Asia Pacific Pyranometer Market Forecast to 2030 - Regional Analysis - by Type (Photovoltaic Pyranometers and Thermopile Pyranometers) and Application (Photovoltaic Systems, Meteorology, and Climate Stations)

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The Asia Pacific pyranometer market was valued at US$ 25.08 million in 2022 and is expected to reach US$ 54.66 million by 2030; it is estimated to grow at a CAGR of 10.2% from 2022 to 2030.

Growing Application of Pyranometers in Agriculture Industry Fuels the Asia Pacific Pyranometer Market

Pyranometers are being used in a wide range of applications in the agriculture industry. Pyranometers are used in agriculture to measure solar radiation levels for crop growth and yield prediction. Pyranometers are often used in agriculture to determine the amount of solar radiation absorbed by crops and soil. The information is critical because it allows farmers to calculate the energy available for photosynthesis (it is the process through which plants turn sunlight into energy, allowing them to grow and thrive). Pyranometers can assist farmers in identifying agricultural problems before they become severe. For example, a pyranometer reading can determine if a crop is not receiving appropriate solar radiation, encouraging the farmer to take action to improve the situation.

Similarly, if a crop receives excessive solar radiation, the farmer can take action to minimize the amount of radiation received. Such features of the pyranometer assist farmers in optimizing crop growth and increasing crop output and quality. Pyranometers are great tools for increasing crop yield and quality. They also assist farmers in optimizing fertilizer use and water use, which helps to reduce harmful environmental effects. Thus, the rising application of pyranometers in agriculture is driving the growth of the pyranometer market.

Asia Pacific Pyranometer Market Overview

Asia Pacific (APAC) is experiencing a remarkable surge in the solar energy sector owing to the establishment of new photovoltaic power plants in Mongolia, China, India, and other countries. Increasing awareness regarding the importance of clean energy in developing nations has fueled the development of solar panels, thereby boosting the adoption of pyranometers as they are crucial for accurately measuring solar radiation and optimizing solar energy generation.

For instance, in September 2023, the Mongolian government, in collaboration with the Asian Development Bank, inaugurated a 10 MW photovoltaic power plant in Mongolia. This plant is expected to produce 20 million kW-hours of energy annually. To achieve this goal, pyranometers are likely to be employed to provide precise readings of solar radiation, ensuring maximum energy output from the solar panels. In June 2023, China's Kela photovoltaic (PV) power station stood as a testament to the region's commitment to clean energy. This high-altitude facility, combining solar and hydropower, highlights the growing importance of reliable solar energy production. Pyranometers play a pivotal role in aiding in the efficient generation of clean energy as they help measure solar irradiance.

In addition, advancements in pyranometer technology have bolstered the solar energy industry in APAC. In August 2022, EKO Instruments introduced the MS-80SH, an innovative addition to its MS-80 series of Class A pyranometers. This device incorporates an integrated dome heating system to resist dew and frost, ensuring consistent performance in photovoltaic system monitoring and scientific research. Its low power consumption of under 1.4W is an industry-leading efficiency feature. APAC is witnessing a surge in the solar energy sector, driven by the establishment of photovoltaic power plants and the increasing awareness of clean energy. Pyranometers are a major growth factor, facilitating accurate solar radiation measurements and contributing to the region's transition towards sustainable energy sources. Additionally, advancements in pyranometer technology are further enhancing the overall efficiency and performance of solar energy systems in the region.

Asia Pacific Pyranometer Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Pyranometer Market Segmentation

The Asia Pacific pyranometer market is segmented into type, application, and country.

Based on type, the Asia Pacific pyranometer market is bifurcated into photovoltaic pyranometers and thermopile pyranometers. The thermopile pyranometers segment held a larger share in 2022.

In terms of application, the Asia Pacific pyranometer market is categorized into photovoltaic systems, meteorology, and climate stations. The photovoltaic systems segment held the largest share in 2022.

Based on country, the Asia Pacific pyranometer market is China, South Korea, Japan, Australia, India, and the Rest of Asia Pacific. China dominated the Asia Pacific pyranometer market in 2022.

Apogee Instruments Inc, Campbell Scientific Inc, Delta OHM SRL, Delta-T Devices Ltd, EKO Instruments Co Ltd, Hukseflux Thermal Sensors BV, LI-COR Inc, and OTT HydroMet Corp are some of the leading companies operating in the Asia Pacific pyranometer market.

