“Cloud Seeding Technology Market: Global Demand Analysis & Opportunity Outlook 2021”
The global cloud seeding technology market is segmented by mode of seeding such as aerial cloud seeding equipment and ground-based cloud seeding equipment. Among these segments, aerial cloud seeding equipment segment is expected to witness significant growth over the forecast period. Aerial cloud seeding equipment includes flare racks and drones. The rise of the aerial cloud seeding equipment segment is backed by continuous introduction of advanced drones which are being adopted as a perfect solution for cloud seeding. Further, development of unmanned cloud seeding technologies is predicted to drive the growth of this segment over the forecast period.
Global cloud seeding technology market is likely to grow at a considerable CAGR over the forecast period. Moreover, the global cloud seeding technology market is expected to reach at notable revenue by the end of 2024. Rainfall is a very essential source of clean water for plants and animals. Further, decline in rainfall rate across the globe due to global warming and pollution is increasing the threat of draught conditions globally. Moreover, the adoption of cloud seeding technology is anticipated to increase in near future due to its advantages such as weather regulation and curb pollution.
Asia-Pacific cloud seeding technology market is envisioned to grow at maximum pace over the forecast period. Agriculture sector is the major consumer of overall Asia water consumption and more than 2.2 Billion people in Asia are dependent on agriculture. higher dependency of agriculture on monsoon and rising demand of water owing to rapidly expanding population in countries such as India and China. In addition to this, China produced 56 billion tons of artificial rain in 2013 and planned to increase the volume to 281 billion tons in coming future.
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Increasing Threat for Water Scarcity
Global warming and increasing pollution are key reasons which are responsible for decline in precipitation rate. Further, reducing irrigated land across the globe due to water shortage is a key factor which is fuelling the need of cloud seeding technologies. Countries such as Libya, Western Sahara, Yemen, Djibouti and Jordan are facing extreme water shortage condition. Further, rising need to reduce threat of water shortage is anticipated to bolster the growth of global cloud seeding technology market in upcoming years.
Favourable Government Programmes
Governments of countries which are highly depended on agriculture are adopting cloud seeding technologies in order to increase the rainfall. Further, rainfall water is a major source for crop irrigation and increasing need to increase the agricultural production is expected to foster the growth of the market in near future.
However, high cost of usage and chances of cloud pollution are some of the factors that are likely to hinder the growth of the cloud seeding technology market in the near future.
The report titled “Cloud Seeding Technology Market : Global Demand Analysis & Opportunity Outlook 2021” delivers detailed overview of the global cloud seeding technology market in terms of market segmentation by mode of seeding and by region.
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Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global cloud seeding technology market which includes company profiling of Ice crystal engineering LLC.., RHS Consulting, Agni Aviation, IPTN North America Inc., Weather Modification, Inc. and IPTN NORTH AMERICA INC. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cloud seeding technology market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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