Solar Power Meter Market Size Worth USD 10.08 Billion by 2034 | CAGR: 10.6%

The global solar power meter market is expected to reach USD 10.08 billion by 2034, according to a new study by Polaris Market Research. The report “Solar Power Meter Market Size, Share, Trends, & Industry Analysis Report By Integration Type (On-grid, Off-grid, and Handheld), By Product, By Measurement, By Technology, By End Use, By Region – Market Forecast, 2025–2034” provides a detailed insight into current market dynamics and analyzes future market growth.

The solar power meter market is experiencing substantial growth, fueled by the global push for renewable energy and the rising adoption of solar PV systems across various sectors. The rising awareness about energy efficiency and the economic advantages of solar power further boosts the demand for these metering solutions. Additionally, government initiatives worldwide, such as subsidies and tax credits for solar installations, play a key role in expanding the overall solar energy market, which directly translates into higher demand for the meters, which are essential for managing and optimizing these systems.

Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below: https://www.polarismarketresearch.com/industry-analysis/solar-power-meter-market/request-for-sample

A solar power meter is a specialized device used to measure the intensity of solar radiation, typically expressed in watts per square meter (W/m²). These meters are crucial for assessing the performance of solar energy systems, from initial site evaluations to ongoing operational monitoring. They help users, whether individuals or large-scale plant operators, understand how much sunlight is available and how efficiently their solar panels are converting that sunlight into electricity, ensuring optimal energy output and system health.

Report Highlights:

• By integration type, the on-grid segment held the largest market share of approximately 66% in 2024 due to the extensive global deployment of grid-connected solar PV systems, which are widely adopted in developed economies.
• By product, the net meters segment held the largest share of more than 28% in 2024. Their dominance is driven by the widespread implementation of net metering policies.
• The current measurement segment, by measurement, accounted for the largest revenue share in 2024, as it is a fundamental and direct way to assess the operational status and immediate output of solar panels.
• Based on technology, the digital technology segment dominated the market in 2024. This is due to its superior accuracy, ability to provide real-time data, and seamless integration with smart grid systems.
• In terms of end use, the residential segment held the largest share in 2024, due to the rapidly increasing adoption of rooftop solar PV systems by homeowners.
• By region, the Asia Pacific solar power meter market dominated in 2024, primarily due to significant investments in renewable energy infrastructure and the rapid expansion of solar capacity in countries such as China, which has the largest installed solar capacity globally.
• A few key players in the market include Fluke Corporation; Keysight Technologies; Hioki E.E. Corporation; Chauvin Arnoux; Testo SE & Co. KGaA; Kyoritsu Electrical Instruments Works, Ltd.; Extech Instruments (FLIR Systems); SONEL S.A., Benning GmbH; and Solmetric Corporation.

Polaris Market Research has segmented the solar power meter market report on the basis of integration type, product, measurement, technology, end use, and region:

By Integration Type Outlook (Revenue – USD Billion, 2020–2034)

• On-grid
• Off-grid
• Handheld

By Product Outlook (Revenue – USD Billion, 2020–2034)

• Net Meter
• Bi-Directional Meter
• Dual Meter
• Others

By Measurement Outlook (Revenue – USD Billion, 2020–2034)

• Current Measurement
• Voltage Measurement
• Power Measurement
• Energy Measurement

By Technology Outlook (Revenue – USD Billion, 2020–2034)

• Digital
• Analog

By End Use Outlook (Revenue – USD Billion, 2020–2034)

• Residential
• Commercial
• Industrial

By Regional Outlook (Revenue – USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America