Doppler Wind Lidar System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Installation Type, and Application

Doppler Wind Lidar System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Installation Type, and Application

  • August 2021 •
  • 132 pages •
  • Report ID: 6154034 •
  • Format: PDF
The doppler wind lidar system market was valued at US$ 716.68 million in 2021 and it is projected to reach US$ 1176.44 million by 2028; it is expected to grow at a CAGR of 7.3% from 2021 to 2028.

Increasing government initiatives and investments to promote use of wind energy is attributing to the growth of the market.In the last couple of decades, the amount of wind energy generated has increased dramatically.

Technological advancements in wind energy help reduce the cost of electricity generation from the wind, while government and economic incentives by countries across the world have aided growth in wind power.Wind energy generation in the US has surged from around 6 billion kilowatt-hours (kWh) in 2000 to around 338 billion kWh in 2020.

Wind turbines generated roughly 8.4% of total utility-scale electricity in the country in 2020. Similarly, Europe is also taking initiatives to promote the use of wind energy across the region. According to the European Union, Europe has the largest (70% of total) floating wind energy capacity across the world. The European government is also investing in floating substructures or integrated floating wind energy systems for deep waters and to use them in various climate conditions. The initiative expands deployment options and strengthens Europe’s position on the global stage. The government is currently focusing on the North Sea, which has relatively shallow water, for offshore wind generation in Europe. However, as floating technologies mature, greater attention has recently been directed to the Mediterranean and Atlantic coasts. These wind energy plants are increasing adoption the doppler wind lidar systems to measure the velocity of wind. This measurement also enables them to analyze the electricity generated at each velocity. Thus, the increasing government initiatives for the adoption of wind energy across the world propel the demand for doppler wind lidar systems in wind energy plants.

The sudden outbreak of the COVID-19 pandemic led to the stand still of all wind energy plant construction across the globe leading to low investments by them on advanced technologies.Similarly, due to travel restrictions imposed by the government bodies worldwide, the airports across developed and developing countries also experienced temporary shutdown leading to declining investment is advanced wind measurement solution such as doppler wind lidar systems.

On the other hand, due to business lockdowns, travel bans, and supply chain disruptions, the manufactures of the market were also impacting leaving a negative impact on the market growth.

The doppler wind lidar system market is segmented based on type, installation type, application, and geography.Based on type, the market is segmented into compact doppler wind lidar and large doppler wind lidar.

Based on installation type, the market is segmented into ground-based and airborne.Based on application, the market is segmented into air traffic control safety monitoring, wind power management, and weather and climate.

Geographically, the global doppler wind lidar system market is broadly segmented into North America (the US, Canada, Mexico), Europe (France, Germany, Italy, the UK, Russia, Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, Rest of APAC), and rest of World (RoW). In 2020, the Europe segment accounted for the significant share in the global market.

A few key players operating in the global doppler wind lidar system market and profiled in the market study are Everise Technology, Ltd; GWU-Group; Halo Photoncis; Mitsubishi Electric Group; NRG Systems; Platform Aerospace; Deutsche WindGuard GmbH; Vaisala; Windar Photonics AS; and ZXLidars (Zephir Limited), amongst others.

The overall global doppler wind lidar system market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the doppler wind lidar system market with respect to all the segments.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the doppler wind lidar system market.

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