Market outlook 2017
Global economy accelerated towards the end of 2016, and
latest forecasts refer to moderate outlook. Increase in commodity prices,
especially in crude oil, is expected to improve outlook of several emerging
economies. Vaisala is expecting stable market in 2017 both for weather
observation and industrial measurement.
Weather observation market outlook is overall stable.
However, development of Vaisala’s orders and deliveries are still expected to
remain dependent on timing and progress of individual projects. In EMEA,
weather observation market is expected to improve after weak 2016. In North
America, weather observation market outlook is stable and Vaisala’s orders are
expected to increase from 2016, whereas deliveries are expected to decrease as
a result of fewer large orders in 2016. In Latin America, stabilizing economic
outlook is expected to support weather observation market conditions. In APAC,
weather observation market customer activity for orders is expected to improve
from 2016, whereas deliveries are expected to decrease slightly as a result of
fewer large weather infrastructure projects. In China, weather observation
market is expected to remain stable, although market conditions are currently
difficult to project. Market outlook for renewable energy solutions is overall
positive, even though growth of renewable power capacity has decelerated.
Market outlook for industrial measurement solutions is stable globally, and Vaisala is expecting increase in annual deliveries. Life science market growth is expected to continue, as a result of tightening requirements for monitoring and reporting of environmental conditions. Utility companies are increasingly adopting transformer online condition monitoring, what is expected to accelerate demand for power transmission solutions.
Financial Statement Release 2016, Febuary 8, 2017