Middle East & Africa Pyranometer Market

The Middle East & Africa pyranometer market was valued at US$ 5.02 million in 2022 and is expected to reach US$ 7.70 million by 2030; it is estimated to grow at a CAGR of 5.5% from 2022 to 2030.

Growing Focus on Technological Advancement Fuels the Middle East & Africa Pyranometer Market

The development of new materials and technologies can improve the performance of pyranometers. New types of sensors such as Silicon-cell solar radiation sensor can be used to measure solar radiation more accurately, and new materials can make pyranometers more durable and resistant to harsh weather conditions. The use of silicon solar cells can provide a more accurate and consistent measurement of solar radiation. Many companies such as Apogee provide a silicon cell pyranometer. Apogee series pyranometers are silicon-cell pyranometers that are only sensitive to a portion of the solar spectrum, between 350 and 1,100 nm (~80% of total shortwave energy falls within this range). Also, the LightScout Silicon Pyranometer from Spectrum Technologies uses a silicon solar cell as the sensor. This provides a more accurate and consistent solar radiation measurement than traditional thermopile pyranometers. The standards for developing silicon-cell pyranometers must meet the International Organisation of Standardization (ISO) 9060:2018 Class C requirements.

Further, new technologies to improve the overall performance and maintenance of pyranometers are being developed by various organizations across the globe. For instance, the SMP12 pyranometer from Kipp & Zonen uses solid-state dome heating, no moving systems, and best-in-class surge protection to maximize accuracy and minimize maintenance requirements. Such technological advancement in pyranometers will lead to more accurate, reliable, and affordable pyranometers for a wider range of applications. Thus, the growing focus on technological advancement related to pyranometers is expected to fuel the market growth during the forecast period.

Middle East & Africa Pyranometer Market Overview

In South Africa, initiatives to secure a deal with China for a stable supply of solar panels show the region's focus on addressing the energy crisis through the usage of renewable energy sources. South Africa's power shortages and blackouts challenges indicate a growing need for solar power installations. In addition to the above deal, in February 2023, Mobarakeh Steel Company was expected to invest US$ 500 million in a solar photovoltaic power plant in Iran. This plant is expected to be fully operational in three years. Kouhpayeh PV power station is the largest station in South Africa, and its investment represents the active interest of major players in the Middle East in adopting solar power plants. Such deals and continuous investments highlight the importance of precise solar radiation measurements, which pyranometers provide, to optimize the efficiency and output of solar projects. The increase in solar investments resulting from this deal will likely boost the pyranometer market in the Middle East, as accurate solar data is a crucial part of reliable energy generation.

Middle East & Africa Pyranometer Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Pyranometer Market Segmentation

The Middle East & Africa pyranometer market is segmented into type, application, and country.

Based on type, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa pyranometer market is South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. South Africa dominated the Middle East & Africa pyranometer market in 2022.

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

Middle East & Africa Pyranometer Strategic Insights

Strategic insights for the Middle East & Africa Pyranometer provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East & Africa Pyranometer Report Scope

Middle East & Africa Pyranometer Regional Insights

The geographic scope of the Middle East & Africa Pyranometer refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.