CLOUD SEEDING MARKET ANALYSIS

The global cloud seeding market is estimated to have a valuation of US$ 131.4 million in 2023. Over the forecast period from 2023 to 2030, it is projected to experience substantial growth, with an estimated Compound Annual Growth Rate (CAGR) of 5.8%. By 2030, the market is expected to reach a value of US$ 194.4 million.

Figure 1. Global Cloud Seeding Market Share (%), by Region, 2023

Cloud Seeding Market Trends:

• Increasing investment in cloud seeding R&D activities: Cloud seeding is a type of weather modification that aims to increase precipitation by dispersing substances into the air that serve as cloud condensation or ice nuclei. This process changes the microphysical processes within the cloud, stimulating rainfall. Several companies and governments worldwide are increasing their investment in cloud seeding R&D activities. For instance, the United Arab Emirates is one of the leading countries in terms of investment in cloud seeding research.

According to a report by the UN Environment Programme, In 2021, public climate finance commitments from developed countries towards developing nations totalled $83.3 billion in 2019 and 2020, up 4% from the previous two year period.