Solar Power Meters Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F- Product Image

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Solar Power Meters Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F

Report
180 Pages
May 2025
Region: Global
TechSci Research
ID: 6091568

The Solar Power Meters Market was valued at USD 4.37 Billion in 2024, and is expected to reach USD 9.18 Billion by 2030, rising at a CAGR of 12.99%. This market includes instruments that measure solar irradiance and monitor solar power output, essential for evaluating the efficiency and performance of solar energy systems. These meters are vital tools in the installation, testing, maintenance, and monitoring of photovoltaic (PV) systems. Used by engineers, researchers, and energy providers, solar power meters support the global transition toward renewable energy. Technological progress, including improvements in digital interfaces, sensors, and wireless communication, is enhancing the accuracy and usability of these tools. The increasing adoption of solar energy, supported by falling PV costs and favorable government policies, is fueling demand for both basic and advanced solar metering devices across residential, commercial, and industrial applications.

Key Market Drivers

Rising Adoption of Solar Energy Systems Worldwide

The global surge in solar energy adoption is a primary catalyst for the solar power meters market. As nations increase investment in renewable infrastructure to mitigate climate change and reduce reliance on fossil fuels, the deployment of solar panels has grown rapidly. This growth necessitates precise irradiance measurement tools to optimize system performance, verify output, and support site evaluations.

Solar power meters enable accurate assessments during installation and maintenance, ensuring efficient energy production. In 2023, renewable sources contributed over 30% of global electricity, with solar leading the capacity expansion. More than 530 GW of new renewable capacity was added globally in 2023, with solar PV accounting for a substantial portion. These dynamics underscore the critical need for reliable metering solutions to maintain performance and enhance solar energy ROI.

Key Market Challenges

High Initial Costs and Limited Awareness in Emerging Markets

One of the key challenges restraining market expansion is the high upfront cost of solar power meters, particularly in developing economies. Despite their role in improving PV system efficiency and long-term savings, many small-scale installers and end-users view these tools as non-essential due to cost sensitivity. This is compounded by a lack of awareness regarding the long-term benefits, such as reduced system maintenance and improved performance monitoring. In regions with limited access to technical training, users may struggle to interpret or fully utilize meter data, reducing the perceived value. Furthermore, supply chain barriers, high import taxes, and lack of local manufacturing often inflate costs and delay product availability. These factors hinder adoption, especially where government mandates for system performance monitoring are absent.

Key Market Trends

Integration of Smart Features and IoT Capabilities in Solar Power Meters

A transformative trend in the market is the integration of smart technologies and IoT functionality into solar power meters. These advanced meters offer features like wireless connectivity, real-time data access, cloud storage, and remote monitoring through mobile apps or centralized dashboards. These enhancements allow users to monitor multiple PV systems efficiently, enabling predictive maintenance and performance optimization. Smart solar meters are increasingly being deployed in solar farms and commercial installations, aligning with broader digitalization efforts in the energy sector. Integration with energy management systems ensures seamless tracking and improved energy yield analysis. As prices for smart devices decline and awareness grows, adoption is expanding across residential and educational sectors, reflecting a broader shift toward connected, intelligent renewable energy infrastructure.

Key Market Players

Adani Electricity Mumbai Limited
Itron, Inc.
Sensus USA Inc.
Sagemcom SAS
Wasion Group Limited
Landis+gyr Group AG
Pacific Gas and Electric Company
Omega Engineering Inc.

Report Scope:

In this report, the Global Solar Power Meters Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Solar Power Meters Market, By Type:

On-Grid Solar Power Meters
Off-Grid Solar Power Meters
Handheld Solar Power Meters

Solar Power Meters Market, By Measurement:

Current Measurement
Voltage Measurement
Power Measurement
Energy Measurement

Solar Power Meters Market, By End-User:

Residential
Commercial
Industrial
Utilities

Solar Power Meters Market, By Form Factor:

Panel Mount Solar Power Meters
DIN Rail Mount Solar Power Meters
Portable Solar Power Meters

Solar Power Meters Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia-Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Solar Power Meters Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report.

Company Information

Detailed analysis and profiling of additional Market players (up to five).

This product will be delivered within 1-3 business days.

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
2.5.1. Secondary Research
2.5.2. Primary Research
2.6. Approach for the Market Study
2.6.1. The Bottom-Up Approach
2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
2.8.1. Data Triangulation & Validation

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. Voice of Customer

5. Global Solar Power Meters Market Outlook

5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (On-Grid Solar Power Meters, Off-Grid Solar Power Meters, Handheld Solar Power Meters)
5.2.2. By Measurement (Current Measurement, Voltage Measurement, Power Measurement, Energy Measurement)
5.2.3. By End-User (Residential, Commercial, Industrial, Utilities)
5.2.4. By Form Factor (Panel Mount Solar Power Meters, DIN Rail Mount Solar Power Meters, Portable Solar Power Meters)
5.2.5. By Region
5.3. By Company (2024)
5.4. Market Map

6. North America Solar Power Meters Market Outlook

6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Measurement
6.2.3. By End-User
6.2.4. By Form Factor
6.2.5. By Country
6.3. North America: Country Analysis
6.3.1. United States Solar Power Meters Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type
6.3.1.2.2. By Measurement
6.3.1.2.3. By End-User
6.3.1.2.4. By Form Factor
6.3.2. Canada Solar Power Meters Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Type
6.3.2.2.2. By Measurement
6.3.2.2.3. By End-User
6.3.2.2.4. By Form Factor
6.3.3. Mexico Solar Power Meters Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Type
6.3.3.2.2. By Measurement
6.3.3.2.3. By End-User
6.3.3.2.4. By Form Factor

