Middle East & Africa Pyranometer Market Forecast to 2030
Middle East & Africa 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 Focus on Technological Advancement Fuels the Middle East & Africa Pyranometer Market
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.
Middle East & Africa Pyranometer Market Overview
In South Africa, initiatives to secure a deal with China for a stable supply of solar panels show the region’s focus on addressing the energy crisis through the usage of renewable energy sources. South Africa’s power shortages and blackouts challenges indicate a growing need for solar power installations. In addition to the above deal, in February 2023, Mobarakeh Steel Company was expected to invest US$ 500 million in a solar photovoltaic power plant in Iran. This plant is expected to be fully operational in three years. Kouhpayeh PV power station is the largest station in South Africa, and its investment represents the active interest of major players in the Middle East in adopting solar power plants. Such deals and continuous investments highlight the importance of precise solar radiation measurements, which pyranometers provide, to optimize the efficiency and output of solar projects. The increase in solar investments resulting from this deal will likely boost the pyranometer market in the Middle East, as accurate solar data is a crucial part of reliable energy generation.
Middle East & Africa Pyranometer Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Pyranometer Market Segmentation
The Middle East & Africa pyranometer market is segmented into type, application, and country.
Based on type, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa pyranometer market is South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. South Africa dominated the Middle East & Africa pyranometer market in 2022.
Apogee Instruments Inc, Campbell Scientific Inc, Delta OHM SRL, Delta-T Devices Ltd, Hukseflux Thermal Sensors BV, LI-COR Inc, and OTT HydroMet Corp are some of the leading companies operating in the Middle East & Africa pyranometer market.
Summary Info
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According to The Research Team’ 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.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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. Middle East & Africa Pyranometer Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.3 Trends in Solar Energy
4.3.1 Middle East & Africa Solar Market by Region, 2020-2030
5. Middle East & Africa 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 – Middle East & Africa Market Analysis
6.1 Middle East & Africa Pyranometer Market Revenue (US$ Million), 2022 – 2030
6.1.1 Middle East & Africa Pyranometer Market Revenue and Forecasts to 2030 (US$ Million)
7. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa Pyranometer Market – Geographical Analysis
9.1 Middle East & Africa
9.1.1 Middle East & Africa Pyranometer Market Overview
9.1.2 Middle East & Africa Pyranometer Market , by Key Country- Revenue (2022) (US$ Million)
9.1.3 Middle East & Africa Pyranometer Market Revenue and Forecasts and Analysis – By Countries
9.1.3.1 South Africa: Middle East & Africa Pyranometer Market Revenue and Forecasts to 2030 (US$ Million)
9.1.3.1.1 South Africa: Middle East & Africa Pyranometer Market Breakdown by Type
9.1.3.1.2 South Africa: Middle East & Africa Pyranometer Market Breakdown by Application
9.1.3.2 Saudi Arabia: Middle East & Africa Pyranometer Market Revenue and Forecasts to 2030 (US$ Million)
9.1.3.2.1 Saudi Arabia: Middle East & Africa Pyranometer Market Breakdown by Type
9.1.3.2.2 Saudi Arabia: Middle East & Africa Pyranometer Market Breakdown by Application
9.1.3.3 UAE: Middle East & Africa Pyranometer Market Revenue and Forecasts to 2030 (US$ Million)
9.1.3.3.1 UAE: Middle East & Africa Pyranometer Market Breakdown by Type
9.1.3.3.2 UAE: Middle East & Africa Pyranometer Market Breakdown by Application
9.1.3.4 Rest of Middle East & Africa Pyranometer Market Revenue and Forecasts to 2030 (US$ Million)
9.1.3.4.1 Rest of Middle East & Africa Pyranometer Market Breakdown by Type
9.1.3.4.2 Rest of Middle East & Africa 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
13. Appendix
13.1 Word Index
LIST OF TABLES
Table 1. Middle East & Africa Pyranometer Market Segmentation 9
Table 2. Middle East & Africa Solar Market by Region, 2020-2030
Table 3. Middle East & Africa Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 4. Middle East & Africa Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 5. Middle East and Africa Middle East & Africa Pyranometer Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 6. South Africa: Middle East & Africa Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – By Type
Table 7. South Africa: Middle East & Africa Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 8. Saudi Arabia: Middle East & Africa Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – By Type
Table 9. Saudi Arabia: Middle East & Africa Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 10. UAE: Middle East & Africa Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – By Type
Table 11. UAE: Middle East & Africa Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 12. Rest of Middle East & Africa Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – By Type
Table 13. Rest of Middle East & Africa Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 14. Company Positioning & Concentration
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Pyranometer Market Segmentation, By Country
Figure 2. Ecosystem: Middle East & Africa Pyranometer Market
Figure 3. Middle East & Africa Pyranometer Market – Key Industry Dynamics
Figure 4. Middle East & Africa Pyranometer Market – Key Driver and Restrain Impact Analysis
Figure 5. Middle East & Africa Pyranometer Market Revenue (US$ Million), 2022 & 2030
Figure 6. Middle East & Africa Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
Figure 7. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa Pyranometer Market, by Key Country- Revenue (2022) (US$ Million)
Figure 15. Middle East & Africa Pyranometer Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 16. South Africa: Middle East & Africa Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Saudi Arabia: Middle East & Africa Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. UAE: Middle East & Africa Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Rest of Middle East & Africa Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
The List of Companies – Middle East & Africa Pyranometer Market
1. Apogee Instruments Inc
2. Campbell Scientific Inc
3. Delta OHM SRL
4. Delta-T Devices Ltd
5. Hukseflux Thermal Sensors BV
6. LI-COR Inc
7. OTT HydroMet Corp
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