South & Central America Pyranometer Market Forecast to 2030
South & Central 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
Growing Focus on Technological Advancement Plant Fuels the South & Central America 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 period of 2022-2030.
South & Central America Pyranometer Market Overview
Governments of various countries in South & Central America are adopting solar power instead of fossil fuel to mitigate pollution, due to which the governments are promoting the companies to open photovoltaic power plants in countries such as Brazil and Argentina. Many key pyranometer manufacturing companies such as Delta-T Devices Ltd., Darrera, and Acoem are operating across all those plants in various countries. These companies are witnessing the demand for pyranometers from photovoltaic power plants to monitor the effectiveness of the photovoltaic power plant. For instance, in August 2023, Brazil received an investment of US$ 477.99 million from the EDP, a Portuguese power company, to raise its investment in renewable projects. This project aims to generate solar energy with a 530 megawatt-peak (MWp) capacity annually. Thus, such activities of investment and government initiatives towards expanding solar power plants are propelling the South & Central America pyranometer market growth.
South & Central America Pyranometer Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Pyranometer Market Segmentation
The South & Central America pyranometer market is segmented into type, application, and country.
Based on type, the South & Central 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 South & Central 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 South & Central America pyranometer market is segmented Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America 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 South & Central America pyranometer market.
Summary Info
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According to The Research Team’ research, the South & Central America pyranometer market was valued at US$ 3.41 in 2022 and is expected to reach US$ 4.95 million by 2030, registering a CAGR of 4.8% from 2022 to 2030. Government initiatives to build new solar energy plants and growing focus on technological advancements are among the critical factors attributed to the South & Central America 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. 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 South & Central America pyranometer market.
Based on type, the South & Central America pyranometer market is bifurcated into photovoltaic pyranometers and thermopile pyranometers. The thermopile pyranometers segment held 54.9% share of the South & Central America pyranometer market in 2022, amassing US$ 1.87 million. It is projected to garner US$ 2.63 million by 2030 to expand at 4.3% CAGR during 2022-2030.
Based on application, the South & Central America pyranometer market is segmented into photovoltaic systems, meteorology, and climate stations. The photovoltaic systems segment held 52.5% share of South & Central America pyranometer market in 2022, amassing US$ 1.79 million. It is projected to garner US$ 2.64 million by 2030 to expand at 5.0% CAGR during 2022-2030.
Based on country, the South & Central America pyranometer market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil held 54.2% share of South & Central America pyranometer market in 2022, amassing US$ 1.85 million. It is projected to garner US$ 2.69 million by 2030 to expand at 4.8% CAGR during 2022-2030.
Key players operating in the South & Central America 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 South & Central 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 South & Central 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 South & Central 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. South & Central America Pyranometer Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.3 Trends in Solar Energy
4.3.1 South & Central America Solar Market by Region, 2020-2030
5. South & Central 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 – South & Central America Market Analysis
6.1 South & Central America Pyranometer Market Revenue (US$ Million), 2022 – 2030
6.1.1 South & Central America Pyranometer Market Revenue and Forecasts to 2030 (US$ Million)
7. South & Central 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. South & Central 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. South & Central America Pyranometer Market – Country Analysis
9.1 Overview
9.1.1 South & Central America Pyranometer Market, by Key Country- Revenue (2022) (US$ Million)
9.1.2 South & Central America Pyranometer Market Revenue and Forecasts and Analysis – By Countries
9.1.2.1 Brazil: South & Central America Pyranometer Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.1.1 Brazil: South & Central America Pyranometer Market Breakdown by Type
9.1.2.1.2 Brazil: South & Central America Pyranometer Market Breakdown by Application
9.1.2.2 Argentina: South & Central America Pyranometer Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.2.1 Argentina: South & Central America Pyranometer Market Breakdown by Type
9.1.2.2.2 Argentina: South & Central America Pyranometer Market Breakdown by Application
9.1.2.3 Rest of South & Central America Pyranometer Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.3.1 Rest of South & Central America Pyranometer Market Breakdown by Type
9.1.2.3.2 Rest of South & Central 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 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. South & Central America Pyranometer Market Segmentation
Table 2. South & Central America Solar Market by Region, 2020-2030
Table 3. South & Central America Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 4. South & Central America Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 5. South & Central America Pyranometer Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 6. Brazil: South & Central America Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – By Type
Table 7. Brazil: South & Central America Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 8. Argentina: South & Central America Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – By Type
Table 9. Argentina: South & Central America Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 10. Rest of South & Central America Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – By Type
Table 11. Rest of South & Central America Pyranometer Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 12. Company Positioning & Concentration
Table 13. List of Abbreviation
LIST OF FIGURES
Figure 1. South & Central America Pyranometer Market Segmentation, By Country
Figure 2. Ecosystem: South & Central America Pyranometer Market
Figure 3. South & Central America Pyranometer Market – Key Industry Dynamics
Figure 4. South & Central America Pyranometer Market – Key Driver and Restrain Impact Analysis
Figure 5. South & Central America Pyranometer Market Revenue (US$ Million), 2022 & 2030
Figure 6. South & Central America Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
Figure 7. South & Central 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. South & Central 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. South & Central America Pyranometer Market, by Key Country- Revenue (2022) (US$ Million)
Figure 15. South & Central America Pyranometer Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 16. Brazil: South & Central America Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Argentina: South & Central America Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Rest of South & Central America Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
The List of Companies – South & Central America 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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