Cloud Seeding Is The Fastest Growing Segment Fueling The Growth Of The Global Cloud Seeding Market

 

Market Overview:
Cloud seeding involves dispersing substances like salt or dry ice into clouds in order to induce the formation of ice crystals that then cause the cloud to produce rain. Cloud seeding is done with the aim of increasing precipitation levels, suppressing hail or reducing fog.

The global Cloud seeding Market is estimated to be valued at US$ 134 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends in the cloud seeding market is the increasing use of drones and aircraft for cloud seeding operations. The use of drones allows for more precise cloud seeding operations at specific target areas as drones can be navigated with more precision compared to aircraft. Drones also reduce operation costs for cloud seeding activities. Additionally, advancements in cloud seeding materials such as special formulations of silver iodide are being developed that are more effective at inducing precipitation from clouds.

Segment Analysis
The global cloud seeding market is dominated by the aerial cloud seeding segment. Aerial cloud seeding is the most common type of cloud seeding technique used for artificial weather modification. It involves dispersing cloud seeding material from an aircraft flying into existing cloud systems. Aerial cloud seeding accounts for over 60% of the global market share due to its ability to disperse cloud seeding agents faster and deeper into clouds compared to other techniques. Ground-based cloud seeding methods have limitations in terms of dispersal range and quantity of cloud seeding material delivered into the clouds.

Key Takeaways
The Global Cloud Seeding Market Size is expected to witness high growth, exhibiting CAGR of 5.8% over the forecast period, due to increasing freshwater scarcity globally. Lack of sufficient freshwater resources drives demand for artificial rain generation through cloud seeding techniques.

Regional analysis
North America dominates the global cloud seeding market, accounting for over 30% share. Frequent practices of cloud seeding operations in western US states and provinces in Canada to increase snowpack in mountains that supplies water to major cities. The Middle East and Asia Pacific exhibit the fastest growth in adoption of cloud seeding due to growing freshwater demand from rising population and industrialization in the regions.

Key players
Key players operating in the cloud seeding market are Weather Modification International, North American Weather Consultants, Seeding Operations and Atmospheric Research (SOAR), National Center for Atmospheric Research (NCAR), Aquiess, Ice Crystal Engineering, Weather Modification, Inc., Meteo Systems, Atmospheric Systems Corporation, Snowy Hydro Limited, Sinopec Group, Fujian Shaowu Cloud Seeding General Office, Oman Power and Water Procurement Company (OPWP), Beijing Weather Modification Office, Desert Research Institute (DRI).

For More Insights, Read: https://www.newsstatix.com/cloud-seeding-market-size-share-and-growth-forecast-2023-2030/