Product Code: 28679
The Global Solar Power Meters Market was valued at USD 4.37 Billion in 2024 and is projected to reach USD 9.18 Billion by 2030, growing 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.
Market Overview |
Forecast Period | 2026-2030 |
Market Size 2024 | USD 4.37 Billion |
Market Size 2030 | USD 9.18 Billion |
CAGR 2025-2030 | 12.99% |
Fastest Growing Segment | Off-Grid Solar Power Meters |
Largest Market | North America |
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:
Global Solar Power Meters Market report with the given Market data, TechSci Research 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).
Table of Contents
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
- 5.2. 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
- 6.2. 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
- 6.3.1.2. 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
- 6.3.2.2. 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
- 6.3.3.2. 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
- 7.2. 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
- 7.3.1.2. 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
- 7.3.2.2. 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
- 7.3.3.2. 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
- 7.3.4.2. 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
- 7.3.5.2. 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
- 8.2. 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
- 8.3.1.2. 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
- 8.3.2.2. 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
- 8.3.3.2. 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
- 8.3.4.2. 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
- 8.3.5.2. 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
- 9.2. 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
- 9.3.1.2. 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
- 9.3.2.2. 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
- 9.3.3.2. 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
- 10.2. 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
- 10.3.1.2. 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
- 10.3.2.2. 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
- 10.3.3.2. 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
- 10.3.4.2. 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
- 10.3.5.2. 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 Recommendations
15. About Us & Disclaimer