Market Information
Market Situation
Market situation in the second quarter 2017
During the second quarter 2017, global economic growth remained solid and Vaisala’s order intake continued to increase compared to previous year both in Weather and Environment and Industrial Measurements Business Areas.
Orders for weather observation solutions from Europe and Asia-Pacific, Middle East and Africa regions improved compared to previous year. In particular, orders from meteorology and renewable energy customers increased. Orders from transportation customers decreased.
Orders for industrial measurement solutions continued to increase compared to previous year followed by solid demand in all product areas. Growth in orders was strongest in APAC. Customers’ interest towards power transmission products increased and there are several test users currently.
Half Year Financial Report 2017, July 20, 2017
Market Outlook 2017
Vaisala is expecting moderate improvement for weather observation market compared to previous year, and as typical, customer activity is expected to improve seasonally towards the end of the year. While the budgetary constraints restrict order activity in many countries, the importance of improvements in weather observation and forecasting capabilities continue to drive demand. Growth in deliveries is expected in particular in Europe following a very weak 2016. Large project in Bahamas supports growth in Americas. Market activity for weather observation solutions is expected to increase especially among meteorology customer segment. Market development with transportation customer industries looks overall stable, whereas order intake is expected to be slightly lower than in the strong 2016 due to variations with large projects and weak short-term visibility into Chinese aviation market development. Demand for renewable energy solutions is expected to grow modestly.
Industrial measurement market outlook continues to be favorable. Especially, OEM business and continuous monitoring systems drive demand growth for industrial measurement solutions.
Half Year Financial Report 2017, July 20, 2017
Global Market Size and Growth
Weather and Environment
| MEUR | Meteorology Infrastructure | Transportation | Energy | Ambient Air Quality |
|---|---|---|---|---|
| Market size* | 450-500 | 300 | 325-375 | 150-200 |
| Market Growth p.a. | 0% | 0-5% | >10% | >5% |
| Vaisala market share 2017* | High | High | Low | Low |
Market size total ~EUR 1.3 billion, ~20% market share
Industrial Measurements
| MEUR | Instruments | Power Transmission | Life Science |
|---|---|---|---|
| Market size* | 420-470 | 170-230 | 275-330 |
| Market Growth p.a. | 5% | 15% | 10% |
| Vaisala market share 2017* | Mid | Low | Low |
Market size total ~EUR 1 billioin
Market share indication:
- Low <10%
- Mid 10-25%
- High >25%
* Vaisala estimate of the size of market that is addressable currently or with organic development in the roadmaps