Asia Pacific Pyranometer Market Forecast to 2030
Asia Pacific Pyranometer Market Forecast to 2030 – Regional Analysis – by Type (Photovoltaic Pyranometers and Thermopile Pyranometers) and Application (Photovoltaic Systems, Meteorology, and Climate Stations)
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Description
Growing Application of Pyranometers in Agriculture Industry Fuels the Asia Pacific Pyranometer Market
Pyranometers are being used in a wide range of applications in the agriculture industry. Pyranometers are used in agriculture to measure solar radiation levels for crop growth and yield prediction. Pyranometers are often used in agriculture to determine the amount of solar radiation absorbed by crops and soil. The information is critical because it allows farmers to calculate the energy available for photosynthesis (it is the process through which plants turn sunlight into energy, allowing them to grow and thrive). Pyranometers can assist farmers in identifying agricultural problems before they become severe. For example, a pyranometer reading can determine if a crop is not receiving appropriate solar radiation, encouraging the farmer to take action to improve the situation.
Similarly, if a crop receives excessive solar radiation, the farmer can take action to minimize the amount of radiation received. Such features of the pyranometer assist farmers in optimizing crop growth and increasing crop output and quality. Pyranometers are great tools for increasing crop yield and quality. They also assist farmers in optimizing fertilizer use and water use, which helps to reduce harmful environmental effects. Thus, the rising application of pyranometers in agriculture is driving the growth of the pyranometer market.
Asia Pacific Pyranometer Market Overview
Asia Pacific (APAC) is experiencing a remarkable surge in the solar energy sector owing to the establishment of new photovoltaic power plants in Mongolia, China, India, and other countries. Increasing awareness regarding the importance of clean energy in developing nations has fueled the development of solar panels, thereby boosting the adoption of pyranometers as they are crucial for accurately measuring solar radiation and optimizing solar energy generation.
For instance, in September 2023, the Mongolian government, in collaboration with the Asian Development Bank, inaugurated a 10 MW photovoltaic power plant in Mongolia. This plant is expected to produce 20 million kW-hours of energy annually. To achieve this goal, pyranometers are likely to be employed to provide precise readings of solar radiation, ensuring maximum energy output from the solar panels. In June 2023, China’s Kela photovoltaic (PV) power station stood as a testament to the region’s commitment to clean energy. This high-altitude facility, combining solar and hydropower, highlights the growing importance of reliable solar energy production. Pyranometers play a pivotal role in aiding in the efficient generation of clean energy as they help measure solar irradiance.
In addition, advancements in pyranometer technology have bolstered the solar energy industry in APAC. In August 2022, EKO Instruments introduced the MS-80SH, an innovative addition to its MS-80 series of Class A pyranometers. This device incorporates an integrated dome heating system to resist dew and frost, ensuring consistent performance in photovoltaic system monitoring and scientific research. Its low power consumption of under 1.4W is an industry-leading efficiency feature. APAC is witnessing a surge in the solar energy sector, driven by the establishment of photovoltaic power plants and the increasing awareness of clean energy. Pyranometers are a major growth factor, facilitating accurate solar radiation measurements and contributing to the region’s transition towards sustainable energy sources. Additionally, advancements in pyranometer technology are further enhancing the overall efficiency and performance of solar energy systems in the region.
Asia Pacific Pyranometer Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Pyranometer Market Segmentation
The Asia Pacific pyranometer market is segmented into type, application, and country.
Based on type, the Asia Pacific 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 Asia Pacific 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 Asia Pacific pyranometer market is China, South Korea, Japan, Australia, India, and the Rest of Asia Pacific. China dominated the Asia Pacific pyranometer market in 2022.
Apogee Instruments Inc, Campbell Scientific Inc, Delta OHM SRL, Delta-T Devices Ltd, EKO Instruments Co Ltd, Hukseflux Thermal Sensors BV, LI-COR Inc, and OTT HydroMet Corp are some of the leading companies operating in the Asia Pacific pyranometer market.
Summary Info
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According to The Research Team’ research, the Asia Pacific pyranometer market was valued at US$ 25.08 in 2022 and is expected to reach US$ 54.66 million by 2030, registering a CAGR of 10.2% from 2022 to 2030. Increasing application of pyranometers in photovoltaic systems, climatology, and meteorology and rising awareness about benefits of using pyranometer are among the critical factors attributed to the Asia Pacific pyranometer market expansion.
Solar energy is the use of sunlight to generate electricity or heat, and pyranometers are used to measure the amount of available solar energy. In photovoltaic systems, pyranometers are used to measure the solar irradiance that hits the solar panels. This calculated value is used to measure the panels’ power output and ensure that they are operating at their maximum efficiency. Additionally, the pyranometer used in the solar energy industry monitors the performance of PV power plants. On the basis of a pyranometer reading, the efficiency of the PV power plant can be determined by comparing the actual power output from the PV power plant to the expected output. Several companies such as Apogee Instruments and Soluzione Solare S.r.l offer pyranometers, which are applied in PV systems. In climatology, pyranometers measure the amount of solar radiation that reaches the Earth’s surface. This information is used to study climate change and develop Earth’s atmosphere models. Climatology is the study of climate, and pyranometers are used in climatology to measure solar irradiance over long periods. Therefore, the increasing application of pyranometers in photovoltaic systems, climatology, and meteorology is driving the pyranometer market growth.
On the contrary, lack of knowledge regarding pyranometers hamper the growth Asia Pacific pyranometer market.
