
North America Solar Power Meter Market Size, Share & Industry Analysis Report By Technology, By End Use Industry (Retail, Manufacturing, Transportation & Logistics, Healthcare & Hospitality, and Government), By Product Type (Desktop Printers, Industrial P
Description
The North America Solar Power Meter Market would witness market growth of 9.8% CAGR during the forecast period (2025-2032).
The US market dominated the North America Solar Power Meter Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $1,633.3 Million by 2032. The Canada market is experiencing a CAGR of 12.6% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 11.1% during (2025 - 2032).
The North American solar power meter market has evolved significantly over the past two decades, paralleling the region's growing commitment to renewable energy. The United States and Canada have been at the forefront of this transition, driven by government incentives, technological advancements, and increasing environmental awareness. Initiatives like the U.S. Department of Energy's SunShot Initiative aimed to make solar energy cost-competitive with other forms of electricity, thereby accelerating solar adoption.
As solar installations proliferated, the need for accurate measurement and monitoring became paramount. This led to the development and adoption of advanced solar power meters capable of real-time data acquisition, remote monitoring, and integration with smart grid systems. These meters play a crucial role in assessing system performance, ensuring optimal energy yield, and facilitating net metering arrangements.
The United States stands as a significant player in the solar power meter market, driven by a robust renewable energy sector and supportive federal policies. The Inflation Reduction Act (IRA) has been pivotal in accelerating solar installations, offering substantial tax credits and incentives for clean energy technologies. This legislative support has catalyzed growth across residential, commercial, and utility-scale solar projects, necessitating advanced metering solutions to monitor and optimize energy output.
Canada's solar power meter market is experiencing steady growth, underpinned by the country's commitment to renewable energy and sustainability goals. Government incentives, such as tax credits and rebates, have encouraged the adoption of solar PV systems across residential, commercial, and industrial sectors. This surge in solar installations has increased the demand for efficient metering solutions to monitor system performance and energy output.
Mexico's solar power meter market is integral to the country's expanding renewable energy sector. Favorable climate conditions, abundant sunlight, and government initiatives to promote clean energy have driven the growth of solar PV installations, thereby increasing the demand for accurate and reliable metering solutions.
The broader North American region, encompassing countries beyond the United States, Canada, and Mexico, is witnessing a growing interest in solar energy, driven by environmental concerns and the pursuit of energy independence. This trend is fostering the development of the solar power meter market, as accurate energy monitoring becomes essential for optimizing solar installations.
Key influencing factors include supportive government policies, technological advancements, and increasing investments in renewable energy infrastructure. The integration of smart grid technologies and the emphasis on energy efficiency are further propelling the adoption of advanced metering solutions across the region. Thus, North America’s solar power meter market is on a clear trajectory of digital transformation, with smart metering playing a pivotal role in achieving energy autonomy, grid modernization, and the region’s broader decarbonization goals.
Based on Technology, the market is segmented into Digital, and Analog. Based on End Use, the market is segmented into Residential, Commercial, and Industrial. Based on Product, the market is segmented into Net Meter, Bi-Directional Meter, Dual Meter, and Other Product. Based on Measurement, the market is segmented into Energy Measurement, Power Measurement, Current Measurement, Voltage Measurement, and Other Measurement. Based on Integration Type, the market is segmented into On-grid Solar Power Meters, Off-grid Solar Power Meters, and Handheld Solar Power Meters. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
By Technology
The US market dominated the North America Solar Power Meter Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $1,633.3 Million by 2032. The Canada market is experiencing a CAGR of 12.6% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 11.1% during (2025 - 2032).
The North American solar power meter market has evolved significantly over the past two decades, paralleling the region's growing commitment to renewable energy. The United States and Canada have been at the forefront of this transition, driven by government incentives, technological advancements, and increasing environmental awareness. Initiatives like the U.S. Department of Energy's SunShot Initiative aimed to make solar energy cost-competitive with other forms of electricity, thereby accelerating solar adoption.
As solar installations proliferated, the need for accurate measurement and monitoring became paramount. This led to the development and adoption of advanced solar power meters capable of real-time data acquisition, remote monitoring, and integration with smart grid systems. These meters play a crucial role in assessing system performance, ensuring optimal energy yield, and facilitating net metering arrangements.
