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| Cloud Seeding Market |
Cloud seeding is an innovative
weather modification technique that aims to increase precipitation by spraying
particles like silver iodide into clouds. It is a cost-effective way to augment
water supplies for irrigation, municipalities, and industries. Cloud seeding
works by providing cloud condensation or ice nuclei which helps in the
formation of raindrops in thin clouds and promotes precipitation. The global
cloud seeding market comprises technology and equipment like generators,
dispensers, aircraft for cloud seeding, and materials including silver iodide, lead
iodide, and potassium iodide. The market is driven by rising demand for
alternate water resources and necessity of sustaining agricultural yields.
The Global cloud seeding Market is estimated to be valued at US$ 154.37 Bn in 2024 and is expected
to exhibit a CAGR of 8.6% over the
forecast period 2024 To 2031.
Key Takeaways
Key players operating in the cloud seeding market are Huntsman, Lonza, Techia
Corporation, TenCate, Cytec, Hexcel, Jiangdu Maida Group, Carbon Fibre
Technology, Isola Group, Adeka, SGL Carbon, Gurit, Chongqing Guijie Technology,
Shanghai Hunsman Material, Taixing Suning Chemical, Hengyu New Material, Natong
Chemical, Kangda New Materials, Jiafu Technologh, Tianma Group.
Key players like Huntsman and Lonza dominate the market for cloud seeding
materials like silver iodide. In recent years, manufacturers are strengthening
their global presence through partnerships and joint ventures.
The key opportunities in the Cloud
Seeding Market Demand include increasing investments by governments in
cloud seeding projects to overcome water scarcity. Also, growing applications
of cloud seeding technologies for hail suppression, fog dissipation at airports
present lucrative opportunities.
Major players are expanding globally with innovations to cater to diverse weather
modification needs across regions. They are also focusing on emerging markets
in Asia Pacific and Latin America for infrastructure development and
agriculture growth.
Market drivers: The growing global population and rapid urbanization have
increased strain on freshwater resources. This increasing demand for
sustainable and alternative water sources is a major market driver. Also,
climate change impacts like droughts have emphasized the need for cloud seeding
to augment water security.
Market restraints: High initial costs of establishing cloud seeding programs
and equipment requirement is a key challenge limiting widespread adoption. Lack
of supportive government policies and public reluctance due to environmental
concerns also restraint market growth to some extent. However, ongoing
technological innovations are making cloud seeding more affordable and
effective.
Segment Analysis
The cloud seeding market is dominated by the aerial cloud seeding sub segment.
Around 80% of the total cloud seeding operations conducted worldwide employ
aerial cloud seeding techniques. This is because aerial seeding allows cloud
seeding substances like silver iodide to be dispersed over larger areas in less
time compared to ground-based seeding. Aircraft are able to reach higher
altitudes inside clouds enabling even distribution of the seeding agent. This
helps induce precipitation in wide regions affected by drought and water
shortages. Going forward, advanced drone-based systems can further improve the
efficiency of aerial cloud seeding.
Global Analysis
Regionally, North America accounts for the largest share in the cloud seeding
market currently. The prevalence of weather modification programs across US
states like Colorado, Wyoming and Texas has propelled the North America market.
However, the Asia Pacific region is anticipated to witness the highest growth
during the forecast period. Increasing instances of droughts and increasing
demand for fresh water in developing countries of Asia Pacific are driving
greater investments in cloud seeding projects. Additionally, nations like China
have ongoing weather modification programs since the 1950s and are now focusing
on expanding such activities.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163
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