In 2021, India’s need for hydrological and meteorological equipment is expected to increase by over 5%, with increasing applications in disaster management anticipated to generate opportunities. According to a new report by FMI, India’s need for hydrological and meteorological services will be worth approximately $100 million by 2030.
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Historical and Future Outlook
Meteorological equipment is being employed widely across various research organizations as well as chemical manufacturing plants. The demand for such equipment has always been higher, as various chemicals are produced on distinct and precise parameters. Additionally, meteorological equipment is highly utilized by airports, gaining immense popularity in last few years.
Weather is an essential factor accountable for the proper functioning of all businesses. Companies are increasing their focus on predicting climatic conditions to minimize the risk of losses by taking actionable decisions, such as the aviation industry which use these devices to charter flight paths to save jet stream and avoid turbulence.
Key Takeaways
- The hydrological and meteorological equipment market is expected to grow at a CAGR of 5.8% from 2020-2030.
- Global revenues are set to reach nearly US$ 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.
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.
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- Surface Water Velocity Sensors
- Current Meters
- Groundwater Level Logger
- Radar Water Level Sensors
- Compact Bubblers
- Pressure Level Sensors
- Multi-parameter Water Quality Sonde
Hydrological Equipment End Users
- Central Water Resources Management Department
- Irrigation Department
- Agriculture
- Water Utility Companies
- Hydropower Plants
- National Hydrological Projects
- Research and Academia
Meteorological Equipment Type
- Rain Gauge
- Precipitation gauge Measurement
- Disdrometer (Parsivel- laserWeather sensor)
- Wind Speed and Direction Sensor
- Ceilometers
- AT/RH Sensor
- Snow Depth Sensors
Meteorological Equipment End Users
- Indian Meteorological Department
- Space Research & Sciences (ISRO, NESAC)
- Environmental Engineering & Audit Agencies (NEERI, TERI, etc.)
- Marine & Costal Security
- Research Institutes Laboratories (SASE, IISER, NIOT)
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.
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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