Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 188.97 Million | USD 304.65 Million | 5.45% | 2023 |
India hydrological and meteorological equipment market size was worth around USD 188.97 million in 2023 and is predicted to grow to around USD 304.65 million by 2032 with a compound annual growth rate (CAGR) of roughly 5.45% between 2024 and 2032.
The devices and tools used to track, measure, and evaluate various elements of weather- and water-related occurrences are referred to as "weather and hydrological equipment". Forecasting and controlling natural disasters, such as floods, droughts, rainstorms, and weather patterns, requires understanding the dynamics of atmospheric conditions and water systems. Meteorological services, managers of water resources, and environmental scientists use these tools extensively to help them make decisions on climate research, disaster mitigation, and water management.
Growing demand from the agriculture industry drives market growth
Due to the growing demand from today's farmers, the market is expanding significantly. Accurate weather information is essential for agriculture, which is highly dependent on seasons and weather. Adaptive management techniques are now required in agriculture due to the increased significance of weather and environmental risk management brought about by climate change. Furthermore, sophisticated weather predicting systems are essential because farmers use them to plan and prepare for new seasons. These technologies give farmers access to quantitative information on land, sea, and atmospheric conditions, empowering them to reduce risks and make well-informed decisions. The increasing demand for agricultural products due to the growing worldwide population highlights the need for precise weather forecasting services. Weather forecasting services are essential for guaranteeing agricultural productivity and food security because agriculture is a major contributor to the global food supply. Therefore, during the forecast period, these factors will likely propel India hydrological and meteorological market.
High initial cost and lack of skilled workforce impedes market growth
Modern meteorological and hydrological monitoring instruments, like satellite-based instruments, radar systems, and automated weather stations, frequently demand large financial outlays. Budgetary restrictions affect many government bodies as well as smaller businesses, making it challenging to afford high-tech solutions. The technology requires routine maintenance, calibration, and sporadic upgrades after the initial purchase, which raises the total cost of ownership. Furthermore, skilled workers are needed to operate and maintain advanced hydrological and meteorological equipment, and these workers may be hard to come by in some areas. The efficient use of cutting-edge equipment is hampered by a shortage of skilled personnel. Therefore, the high cost and lack of skilled workforce hinder India hydrological and meteorological equipment market expansion.
Rising product launch offers an attractive opportunity for market growth
The rising product launch is expected to offer a lucrative opportunity for India hydrological and meteorological equipment. For instance, in June 2023, HydroCorrectTM, a new automated data validation tool from Aquatic InformaticsTM, can enable proactive groundwater, floods, and water quality monitoring and control in the AquariusTM platform. By automating and standardizing workflows, detecting data anomalies, ensuring regulatory compliance, and enforcing data standards organization-wide, HydroCorrect transforms data quality assurance and quality control (QA/QC) processes using machine learning. This results in an exponential reduction in the time and resources spent on the QA/QC process. The technology guarantees that the data that informs the recommendations is current, tenable, and defensible while offering prompt advice on how to react to environmental occurrences and impact long-term choices.
Data privacy and security concern poses a major challenge to market expansion
Certain meteorological and hydrological data are deemed sensitive, particularly those gathered via satellite or defense-related apparatus. This may result in limitations on cooperation and data exchange, which would reduce the potential applications of real-time forecasting and monitoring. As cloud-based systems and IoT-enabled devices become more widely used, cybersecurity worries about data tampering or theft are becoming a significant hindrance. Therefore, data privacy and security concerns are expected to pose a major challenge to India's hydrological and meteorological equipment market.
India's hydrological and meteorological equipment industry is segmented based on type, end user, sales channel and region.
Based on the type, India's hydrological and meteorological equipment market is bifurcated into hydrological equipment and meteorological equipment. The hydrological segment is expected to dominate the market during the forecast period. Since many areas of India are very short on water, it is now crucial to monitor groundwater resources. Groundwater sensors and automated monitoring systems are instances of hydrological equipment that are becoming more and more popular, which is boosting revenue. The need for hydrological instruments such as rain gauges and water flow meters is increasing due to initiatives aimed at optimizing water use in urban and agricultural settings. Furthermore, modern water management systems are being purchased by India's expanding metropolitan areas, particularly as part of the Smart Cities Mission. Revenue growth is being driven by the use of hydrological technology in stormwater drainage planning, urban flood forecasts, and water distribution systems.