The United States stands as a significant player in the solar power meter market, driven by a robust renewable energy sector and supportive federal policies. The Inflation Reduction Act (IRA) has been pivotal in accelerating solar installations, offering substantial tax credits and incentives for clean energy technologies. This legislative support has catalyzed growth across residential, commercial, and utility-scale solar projects, necessitating advanced metering solutions to monitor and optimize energy output.
Canada's solar power meter market is experiencing steady growth, underpinned by the country's commitment to renewable energy and sustainability goals. Government incentives, such as tax credits and rebates, have encouraged the adoption of solar PV systems across residential, commercial, and industrial sectors. This surge in solar installations has increased the demand for efficient metering solutions to monitor system performance and energy output.
Mexico's solar power meter market is integral to the country's expanding renewable energy sector. Favorable climate conditions, abundant sunlight, and government initiatives to promote clean energy have driven the growth of solar PV installations, thereby increasing the demand for accurate and reliable metering solutions.
The broader North American region, encompassing countries beyond the United States, Canada, and Mexico, is witnessing a growing interest in solar energy, driven by environmental concerns and the pursuit of energy independence. This trend is fostering the development of the solar power meter market, as accurate energy monitoring becomes essential for optimizing solar installations.
Key influencing factors include supportive government policies, technological advancements, and increasing investments in renewable energy infrastructure. The integration of smart grid technologies and the emphasis on energy efficiency are further propelling the adoption of advanced metering solutions across the region. Thus, North America’s solar power meter market is on a clear trajectory of digital transformation, with smart metering playing a pivotal role in achieving energy autonomy, grid modernization, and the region’s broader decarbonization goals.
Based on Technology, the market is segmented into Digital, and Analog. Based on End Use, the market is segmented into Residential, Commercial, and Industrial. Based on Product, the market is segmented into Net Meter, Bi-Directional Meter, Dual Meter, and Other Product. Based on Measurement, the market is segmented into Energy Measurement, Power Measurement, Current Measurement, Voltage Measurement, and Other Measurement. Based on Integration Type, the market is segmented into On-grid Solar Power Meters, Off-grid Solar Power Meters, and Handheld Solar Power Meters. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Solar Light Company, LLC
- PCE Instruments India Private Ltd. (PCE Holding AG)
- TES Electrical Electronic Corp.
- EKO Instruments Co., Ltd.
- General Tools & Instruments LLC (Global Transport Investments Inc.)
- Jaycar Pty. Ltd.
- Fluke Corporation (Fortive Corporation)
- Canstar Blue Pty Ltd
- Teledyne FLIR LLC (Teledyne Technologies Incorporated)
- OTT HydroMet B.V. (Kipp & Zonen)
By Technology
- Digital
- Analog
- Residential
- Commercial
- Industrial
- Net Meter
- Bi-Directional Meter
- Dual Meter
- Other Product
- Energy Measurement
- Power Measurement
- Current Measurement
- Voltage Measurement
- Other Measurement
- On-grid Solar Power Meters
- Off-grid Solar Power Meters
- Handheld Solar Power Meters
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
168 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Solar Power Meter Market, by Technology
- 1.4.2 North America Solar Power Meter Market, by End Use
- 1.4.3 North America Solar Power Meter Market, by Product
- 1.4.4 North America Solar Power Meter Market, by Measurement
- 1.4.5 North America Solar Power Meter Market, by Integration Type
- 1.4.6 North America Solar Power Meter Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Product Launches and Product Expansions
- 4.2.2 Acquisition and Mergers
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2021-2025)
- 4.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2022, Jan – 2025, Apr) Leading Players
- 4.4 Porter Five Forces Analysis
- Chapter 5. Value Chain Analysis of Solar Power Meter Market
- 5.1 Raw Material Procurement
- 5.2 Component Manufacturing
