At 6.8% CAGR, the North America Pyranometer Market is Projected to be Worth US$ 61.81 million by 2030, Says Business Market Insights

According to Business Market Insights research, the North America pyranometer market was valued at US$ 36.56 in 2022 and is expected to reach US$ 61.81 million by 2030, registering a CAGR of 6.8% from 2022 to 2030. Growing focus on technological advancement and growing application of pyranometers in agriculture industry are among the critical factors attributed to the North America pyranometer market expansion.

The development of new materials and technologies can improve the performance of pyranometers. New types of sensors such as Silicon-cell solar radiation sensor can be used to measure solar radiation more accurately, and new materials can make pyranometers more durable and resistant to harsh weather conditions. The use of silicon solar cells can provide a more accurate and consistent measurement of solar radiation. Many companies such as Apogee provide a silicon cell pyranometer. Apogee series pyranometers are silicon-cell pyranometers that are only sensitive to a portion of the solar spectrum, between 350 and 1,100 nm (~80% of total shortwave energy falls within this range). Also, the LightScout Silicon Pyranometer from Spectrum Technologies uses a silicon solar cell as the sensor. This provides a more accurate and consistent solar radiation measurement than traditional thermopile pyranometers. The standards for developing silicon-cell pyranometers must meet the International Organisation of Standardization (ISO) 9060:2018 Class C requirements.

Further, new technologies to improve the overall performance and maintenance of pyranometers are being developed by various organizations across the globe. For instance, the SMP12 pyranometer from Kipp & Zonen uses solid-state dome heating, no moving systems, and best-in-class surge protection to maximize accuracy and minimize maintenance requirements. Such technological advancement in pyranometers will lead to more accurate, reliable, and affordable pyranometers for a wider range of applications. Thus, the growing focus on technological advancement related to pyranometers is expected to fuel the market growth during the forecast period.

On the contrary, lack of knowledge regarding pyranometers hamper the growth North America pyranometer market.

Based on type, the North America pyranometer market is bifurcated into photovoltaic pyranometers and thermopile pyranometers. The thermopile pyranometers segment held 57.6% share of the North America pyranometer market in 2022, amassing US$ 21.07 million. It is projected to garner US$ 33.60 million by 2030 to expand at 6.0% CAGR during 2022-2030.

Based on application, the North America pyranometer market is segmented into photovoltaic systems, meteorology, and climate stations. The photovoltaic systems segment held 46.1% share of North America pyranometer market in 2022, amassing US$ 16.87 million. It is projected to garner US$ 29.23 million by 2030 to expand at 7.1% CAGR during 2022-2030.

Based on country, the North America pyranometer market is categorized into the US, Canada, and Mexico. The US held 84.9% share of North America pyranometer market in 2022, amassing US$ 31.03 million. It is projected to garner US$ 53.59 million by 2030 to expand at 7.1% CAGR during 2022-2030.

Key players operating in the North America pyranometer market are Apogee Instruments Inc, Campbell Scientific Inc, Delta OHM SRL, Delta-T Devices Ltd, EKO Instruments Co Ltd, Eppley Laboratory Inc, Hoskin Scientific 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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