At 5.5% CAGR, the Middle East & Africa Pyranometer Market is Projected to be Worth US$ 7.70 million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa pyranometer market was valued at US$ 5.02 in 2022 and is expected to reach US$ 7.70 million by 2030, registering a CAGR of 5.5% from 2022 to 2030. Rising awareness about benefits of using pyranometer and government initiatives to build new solar energy plants are among the critical factor attributed to the Middle East & Africa pyranometer market expansion.

A pyranometer is a solar irradiance sensor that measures global irradiance. A global irradiance comprises direct sunlight and diffused sunlight, which can vary depending on the Sun's distance and meteorological and environmental factors such as clouds, aerosols, smog, fog, precipitation, etc. Typically, the value for the global horizontal irradiance is range from 0 to 1,400 W/m². In a few cases, it can be larger due to reflections from buildings, snow, or if the device is placed at the center of a solar concentrator. Solar irradiation is one of the main factors affecting Earth's weather patterns, making it a significant aspect of weather and climate research. Pyranometers are mostly used in such research to measure the Global Horizontal Irradiance (GHI) and determine the irradiance incident on the Earth's surface. Pyranometers are used in the solar energy industry to monitor the operation of photovoltaic (PV) generating plants. The efficiency of a PV power plant can be assessed by comparing the actual power production from the PV power plant to the projected output based on a pyranometer reading. Therefore, all these benefits of pyranometers for renewable energy usage increase the demand for pyranometers, which fuels the market growth.

On the contrary, lack of knowledge regarding pyranometers hamper the growth Middle East & Africa pyranometer market.

Based on type, the Middle East & Africa pyranometer market is bifurcated into photovoltaic pyranometers and thermopile pyranometers. The thermopile pyranometers segment held 52.4% share of the Middle East & Africa pyranometer market in 2022, amassing US$ 2.63 million. It is projected to garner US$ 3.88 million by 2030 to expand at 5.0% CAGR during 2022–2030.

Based on application, the Middle East & Africa pyranometer market is segmented into photovoltaic systems, meteorology, and climate stations. The photovoltaic systems segment held 51.9% share of Middle East & Africa pyranometer market in 2022, amassing US$ 2.60 million. It is projected to garner US$ 4.06 million by 2030 to expand at 5.7% CAGR during 2022–2030.

Based on country, the Middle East & Africa pyranometer market is categorized into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. South Africa held 38.6% share of Middle East & Africa pyranometer market in 2022, amassing US$ 1.94 million. It is projected to garner US$ 3.14 million by 2030 to expand at 6.2% CAGR during 2022–2030.

Key players operating in the Middle East & Africa pyranometer market are Apogee Instruments Inc, Campbell Scientific Inc, Delta OHM SRL, Delta-T Devices Ltd, Hukseflux Thermal Sensors BV, LI-COR Inc, and OTT HydroMet Corp, among others.

• In June, 2023; Delta OHM S.r.l has launched a new PYRAsense is a new family of pyranometers that brings solar radiation measurements to a higher level Depending on the model and according to ISO 9060:2018 and WMO recommendations, they are classified as PYRAsense10 – Spectrally Flat Class A, PYRAsense02 – Spectrally Flat Class B, and PYRAsense03 – Spectrally Flat Class C.

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