7. Europe Solar Power Meters Market Outlook

7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Measurement
7.2.3. By End-User
7.2.4. By Form Factor
7.2.5. By Country
7.3. Europe: Country Analysis
7.3.1. Germany Solar Power Meters Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Measurement
7.3.1.2.3. By End-User
7.3.1.2.4. By Form Factor
7.3.2. United Kingdom Solar Power Meters Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By Measurement
7.3.2.2.3. By End-User
7.3.2.2.4. By Form Factor
7.3.3. Italy Solar Power Meters Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Type
7.3.3.2.2. By Measurement
7.3.3.2.3. By End-User
7.3.3.2.4. By Form Factor
7.3.4. France Solar Power Meters Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Type
7.3.4.2.2. By Measurement
7.3.4.2.3. By End-User
7.3.4.2.4. By Form Factor
7.3.5. Spain Solar Power Meters Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Type
7.3.5.2.2. By Measurement
7.3.5.2.3. By End-User
7.3.5.2.4. By Form Factor

8. Asia-Pacific Solar Power Meters Market Outlook

8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Measurement
8.2.3. By End-User
8.2.4. By Form Factor
8.2.5. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Solar Power Meters Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Type
8.3.1.2.2. By Measurement
8.3.1.2.3. By End-User
8.3.1.2.4. By Form Factor
8.3.2. India Solar Power Meters Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Type
8.3.2.2.2. By Measurement
8.3.2.2.3. By End-User
8.3.2.2.4. By Form Factor
8.3.3. Japan Solar Power Meters Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Type
8.3.3.2.2. By Measurement
8.3.3.2.3. By End-User
8.3.3.2.4. By Form Factor
8.3.4. South Korea Solar Power Meters Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Type
8.3.4.2.2. By Measurement
8.3.4.2.3. By End-User
8.3.4.2.4. By Form Factor
8.3.5. Australia Solar Power Meters Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Type
8.3.5.2.2. By Measurement
8.3.5.2.3. By End-User
8.3.5.2.4. By Form Factor

9. South America Solar Power Meters Market Outlook

9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Measurement
9.2.3. By End-User
9.2.4. By Form Factor
9.2.5. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Solar Power Meters Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Type
9.3.1.2.2. By Measurement
9.3.1.2.3. By End-User
9.3.1.2.4. By Form Factor
9.3.2. Argentina Solar Power Meters Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Type
9.3.2.2.2. By Measurement
9.3.2.2.3. By End-User
9.3.2.2.4. By Form Factor
9.3.3. Colombia Solar Power Meters Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Type
9.3.3.2.2. By Measurement
9.3.3.2.3. By End-User
9.3.3.2.4. By Form Factor

10. Middle East and Africa Solar Power Meters Market Outlook

10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Measurement
10.2.3. By End-User
10.2.4. By Form Factor
10.2.5. By Country
10.3. Middle East and Africa: Country Analysis
10.3.1. South Africa Solar Power Meters Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Type
10.3.1.2.2. By Measurement
10.3.1.2.3. By End-User
10.3.1.2.4. By Form Factor
10.3.2. Saudi Arabia Solar Power Meters Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Type
10.3.2.2.2. By Measurement
10.3.2.2.3. By End-User
10.3.2.2.4. By Form Factor
10.3.3. UAE Solar Power Meters Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Type
10.3.3.2.2. By Measurement
10.3.3.2.3. By End-User
10.3.3.2.4. By Form Factor
10.3.4. Kuwait Solar Power Meters Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Type
10.3.4.2.2. By Measurement
10.3.4.2.3. By End-User
10.3.4.2.4. By Form Factor
10.3.5. Turkey Solar Power Meters Market Outlook
10.3.5.1. Market Size & Forecast
10.3.5.1.1. By Value
10.3.5.2. Market Share & Forecast
10.3.5.2.1. By Type
10.3.5.2.2. By Measurement
10.3.5.2.3. By End-User
10.3.5.2.4. By Form Factor

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Company Profiles

13.1. Adani Electricity Mumbai Limited
13.1.1. Business Overview
13.1.2. Key Revenue and Financials
13.1.3. Recent Developments
13.1.4. Key Personnel/Key Contact Person
13.1.5. Key Product/Services Offered
13.2. Itron, Inc.
13.3. Sensus USA Inc.
13.4. Sagemcom SAS
13.5. Wasion Group Limited
13.6. Landis+gyr Group AG
13.7. Pacific Gas and Electric Company
13.8. Omega Engineering Inc.

14. Strategic Recommendations15. About the Publisher & Disclaimer

Companies Mentioned

Adani Electricity Mumbai Limited
Itron, Inc.
Sensus USA Inc.
Sagemcom SAS
Wasion Group Limited
Landis+gyr Group AG
Pacific Gas and Electric Company
Omega Engineering Inc.

Table Information

Report Attribute	Details
No. of Pages	180
Published	May 2025
Forecast Period	2024 - 2030
Estimated Market Value ( USD ) in 2024	$ 4.37 Billion
Forecasted Market Value ( USD ) by 2030	$ 9.18 Billion
Compound Annual Growth Rate	12.9%
Regions Covered	Global
No. of Companies Mentioned	8

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