Pyrheliometer Market size is estimated to be USD 20 Million in 2024 and is expected to reach USD 35 Million by 2033 at a CAGR of 6.5% from 2026 to 2033.
The global pyrheliometer market, essential for measuring direct solar radiation, has experienced significant growth due to the increasing adoption of solar energy and advancements in climate research. In 2022, the market was valued at approximately USD 97.20 million and is projected to reach USD 183.42 million by 2030, reflecting a compound annual growth rate (CAGR) of 8.3% from 2022 to 2030. This expansion is driven by the rising number of solar energy installations and the growing emphasis on accurate solar radiation measurement to optimize photovoltaic system efficiency. Regionally, the Asia Pacific pyranometer market was valued at USD 25.08 million in 2022 and is expected to reach USD 54.66 million by 2030, registering a CAGR of 10.2% during the forecast period. In Europe, the pyrheliometer market was valued at USD 12.8 million in 2024 and is projected to reach USD 17.6 million by 2030, growing at a CAGR of 5.4% from 2024 to 2030. These figures underscore the increasing demand for pyrheliometers across different regions, driven by factors such as technological advancements, supportive government policies, and the global shift towards renewable energy sources.
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Hukseflux
OTT Hydromet
EKO Instruments
Eppley Laboratory
Middleton Solar
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Pyrheliometer Market
Standard Pyrheliometers
Directional Pyrheliometers
Automatic Pyrheliometers
Portable Pyrheliometers
Thermopile Technology
Photovoltaic Technology
Silicon Cell Technology
Solar Energy Measurement
Meteorological Research
Agricultural Studies
Building and Environmental Monitoring
Renewable Energy Companies
Research Institutions
Agriculture and Crop Science
Weather Monitoring Services
Online Retail
Direct Sales
Distributors and Resellers
Wholesale Suppliers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Pyrheliometer Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Pyrheliometer Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Pyrheliometer Market, By Type
6. Global Pyrheliometer Market, By Application
7. Global Pyrheliometer Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Pyrheliometer Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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