Cloud Seeding Equipment Market size is estimated to garner a significant revenue by the end of 2033, growing at a CAGR of ~14% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of cloud seeding equipment generated a notable revenue. The growth of the market is primarily attributed to the worldwide increasing risk of water scarcity. For instance, for at least a month, nearly two-thirds of the world's population confronts severe scarcity of water. Furthermore, by 2030, nearly 710 million people are estimated to be relocated caused by severe water scarcity.
Cloud seeding is a weather modification process which involves dropping of chemical agents into clouds to cause rain. Cloud seeding equipment is utilized to distribute a substance into the atmosphere in order to boost the chances of precipitation. Silver iodide, dry ice and even common table salt are key chemical agents that are seeded into upper part of clouds. This process stimulates the precipitation process and form rain. Governments’ increasing initiatives for promoting cloud seeding in those area which have been facing water scarcity is a major factor to drive the growth of the global cloud seeding equipment market. For instance, Saudi Arabia has initiated a cloud seeding program, with the first batch of flights over Riyadh, Qassim, and Hail. This cloud-seeding program targets to increase rainfall in the country, which is currently average nearly less than 100 millimeters per year.
Challenges
|
Base Year |
2022 |
|
Forecast Year |
2023-2033 |
|
CAGR |
14% |
Application (Hail Suppression, Fog Dissipation, Snowfall & Rainfall Augmentation, Other Weather Modifications)
The global cloud seeding equipment market is segmented and analyzed for demand and supply by application into hail suppression, fog dissipation, snowfall & rainfall augmentation, and other weather modifications. Out of these, the snowfall and rainfall augmentation segment is projected to significantly grow over the forecast period on the back of rising construction activities, escalating population, and surge in urbanization. For instance, as of May 2022, India has the most infrastructure construction projects in development or execution worth more than USD 24 million.
Our in-depth analysis of the global cloud seeding equipment market includes the following segments:
|
By Mode of Seeding |
|
|
By Application |
|
Regionally, the global cloud seeding equipment market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2033 backed by the decline in rainfall, growing scarcity of water, and massive increase in air pollution in the region. For instance, air pollution poses a major threat to the health of around 4 billion people (93%) in the Asia and Pacific region. Four Asian countries including China and India were among the top ten with the highest population-weighted average exposure to PM 2.5 in 2019.
Author Credits: Smruti Ranjan, Rajrani Baghel
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?