Market Overview:
The global solar radiation meter market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for solar radiation meters for various applications such as agriculture, solar cell, laboratory research, and others. In addition, the growing awareness about the benefits of using solar radiation meters is also contributing to the growth of this market.
Product Definition:
A solar radiation meter (SRM) is a scientific instrument used to measure solar irradiance or insolation. The importance of SRMs is that they provide an accurate measurement of the amount of sunlight hitting a particular location, allowing for more efficient use of solar energy.
0-1000W/m²:
0-1000W/m2 is a unit used to measure the amount of power that falls on any given area of surface during a solar radiation measurement. It's derived by measuring the total power falling on an area of one square meter, which is then divided by the area of one square meter in vacuum. The result is an accurate value for how much energy from solar radiation a particular location would receive if all barriers were removed that could potentially block it, i.e.
1000-1500W/m²:
1000-1500W/m2 is the range of solar radiation meters that are used to measure the amount of solar energy received at a given location. These types of meters can be used in both commercial and residential sectors for various applications such as monitoring energy savings, tracking efficiency, and measuring output from photovoltaic systems.
Application Insights:
The others segment includes weather monitoring, air pollution monitoring and water quality monitoring applications. The Others segment held the largest market share in 2017 and is projected to continue its dominance over the forecast period. This can be attributed to increasing government initiatives for improving environmental conditions across various regions globally.
Solar cell production is one of the highest-growing industries due to several advantages offered by this technology such as generating electricity without relying on fossil fuels, reducing greenhouse emissions significantly, etc. However, high installation costs are a major challenge facing this industry; thusSRM solutions are being used for lab research on solar cells application trends globally from 2018 to 2030 ¢â‚¬Å“ Report Covering Trends & Market Size (2017 - 2022) ¢â‚¬ by Solar Energy Industries Association (SEIA).
Regional Analysis:
Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of solar radiation meters manufacturers, which makes it a lucrative market for global players to invest in. China, Japan, South Korea and India are some of the countries with high demand for these devices owing to increasing investments in renewable energy sources such as solar panels and wind turbines.
The European regional market also held a significant share of global revenue due to an increase in installations of solar panels across countries such as Germany, Italy and Spain among others. Moreover, government initiatives encouraging investment through subsidies are anticipated to boost product demand over the next eight years. For instance; In 2016; UK Government offered financial incentives worth USD X to be installed on residential buildings using photovoltaic systems that will reduce carbon emissions by focusing on reducing greenhouse gas emissions associated with international climate change agreements signed by various governments around the world including U.K.
Growth Factors:
- Increasing demand for solar radiation meters from the construction and infrastructure sectors as they help in monitoring the progress of work and ensure safety
- Rising awareness about the benefits of using solar radiation meters for various industrial applications
- Growing demand for solar radiation meters from research institutes and universities for studying weather patterns and climate change
- Technological advancements that have led to the development of more accurate and efficient solar radiation meters
- Reduction in prices of solar radiation meters owing to advancements in manufacturing processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Radiation Meter Market Research Report
By Type
0-1000W/m², 1000-1500W/m², 1500-2000W/m²
By Application
Agriculture, Solar Cell, Laboratory Research, Others
By Companies
Fluke, Megger, PCE Instruments, Extech (FLIR Systems), TES Electrical Electronic, TPI, Seaward, HT Instruments, General Tools & Instruments, Solar Light, Di-Log Solar, EDTM, Sper Scientific, OAI, Meco Instruments, KUSAM-MECO, Shenzhen Sanpo Instument, Beijing Nbet Technology, TENMARS ELECTRONICS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Solar Radiation Meter Market Report Segments:
The global Solar Radiation Meter market is segmented on the basis of:
Types
0-1000W/m², 1000-1500W/m², 1500-2000W/m²
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agriculture, Solar Cell, Laboratory Research, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fluke
- Megger
- PCE Instruments
- Extech (FLIR Systems)
- TES Electrical Electronic
- TPI
- Seaward
- HT Instruments
- General Tools & Instruments
- Solar Light
- Di-Log Solar
- EDTM
- Sper Scientific
- OAI
- Meco Instruments
- KUSAM-MECO
- Shenzhen Sanpo Instument
- Beijing Nbet Technology
- TENMARS ELECTRONICS
Highlights of The Solar Radiation Meter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 0-1000W/m²
- 1000-1500W/m²
- 1500-2000W/m²
- By Application:
- Agriculture
- Solar Cell
- Laboratory Research
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solar Radiation Meter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A solar radiation meter is a device that measures the amount of solar radiation received by a surface.
Some of the key players operating in the solar radiation meter market are Fluke, Megger, PCE Instruments, Extech (FLIR Systems), TES Electrical Electronic, TPI, Seaward, HT Instruments, General Tools & Instruments, Solar Light, Di-Log Solar, EDTM, Sper Scientific, OAI, Meco Instruments, KUSAM-MECO, Shenzhen Sanpo Instument, Beijing Nbet Technology, TENMARS ELECTRONICS.
The solar radiation meter market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solar Radiation Meter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Solar Radiation Meter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solar Radiation Meter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Solar Radiation Meter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Solar Radiation Meter Market Size & Forecast, 2020-2028
4.5.1 Solar Radiation Meter Market Size and Y-o-Y Growth
4.5.2 Solar Radiation Meter Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 0-1000W/m²
5.2.2 1000-1500W/m²
5.2.3 1500-2000W/m²
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Agriculture
6.2.2 Solar Cell
6.2.3 Laboratory Research
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solar Radiation Meter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Solar Radiation Meter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 0-1000W/m²
9.6.2 1000-1500W/m²
9.6.3 1500-2000W/m²
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Agriculture
9.10.2 Solar Cell
9.10.3 Laboratory Research
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 0-1000W/m²
10.6.2 1000-1500W/m²
10.6.3 1500-2000W/m²
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Agriculture
10.10.2 Solar Cell
10.10.3 Laboratory Research
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 0-1000W/m²
11.6.2 1000-1500W/m²
11.6.3 1500-2000W/m²
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Agriculture
11.10.2 Solar Cell
11.10.3 Laboratory Research
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 0-1000W/m²
12.6.2 1000-1500W/m²
12.6.3 1500-2000W/m²
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Agriculture
12.10.2 Solar Cell
12.10.3 Laboratory Research
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 0-1000W/m²
13.6.2 1000-1500W/m²
13.6.3 1500-2000W/m²
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Agriculture
13.10.2 Solar Cell
13.10.3 Laboratory Research
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Solar Radiation Meter Market: Competitive Dashboard
14.2 Global Solar Radiation Meter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fluke
14.3.2 Megger
14.3.3 PCE Instruments
14.3.4 Extech (FLIR Systems)
14.3.5 TES Electrical Electronic
14.3.6 TPI
14.3.7 Seaward
14.3.8 HT Instruments
14.3.9 General Tools & Instruments
14.3.10 Solar Light
14.3.11 Di-Log Solar
14.3.12 EDTM
14.3.13 Sper Scientific
14.3.14 OAI
14.3.15 Meco Instruments
14.3.16 KUSAM-MECO
14.3.17 Shenzhen Sanpo Instument
14.3.18 Beijing Nbet Technology
14.3.19 TENMARS ELECTRONICS
