The Europe Solar Power Meter Market is expected to witness market growth of 10.2% CAGR during the forecast period (2025-2032).
The Germany market dominated the Europe Solar Power Meter Market by country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $451.5 Million by 2032. The UK market is exhibiting a CAGR of 8.5% during 2025-2032. Additionally, the France market is expected to experience a CAGR of 11.5% during 2025-2032.
The growth of the solar power meter industry in Europe is directly related to the continent's dedication to renewable energy and sustainability. In the early 2000s, Europe started to put more emphasis on renewable energy sources. This led to large investments in solar photovoltaic (PV) systems. Because of this change, solar power meters were needed to accurately measure and improve solar energy production.
The Germany market dominated the Europe Solar Power Meter Market by country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $451.5 Million by 2032. The UK market is exhibiting a CAGR of 8.5% during 2025-2032. Additionally, the France market is expected to experience a CAGR of 11.5% during 2025-2032.
The growth of the solar power meter industry in Europe is directly related to the continent's dedication to renewable energy and sustainability. In the early 2000s, Europe started to put more emphasis on renewable energy sources. This led to large investments in solar photovoltaic (PV) systems. Because of this change, solar power meters were needed to accurately measure and improve solar energy production.
Government Support Boosts Solar Adoption
- EU Policies for Clean Energy: The European Union developed standards like the Renewable Energy Directive to get nations to utilize more solar power and be more environmentally friendly.
- Incentives in Key Countries: Germany, Spain, and Italy, for example, gave individuals money back (subsidies) and guaranteed payments (feed-in tariffs) for installing solar panels. This made it cheaper for houses and businesses to use solar panels.
Rising Need for Solar Power Monitoring
- Growing Use Calls for Smart Meters: As more solar panels were used, smart solar meters became necessary. These gadgets assist keep track of how much power is being used and make sure the electrical system runs properly.
Country Outlook
The solar power meter business in the UK has changed a lot in the last ten years. It has gone from being based on subsidies to being based on decentralized, data-rich energy generation and management. In the time of the Feed-in Tariff (FiT) arrangement, solar meters were mostly used to check bills and exports. But now that the Smart Export Guarantee (SEG) and smart metering are being rolled out across the country, solar meters are an important part of the UK's changing renewable energy policy.France: Smart Meters Boosting the Solar Transition
- Going Beyond Nuclear Power: France has been focused on nuclear energy for a long time, but it is now quickly switching to solar power. This move toward greener energy is being guided by laws and national plans.
- Government is Setting the Direction: The government is setting the direction. Policies like the Energy Transition for Green Growth Act and PPE give clear goals for increasing the use of solar energy, which makes the transition more organized and focused on goals.
- Smart Meters Are Now Essential: Smart meters are now necessary. As more homes and businesses install solar panels, smart meters are necessary to keep track of energy use, make things more efficient, and stay on track with national energy goals.
Russia: Early Steps into the Solar Metering Space
- Fossil Fuel Legacy Still Strong: Russia has relied on oil and gas for a long time, so its shift to solar power is still in its early stages and mostly limited to certain areas.
- Some Areas Are Showing Promise: Solar projects are growing the fastest in southern and far eastern areas that get more sunlight, thanks to support from both the government and private companies.
- More Than Just Monitors: In these new areas, smart meters are seen as essential for supporting local solar power and helping families and communities manage and grow their energy use.
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)
Market Report Segmentation
By Technology
- Digital
- Analog
By End Use
- Residential
- Commercial
- Industrial
By Product
- Net Meter
- Bi-Directional Meter
- Dual Meter
- Other Product
By Measurement
- Energy Measurement
- Power Measurement
- Current Measurement
- Voltage Measurement
- Other Measurement
By Integration Type
- On-grid Solar Power Meters
- Off-grid Solar Power Meters
- Handheld Solar Power Meters
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Value Chain Analysis of Solar Power Meter Market
Chapter 7. Europe Solar Power Meter Market by Technology
Chapter 8. Europe Solar Power Meter Market by End Use
Chapter 9. Europe Solar Power Meter Market by Product
Chapter 10. Europe Solar Power Meter Market by Measurement
Chapter 11. Europe Solar Power Meter Market by Integration Type
Chapter 12. Europe Solar Power Meter Market by Country
Chapter 13. Company Profiles
Companies Mentioned
- 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)