Market Information

Market Situation

Market situation in the third quarter 2017

During the third quarter 2017, global economic growth remained solid and Vaisala achieved all time high order intake during one single quarter. Order intake was strong especially in Weather and Environment Business Area.

In Weather and Environment Business Area, growth in order intake came from all regions. Demand was particularly strong in meteorological customer segment. In addition to the good overall business activity, some large contracts were signed. Demand from transportation and renewable energy customer segments did not improve.

During the third quarter, order intake for industrial measurement solutions was slightly lower than during the first half of the year. However, orders continued to grow in APAC. Customers’ interest towards power transmission products remained strong, and Vaisala received first commercial orders.

 

Interim Report January-September 2017, October 23, 2017​

Market Outlook 2017

Vaisala is expecting moderate improvement for weather observation market compared to previous year, and as typical, deliveries are expected to improve seasonally towards the end of the year. While the budgetary constraints restrict purchasing power in many countries, the importance of improvements in weather observation and forecasting capabilities continue to drive demand. Compared to previous year, growth in new orders and deliveries is expected in particular in Europe and Asia Pacific. Growth is driven by meteorology customer segment. Market development with transportation customer segment looks overall stable and demand for digital solutions is expected to grow modestly compared to previous year. Industrial measurement market outlook continues to be favorable.

 

Interim Report January-September 2017, October 23, 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