Cloud Seeding Equipment Market Trends

Surge in Global Warming - Global warming is the gradual expansion in global temperature resulting from the greenhouse effect caused by elevated levels of carbon dioxide, CFCs, and other pollutants. As a result, rising temperature on earth is causing longer and hotter heat waves, more frequent droughts, and hurricanes. People face food and water scarcity, increased flooding, extreme heat, elevated disease, and economic damage as a result of global warming. As per the data provided by the National Centers for Environmental Information, the global surface temperature deviation for August 2022 was 0.90°C (1.62°F) above the average for the 20th century of 15.6°C (60.1°F), making it the sixth largest deviation for August in the 143-year record. All 10 of the hottest Augusts on record have taken place since 2009. Additionally, August 2022 was the 46th sequential August and the 452nd consecutive month with temperatures of record-warm August, which covered approximately 8.2% of the world's surface — the third-highest ratio for record-high August temperatures.
Worldwide Escalation in Air Pollution - As per the data from the World Bank, rising level of pollution is responsible for over 11 million premature deaths worldwide.
Increasing Trend of Weather Modification – As per a report, China conducted a weather-modification project in 2020 to produce artificial snowfall or rain over an area larger than 5.5 million square kilometers.
Upsurge in Global Population - According to United Nations statistics, the global population is expected to reach 8.5 billion in 2030 and 9.7 billion in 2050.
Worldwide Boost in Research and Development Investment - The Unesco Institute for Statistics reports that, with an average annual growth rate of 4.7% over the past ten years, the global R&D expenditure has significantly soared. Globally, from 1.61% in 2010 to 1.93% in 2020, the percentage of global investment in research and development has climbed dramatically.

Challenges

High Cost of Cloud Seeding Services
Lack of Effectiveness of Cloud Seeding Process
Risks of Adverse Effects Associated with Chemicals Used in the Process

Cloud Seeding Equipment Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	6.9%
Base Year Market Size (2023)	USD 364.51 Million
Forecast Year Market Size (2036)	USD 867.8 Million
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of cloud seeding equipment is estimated at USD 389.66 Million.

The cloud seeding equipment market size was over USD 364.51 Million in 2023 and is poised to exceed USD 867.8 Million by 2036, growing at over 6.9% CAGR during the forecast period i.e., between 2024-2036. Surge in Global Warming, Worldwide Escalation in Air Pollution, Increasing Trend of Weather Modification, and Upsurge in Global Population are driving the market growth.

Asia Pacific industry is projected to hold largest revenue share by 2036, impelled by decline in rainfall, growing scarcity of water, and massive increase in air pollution in the region.

The major players in the market are North American Weather Consultants, Inc., Weather Modification, Inc., Ice Crystal Engineering, Snowy Hydro Limited, Mettech S.p.A., AFJETS SDN BHD, and others.

Cloud Seeding Equipment Market Trends