South & Central America Wind Anemometer Market Forecast to 2030 - Regional Analysis - by Measuring Type (Velocity Anemometers and Pressure Anemometers), Anemometers Type (Mechanical, Ultrasonic, and Others), and Application (Onshore and Offshore)
The South & Central America wind anemometer market was valued at US$ 5.38 million in 2022 and is expected to reach US$ 6.95 million by 2030; it is estimated to grow at a CAGR of 3.3% from 2022 to 2030.
Development of Offshore Wind Farms Bolsters South & Central America Wind Anemometer Market
Offshore wind power is one of the fast-growing solutions to the world's need for clean and renewable energy. Wind farm technology is advancing rapidly, with increasing attention paid to offshore wind farms placed in deep waters and away from the shore than traditional wind farms. In addition, offshore wind farms have a significantly smaller environmental footprint than fossil fuel plants and deliver no greenhouse gas emissions. They also offer an environment for marine life, with the platforms operating as artificial reefs that attract fish and other aquatic species. Before constructing offshore wind farms, developers must assess the potential locations' wind conditions. Wind anemometers are essential for accurately measuring wind speed, direction, and other environmental factors at sea, helping identify suitable and optimal locations for offshore wind turbines. This drives the demand for specialized offshore anemometer systems. Also, detailed wind resource assessments are essential to determine the energy production potential of an offshore wind farm. Wind anemometers provide the data needed to estimate the energy output, helping developers make informed investment decisions and secure financing for these large-scale projects.
Moreover, the development of offshore wind farms has driven technological and innovation advancement in the renewable energy industry, indicating improved performance and reduced costs. Once installed, offshore wind farms have lower operating costs than traditional fossil fuel plants. The governments of several countries and various companies are developing new offshore farms. Hence, with the increase in the development of offshore wind farms, the demand for wind anemometers is anticipated to grow, bolstering the wind anemometer market growth.
South & Central America Wind Anemometer Market Overview
The South & Central America wind anemometer market is segmented into Brazil, Argentina, and the Rest of South & Central America. The decrease in the production cost of offshore wind turbines is propelling the wind energy projects in South & Central America. Various countries in South & Central America are adopting wind power projects. According to the Global Wind Energy Council (GWEC), Brazil led wind power progression in Latin America using 2.3 GW of new capacity in 2020. Argentina and Chile serve to make 2020 the best year ever for wind power in the region with wind energy production. Also, according to GWEC, in 2020, Brazil ranked seventh in the world wind power ranking.
Various countries in the region are building wind farms. For instance, in April 2021, Statkraft developed a 102 MW Torsa wind power project in Chile. The developed wind project is located in the O'Higgins region, 124 km south of Santiago. The project consists of three wind farms and 19 wind turbines. Thus, the increase in wind power projects in the region propels the growth of the wind anemometer market as wind power projects have applications in wind monitoring and measuring wind direction.
South & Central America Wind Anemometer Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Wind Anemometer Market Segmentation
The South & Central America wind anemometer market is segmented based on measuring type, anemometers type, applications, and country.
Based on measuring type, the South & Central America wind anemometer market is bifurcated into velocity anemometers and pressure anemometers. The velocity anemometers segment held a larger share in 2022.
Based on anemometers type, the South & Central America wind anemometer market is segmented into mechanical, ultrasonic, and others. The mechanical segment held the largest share in 2022.
In terms of applications, the South & Central America wind anemometer market is bifurcated into onshore and offshore. The onshore segment held a larger share in 2022.
Based on country, the South & Central America wind anemometer market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America wind anemometer market in 2022.
Vaisala Oyj, Gill Instruments Ltd, Lambrecht meteo GmbH, and Campbell Scientific Inc are some of the leading companies operating in the South & Central America wind anemometer market.
Development of Offshore Wind Farms Bolsters South & Central America Wind Anemometer Market
Offshore wind power is one of the fast-growing solutions to the world's need for clean and renewable energy. Wind farm technology is advancing rapidly, with increasing attention paid to offshore wind farms placed in deep waters and away from the shore than traditional wind farms. In addition, offshore wind farms have a significantly smaller environmental footprint than fossil fuel plants and deliver no greenhouse gas emissions. They also offer an environment for marine life, with the platforms operating as artificial reefs that attract fish and other aquatic species. Before constructing offshore wind farms, developers must assess the potential locations' wind conditions. Wind anemometers are essential for accurately measuring wind speed, direction, and other environmental factors at sea, helping identify suitable and optimal locations for offshore wind turbines. This drives the demand for specialized offshore anemometer systems. Also, detailed wind resource assessments are essential to determine the energy production potential of an offshore wind farm. Wind anemometers provide the data needed to estimate the energy output, helping developers make informed investment decisions and secure financing for these large-scale projects.
Moreover, the development of offshore wind farms has driven technological and innovation advancement in the renewable energy industry, indicating improved performance and reduced costs. Once installed, offshore wind farms have lower operating costs than traditional fossil fuel plants. The governments of several countries and various companies are developing new offshore farms. Hence, with the increase in the development of offshore wind farms, the demand for wind anemometers is anticipated to grow, bolstering the wind anemometer market growth.
