North America Pyranometer Market Forecast to 2030 - Regional Analysis - by Type (Photovoltaic Pyranometers and Thermopile Pyranometers) and Application (Photovoltaic Systems, Meteorology, and Climate Stations)
The North America pyranometer market was valued at US$ 36.56 million in 2022 and is expected to reach US$ 61.81 million by 2030; it is estimated to grow at a CAGR of 6.8% from 2022 to 2030.
Rising Awareness About Benefits of Using Pyranometer Fuels the North America Pyranometer Market
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.
North America Pyranometer Market Overview
The pyranometer market in North America is witnessing an upward trend due to high government investment in the photovoltaic power plant. As the pyranometer is used to monitor the performance and effectiveness of a photovoltaic power plant, its adoption across this plant is huge. Many initiatives have been taken by governments of various countries in North America to shift from traditional power supply to solar power supply due to the continuous depletion of fossil fuels. These photovoltaic power plants can fulfil the growing need for power supply for solar distillation, water heating, indoor as well as outdoor lighting, etc.
For instance, in January 2022, OTT HydroMet, a brand of Kipp & Zonen in the US, launched an innovation to solar monitoring, i.e., SMP12. SMP12 is an ISO- and IEC-compliant product that provides integrated heating with surge protection and has zero moving parts. This innovation provides enhanced surge protection, helping the plant operators harness the impact of poor grounding and unstable power sources on the monitoring system. The new advancement of the pyranometer helps customers reduce the failure risk and maintain performance.
Further, pyranometers play a pivotal role in monitoring the performance and efficiency of these photovoltaic power plants, making their adoption widespread. In November 2022, Enel North America announced its plan to build one of the largest solar power plant manufacturing facilities in the US. Establishing this solar power plant manufacturing facility further highlights the region's aim to capture solar energy. This plan indicates the growing market for photovoltaic power plants, with the pyranometer being the crucial element of the solar plates. Enel is expected to produce more than 3–6 GW of cells and high-performance bifacial PV modules. All these developments are boosting the pyranometer market for solar power plant applications.
North America Pyranometer Market Revenue and Forecast to 2030 (US$ Million)
North America Pyranometer Market Segmentation
The North America pyranometer market is segmented into type, application, and country.
Based on type, the North America pyranometer market is bifurcated into photovoltaic pyranometers and thermopile pyranometers. The thermopile pyranometers segment held a larger share in 2022.
In terms of application, the North America pyranometer market is categorized into photovoltaic systems, meteorology, and climate stations. The photovoltaic systems segment held the largest share in 2022.
Based on country, the North America pyranometer market is segmented the US, Canada, and Mexico. The US dominated the North America pyranometer market in 2022.
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 are some of the leading companies operating in the North America pyranometer market.
