North America Pyranometer Market Forecast to 2030

North America 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

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.

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At 6.8% CAGR, the North America Pyranometer Market is Speculated to be Worth US$ 61.81 million by 2030, says The Research Team

According to The Research Team’ 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.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America 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 North America 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 North America 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. 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)

The List of Companies – North America 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. Eppley Laboratory Inc
7. Hoskin Scientific Ltd
8. Hukseflux Thermal Sensors BV
9. LI-COR Inc
10. OTT HydroMet Corp

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