Wind Transmitter Market - Forecasts from 2023 to 2028

The wind transmitter market is expected to grow at a CAGR of 16.11% from a market size of US$24.473 million in 2021 to reach US$69.628 million in 2028.

A wind transmitter is a device that measures and transmits data about wind conditions, such as wind speed and direction, to a central monitoring system or other devices. Wind transmitters typically consist of sensors that detect changes in air pressure or velocity and a transmitter that sends this information to a receiver or monitoring system. Various end users, including meteorology, power & energy, aviation, and agriculture, use the data collected by wind transmitters. The demand for wind transmitters has been growing steadily due to the increasing demand for wind energy, increasing investments in wind energy projects, and government initiatives promoting the adoption of renewable energy sources.

The increasing number of wind power plants will boost the growth of the wind transmitter market.

Wind power is a crucial source of renewable energy, and wind turbines require accurate wind measurements to operate at peak efficiency. Wind power plants are constantly looking for ways to increase the efficiency of wind turbines and reduce their maintenance costs. Wind transmitters are used to measure the wind speed and direction at the turbine hub height, which helps optimize wind turbines' performance and improve energy production. The increasing adoption of offshore wind farms is expected to boost the demand for wind transmitters, as offshore wind farms are typically located in harsh environments, making accurate wind measurement even more critical. There will be a growing demand for wind transmitters as wind power plants expand in capacity and number. According to the International Energy Agency (IEA), in 2021, an all-time high of 273 TWh of wind energy was produced globally, 55% higher than in 2020. In 2021, the United States announced offshore wind farm projects, the "Ocean Wind Project" off the coast of New Jersey, which is expected to generate up to 1.1 gigawatts of electricity, and the "Skipjack Wind Farm" off the coast of Maryland, which is expected to create up to 120 megawatts of electricity.

The increasing agricultural activities will boost the growth of the wind transmitter market.

Farmers need accurate information on wind direction and speed to make informed decisions about planting, spraying, and harvesting crops. With the increasing demand for precision agriculture, the need for accurate weather data also rises, which drives the demand for wind transmitters. Many farmers are now using renewable energy sources like wind energy to power their operations and installing wind turbines in their agricultural fields. The US Department of Energy (DOE) reported that wind energy installations on farms in the United States increased by 30% in 2020 compared to the previous year. This demonstrates that wind transmitters will hold a great demand in the future.

The Asia Pacific region is expected to hold a significant market share during the forecast period.

The Asia Pacific region is expected to hold a significant market share due to the high potential for wind power generation, the increasing use of wind energy in agricultural activities, and the growing focus on renewable energy. In 2020, the Chinese government launched the "Wind Power 14th Five-Year Plan," which aims to increase the country's wind power capacity to 400 GW by 2030 and includes initiatives to improve the efficiency of wind turbines by using wind transmitters, reduce the cost of wind power, and increase the integration of wind power into the country's electricity grid. The Kisan Urja Suraksha evam Utthaan Mahabhiyan (KUSUM) scheme launched by the Indian government in 2019 aims to promote the installation of grid-connected solar power plants, standalone solar pumps, and windmills in rural areas, and under the scheme, farmers are encouraged to generate their power and sell the excess power to the grid. The government has allocated Rs. 34,000 crores for the project, which is expected to benefit around 20 lakh farmers. In 2020, the Japanese government announced the "Green Growth Strategy through Achieving Carbon Neutrality in 2050," which includes a plan to increase the country's offshore wind power capacity to 45 GW by 2040 and has measures to streamline the regulatory process for offshore wind projects, promote the development of floating wind turbines, and invest in research and development of offshore wind technologies. These developments need wind transmitters to increase their efficiency, all adding to the demand for wind transmitters in the Asia Pacific region.

Market Developments:

• June 2022: The White House launched a new Federal-State offshore wind implementation Partnership with eleven governors from all along the East Coast to boost the booming offshore wind industry.
• August 2021: Renewable NRG Systems, a US-based company that provides wind measurement solutions, launched a wind transmitter called the Vindicator II which can measure wind speed and direction at heights of up to 300 meters.
• June 2021: ZephIR Lidar, a UK-based company, launched a "ZephIR DM" wind

Market Segmentation:

By Measurement Type

• Wind Speed
• Wind Direction

By End-Users

• Meteorology
• Power & energy
• Aviation
• Agriculture
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• UK
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Other