South & Central America Wind Anemometer Market Overview
The South & Central America wind anemometer market is segmented into Brazil, Argentina, and the Rest of South & Central America. The decrease in the production cost of offshore wind turbines is propelling the wind energy projects in South & Central America. Various countries in South & Central America are adopting wind power projects. According to the Global Wind Energy Council (GWEC), Brazil led wind power progression in Latin America using 2.3 GW of new capacity in 2020. Argentina and Chile serve to make 2020 the best year ever for wind power in the region with wind energy production. Also, according to GWEC, in 2020, Brazil ranked seventh in the world wind power ranking.
Various countries in the region are building wind farms. For instance, in April 2021, Statkraft developed a 102 MW Torsa wind power project in Chile. The developed wind project is located in the O'Higgins region, 124 km south of Santiago. The project consists of three wind farms and 19 wind turbines. Thus, the increase in wind power projects in the region propels the growth of the wind anemometer market as wind power projects have applications in wind monitoring and measuring wind direction.
South & Central America Wind Anemometer Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Wind Anemometer Market Segmentation
The South & Central America wind anemometer market is segmented based on measuring type, anemometers type, applications, and country.
Based on measuring type, the South & Central America wind anemometer market is bifurcated into velocity anemometers and pressure anemometers. The velocity anemometers segment held a larger share in 2022.
Based on anemometers type, the South & Central America wind anemometer market is segmented into mechanical, ultrasonic, and others. The mechanical segment held the largest share in 2022.
In terms of applications, the South & Central America wind anemometer market is bifurcated into onshore and offshore. The onshore segment held a larger share in 2022.
Based on country, the South & Central America wind anemometer market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America wind anemometer market in 2022.
Vaisala Oyj, Gill Instruments Ltd, Lambrecht meteo GmbH, and Campbell Scientific Inc are some of the leading companies operating in the South & Central America wind anemometer market.
1. INTRODUCTION
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SOUTH & CENTRAL AMERICA WIND ANEMOMETERS MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. SOUTH & CENTRAL AMERICA WIND ANEMOMETERS MARKET - KEY INDUSTRY DYNAMICS
5.1 South & Central America Wind Anemometers Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing Demand For Renewable Energy Sources
5.2.2 Growing Awareness Of Climate Change
5.3 Market Restraints
5.3.1 High Initial Investment and Maintenance Costs
5.3.2 Scarcity of Skilled Professionals
5.4 Market Opportunities
5.4.1 Development Of Advanced and Innovative Wind Anemometers
5.4.2 Increasing in Use of Wind Anemometers in Aviation and Weather Monitoring Applications
5.5 Future Trends
5.5.1 Development of Offshore Wind Farms
5.6 Impact of Drivers and Restraints:
6. WIND ANEMOMETERS MARKET - SOUTH & CENTRAL AMERICA MARKET ANALYSIS
6.1 South & Central America Wind Anemometers Market Revenue (US$ Million), 2022 - 2030
6.2 South & Central America Wind Anemometers Market Forecast and Analysis
7. SOUTH & CENTRAL AMERICA WIND ANEMOMETERS MARKET ANALYSIS - MEASURING TYPE
7.1 Velocity Anemometers
7.1.1 Overview
7.1.2 Velocity Anemometers Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Pressure Anemometers
7.2.1 Overview
7.2.2 Pressure Anemometers Market, Revenue and Forecast to 2030 (US$ Million)
8. SOUTH & CENTRAL AMERICA WIND ANEMOMETERS MARKET ANALYSIS - ANEMOMETERS TYPE
8.1 Mechanical
8.1.1 Overview
8.1.2 Mechanical Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Ultrasonic
8.2.1 Overview
8.2.2 Ultrasonic Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Others
8.3.1 Overview
8.3.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
9. SOUTH & CENTRAL AMERICA WIND ANEMOMETERS MARKET ANALYSIS - APPLICATION
9.1 Onshore
9.1.1 Overview
9.1.2 Onshore Market Revenue and Forecasts to 2030 (US$ Million)
9.2 Offshore
9.2.1 Overview
9.2.2 Offshore Market Revenue and Forecasts to 2030 (US$ Million)
10. SOUTH & CENTRAL AMERICA WIND ANEMOMETERS MARKET - COUNTRY ANALYSIS
10.1 South & Central America
10.1.1 South & Central America Wind Anemometers Market Overview
10.1.2 South & Central America Wind Anemometers Market, Breakdown, by Country
10.1.3 South & Central America Wind Anemometers Market Revenue and Forecasts and Analysis - By Country
10.1.3.1 South & Central America Wind Anemometers Market Revenue and Forecasts and Analysis - By Country
10.1.3.2 Brazil Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.2.1 Brazil Wind Anemometers Market Breakdown by Measuring Type
