Europe Pyranometer Market Forecast to 2030
Europe 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
Increasing Application of Pyranometers in Photovoltaic Systems, Climatology, and Meteorology Fuels the Europe Pyranometer Market
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.
Europe Pyranometer Market Overview
The pyranometer market is experiencing considerable growth due to the increasing interest of the European Union (EU) in delivering innovative solutions for global health, technology, and climate challenges. In November 2021, the European Council formed a new collaboration between the European Union’s Member States and industries to introduce creative solutions to overcome health, transportation, energy, digital technology, and metrology concerns. Moreover, research and innovations in product development are expected to fuel the pyranometer market growth in the region. Several metrological research and development (R&D) organizations are working on pyranometer product developments to reduce soiling losses in PV systems. For instance, in November 2022, an international research group led by Spain’s DLR Institute of Solar Research developed Radguard, a novel system that calculated the soiling losses in PV systems. Radguard used a PV reference cell for ~45 minutes at night or a lamp to illuminate a pyranometer. The lamp is secured from soiling by a 25-cm collimator, as scientists stated its importance in maintaining the device’s appropriate functioning and the lamp’s fixed position.
Europe Pyranometer Market Revenue and Forecast to 2030 (US$ Million)
Europe Pyranometer Market Segmentation
The Europe pyranometer market is segmented into type, application, and country.
Based on type, the Europe 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 Europe 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 Europe pyranometer market is France, Germany, the UK, Italy, Russia, and the Rest of Europe. Germany dominated the Europe 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, Lambrecht meteo GmbH, LI-COR Inc, and OTT HydroMet Corp are some of the leading companies operating in the Europe pyranometer market.
Summary Info
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According to The Research Team’ research, the Europe pyranometer market was valued at US$ 27.14 in 2022 and is expected to reach US$ 54.29 million by 2030, registering a CAGR of 9.1% from 2022 to 2030. Government initiatives to build new solar energy plants and increasing application of pyranometers in photovoltaic systems, climatology, and meteorology are among the critical factors attributed to the Europe pyranometer market expansion.
Pyranometers have been used primarily for climatological study and weather monitoring, but increasing global interest in solar energy has also raised interest in pyranometers. Additionally, governments of various countries are taking several initiatives to create new solar energy production facilities to create green energy, which is projected to directly impact pyranometer sales. In November 2021, TotalEnergies launched its largest photovoltaic solar power plant in France, with a capacity of 55 megawatts (MW). The solar farm, located at the northeast of Gien (Loiret), comprises 126,000 photovoltaic panels spread over 75 hectares. The plant will produce ~64 GWh per year, equivalent to the annual electricity consumption of 38,000 people, and keep over 550,000 metric tons of CO2 out of the atmosphere during its lifetime. Additionally, the efficiency of a PV power plant can be determined by comparing the actual power output of the PV power plant to the expected output based on pyranometer readings. Any significant drop in efficiency might indicate that the PV plant requires maintenance. Thus, government initiatives to build new solar energy production facilities are likely to create new opportunities for the pyranometer market players in the coming years.
On the contrary, lack of knowledge regarding pyranometers hamper the growth Europe pyranometer market.
Based on type, the Europe pyranometer market is bifurcated into photovoltaic pyranometers and thermopile pyranometers. The thermopile pyranometers segment held 53.5% share of the Europe pyranometer market in 2022, amassing US$ 14.52 million. It is projected to garner US$ 27.57 million by 2030 to expand at 8.3% CAGR during 2022-2030.
Based on application, the Europe pyranometer market is segmented into photovoltaic systems, meteorology, and climate stations. The photovoltaic systems segment held 49.6% share of Europe pyranometer market in 2022, amassing US$ 13.45 million. It is projected to garner US$ 27.16 million by 2030 to expand at 9.2% CAGR during 2022-2030.
