the hydrological and meteorological equipment market along with an assessment for the years 2020-2030. In order to provide a comprehensive analysis, the market is divided into several segments.
On the basis of hydrological equipment type, the market is segmented into surface water velocity sensors, current meters, groundwater level logger, radar water level sensors, compact bubblers, pressure level sensors, multi-parameter water quality sonde, contact gauge, side looking doppler and data loggers. Based on the hydrological equipment end users, the market is divided into central water resources management department, irrigation department, agriculture, water utility companies, hydropower plants, national hydrological projects and research & academia.
The market is segmented based on meteorological equipment into rain gauge, precipitation gauge measurement, disdrometer (parsivel- laser weather sensor), wind speed & direction sensor, ceilometers, AT/RH sensor, snow depth sensors, snow gauge and data loggers. On the basis of meteorological equipment end users, the market is divided into Indian Meteorological Department, Space Research & Sciences (ISRO, NESAC), environmental engineering & audit agencies (NEERI, TERI etc.), Marine & coastal security and research institutes laboratories (SASE, IISER, NIOT).
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Key Questions Answered by the Report
- How will the India hydrological and meteorological grow through 2030?
According to FMI, the market is expected to rise at 5.8 % CAGR between 2020 and 2030, attributed to widespread applications across various academic and research institutes and end-use industries
- Who are the leading players in India hydrological and meteorological landscape?
Some leading companies operating in the India hydrological and meteorological equipment market are Geomax AG, Hach Company, Gill Instruments Limited, SEBA Hydrometrie GmbH & Co. KG, Vaisala Oyj, In-Situ Inc., Virtual Hydromet, K. R. Instruments, Kaizen Imperial, Aveli Global Engineering Solutions Pvt. Ltd., and Info Electronics Systems India Pvt. Ltd. among others
- What are the key challenges faced by the India hydrological and meteorological equipment manufacturers?
Large scale industries are adopting climate forecasts on a higher scale. However, small and medium scale industries in India still do not calculate climatic risk while exercising business activities. Furthermore, complexity of equipment and lack of accuracy for small scale weather predictions is hampering the growth of the market
- Which entity accounts for highest demand for hydrological and meteorological equipment in India?
According to FMI, the Indian Meteorological Department is leading the market. It is an agency of the Ministry of Earth Sciences of the Government of India that is accountable for meteorological observations, weather forecasting, and seismology