Based on type, the Asia Pacific pyranometer market is bifurcated into photovoltaic pyranometers and thermopile pyranometers. The thermopile pyranometers segment held 51.9% share of the Asia Pacific pyranometer market in 2022, amassing US$ 13.02 million. It is projected to garner US$ 27.23 million by 2030 to expand at 9.7% CAGR during 2022-2030.
Based on application, the Asia Pacific pyranometer market is segmented into photovoltaic systems, meteorology, and climate stations. The photovoltaic systems segment held 50.9% share of Asia Pacific pyranometer market in 2022, amassing US$ 12.76 million. It is projected to garner US$ 28.01 million by 2030 to expand at 10.3% CAGR during 2022-2030.
Based on country, the Asia Pacific pyranometer market is categorized into China, South Korea, Japan, Australia, India, and the Rest of Asia Pacific. China held 33.4% share of Asia Pacific pyranometer market in 2022, amassing US$ 8.37 million. It is projected to garner US$ 20.39 million by 2030 to expand at 11.8% CAGR during 2022-2030.
Key players operating in the Asia Pacific pyranometer market are Apogee Instruments Inc, Campbell Scientific Inc, Delta OHM SRL, Delta-T Devices Ltd, EKO Instruments Co 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.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific pyranometer market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific pyranometer market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team 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. Asia Pacific 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 Asia Pacific Solar Market by Region, 2020-2030
5. Asia Pacific 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 – Asia Pacific Market Analysis
6.1 Asia Pacific Pyranometer Market Revenue (US$ Million), 2022 – 2030
6.1.1 Asia Pacific Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
7. Asia Pacific 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. Asia Pacific 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. Asia Pacific Pyranometer Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific Pyranometer market, by Key Countries- Revenue (2022) (US$ Million)
9.1.2 Asia Pacific Pyranometer market Breakdown by Countries
9.1.2.1 Australia: Asia Pacific Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
9.1.2.1.1 Australia: Asia Pacific Pyranometer Market Breakdown by Type
9.1.2.1.2 Australia: Asia Pacific Pyranometer Market Breakdown by Application
9.1.2.2 China: Asia Pacific Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
9.1.2.2.1 China: Asia Pacific Pyranometer Market Breakdown by Type
9.1.2.2.2 China: Asia Pacific Pyranometer Market Breakdown by Application
9.1.2.3 India: Asia Pacific Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
9.1.2.3.1 India: Asia Pacific Pyranometer Market Breakdown by Type
9.1.2.3.2 India: Asia Pacific Pyranometer Market Breakdown by Application
9.1.2.4 Japan: Asia Pacific Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
9.1.2.4.1 Japan: Asia Pacific Pyranometer Market Breakdown by Type
9.1.2.4.2 Japan: Asia Pacific Pyranometer Market Breakdown by Application
9.1.2.5 South Korea: Asia Pacific Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
9.1.2.5.1 South Korea: Asia Pacific Pyranometer Market Breakdown by Type
9.1.2.5.2 South Korea: Asia Pacific Pyranometer Market Breakdown by Application
9.1.2.6 Rest of Asia Pacific Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
9.1.2.6.1 Rest of Asia Pacific Pyranometer Market Breakdown by Type
9.1.2.6.2 Rest of Asia Pacific 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 OTT HydroMet Corp
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 Apogee Instruments Inc
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 Campbell Scientific 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 Delta-T Devices Ltd
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 EKO Instruments Co 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
13. Appendix
13.1 Word Index
LIST OF TABLES
Table 1. Asia Pacific Pyranometer Market Segmentation
Table 2. Asia Pacific Solar Market by Region, 2020-2030
Table 3. Asia Pacific Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 4. Asia Pacific Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 5. Asia Pacific Pyranometer Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 6. Australia: Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million) – Type
Table 7. Australia: Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million) – Application
Table 8. China: Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million) – Type
Table 9. China: Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million) – Application
Table 10. India: Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million) – Type
Table 11. India: Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million) – Application
Table 12. Japan: Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million) – Type
Table 13. Japan: Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million) – Application
Table 14. South Korea: Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million) – Type
Table 15. South Korea: Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million) – Application
Table 16. Rest of Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million) – Type
Table 17. Rest of Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million) – Application
Table 18. Company Positioning & Concentration
Table 19. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Pyranometer Market Segmentation, By Country
Figure 2. Ecosystem: Asia Pacific Pyranometer Market
Figure 3. Asia Pacific Pyranometer Market – Key Industry Dynamics
Figure 4. Asia Pacific Pyranometer Market – Key Driver and Restrain Impact Analysis
Figure 5. Asia Pacific Pyranometer Market Revenue (US$ Million), 2022 & 2030
Figure 6. Asia Pacific Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
Figure 7. Asia Pacific 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. Asia Pacific 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. Asia Pacific Pyranometer market, by Key Countries- Revenue (2022) (US$ Million)
Figure 15. Asia Pacific Pyranometer Market Breakdown by Key Countries, 2022 And 2030 (%)
Figure 16. Australia: Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million)
Figure 17. China: Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million)
Figure 18. India: Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million)
Figure 19. Japan: Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million)
Figure 20. South Korea: Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million)
Figure 21. Rest of Asia Pacific Pyranometer Market Revenue And Forecasts To 2030 (US$ Million)
The List of Companies – Asia Pacific Pyranometer Market
1. Apogee Instruments Inc
2. Campbell Scientific Inc
3. Delta OHM SRL
4. Delta-T Devices Ltd
5. EKO Instruments Co Ltd
6. Hukseflux Thermal Sensors BV
7. LI-COR Inc
8. OTT HydroMet Corp
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