Table of Content
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Pyranometer Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors
4.3 Trends in Solar Energy
4.3.1 North America Solar Market by Region, 2020-2030
5. North America Pyranometer Market - Key Industry Dynamics
5.1 Drivers
5.1.1 Rising Awareness About Benefits of Using Pyranometer
5.1.2 Increasing Application of Pyranometers in Photovoltaic Systems, Climatology, and Meteorology
5.1.3 Growing Application of Pyranometers in Agriculture Industry
5.2 Restraints
5.2.1 Lack of Knowledge Regarding Pyranometers
5.2.2 Relatively High Cost of Thermopile Pyranometers
5.3 Opportunity
5.3.1 Government Initiatives to Build New Solar Energy Plant
5.4 Future Trends
5.4.1 Growing Focus on Technological Advancement
6. Pyranometer Market - North America Market Analysis
6.1 North America Pyranometer Market Revenue (US$ Million), 2022 - 2030
6.1.1 North America Pyranometer Market Revenue and Forecasts to 2030 (US$ Mn)
7. North America Pyranometer Market Analysis - Type
7.1 Silicon Pyranometers
7.1.1 Overview
7.1.2 Silicon Pyranometers Market Revenue and Forecasts To 2030 (US$ Million)
7.2 Thermopile Pyranometers
7.2.1 Overview
7.2.2 Thermopile Pyranometers Market Revenue and Forecasts To 2030 (US$ Million)
8. North America Pyranometer Market Analysis - Application
8.1 Photovoltaic Systems
8.1.1 Overview
8.1.2 Photovoltaic Systems Market Revenue and Forecasts To 2030 (US$ Million)
8.2 Meteorology
8.2.1 Overview
8.2.2 Meteorology Market Revenue and Forecasts To 2030 (US$ Million)
8.3 Climate Station
8.3.1 Overview
8.3.2 Climate Station Market Revenue and Forecasts To 2030 (US$ Million)
9. North America Pyranometer Market - Country Analysis
9.1 Overview
9.1.1 North America Pyranometer Market, by Key Country- Revenue (2022) (US$ Mn)
9.1.2 North America Pyranometer Market Revenue and Forecasts and Analysis - By Countries
9.1.2.1 North America Pyranometer Market, by Country - Revenue and Forecast to 2030 (USD Million)
9.1.2.2 US: North America Pyranometer Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 US: North America Pyranometer Market Breakdown by Type
9.1.2.2.2 US: North America Pyranometer Market Breakdown by Application
9.1.2.3 Canada: North America Pyranometer Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 Canada: North America Pyranometer Market Breakdown by Type
9.1.2.3.2 Canada: North America Pyranometer Market Breakdown by Application
9.1.2.4 Mexico: North America Pyranometer Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 Mexico: North America Pyranometer Market Breakdown by Type
9.1.2.4.2 Mexico: North America Pyranometer Market Breakdown by Application
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 Hukseflux Thermal Sensors BV
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Delta OHM SRL
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 LI-COR Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Eppley Laboratory Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 OTT HydroMet Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Apogee Instruments Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Campbell Scientific Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Delta-T Devices Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 EKO Instruments Co Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Hoskin Scientific Ltd
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 Word Index
List of Tables
Table 1. North America Pyranometer Market Segmentation
Table 2. North America Solar Market by Region, 2020-2030
Table 3. North America Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) - Type
Table 4. North America Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) - Application
Table 5. North America Pyranometer Market, by Country - Revenue and Forecast to 2030 (USD Million)
Table 6. US: North America Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn) - By Type
Table 7. US: North America Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn) - By Application
Table 8. Canada: North America Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn) - By Type
Table 9. Canada: North America Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn) - By Application
Table 10. Company Positioning & Concentration
Table 11. List of Abbreviation
List of Figures
Figure 1. North America Pyranometer Market Segmentation, By Country
Figure 2. Ecosystem: North America Pyranometer Market
Figure 3. North America Pyranometer Market - Key Industry Dynamics
Figure 4. North America Pyranometer Market - Key Driver and Restrain Impact Analysis
Figure 5. North America Pyranometer Market Revenue (US$ Million), 2022 & 2030
Figure 6. North America Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 7. North America Pyranometer Market Share (%) - Type, 2022 and 2030
Figure 8. Silicon Pyranometers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Thermopile Pyranometers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. North America Pyranometer Market Share (%) - Application, 2022 and 2030
Figure 11. Photovoltaic Systems Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Meteorology Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Climate Station Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. North America Pyranometer Market, by Key Country- Revenue (2022) (US$ Mn)
Figure 15. North America pyranometer market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 16. US: North America Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 17. Canada: North America Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 18. Mexico: North America Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn)
1. Apogee Instruments Inc
2. Campbell Scientific Inc
3. Delta OHM SRL
4. Delta-T Devices Ltd
5. EKO Instruments Co Ltd
6. Eppley Laboratory Inc
7. Hoskin Scientific Ltd
8. Hukseflux Thermal Sensors BV
9. LI-COR Inc
10. OTT HydroMet Corp
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