Market situation in 2016
In 2016, market
environment for Vaisala was characterized by differences between geographic
areas and customer groups. Weather observation market conditions weakened in
2016 compared to rather good previous two years. Industrial measurement market
was favorable overall.
In EMEA, weather
observation market was weak. In North America, weather observation market was
stable, and Vaisala’s deliveries increased as a result of good order intake in
2015. In Latin America, weather observation market was affected by weak
macroeconomic conditions especially in Brazil. In APAC, weather observation
market was stable, and as a result of a few large projects, Vaisala’s performance
Vaisala's industrial measurement solution orders received increased in all regions. This was a result of favorable market conditions, and Vaisala also grew faster than the addressable market. The growth was strong especially in APAC and in life science market.
Financial Statement Release 2016, February 8, 2017