Product Code: BMIRE00029629

Table of Content

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Asia Pacific Pyranometer Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Vendors
4.3 Trends in Solar Energy
- 4.3.1 Asia Pacific Solar Market by Region, 2020-2030

5. Asia Pacific Pyranometer Market - Key Industry Dynamics

5.1 Drivers
- 5.1.1 Rising Awareness About Benefits of Using Pyranometer
- 5.1.2 Increasing Application of Pyranometers in Photovoltaic Systems, Climatology, and Meteorology
- 5.1.3 Growing Application of Pyranometers in Agriculture Industry
5.2 Restraints
- 5.2.1 Lack of Knowledge Regarding Pyranometers
- 5.2.2 Relatively High Cost of Thermopile Pyranometers
5.3 Opportunity
- 5.3.1 Government Initiatives to Build New Solar Energy Plant
5.4 Future Trends
- 5.4.1 Growing Focus on Technological Advancement

6. Pyranometer Market - Asia Pacific Market Analysis

6.1 Asia Pacific Pyranometer Market Revenue (US$ Million), 2022 - 2030
- 6.1.1 Asia Pacific Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)

7. Asia Pacific Pyranometer Market Analysis - Type

7.1 Silicon Pyranometers
- 7.1.1 Overview
- 7.1.2 Silicon Pyranometers Market Revenue and Forecasts To 2030 (US$ Million)
7.2 Thermopile Pyranometers
- 7.2.1 Overview
- 7.2.2 Thermopile Pyranometers Market Revenue and Forecasts To 2030 (US$ Million)

8. Asia Pacific Pyranometer Market Analysis - Application

8.1 Photovoltaic Systems
- 8.1.1 Overview
- 8.1.2 Photovoltaic Systems Market Revenue and Forecasts To 2030 (US$ Million)
8.2 Meteorology
- 8.2.1 Overview
- 8.2.2 Meteorology Market Revenue and Forecasts To 2030 (US$ Million)
8.3 Climate Station
- 8.3.1 Overview
- 8.3.2 Climate Station Market Revenue and Forecasts To 2030 (US$ Million)

9. Asia Pacific Pyranometer Market - Country Analysis

9.1 Overview
- 9.1.1 Asia Pacific Pyranometer market, by Key Countries- Revenue (2022) (US$ Million)
- 9.1.2 Asia Pacific Pyranometer market Breakdown by Countries
  - 9.1.2.1 Australia: Asia Pacific Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
    - 9.1.2.1.1 Australia: Asia Pacific Pyranometer Market Breakdown by Type
    - 9.1.2.1.2 Australia: Asia Pacific Pyranometer Market Breakdown by Application
  - 9.1.2.2 China: Asia Pacific Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
    - 9.1.2.2.1 China: Asia Pacific Pyranometer Market Breakdown by Type
    - 9.1.2.2.2 China: Asia Pacific Pyranometer Market Breakdown by Application
  - 9.1.2.3 India: Asia Pacific Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
    - 9.1.2.3.1 India: Asia Pacific Pyranometer Market Breakdown by Type
    - 9.1.2.3.2 India: Asia Pacific Pyranometer Market Breakdown by Application
  - 9.1.2.4 Japan: Asia Pacific Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
    - 9.1.2.4.1 Japan: Asia Pacific Pyranometer Market Breakdown by Type
    - 9.1.2.4.2 Japan: Asia Pacific Pyranometer Market Breakdown by Application
  - 9.1.2.5 South Korea: Asia Pacific Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
    - 9.1.2.5.1 South Korea: Asia Pacific Pyranometer Market Breakdown by Type
    - 9.1.2.5.2 South Korea: Asia Pacific Pyranometer Market Breakdown by Application
  - 9.1.2.6 Rest of Asia Pacific Pyranometer Market Revenue and Forecasts To 2030 (US$ Million)
    - 9.1.2.6.1 Rest of Asia Pacific Pyranometer Market Breakdown by Type
    - 9.1.2.6.2 Rest of Asia Pacific Pyranometer Market Breakdown by Application

10. Competitive Landscape

10.1 Heat Map Analysis by Key Players

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions

12. Company Profiles

12.1 Hukseflux Thermal Sensors BV
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Delta OHM SRL
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 LI-COR Inc
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 OTT HydroMet Corp
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Apogee Instruments Inc
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Campbell Scientific Inc
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Delta-T Devices Ltd
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 EKO Instruments Co Ltd
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments

13. Appendix

13.1 Word Index