The market for doppler wind lidar systems was valued at approximately US$ 716.68 million in 2021 and is anticipated to grow to US$ 1176.44 million by 2028, reflecting a compound annual growth rate (CAGR) of 7.3% during the period from 2021 to 2028.
This growth can be attributed to a rise in government initiatives and investments aimed at promoting wind energy utilization. Over the past few decades, the generation of wind energy has seen a remarkable increase. Innovations in wind energy technology have contributed to lowering the costs associated with electricity production from wind sources. Additionally, various governmental and economic incentives implemented by countries worldwide have further stimulated the expansion of wind power. For instance, in the United States, wind energy production escalated from approximately 6 billion kilowatt-hours (kWh) in 2000 to around 338 billion kWh in 2020, with wind turbines accounting for about 8.4% of the total utility-scale electricity generated in the country during that year.
Europe is also actively promoting wind energy across the continent. According to the European Union, Europe holds the largest share of floating wind energy capacity globally, comprising 70% of the total. European governments are investing in floating substructures and integrated floating wind energy systems designed for deep waters, enabling their use in diverse climatic conditions. This initiative not only broadens deployment options but also enhances Europe?s competitive stance on the global stage. Currently, the focus is on the North Sea, which features relatively shallow waters, for offshore wind generation. However, as floating technologies advance, there is an increasing interest in the Mediterranean and Atlantic coasts. These wind energy facilities are increasingly adopting doppler wind lidar systems to accurately measure wind velocity, which in turn allows for the analysis of electricity generation at various wind speeds. Consequently, the growing governmental support for wind energy adoption worldwide is driving the demand for doppler wind lidar systems in wind energy facilities.
The unexpected emergence of the COVID-19 pandemic caused a halt in the construction of wind energy plants globally, resulting in reduced investments in advanced technologies. Furthermore, travel restrictions imposed by governments led to temporary airport shutdowns in both developed and developing nations, which negatively impacted investments in advanced wind measurement solutions, including doppler wind lidar systems. Additionally, business lockdowns, travel bans, and disruptions in supply chains adversely affected manufacturers in the market, further hindering market growth.
The doppler wind lidar system market is categorized based on type, installation type, application, and geography. In terms of type, the market is divided into compact doppler wind lidar and large doppler wind lidar. Regarding installation type, it is segmented into ground-based and airborne systems. The applications of these systems include air traffic control safety monitoring, wind power management, and weather and climate analysis. Geographically, the global market is segmented into North America (including the US, Canada, and Mexico), Europe (comprising France, Germany, Italy, the UK, Russia, and the rest of Europe), Asia Pacific (including Australia, China, India, Japan, South Korea, and the rest of APAC), and the rest of the world (RoW). In 2020, Europe held a significant share of the global market.
Several key players in the global doppler wind lidar system market include Everise Technology, Ltd, GWU-Group, Halo Photonics, Mitsubishi Electric Group, NRG Systems, Platform Aerospace, Deutsche WindGuard GmbH, Vaisala, Windar Photonics AS, and ZXLidars (Zephir Limited), among others.
The overall size of the global doppler wind lidar system market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. This approach also aimed to provide an overview and forecast for the doppler wind lidar system market across all segments. Additionally, numerous primary interviews were conducted with industry participants and experts to validate the data and gain deeper analytical insights. Participants included industry professionals such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the doppler wind lidar system market.