Snowy Hydro Limited has signed agreements with APA Group in gas transport, storage and development for the Hunter Power Project.
Snowy Hydro Limited has partnered with Red Energy to provide the 100% renewable electricity to the University of Sydney. This move is primarily estimated to combat the climate change crisis.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 43
Published Date: Feb 14, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Surge in Global Warming, Worldwide Escalation in Air Pollution, Increasing Trend of Weather Modification, and Upsurge in Global Population are some major factors driving the growth of the market.
The market is anticipated to attain a CAGR of 14% over the forecast period, i.e., 2023-2033.
High cost of cloud seeding services, lack of effectiveness of cloud seeding process, and risks of adverse effects associated with chemicals used in the process are estimated to hamper the market growth.
The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
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.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by mode of seeding, application, and by region.
The snowfall & rainfall augmentation segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.