10.1.3.2.2 Brazil Wind Anemometers Market Breakdown by Anemometers Type
10.1.3.2.3 Brazil Wind Anemometers Market Breakdown by Application
10.1.3.3 Argentina Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.3.1 Argentina Wind Anemometers Market Breakdown by Measuring Type
10.1.3.3.2 Argentina Wind Anemometers Market Breakdown by Anemometers Type
10.1.3.3.3 Argentina Wind Anemometers Market Breakdown by Application
10.1.3.4 Rest of South & Central America Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.4.1 Rest of South & Central America Wind Anemometers Market Breakdown by Measuring Type
10.1.3.4.2 Rest of South & Central America Wind Anemometers Market Breakdown by Anemometers Type
10.1.3.4.3 Rest of South & Central America Wind Anemometers Market Breakdown by Application
11. INDUSTRY LANDSCAPE
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. COMPANY PROFILES
12.1 Vaisala Oyj
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Gill Instruments Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Lambrecht meteo GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Campbell Scientific Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. APPENDIX
13.1 About The Insight Partners
13.2 Word Index
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SOUTH & CENTRAL AMERICA WIND ANEMOMETERS MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. SOUTH & CENTRAL AMERICA WIND ANEMOMETERS MARKET - KEY INDUSTRY DYNAMICS
5.1 South & Central America Wind Anemometers Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing Demand For Renewable Energy Sources
5.2.2 Growing Awareness Of Climate Change
5.3 Market Restraints
5.3.1 High Initial Investment and Maintenance Costs
5.3.2 Scarcity of Skilled Professionals
5.4 Market Opportunities
5.4.1 Development Of Advanced and Innovative Wind Anemometers
5.4.2 Increasing in Use of Wind Anemometers in Aviation and Weather Monitoring Applications
5.5 Future Trends
5.5.1 Development of Offshore Wind Farms
5.6 Impact of Drivers and Restraints:
6. WIND ANEMOMETERS MARKET - SOUTH & CENTRAL AMERICA MARKET ANALYSIS
6.1 South & Central America Wind Anemometers Market Revenue (US$ Million), 2022 - 2030
6.2 South & Central America Wind Anemometers Market Forecast and Analysis
7. SOUTH & CENTRAL AMERICA WIND ANEMOMETERS MARKET ANALYSIS - MEASURING TYPE
7.1 Velocity Anemometers
7.1.1 Overview
7.1.2 Velocity Anemometers Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Pressure Anemometers
7.2.1 Overview
7.2.2 Pressure Anemometers Market, Revenue and Forecast to 2030 (US$ Million)
8. SOUTH & CENTRAL AMERICA WIND ANEMOMETERS MARKET ANALYSIS - ANEMOMETERS TYPE
8.1 Mechanical
8.1.1 Overview
8.1.2 Mechanical Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Ultrasonic
8.2.1 Overview
8.2.2 Ultrasonic Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Others
8.3.1 Overview
8.3.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
9. SOUTH & CENTRAL AMERICA WIND ANEMOMETERS MARKET ANALYSIS - APPLICATION
9.1 Onshore
9.1.1 Overview
9.1.2 Onshore Market Revenue and Forecasts to 2030 (US$ Million)
9.2 Offshore
9.2.1 Overview
9.2.2 Offshore Market Revenue and Forecasts to 2030 (US$ Million)
10. SOUTH & CENTRAL AMERICA WIND ANEMOMETERS MARKET - COUNTRY ANALYSIS
10.1 South & Central America
10.1.1 South & Central America Wind Anemometers Market Overview
10.1.2 South & Central America Wind Anemometers Market, Breakdown, by Country
10.1.3 South & Central America Wind Anemometers Market Revenue and Forecasts and Analysis - By Country
10.1.3.1 South & Central America Wind Anemometers Market Revenue and Forecasts and Analysis - By Country
10.1.3.2 Brazil Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.2.1 Brazil Wind Anemometers Market Breakdown by Measuring Type
10.1.3.2.2 Brazil Wind Anemometers Market Breakdown by Anemometers Type
10.1.3.2.3 Brazil Wind Anemometers Market Breakdown by Application
10.1.3.3 Argentina Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.3.1 Argentina Wind Anemometers Market Breakdown by Measuring Type
10.1.3.3.2 Argentina Wind Anemometers Market Breakdown by Anemometers Type
10.1.3.3.3 Argentina Wind Anemometers Market Breakdown by Application
10.1.3.4 Rest of South & Central America Wind Anemometers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.4.1 Rest of South & Central America Wind Anemometers Market Breakdown by Measuring Type
10.1.3.4.2 Rest of South & Central America Wind Anemometers Market Breakdown by Anemometers Type
10.1.3.4.3 Rest of South & Central America Wind Anemometers Market Breakdown by Application
11. INDUSTRY LANDSCAPE
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. COMPANY PROFILES
12.1 Vaisala Oyj
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Gill Instruments Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Lambrecht meteo GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Campbell Scientific Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. APPENDIX
13.1 About The Insight Partners
13.2 Word Index
