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Cloud seeding is the method used to modifying a cloud structure to stimulate the process of rain. Cloud seeding includes small silver iodide and dry ice particles. The process is carried out by two methods by using large cannons- shoot particles into the sky and second method is by using aircraft that drop the particles in the clouds.
The key trends in the market are the development advance flare equipment for aircraft cloud seeding, and implementation of cloud seeding in drought areas. However, the impact of COVID-19 pandemic has hampered the growth of the market. The complex design and reliability of equipment and system restraining the growth of the market.
The investment of the U.S. and the UAE government on the cloud seeding facilities has propelled the growth of the market. The key companies are investing on the advance technology based chemical solution for cloud seeding. Similarly, countries such as China, Australia and India are highly investing on cloud seeding to strengthen its commercial and military implementation in the upcoming years.
By seeding type, the market segmented into ground and aerial based seeding. The aerial based seeding segment accounted for the largest market share in 2019 and is also expected to be the fastest growing segment during the forecast period.
Key Market Driver -
Rising demand for cloud seeding at airports for fog dissipation
Key Market Restraint -
Complex design and reliability of equipment and system hamper the growth of the market
Major key players that are present in the global cloud seeding market are Weather Modification, Inc. (the U.S.), RHS Consulting, Ltd. (The U.K), North American Weather Consultants, Inc. (the U.S.), Seeding Operations & Atmospheric Research (SOAR) (The U.S.), Snowy Hydro Limited (Australia), and among others.
The cloud seeding market is analyzed across five major regions North America, Europe, Asia Pacific, the Middle East, and Rest of the World. Cloud seeding technology is a weather modification technology widely used in North America. The region holds the highest market share in the market. Introduction of latest technologies, increasing expenditure on R&D, and use of cloud seeding for communication and surveillance purpose drive the growth of the market across the North America. Furthermore, presence of key players such as Weather Modification, Inc., North American Weather Consultants, Inc., and others propels the growth of market.
Asia-Pacific is anticipated to witness significant growth in the market during the forecast period. The growth is attributed to the rising crop seeding programs from countries such as China, India, and Thailand. Increasing demand for commercial applications drive the growth of the market.
Europe is expected to witness moderate growth owing to the presence of key players. The Middle East will witness significant growth owing to the rise in the artificial rain in drought areas. In the Rest of the World, the market will show moderate growth due to government programs conducted by African and South American countries.
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