During the forecast period, the cloud seeding system market is anticipated to grow at a moderate rate of 7.1%. The cloud-seeding system market is expected to be worth US$ 119.2 million in 2022.
By the year 2032, it is predicted that the market for cloud-seeding system software will reach a high of US$ 236.0 million. The experts at Future Market Insights have calculated a historical CAGR of 3.8% for the relevant market. Due to the unpredictable weather, cloud-seeding systems, which are used to suppress storms or bring rain to draught-affected areas, are becoming more popular on the global market.
It has been determined that dry ice, silver iodide, and potassium iodide are the most frequently used chemicals for cloud seeding.
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Cloud-seeding System market : Drivers and Challenges
The major growth drivers of the Cloud-seeding System market include increasing demand of water sources and increasing demand from agriculture across the world. In addition, Use of Cloud-seeding System in dispersing fog and mitigate hail damage shall drive the growth of Cloud-seeding System market. Advancements in agriculture industry across the globe has led to growth of the Cloud-seeding System across the globe.
However, the major challenge faced by the Cloud-seeding System providers are high Cloud-seeding System infrastructure cost incurred. Lack of awareness of the benefits and operational effectiveness of the technologically advanced systems may have negative impact on the Cloud-seeding System market.
Uncertainty about the deployment of these systems because of the high initial investment needed may hamper the growth of the Cloud-seeding System market across the globe.
Cloud-seeding System market: Regional Overview
Asia Pacific is holding the largest market share for Cloud-seeding System market due to higher dependency of agriculture on monsoon, strong economic growth and rising demand of water owing to rapidly expanding population.
Due to high technological advancements in North America will hold maximum market share for Cloud-seeding System in near future. Sturdy economic progress, driving the growth of Cloud-seeding System market in MEA region. The Demand for Cloud-seeding System market has risen dramatically over the past 18 months globally.
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Recent Developments
- in April 2022, the Saudi Arabia Council of Ministers announced the inauguration of a cloud seeding program over three cities to increase rainfall.
- Apeiron Aerospace, a firm floated by Sanjeev Rao last year exhibited its model at India Aviation 2012 here recently. Apeiron, which has tied up with Bangalore-based Krishi Air Private Limited, feels there is a market for such UAVs in India.
- In 2009, Siri Aviation, an Indian-based cloud seeding start-up, came into existence. Founded by two software students, the company is engaged in cloud seeding which induces weather pattern modifications via injection of sodium chloride, silver iodide, and dry ice into clouds. The company offers turnkey cloud seeding solutions and has drawn up ambitious plans.
Some of the key players proliferating in the market are
- Crystal Engineering LLC.
- RHS Consulting
- Weather Modification Inc.
- North American Weather Consultants Inc
- Redington
- Snowy Hydro Ltd.
- Mettech S.p.A.
Key Segments in The Cloud Seeding System Market
By Type:
- Aerial-Cloud Seeding
- Ground-Based Cloud Seeding
By Flare:
- Static Cloud Seeding System
- Dynamic Cloud Seeding System
- Hygroscopic Cloud Seeding System
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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