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global solar power meters market is projected to reach $3,998,869.00 thousand by 2030

08-01-2023 11:30 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Solar energy is one of the most promising sources of renewable energy, and the world is gradually shifting towards a more sustainable future with the help of solar power. To make the most of solar energy, it is essential to have accurate information about the amount of sunlight available at a given location. This is where solar power meters come into play.

The global solar power meters market size was valued at $1,575,513.20 thousand in 2020, and is projected to reach $3,998,869.00 thousand by 2030, growing at a CAGR of 9.8% from 2021 to 2030.

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In simple terms, a solar power meter is a device that measures the intensity of sunlight and provides data about the amount of solar energy available. These devices are essential for evaluating the performance of solar panels, assessing the potential of a location for solar power generation, and ensuring that solar systems are operating efficiently.

In addition, installation of solar power grid in emerging nations is creating demand for solar power meters, which further fosters the market growth. For instance, in June 2021, the Indian Government has set ambitious target of installing solar systems, which include 40 GW of rooftop solar systems by the end of 2022. In addition, major key players in the market are introducing solar power meters for industrial and commercial applications. For instance, in October 2021, Fluke Corporation, manufacturer of industrial test, diagnostic, and measurement equipment, Launched Fluke 393 and Fluke 393 C solar clamp meters. The new meter is designed to measure solar installation voltages, and is capable of measuring up to 1,500 V DC while offering high safety specifications.

Types of Solar Power Meters

There are various types of solar power meters available in the market. Some of the most common ones include:

Pyranometer: A pyranometer is a type of solar power meter that measures the total amount of solar radiation that falls on a given surface over a specific period. It is typically used to measure the solar radiation received by solar panels.

Pyrheliometer: A pyrheliometer is a device that measures the direct solar radiation received at the Earth's surface. It is used to measure the intensity of direct sunlight and is often used in research applications.

Solarimeter: A solarimeter is a device that measures the solar radiation received by a surface. It is typically used to measure the amount of solar radiation received by plants, crops, and other vegetation.

Solar Power Analyzers: A solar power analyzer is a device that measures the performance of a solar panel. It provides information about the efficiency of the solar panel, the amount of power generated, and other critical parameters.

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Benefits of Solar Power Meters

The use of solar power meters has numerous benefits, including:

Improved Efficiency: By measuring the intensity of sunlight, solar power meters help in optimizing the performance of solar panels. This leads to increased efficiency and higher energy output.

Cost Savings: By ensuring that solar systems are operating at peak performance, solar power meters help in reducing energy costs. This is particularly beneficial for commercial and industrial applications.

Accurate Data: Solar power meters provide accurate and reliable data about the amount of sunlight available at a given location. This information is crucial for designing and installing solar systems and for assessing their performance.

Environmental Benefits: By promoting the use of solar energy, solar power meters help in reducing greenhouse gas emissions and promoting a more sustainable future.

How to Use a Solar Power Meter

Using a solar power meter is relatively straightforward. Here are the basic steps:

Choose the right solar power meter: There are various types of solar power meters available in the market, and it is essential to choose the one that is suitable for your needs.

Place the solar power meter in the right location: The solar power meter should be placed in an area that receives direct sunlight and is not shaded by trees, buildings, or other obstructions.

Take the measurements: The solar power meter should be pointed towards the sun, and the readings should be taken at regular intervals to get an accurate picture of the solar radiation available.

Analyze the data: The data collected by the solar power meter can be analyzed to assess the potential of a location for solar power generation, to optimize the performance of solar panels, and to evaluate the efficiency of solar systems.

๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐„๐ง๐ช๐ฎ๐ข๐ซ๐ฒ : https://www.globenewswire.com/en/news-release/2022/05/10/2439631/0/en/Global-Solar-Power-Meters-Market-to-Generate-3-99-billion-by-2030-Allied-Market-Research.html

Solar power meters are an essential tool for anyone interested in harnessing the power of the sun. They provide accurate data about the amount of sunlight available, help in optimizing the performance of solar panels, and promote a more sustainable future. With the increasing demand for renewable energy sources, the use of solar power meters is expected to become even more widespread in the coming years.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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