Based on the end user, India's hydrological and meteorological equipment industry is segmented into Indian Meteorological Department, Space Research & Sciences (ISRO, NESAC), Environmental Engineering & Audit Agencies (NEERI, TERI, etc.), Marine & Coastal Security, Research Institutes Laboratories (SASE, IISER, NIOT), Central Water Resources Management Department, Irrigation Department, Agriculture, Water Utility Companies, Hydropower Plants, National Hydrological Projects, and Research & Academia. The agriculture segment is expected to hold a significant market share over the forecast period. Because of the increasing importance of the monsoon to Indian agriculture, the unpredictable patterns of rainfall brought about by climate change have made meteorological forecasting systems more meaningful. An accurate weather forecast helps farmers plan their planting, irrigation, and harvesting activities, which is why meteorological devices like rain gauges, weather stations, and satellite-based forecasting systems are in more demand. In India, heatwaves, floods, and droughts are occurring more frequently; as a result, farmers need to use hydrological and meteorological tools. These solutions offer enhanced preparedness and adaptable strategies by granting access to real-time data, diminishing dangers.
Based on the sales channel, India's hydrological and meteorological equipment market is segmented into direct sales and in direct sales.
Report Attributes | Report Details |
---|---|
Report Name | India Hydrological and Meteorological Equipment Market |
Market Size in 2023 | 188.97 Mn |
Market Forecast in 2032 | 304.65 Mn |
Growth Rate | CAGR of 5.45% |
Number of Pages | 224 |
Key Companies Covered | Hach Company, Astra Microwave Products Limited, Gill Instruments Limited, Info Electronics Systems India Pvt. Ltd., Aveli Global Engineering Solutions Pvt. Ltd., Encardio Rite, Geomax AG, R. Instruments, Kaizen Imperial, In-Situ Inc., Virtual Hydromet, Mechatronics Systems Pvt. Ltd., Vaisala Oyj, Obel Systems Private Limited, Swan Environmental Private Limited, SEBA Hydrometrie GmbH & Co. KG, K. Engineering Corporation, and others. |
Segments Covered | By Type, By End User, By Sales Channel, and By Region |
Regions Covered in India | North India, West and Central India, South India, and East India |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North India is expected to lead the market over the forecast period
North India is expected to lead India hydrological and meteorological equipment market over the forecast period. The Indian government's National Hydrology Project, which seeks to enhance water management through real-time monitoring technologies, includes North India as one of its primary regions. The initiative's investments in data-gathering networks, groundwater monitoring systems, and sensors for measuring water quality are fostering market expansion. In North India, the need for hydrological instruments like soil moisture sensors and irrigation management systems is driven by government initiatives like PMKSY, which are meant to improve irrigation infrastructure and conserve water.
India's hydrological and meteorological equipment market is dominated by players like:
By Type
By End User
By Sales Channel
FrequentlyAsked Questions
The devices and tools used to track, measure, and evaluate various elements of weather- and water-related occurrences are referred to as "weather and hydrological equipment." Forecasting and controlling natural disasters, such as floods, droughts, rainstorms, and weather patterns, requires understanding the dynamics of atmospheric conditions and water systems. Meteorological services, managers of water resources, and environmental scientists use these tools extensively to help them make decisions on climate research, disaster mitigation, and water management.
India's hydrological and meteorological equipment market growth is driven by several factors such as increasing demand from the agriculture industry, rising government initiatives, technological advancements, growing product launches, and others.
According to the report, India's hydrological and meteorological equipment market size was worth around USD 188.97 million in 2023 and is predicted to grow to around USD 304.65 million by 2032.
India's hydrological and meteorological equipment market is expected to grow at a CAGR of 5.45% during the forecast period.
India's hydrological and meteorological equipment market growth is driven by North India. It is currently the nation's highest revenue-generating market due to the rising government initiatives and investment.
India's hydrological and meteorological equipment market is dominated by players like Hach Company, Astra Microwave Products Limited, Gill Instruments Limited, Info Electronics Systems India Pvt. Ltd., Aveli Global Engineering Solutions Pvt. Ltd., Encardio Rite, Geomax AG, R. Instruments, Kaizen Imperial, In-Situ Inc., Virtual Hydromet, Mechatronics Systems Pvt. Ltd., Vaisala Oyj, Obel Systems Private Limited, Swan Environmental Private Limited, SEBA Hydrometrie GmbH & Co. KG and K. Engineering Corporation among others.
India's hydrological and meteorological equipment market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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