PUBLISHER: Grand View Research | PRODUCT CODE: 1772286
PUBLISHER: Grand View Research | PRODUCT CODE: 1772286
The U.S. solar power meter market size was estimated at USD 818.4 million in 2024 and is expected to grow at a CAGR of 10.9% from 2025 to 2030. This current market state is influenced by the increasing adoption of solar photovoltaic (PV) systems across residential, commercial, and utility-scale segments, driven by strong federal policies such as the Investment Tax Credit (ITC), and declining costs of solar modules and related equipment. In addition, the growing need for accurate measurement and monitoring of solar power generation to optimize system performance and ensure regulatory compliance supports the demand for solar power meters. The rise in solar installations, particularly in states such as California and Texas, further contributes to the present market size by necessitating advanced metering solutions for efficient energy management.
Moreover, increasing electricity demand driven by economic growth, expanding data centers, and manufacturing facilities requires enhanced energy monitoring and management systems, including solar power meters. The electrification of transportation and heating sectors also adds to the demand for renewable energy integration and precise energy measurement. In addition, ongoing grid modernization efforts and the integration of smart grid technologies promote the deployment of advanced solar power meters with features such as data logging, remote monitoring, and communication interfaces. Government incentives and rising awareness about renewable energy sustainability further support the growth of the U.S. solar power meter industry.
Continuous technological advancements in solar power meters, such as improved accuracy, long-term stability, and multi-parameter measurement capabilities, contribute to market expansion. The increasing use of smart meters that facilitate real-time data transmission and integration with energy management systems enhances operational efficiency for utilities and consumers. The growing industrial sector and urbanization trends also stimulate demand for solar power meters in commercial and industrial applications. Collectively, these factors create a favorable environment for the solar power meter market to expand steadily over the forecast period, aligning with broader trends in the U.S. solar energy market and clean energy transition.
U.S. Solar Power Meter Market Report Segmentation
This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the U.S. solar power meter market report based on integration type, product type, measurement, technology, and end-use: