Solar Power Meters Market Report 2026

The solar power meters market size has grown rapidly in recent years. It will grow from $2.56 billion in 2025 to $2.83 billion in 2026 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to expansion of solar energy installations, increased focus on solar resource assessment, growth in rooftop solar adoption, rising demand for performance monitoring tools, availability of digital measurement technologies.

The solar power meters market size is expected to see rapid growth in the next few years. It will grow to $4.21 billion in 2030 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to increasing investments in large-scale solar projects, rising adoption of smart grid infrastructure, growing need for accurate site feasibility analysis, expansion of distributed energy systems, increasing integration of digital monitoring platforms. Major trends in the forecast period include increasing adoption of smart digital solar meters, rising demand for high-accuracy irradiance measurement, growing use of portable solar assessment devices, expansion of net and bi-directional metering solutions, enhanced focus on real-time performance monitoring.

The increasing demand for solar energy is projected to drive the growth of the solar power meters market in the coming years. Solar energy, harnessed from sunlight, can be converted into electricity or heat through various technologies. The rising demand for solar energy is attributed to the need for sustainable energy solutions, decreasing costs of solar technology, government incentives, and growing awareness of climate change effects. As solar energy demand escalates, solar power meters play a critical role in ensuring accurate solar irradiance measurement, optimizing system efficiency, and maximizing energy generation from solar installations. For example, the Energy Information Administration (EIA), a U.S. Department of Energy agency, reported in January 2024 that U.S. solar power generation is projected to increase by 75%, rising from 163 billion kilowatt-hours (kWh) in 2023 to 286 billion kWh by 2025. Additionally, a report published by the International Energy Agency in July 2023 indicated a significant increase in solar photovoltaic (PV) generation, which grew by 270 terawatt-hours - a 26% rise - reaching nearly 1,300 terawatt-hours in 2022. Thus, the growing demand for solar energy is fueling the expansion of the solar power meters market.

Leading companies in the solar power meter sector are focused on creating advanced digital platforms to enhance monitoring capabilities, improve data analytics, and optimize energy management. Digital platforms are online systems or software solutions that facilitate the exchange of information, goods, or services among users. For instance, in June 2024, Orange Energies, a Germany-based company, launched the Orange Smart Energies Platform, designed to protect revenue and promote energy equality. This platform is notable for its commitment to energy inclusion through a unique combination of prepaid solar kits and smart meters. The innovative IoT platform addresses profitability challenges for energy producers in Africa by minimizing non-payment risks. In collaboration with energy producers, Orange Energies provides a digital service and a robust distribution network that ensures energy access in rural regions, even reaching the most remote areas. It is the only platform available that supports pay-as-you-go solar equipment and prepaid smart meters.

In February 2024, EDF Energy, a UK-based electricity and energy services company, acquired Contact Solar for an undisclosed amount. This acquisition allows EDF to leverage the expected increase in solar panel demand, projected to rise by up to 75% by 2030. This strategic move aligns with the company’s goal to offer a comprehensive net-zero home solution, integrating solar power, battery storage, EV charging points, and heat pumps. Contact Solar is a UK-based renewable energy company specializing in the installation of solar power meters.

Major companies operating in the solar power meters market are Ato S.p.A., MRC Technology, OMEGA Engineering Inc., TES Electrical Electronic Corp., CEM Instruments Co. Ltd., Meco Instruments, SGM Lab Solution, Tamilnadu Engineering Instruments, Reed Instruments, Nunes Instruments, Kimo Instruments, TENMARS Electronics, Dr. Meter Instruments, Solmetric Corporation, Hukseflux Thermal Sensors, Apogee Instruments Inc., Delta Ohm S.r.l., Testo SE & Co. KGaA, EKO Instruments Co. Ltd., LI-COR Biosciences, Kipp & Zonen B.V., E+E Elektronik GmbH.

North America was the largest region in the solar power meters market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solar power meters market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the solar power meters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The solar power meter market consists of sales of pyranometers, data loggers, solar monitoring systems, photovoltaic (PV) testers and insolation meters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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