Photovoltaic Pyranometer Market : Industry Size, Share Trends, Growth, Demand, Opportunities and Global Forecast to 2032
The global Photovoltaic Pyranometer Market size was valued at US$ 123.67 million in 2024 and is projected to reach US$ 198.45 million by 2032, at a CAGR of 7.12% during the forecast period 2025–2032. Photovoltaic pyranometers are specialized instruments designed to measure solar irradiance on a planar surface, particularly in photovoltaic systems. These devices play a critical role in assessing the performance of solar panels by measuring global horizontal irradiance (GHI), diffuse irradiance, and direct normal irradiance (DNI). The market primarily offers two types of pyranometers: direct shot type and oblique shot type, each serving distinct measurement requirements. The market growth is driven by accelerating global investments in renewable energy, particularly solar power installations. For instance, the EU’s Net-Zero Industry Act targets 600 GW of solar capacity by 2030, while Japan aims for photovoltaic power to constitute 14%-16% of its total generation. Addit...