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. Additionally, escalating utilization in the aerospace and aviation industry is driving the market.
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.
An increasing number of weather modification providers investing in building in-house research facilities to gather effective seeding methods to expand end-users base is expected to strongly influence the market across the globe.
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. The United Nations predicts that 14% of the world’s population will suffer from water scarcity by 2026.
Aerial cloud seeding equipment segment occupies the major share of the global weather modification market
In a mode of seeding segment, the aerial cloud seeding equipment segment has dominated the global weather modification market with a major market share and is expected to dominate the overall cloud seeding equipment market during the forecast period i.e., 2021-2027. However, in such techniques, the seeding has to be done directly into the clouds and due to this aerial cloud seeding can be dangerous for rainmakers. A safer technique for cloud seeding can have a better future since there is no risk to human lives. Moreover, the aerial cloud seeding equipment segment is expected to observe a growth rate of 1.5x over the forecast period.
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.
Global Weather Modification Market: By Mode of Seeding
By mode of seeding, the global weather modification market is segmented into aerial cloud seeding equipment and ground-based cloud seeding equipment. Aerial cloud seeding equipment has dominated the market due to its effectiveness and the ease of covering large areas in a short period.
Global Weather ModificationMarket: By Application
By Application, the market is segmented into seeding for fog dissipation, snowfall and rainfall augmentation, hail suppression, and others.
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.
Global Weather Modification market: Competitive Landscape
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.
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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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