North America Solar Power Meters Market is Expected to grow at a robust CAGR of 9.84% through 2030F
The
North America Solar Power Meters Market is expected to be led by companies that
offer advanced, reliable, and efficient solar measurement solutions, during the
forecast period 2026-2030F.
According
to TechSci Research report, “North
America Solar Power Meters Market – By Country, Competition, Forecast &
Opportunities, 2020-2030F, The North America Solar Power Meters Market was
valued at USD 1.19 Billion in 2024 and is expected to reach USD 2.09 Billion by
2030 with a CAGR of 9.84% during the forecast period.
As
energy efficiency becomes a key priority for homeowners, businesses, and
industries across North America, the demand for solar power meters is
increasing rapidly. With rising concerns over energy consumption and
environmental sustainability, consumers and organizations are becoming more
conscious of their energy usage and are seeking tools that allow them to
measure and optimize their energy consumption. Solar power meters provide
real-time data on energy production and consumption, allowing users to track
their solar energy performance and identify areas where they can improve
efficiency. The integration of solar meters with energy management systems
enables end-users to make data-driven decisions about their energy usage,
contributing to reduced energy waste and cost savings.
In
commercial buildings, especially in sectors like manufacturing and retail,
where energy consumption is high, solar power meters play a critical role in
identifying energy inefficiencies and helping businesses comply with energy
regulations. Moreover, as corporate social responsibility initiatives and green
building certifications such as LEED become more prevalent, the demand for
solar power meters in commercial applications is expected to continue growing.
The increasing focus on sustainability and energy efficiency is thus a driving
force behind the market expansion of solar power meters in North America. In
2023, more than 25% of commercial solar installations in the United States were
part of energy efficiency initiatives aimed at reducing operating costs and
meeting sustainability goals.
The
increasing adoption of solar power systems in both residential and commercial
sectors is a prominent trend driving the growth of the solar power meters
market in North America. As electricity prices continue to rise and
environmental concerns grow, more homeowners and businesses are turning to
solar energy as a cost-effective and sustainable alternative. In the
residential sector, the trend towards rooftop solar installations has gained
momentum, with many homeowners seeking to reduce their electricity bills and
achieve energy independence.
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Based
on Form Factor, Portable Solar Power Meters segment is emerging as the fastest
growing segment in the North America Solar Power Meters Market. This growth is
largely driven by the increasing demand for flexible, easy-to-use, and
cost-effective solar measurement tools across residential, commercial, and
small-scale industrial applications. Portable solar power meters offer
significant advantages, including quick installation, easy transportation, and
the ability to conduct spot measurements without the need for complex setups.
These features make them highly attractive for solar technicians, maintenance
teams, and end users seeking efficient performance diagnostics and
troubleshooting of solar installations.
The
rise in residential solar panel adoption, along with the growing number of
off-grid and mobile solar energy systems, is fueling the demand for portable
solutions. As solar energy systems diversify and expand across North America,
users are increasingly prioritizing versatility and convenience in monitoring
tools, further accelerating the adoption of portable meters. Technological
advancements, such as the integration of wireless connectivity, real-time data
analytics, and smartphone compatibility, are also enhancing the appeal of
portable solar power meters. With the ongoing shift toward decentralized energy
production and the rising focus on energy efficiency, the portable solar power
meters segment is expected to maintain its rapid growth trajectory in the
coming years.
Based
on country, Mexico is
rapidly emerging as the fastest-growing country in the North America Solar
Power Meters Market, fueled by its vast solar energy potential and increasing
focus on renewable energy adoption. With over 70 percent of its territory
receiving high solar irradiance, Mexico has become a prime destination for
solar energy projects, both utility-scale and distributed. The government’s
strong push toward clean energy, including national targets for reducing carbon
emissions and expanding renewable energy capacity, is encouraging significant
solar infrastructure investments.
The
rise in residential and commercial solar panel installations has driven the
demand for efficient solar power metering solutions to monitor and optimize
energy performance. As more grid-connected and off-grid solar systems are
deployed across the country, the need for precise energy measurement and system
diagnostics is growing rapidly. These factors collectively position Mexico as a
vital growth engine in the regional market.
Key
market players in the North America Solar Power Meters market are: -
- Siemens
AG
- Schneider
Electric SE
- Fluke
Corporation
- Honeywell
International Inc.
- General
Electric Company
- Yokogawa
Electric Corporation
- Keysight
Technologies, Inc.
- Megger
Group Ltd.
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“The
North America Solar Power Meters Market is expected to grow steadily in the
coming years, driven by increasing investments in renewable energy and the
rising adoption of solar technologies across residential, commercial, and
industrial sectors. Growing environmental awareness and supportive government
initiatives aimed at reducing carbon emissions are further fueling the demand
for accurate solar energy measurement devices. Advancements in solar meter
technologies, including portable and wireless solutions, are making solar
monitoring more accessible and efficient for a wider range of users. As solar
panel installations continue to expand, the need for reliable and precise solar
power meters will become even more critical, ensuring sustained market growth.Top of Form” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based Global management
consulting firm.
“North America Solar Power Meters Market By Type
(On-grid Solar Power Meters, Off-grid Solar Power Meters, Handheld Solar Power
Meters), By Measurement (Current Measurement, Voltage Measurement, Power
Measurement, Energy Measurement), By End User (Residential, Commercial,
Industrial, Utilities), By Form Factor (Panel Mount Solar Power Meters, DIN
Rail Mount Solar Power Meters, Portable Solar Power Meters), By Country, Competition, Forecast and Opportunities, 2020-2030F,” has evaluated the future growth potential
of North America Solar Power Meters Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in North America Solar Power Meters Market.
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