Global Cloud Seeding Equipment Market Insights, Size and Growth Forecast To 2024
Global Cloud Seeding Equipment Market expected to surge by decreasing rainfall and government support and initiatives. The global Cloud Seeding Equipment Market likely to grow over a CAGR of 7.3% during the forecast period 2019-2024 and generate a revenue of USD 100 million backed by a declining rainfall rate across the globe caused by global warming and pollution. According to Indian Institute of Tropical Meteorology (IITM) 2019, the rainfall pattern globally is changing due to rapid warming of the Indo-Pacific Ocean and these changes have brought a decline in rainfall over central Pacific, along the west and east coast of the United States (e.g., California), North India, East Africa, and the Yangtze basin in China. Additionally, the increasing threat of water scarcity in Asian and European countries is accelerating the growth of the cloud seeding equipment market in the projected time. Moreover, the surge in the application of cloud seeding technology for dispersi...