The global Cloud Seeding market value stood at US$135.17 million in 2023 and is expected to reach US$192.73 million by 2029.
The market is expected to grow at a CAGR of 5.95% over the projected period of 2024-2029. The global Cloud Seeding market is fragmented, with an increasing number of large and medium-sized players accounting for the majority of the market revenue, and the presence of a substantial number of regional market players with limited business offerings and customer base.
By enhancing the natural processes of cloud formation and precipitation, cloud seeding aims to increase rainfall or snowfall in specific regions, providing a potential means to alleviate drought conditions or enhance water resources. The global cloud seeding market is experiencing steady expansion, driven by various factors. One significant driver is the need to regulate weather patterns in regions prone to droughts or water scarcity.
Additionally, the increasing demand for agricultural products and water sources necessitates innovative solutions like cloud seeding to enhance precipitation levels. Cloud seeding also finds application in urban water management strategies, helping to alleviate water shortages in densely populated areas. Furthermore, as pollution levels rise globally, there's a growing emphasis on using cloud seeding to cleanse the atmosphere and reduce pollution levels through precipitation.
Moreover, cloud seeding plays a crucial role in hydroelectric power generation by enhanc.