Based on country, the Europe pyranometer market is categorized into France, Germany, the UK, Italy, Russia, and the Rest of Europe. Germany held 31.0% share of Europe pyranometer market in 2022, amassing US$ 8.42 million. It is projected to garner US$ 18.27 million by 2030 to expand at 10.2% CAGR during 2022-2030.
Key players operating in the Europe pyranometer market are Apogee Instruments Inc, Campbell Scientific Inc, Delta OHM SRL, Delta-T Devices Ltd, EKO Instruments Co Ltd, Hukseflux Thermal Sensors BV, Lambrecht meteo GmbH, 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 Europe 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 Europe 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 Europe 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. Europe Pyranometer Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors
4.4 Trends in Solar Energy
4.4.1 Europe Solar Market by Region, 2020-2030
5. Europe 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 – Europe Market Analysis
6.1 Europe Pyranometer Market Revenue (US$ Million), 2022 – 2030
6.1.1 Europe Pyranometer Market Revenue and Forecasts to 2030 (US$ Mn)
7. Europe 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. Europe 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. Europe Pyranometer Market – Country Analysis
9.1 Overview
9.1.1 Europe Pyranometer Market, By Key Country- Revenue (2022) (US$ Mn)
9.1.2 Europe Pyranometer Market Revenue and Forecasts and Analysis – By Countries
9.1.2.1 Germany: Europe Pyranometer Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.1.1 Germany: Europe Pyranometer Market Breakdown by Type
9.1.2.1.2 Germany: Europe Pyranometer Market Breakdown by Application
9.1.2.2 France: Europe Pyranometer Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 France: Europe Pyranometer Market Breakdown by Type
9.1.2.2.2 France: Europe Pyranometer Market Breakdown by Application
9.1.2.3 Italy: Europe Pyranometer Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 Italy: Europe Pyranometer Market Breakdown by Type
9.1.2.3.2 Italy: Europe Pyranometer Market Breakdown by Application
9.1.2.4 UK: Europe Pyranometer Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 UK: Europe Pyranometer Market Breakdown by Type
9.1.2.4.2 UK: Europe Pyranometer Market Breakdown by Application
9.1.2.5 Russia: Europe Pyranometer Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.5.1 Russia: Europe Pyranometer Market Breakdown by Type
9.1.2.5.2 Russia: Europe Pyranometer Market Breakdown by Application
9.1.2.6 Rest of Europe Pyranometer Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.6.1 Rest of Europe Pyranometer Market Breakdown by Type
9.1.2.6.2 Rest of Europe 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 Lambrecht meteo GmbH
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
13. Appendix
13.1 Word Index
LIST OF TABLES
Table 1. Europe Pyranometer Market Segmentation
Table 2. Europe Solar Market by Region, 2020-2030
Table 3. Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 4. Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 5. Europe Pyranometer Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 6. Germany: Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 7. Germany: Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 8. France: Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 9. France: Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 10. Italy: Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 11. Italy: Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 12. UK: Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 13. UK: Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 14. Russia: Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 15. Russia: Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 16. Rest of Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 17. Rest of Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 18. Company Positioning & Concentration
Table 19. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Pyranometer Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Europe Pyranometer Market
Figure 4. Europe Pyranometer Market – Key Industry Dynamics
Figure 5. Europe Pyranometer Market – Key Driver and Restrain Impact Analysis
Figure 6. Europe Pyranometer Market Revenue (US$ Million), 2022 & 2030
Figure 7. Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 8. Europe Pyranometer Market Share (%) – Type, 2022 and 2030
Figure 9. Silicon Pyranometers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Thermopile Pyranometers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Europe Pyranometer Market Share (%) – Application, 2022 and 2030
Figure 12. Photovoltaic Systems Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Meteorology Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Climate Station Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Europe Pyranometer Market , By Key Country- Revenue (2022)(US$ Mn)
Figure 16. Europe Pyranometer Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 17. Germany: Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 18. France: Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 19. Italy: Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 20. UK: Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 21. Russia: Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. Rest of Europe Pyranometer Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – Europe 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. Lambrecht meteo GmbH
8. LI-COR Inc
9. OTT HydroMet Corp
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