Product Code: ETC026264 | Publication Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India Meteorological Equipment Market registered a growth of 39.68% in value shipments in 2022 as compared to 2021 and an increase of 1.45% CAGR in 2022 over a period of 2017. In Meteorological Equipment Market India is becoming less competitive as HHI index in 2022 was 1955 while in 2017 it was 1184. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Meteorological Equipment Market.
India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Meteorological Equipment Market in 2022 was 2.32 while in 2017 it was 2.61. Singapore, United Arab Emirates, USA, Russian Federation and France were among the top players of the market in 2022, where Singapore acquired the largest market share of 31.35% with a shipment value of 75.25 million USD in 2022 Singapore also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Meteorological Equipment Market. In 2017 USA had the largest market share of 22.55% with the shipment value of 35.56 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although USA offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the India Meteorological Equipment Market in 2017.
India Meteorological Equipment Market is estimated to grow at a CAGR of over 6.6% during the forecast period 2020-2026. The growth in this market can be attributed to the growing awareness about climate change, technological advancements, and increasing government initiatives towards improving weather forecasting accuracy. Additionally, rising investments from public and private organizations in order to upgrade existing infrastructure are further expected to drive the market growth in India.
Some of the major drivers driving the India meteorological equipment market include increasing investments for upgrades in meteorological infrastructure, rising number of natural disasters around the world, need for real-time analytics of data collected through these instruments, as well as increased demand for advanced technologies such as satellite imagery and radar systems. Additionally, government initiatives towards mitigating potential financial losses due to natural disasters have resulted in higher deployment of meteorological equipment across various industries such as agriculture & forestry which require accurate forecasts on climatic conditions. This factor has also helped spur investment into related software & hardware solutions which help provide better insights into how weather patterns affect certain regions or countries allowing companies to make more informed decisions on their business operations accordingly leading to increased adoption rate thereby providing an impetus for growth within this sector.. Furthermore , other factors like reduced cost associated with these instruments due to high competition among manufacturers , availability of financing options making them accessible even by small scale firms are other reasons that contribute significantly towards its growth.
The major challenge faced by players operating within Indian Meteorological Equipment Market is posed by limited availability of funds allocated towards research activities pertaining specifically regarding Weather Forecasting especially when compared against developed nations .In addition emerging economies struggle with lack of resources necessary for setting up sophisticated infrastructures capable enough leverage latest techniques such us artificial intelligence or machine learning algorithms .Apart from this another limiting factor pertains difficulty obtaining reliable datasets owing frequent power outages along with inadequate skilled personnel required operate complex equipments used analyze weather phenomena all resulting low precision levels associated predictions made using them.[citation needed] Lastly high maintenance costs coupled replacement components needed keep operational often proves prohibitively expensive many users hinder progress despite significant efforts taken improve system efficiency thus creating impediment overall Industry’s development prospects near future.
Some trends observed recently within India Meteorology Equipment industry includes proliferation Cloud Computing services allowing companies store access large amount information remotely without incurring heavy expenses associated physical storage devices bringing down total cost ownership drastically plus offering
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Meteorological Equipment Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Meteorological Equipment Market Revenues & Volume, 2019 & 2026F |
3.3 India Meteorological Equipment Market - Industry Life Cycle |
3.4 India Meteorological Equipment Market - Porter's Five Forces |
3.5 India Meteorological Equipment Market Revenues & Volume Share, By Instruments, 2019 & 2026F |
3.6 India Meteorological Equipment Market Revenues & Volume Share, By End-users, 2019 & 2026F |
3.7 India Meteorological Equipment Market Revenues & Volume Share, By Distribution Channel, 2019 & 2026F |
4 India Meteorological Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Meteorological Equipment Market Trends |
6 India Meteorological Equipment Market, By Types |
6.1 India Meteorological Equipment Market, By Instruments |
6.1.1 Overview and Analysis |
6.1.2 India Meteorological Equipment Market Revenues & Volume, By Instruments, 2016 - 2026F |
6.1.3 India Meteorological Equipment Market Revenues & Volume, By Anemometer, 2016 - 2026F |
6.1.4 India Meteorological Equipment Market Revenues & Volume, By Hygrometer, 2016 - 2026F |
6.1.5 India Meteorological Equipment Market Revenues & Volume, By Thermometer, 2016 - 2026F |
6.1.6 India Meteorological Equipment Market Revenues & Volume, By Barometer, 2016 - 2026F |
6.1.7 India Meteorological Equipment Market Revenues & Volume, By Pyrometer, 2016 - 2026F |
6.1.8 India Meteorological Equipment Market Revenues & Volume, By Ceilometer, 2016 - 2026F |
6.1.9 India Meteorological Equipment Market Revenues & Volume, By Others, 2016 - 2026F |
6.1.10 India Meteorological Equipment Market Revenues & Volume, By Others, 2016 - 2026F |
6.2 India Meteorological Equipment Market, By End-users |
6.2.1 Overview and Analysis |
6.2.2 India Meteorological Equipment Market Revenues & Volume, By Research Institute, 2016 - 2026F |
6.2.3 India Meteorological Equipment Market Revenues & Volume, By Weather Forecasting, 2016 - 2026F |
6.2.4 India Meteorological Equipment Market Revenues & Volume, By Chemical Industry, 2016 - 2026F |
6.2.5 India Meteorological Equipment Market Revenues & Volume, By Biotechnical Industry, 2016 - 2026F |
6.2.6 India Meteorological Equipment Market Revenues & Volume, By Weather Station, 2016 - 2026F |
6.2.7 India Meteorological Equipment Market Revenues & Volume, By Environmental Study, 2016 - 2026F |
6.2.8 India Meteorological Equipment Market Revenues & Volume, By Other, 2016 - 2026F |
6.2.9 India Meteorological Equipment Market Revenues & Volume, By Other, 2016 - 2026F |
6.3 India Meteorological Equipment Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 India Meteorological Equipment Market Revenues & Volume, By B2B, 2016 - 2026F |
6.3.3 India Meteorological Equipment Market Revenues & Volume, By B2C, 2016 - 2026F |
6.3.4 India Meteorological Equipment Market Revenues & Volume, By Hypermarkets, 2016 - 2026F |
6.3.5 India Meteorological Equipment Market Revenues & Volume, By Specialty stores, 2016 - 2026F |
6.3.6 India Meteorological Equipment Market Revenues & Volume, By Online stores, 2016 - 2026F |
6.3.7 India Meteorological Equipment Market Revenues & Volume, By Others, 2016 - 2026F |
7 India Meteorological Equipment Market Import-Export Trade Statistics |
7.1 India Meteorological Equipment Market Export to Major Countries |
7.2 India Meteorological Equipment Market Imports from Major Countries |
8 India Meteorological Equipment Market Key Performance Indicators |
9 India Meteorological Equipment Market - Opportunity Assessment |
9.1 India Meteorological Equipment Market Opportunity Assessment, By Instruments, 2019 & 2026F |
9.2 India Meteorological Equipment Market Opportunity Assessment, By End-users, 2019 & 2026F |
9.3 India Meteorological Equipment Market Opportunity Assessment, By Distribution Channel, 2019 & 2026F |
10 India Meteorological Equipment Market - Competitive Landscape |
10.1 India Meteorological Equipment Market Revenue Share, By Companies, 2019 |
10.2 India Meteorological Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |