Solar Nowcasting Market Set for Steady Growth with Expanding Applications & Strategic Forecast Insights to 2031

QY Research has recently published a research report titled, "Global Solar Nowcasting Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031", assessing various factors impacting its trajectory. The research study offers deep evaluation of the global Solar Nowcasting market and helps market participants to gain a strong foothold in the industry. It sheds light on critical market dynamics such as drivers, restraints, trends, and opportunities to help businesses prepare for any challenges ahead in time. It provides regional analysis of the global Solar Nowcasting market to unveil key opportunities available in different parts of the world. The competitive landscape is broadly assessed along with company profiling of leading players operating in the global Solar Nowcasting market. The report provides detailed statistics and accurate market figures, viz. market share, CAGR, gross margin, and those related to revenue, production, consumption, and sales.

The global market for Solar Nowcasting was estimated to be worth US$ 2271 million in 2024 and is forecast to a readjusted size of US$ 3437 million by 2031 with a CAGR of 6.1% during the forecast period 2025-2031.

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The global market for solar radiation nowcasting is experiencing robust growth, characterized by a competitive landscape populated by numerous players, diverse product types, and widespread applications. Based on satellite nowcasting utilizes satellite data to monitor and predict solar radiation; based on sky imager nowcasting relies on sky imagers to capture sky conditions for radiation prediction; based on machine learning nowcasting employs machine learning algorithms to analyze relevant data for more accurate forecasts. In addition, there are other product types such as those based on numerical weather prediction models.

Solar radiation nowcasting is mainly applied in photovoltaic power stations, which helps optimize the operation and management of power stations, improve power generation efficiency, and reduce costs. In addition, it is also used in commercial and residential sectors, such as helping commercial buildings and residential households reasonably arrange the use of solar energy.

Europe, especially countries like Germany, Italy, and Spain, was the main concentration of the global solar radiation nowcasting market. The US market is also growing strongly, with a relatively fragmented competitive landscape. As the largest economy in the world, the US has a strong demand for energy, and with the continuous improvement of the proportion of solar energy in the energy structure, the market demand for solar radiation nowcasting is also increasing.

The Asia-Pacific region is showing great potential. Countries such as China and Japan have seen a continuous increase in the demand for solar radiation nowcasting with the rapid development of the solar photovoltaic and solar thermal utilization sectors. In particular, China has the world's largest solar photovoltaic installed capacity, and the demand for solar radiation nowcasting is huge. The market scale is expected to grow rapidly in the future, and the important position of the Asia-Pacific region in the global market will become more prominent.

Leading players of the global Solar Nowcasting market are analyzed taking into account their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. We also provide an exhaustive analysis of their product portfolios to explore the products and applications they concentrate on when operating in the global Solar Nowcasting market. Furthermore, the report offers two separate market forecasts - one for the production side and another for the consumption side of the global Solar Nowcasting market. It also provides useful recommendations for new as well as established players of the global Solar Nowcasting market.

Key Players Mentioned in the Global Solar Nowcasting Market Research Report:

Solargis
IBM Research
Reuniwatt
DNV(Solcast)
Open Climate Fix
NIWA
CSP Services
Vaisala Xweather
CalibSun
Fraunhofer ISE
Vaisala

Market Segments

Our market analysts are experts in deeply segmenting the global Solar Nowcasting market and thoroughly evaluating the growth potential of each and every segment studied in the report. Right at the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global Solar Nowcasting market, taking into consideration the market potential of different segments studied. It assists market participants to focus on high-growth areas of the global Solar Nowcasting market and plan powerful business tactics to secure a position of strength in the industry.

Details of Solar Nowcasting Market Segmentation: -

Segment by Type:

Satellite-Based Nowcasting
Sky Imager-Based Nowcasting
Machine Learning-Based Nowcasting
Others

Segment by Application:

PV Power Station
Commercial
Residential
Others

All of the segments studied in the research study are analyzed on the basis of BPS, market share, revenue, and other important factors. Our research study shows how different segments are contributing to the growth of the global Solar Nowcasting market. It also provides information on key trends related to the segments included in the report. This helps market players to concentrate on high-growth areas of the global Solar Nowcasting market. The research study also offers separate analysis on the segments on the basis of absolute dollar opportunity.

Segment by Region

North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

How can the research study help your business?

(1) The information presented in the Solar Nowcasting report helps your decision makers to become prudent and make the best business choices.

(2) The report enables you to see the future of the global Solar Nowcasting market and accordingly take decisions that will be in the best interest of your business.

(3) It offers you a forward-looking perspective of the global Solar Nowcasting market drivers and how you can secure significant market gains in the near future.

(4) It provides SWOT analysis of the global Solar Nowcasting market along with useful graphics and detailed statistics providing quick information about the market's overall progress throughout the forecast period.

(5) It also assesses the changing competitive dynamics of the global Solar Nowcasting market using pin-point evaluation.

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Table of Contents

"1 Market Overview
1.1 Solar Nowcasting Product Introduction
1.2 Global Solar Nowcasting Market Size Forecast (2020-2031)
1.3 Solar Nowcasting Market Trends & Drivers
1.3.1 Solar Nowcasting Industry Trends
1.3.2 Solar Nowcasting Market Drivers & Opportunity
1.3.3 Solar Nowcasting Market Challenges
1.3.4 Solar Nowcasting Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Solar Nowcasting Players Revenue Ranking (2024)
2.2 Global Solar Nowcasting Revenue by Company (2020-2025)
2.3 Key Companies Solar Nowcasting Manufacturing Base Distribution and Headquarters
2.4 Key Companies Solar Nowcasting Product Offered
2.5 Key Companies Time to Begin Mass Production of Solar Nowcasting
2.6 Solar Nowcasting Market Competitive Analysis
2.6.1 Solar Nowcasting Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Solar Nowcasting Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Solar Nowcasting as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Satellite-Based Nowcasting
3.1.2 Sky Imager-Based Nowcasting
3.1.3 Machine Learning-Based Nowcasting
3.1.4 Others
3.2 Global Solar Nowcasting Sales Value by Type
3.2.1 Global Solar Nowcasting Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Solar Nowcasting Sales Value, by Type (2020-2031)
3.2.3 Global Solar Nowcasting Sales Value, by Type (%) (2020-2031)
4 Segmentation by Core Technical Principle
4.1 Introduction by Core Technical Principle
4.1.1 Physical Model-based Nowcasting
4.1.2 Data-driven Nowcasting
4.1.3 Hybrid Model-based Nowcasting
4.2 Global Solar Nowcasting Sales Value by Core Technical Principle
4.2.1 Global Solar Nowcasting Sales Value by Core Technical Principle (2020 VS 2024 VS 2031)
4.2.2 Global Solar Nowcasting Sales Value, by Core Technical Principle (2020-2031)
4.2.3 Global Solar Nowcasting Sales Value, by Core Technical Principle (%) (2020-2031)
5 Segmentation by Prediction Time Scale
5.1 Introduction by Prediction Time Scale
5.1.1 Ultra-short-term Nowcasting
5.1.2 Short-term Nowcasting
5.1.3 Medium-short-term Nowcasting
5.2 Global Solar Nowcasting Sales Value by Prediction Time Scale
5.2.1 Global Solar Nowcasting Sales Value by Prediction Time Scale (2020 VS 2024 VS 2031)
5.2.2 Global Solar Nowcasting Sales Value, by Prediction Time Scale (2020-2031)
5.2.3 Global Solar Nowcasting Sales Value, by Prediction Time Scale (%) (2020-2031)
6 Segmentation by Application
6.1 Introduction by Application
6.1.1 PV Power Station
6.1.2 Commercial
6.1.3 Residential
6.1.4 Others
6.2 Global Solar Nowcasting Sales Value by Application
6.2.1 Global Solar Nowcasting Sales Value by Application (2020 VS 2024 VS 2031)
6.2.2 Global Solar Nowcasting Sales Value, by Application (2020-2031)
6.2.3 Global Solar Nowcasting Sales Value, by Application (%) (2020-2031)
7 Segmentation by Region
7.1 Global Solar Nowcasting Sales Value by Region
7.1.1 Global Solar Nowcasting Sales Value by Region: 2020 VS 2024 VS 2031
7.1.2 Global Solar Nowcasting Sales Value by Region (2020-2025)
7.1.3 Global Solar Nowcasting Sales Value by Region (2026-2031)
7.1.4 Global Solar Nowcasting Sales Value by Region (%), (2020-2031)
7.2 North America
7.2.1 North America Solar Nowcasting Sales Value, 2020-2031
7.2.2 North America Solar Nowcasting Sales Value by Country (%), 2024 VS 2031
7.3 Europe
7.3.1 Europe Solar Nowcasting Sales Value, 2020-2031
7.3.2 Europe Solar Nowcasting Sales Value by Country (%), 2024 VS 2031
7.4 Asia Pacific
7.4.1 Asia Pacific Solar Nowcasting Sales Value, 2020-2031
7.4.2 Asia Pacific Solar Nowcasting Sales Value by Region (%), 2024 VS 2031
7.5 South America
7.5.1 South America Solar Nowcasting Sales Value, 2020-2031
7.5.2 South America Solar Nowcasting Sales Value by Country (%), 2024 VS 2031
7.6 Middle East & Africa
7.6.1 Middle East & Africa Solar Nowcasting Sales Value, 2020-2031
7.6.2 Middle East & Africa Solar Nowcasting Sales Value by Country (%), 2024 VS 2031
8 Segmentation by Key Countries/Regions
8.1 Key Countries/Regions Solar Nowcasting Sales Value Growth Trends, 2020 VS 2024 VS 2031
8.2 Key Countries/Regions Solar Nowcasting Sales Value, 2020-2031
8.3 United States
8.3.1 United States Solar Nowcasting Sales Value, 2020-2031
8.3.2 United States Solar Nowcasting Sales Value by Type (%), 2024 VS 2031
8.3.3 United States Solar Nowcasting Sales Value by Application, 2024 VS 2031
8.4 Europe
8.4.1 Europe Solar Nowcasting Sales Value, 2020-2031
8.4.2 Europe Solar Nowcasting Sales Value by Type (%), 2024 VS 2031
8.4.3 Europe Solar Nowcasting Sales Value by Application, 2024 VS 2031
8.5 China
8.5.1 China Solar Nowcasting Sales Value, 2020-2031
8.5.2 China Solar Nowcasting Sales Value by Type (%), 2024 VS 2031
8.5.3 China Solar Nowcasting Sales Value by Application, 2024 VS 2031
8.6 Japan
8.6.1 Japan Solar Nowcasting Sales Value, 2020-2031
8.6.2 Japan Solar Nowcasting Sales Value by Type (%), 2024 VS 2031
8.6.3 Japan Solar Nowcasting Sales Value by Application, 2024 VS 2031
8.7 South Korea
8.7.1 South Korea Solar Nowcasting Sales Value, 2020-2031
8.7.2 South Korea Solar Nowcasting Sales Value by Type (%), 2024 VS 2031
8.7.3 South Korea Solar Nowcasting Sales Value by Application, 2024 VS 2031
8.8 Southeast Asia
8.8.1 Southeast Asia Solar Nowcasting Sales Value, 2020-2031
8.8.2 Southeast Asia Solar Nowcasting Sales Value by Type (%), 2024 VS 2031
8.8.3 Southeast Asia Solar Nowcasting Sales Value by Application, 2024 VS 2031
8.9 India
8.9.1 India Solar Nowcasting Sales Value, 2020-2031
8.9.2 India Solar Nowcasting Sales Value by Type (%), 2024 VS 2031
8.9.3 India Solar Nowcasting Sales Value by Application, 2024 VS 2031
9 Company Profiles
9.1 Solargis
9.1.1 Solargis Profile
9.1.2 Solargis Main Business
9.1.3 Solargis Solar Nowcasting Products, Services and Solutions
9.1.4 Solargis Solar Nowcasting Revenue (US$ Million) & (2020-2025)
9.1.5 Solargis Recent Developments
9.2 IBM Research
9.2.1 IBM Research Profile
9.2.2 IBM Research Main Business
9.2.3 IBM Research Solar Nowcasting Products, Services and Solutions
9.2.4 IBM Research Solar Nowcasting Revenue (US$ Million) & (2020-2025)
9.2.5 IBM Research Recent Developments
9.3 Reuniwatt
9.3.1 Reuniwatt Profile
9.3.2 Reuniwatt Main Business
9.3.3 Reuniwatt Solar Nowcasting Products, Services and Solutions
9.3.4 Reuniwatt Solar Nowcasting Revenue (US$ Million) & (2020-2025)
9.3.5 Reuniwatt Recent Developments
9.4 DNV(Solcast)
9.4.1 DNV(Solcast) Profile
9.4.2 DNV(Solcast) Main Business
9.4.3 DNV(Solcast) Solar Nowcasting Products, Services and Solutions
9.4.4 DNV(Solcast) Solar Nowcasting Revenue (US$ Million) & (2020-2025)
9.4.5 DNV(Solcast) Recent Developments
9.5 Open Climate Fix
9.5.1 Open Climate Fix Profile
9.5.2 Open Climate Fix Main Business
9.5.3 Open Climate Fix Solar Nowcasting Products, Services and Solutions
9.5.4 Open Climate Fix Solar Nowcasting Revenue (US$ Million) & (2020-2025)
9.5.5 Open Climate Fix Recent Developments
9.6 NIWA
9.6.1 NIWA Profile
9.6.2 NIWA Main Business
9.6.3 NIWA Solar Nowcasting Products, Services and Solutions
9.6.4 NIWA Solar Nowcasting Revenue (US$ Million) & (2020-2025)
9.6.5 NIWA Recent Developments
9.7 CSP Services
9.7.1 CSP Services Profile
9.7.2 CSP Services Main Business
9.7.3 CSP Services Solar Nowcasting Products, Services and Solutions
9.7.4 CSP Services Solar Nowcasting Revenue (US$ Million) & (2020-2025)
9.7.5 CSP Services Recent Developments
9.8 Vaisala Xweather
9.8.1 Vaisala Xweather Profile
9.8.2 Vaisala Xweather Main Business
9.8.3 Vaisala Xweather Solar Nowcasting Products, Services and Solutions
9.8.4 Vaisala Xweather Solar Nowcasting Revenue (US$ Million) & (2020-2025)
9.8.5 Vaisala Xweather Recent Developments
9.9 CalibSun
9.9.1 CalibSun Profile
9.9.2 CalibSun Main Business
9.9.3 CalibSun Solar Nowcasting Products, Services and Solutions
9.9.4 CalibSun Solar Nowcasting Revenue (US$ Million) & (2020-2025)
9.9.5 CalibSun Recent Developments
9.10 Fraunhofer ISE
9.10.1 Fraunhofer ISE Profile
9.10.2 Fraunhofer ISE Main Business
9.10.3 Fraunhofer ISE Solar Nowcasting Products, Services and Solutions
9.10.4 Fraunhofer ISE Solar Nowcasting Revenue (US$ Million) & (2020-2025)
9.10.5 Fraunhofer ISE Recent Developments
9.11 Vaisala
9.11.1 Vaisala Profile
9.11.2 Vaisala Main Business
9.11.3 Vaisala Solar Nowcasting Products, Services and Solutions
9.11.4 Vaisala Solar Nowcasting Revenue (US$ Million) & (2020-2025)
9.11.5 Vaisala Recent Developments
10 Industry Chain Analysis
10.1 Solar Nowcasting Industrial Chain
10.2 Solar Nowcasting Upstream Analysis
10.2.1 Key Raw Materials
10.2.2 Raw Materials Key Suppliers
10.2.3 Manufacturing Cost Structure
10.3 Midstream Analysis
10.4 Downstream Analysis (Customers Analysis)
10.5 Sales Model and Sales Channels
10.5.1 Solar Nowcasting Sales Model
10.5.2 Sales Channel
10.5.3 Solar Nowcasting Distributors
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer

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