by Market Overview:
Cloud seeding involves dispersing substances like salts into clouds to influence cloud formation processes and increase precipitation. It can help enhance rainfall or reduce hail. Regions experiencing drought, water shortage, or excess rainfall primarily adopt cloud seeding for its benefits. Water management through controlled rainfall offers a sustainable solution to tackle precipitation and water resource issues worldwide. Advances in cloud seeding technologies using aircraft or ground-based generators have improved efficacy and widens the scope of its applications.
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 major trends in the cloud seeding market is the rising focus on R&D activities. Key players are investing in improving seeding materials, delivery mechanisms, and understanding cloud microphysics to enhance precipitation outcomes. Techniques like hygroscopic seeding and dynamic cloud seeding are gaining popularity. Countries in Asia Pacific and Middle East regions are increasing cloud seeding programs to address water scarcity. The growing acceptance of cloud seeding as an effective climate change adaptation strategy is supporting the market expansion.
Porter’s Analysis
Threat of new entrants: The cloud seeding market requires high initial investments in technology, infrastructure and qualified personnel which pose as entry barriers for new players.
Bargaining power of buyers: The bargaining power of buyers is moderate as cloud seeding technology and services providers have dominant presence globally.
Bargaining power of suppliers: A few suppliers provide critical materials and technologies for cloud seeding. This gives them significant bargaining power over players in this market.
Threat of new substitutes: There exists no close substitute for cloud seeding currently. Alternative technologies are being researched but are not commercial substitutes.
Competitive rivalry: With increasing investments from governments globally, competition is expected to intensify among the existing players.
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 concerns over freshwater scarcity and frequency of drought.
The Asia Pacific region dominated the cloud seeding market in 2023, owing to extensive cloud seeding practices in China. Countries like India and South East Asian nations are also expected to contribute significantly to the regional market growth over the forecast period.
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). Key players are focusing on new technology development and geographic expansion to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