- 5.3 Assembly & Integration
- 5.4 Calibration & Testing
- 5.5 Sales & Marketing
- 5.6 Distribution & Logistics
- 5.7 Installation & Integration
- 5.8 After-Sales Service & Support
- 5.9 End-Use Application
- Chapter 6. Key Costumer Criteria of Solar Power Meter Market
- Chapter 7. North America Solar Power Meter Market by Technology
- 7.1 North America Digital Market by Region
- 7.2 North America Analog Market by Region
- Chapter 8. North America Solar Power Meter Market by End Use
- 8.1 North America Residential Market by Country
- 8.2 North America Commercial Market by Country
- 8.3 North America Industrial Market by Country
- Chapter 9. North America Solar Power Meter Market by Product
- 9.1 North America Net Meter Market by Country
- 9.2 North America Bi-Directional Meter Market by Country
- 9.3 North America Dual Meter Market by Country
- 9.4 North America Other Product Market by Country
- Chapter 10. North America Solar Power Meter Market by Measurement
- 10.1 North America Energy Measurement Market by Country
- 10.2 North America Power Measurement Market by Country
- 10.3 North America Current Measurement Market by Country
- 10.4 North America Voltage Measurement Market by Country
- 10.5 North America Other Measurement Market by Country
- Chapter 11. North America Solar Power Meter Market by Integration Type
- 11.1 North America On-grid Solar Power Meters Market by Country
- 11.2 North America Off-grid Solar Power Meters Market by Country
- 11.3 North America Handheld Solar Power Meters Market by Country
- Chapter 12. North America Solar Power Meter Market by Country
- 12.1 US Solar Power Meter Market
- 12.1.1 US Solar Power Meter Market by Technology
- 12.1.2 US Solar Power Meter Market by End Use
- 12.1.3 US Solar Power Meter Market by Product
- 12.1.4 US Solar Power Meter Market by Measurement
- 12.1.5 US Solar Power Meter Market by Integration Type
- 12.2 Canada Solar Power Meter Market
- 12.2.1 Canada Solar Power Meter Market by Technology
- 12.2.2 Canada Solar Power Meter Market by End Use
- 12.2.3 Canada Solar Power Meter Market by Product
- 12.2.4 Canada Solar Power Meter Market by Measurement
- 12.2.5 Canada Solar Power Meter Market by Integration Type
- 12.3 Mexico Solar Power Meter Market
- 12.3.1 Mexico Solar Power Meter Market by Technology
- 12.3.2 Mexico Solar Power Meter Market by End Use
- 12.3.3 Mexico Solar Power Meter Market by Product
- 12.3.4 Mexico Solar Power Meter Market by Measurement
- 12.3.5 Mexico Solar Power Meter Market by Integration Type
- 12.4 Rest of North America Solar Power Meter Market
- 12.4.1 Rest of North America Solar Power Meter Market by Technology
- 12.4.2 Rest of North America Solar Power Meter Market by End Use
- 12.4.3 Rest of North America Solar Power Meter Market by Product
- 12.4.4 Rest of North America Solar Power Meter Market by Measurement
- 12.4.5 Rest of North America Solar Power Meter Market by Integration Type
- Chapter 13. Company Profiles
- 13.1 Solar Light Company, LLC
- 13.1.1 Company Overview
- 13.1.2 Recent strategies and developments:
- 13.1.2.1 Product Launches and Product Expansions:
- 13.2 PCE Instruments India Private Ltd. (PCE Holding AG)
- 13.2.1 Company Overview
- 13.3 TES Electrical Electronic Corp.
- 13.3.1 Company Overview
- 13.4 EKO Instruments Co., Ltd.
- 13.4.1 Company Overview
- 13.4.2 Recent strategies and developments:
- 13.4.2.1 Product Launches and Product Expansions:
- 13.5 General Tools & Instruments LLC (Global Transport Investments Inc.)
- 13.5.1 Company Overview
- 13.6 Jaycar Pty. Ltd.
- 13.6.1 Company Overview
- 13.7 Fluke Corporation (Fortive Corporation)
- 13.7.1 Company Overview
- 13.7.2 Financial Analysis
- 13.7.3 Segmental and Regional Analysis
- 13.7.4 Research & Development Expense
- 13.7.5 Recent strategies and developments:
- 13.7.5.1 Product Launches and Product Expansions:
- 13.7.5.2 Acquisition and Mergers:
- 13.8 Canstar Blue Pty Ltd
- 13.8.1 Company Overview
- 13.9 Teledyne FLIR LLC (Teledyne Technologies Incorporated)
- 13.9.1 Company Overview
- 13.9.2 Financial Analysis
- 13.9.3 Segmental and Regional Analysis
- 13.9.4 Research & Development Expenses
- 13.9.5 Recent strategies and developments:
- 13.9.5.1 Product Launches and Product Expansions:
- 13.9.6 SWOT Analysis
- 13.10. OTT HydroMet B.V. (Kipp & Zonen)
- 13.10.1 Company Overview
- 13.10.2 Recent strategies and developments:
- 13.10.2.1 Product Launches and Product Expansions:
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