Weather Modification Market is Expected to Touch USD 290.5 Million by 2027
According to BlueWeave Consulting, the global weather modification market is estimated to have reached USD 152.3 million in 2020 and is further projected to post USD 290.5 million by 2027, growing at a CAGR of 9.6% during 2021-2027 (forecast period).
The weather modification market is projected to grow vibrantly in the upcoming years owing to the increasing application in various end-user industries ranging from agriculture, aviation, defence to water management bodies, entertainment, and more.
Cloud seeding is a weather-modification process that involves dropping chemical agents into clouds to cause rain. Silver iodide, dry ice, and even common table salt are key chemical agents that are seeded into the upper part of clouds. This process stimulates the precipitation process and forms rain. It is a process to alter the weather conditions that comprises injecting clouds with chemical agents to modify the climate to our will.
Government Projects
Government initiatives such as increasing the adoption of weather modification technologies to enhance the water level in different countries such as India is anticipated to propel the demand for the weather modification market. Moreover, governments in countries such as India, UAE, and China are spending significantly on weather modification activities. Government initiatives promoting cloud seeding in areas facing dry spells are also a major factor that boosts the global weather modification market.
Declining Figures of Rainfall
A decline in rainfall rate across the globe due to global warming and pollution is increasing the risk of drought conditions globally. This factor is anticipated to positively impact the growth of the global weather modification market. Additionally, the rising application of cloud seeding technology in weather modification for events and pollution control is expected to propel significant growth in the market over the forecast period.
The leading players” in the global weather modification market include Weather Modification, Inc., Cloud Seeding Technologies, RHS Consulting, Ltd., North American Weather Consultants, Inc., Seeding Operations & Atmospheric Research (SOAR), Kyathi Climate Modification Consultants LLP, Ice Crystal Engineering, MettechSpA, AF Jets SdnBhd, Snowy Hydro Limited & Other prominent players.
Global Weather Modification market: Regional insights
The Asia Pacific is holding the largest market share for the weather modification market due to higher dependency of agriculture on monsoon, strong economic growth, and rising demand for water owing to the rapidly expanding population. Due to high technological advancements in North America will hold a maximum market share for weather modification shortly. Sturdy economic progress, driving the growth of the weather modification market in the MEA region. The Demand for the weather modification market has risen dramatically over the past 18 months globally.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of global weather modification market size & forecast. The report promises to provide recent technology trends in the weather modification market and industry insights that help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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