U.S. Solar Power Meter Market Is Set For Lucrative Growth To 2030

U.S. Solar Power Meter Market Summary

The U.S. solar power meter market size was estimated at USD 818.4 million in 2024 and is projected to grow at a CAGR of 10.9% from 2025 to 2030. The current market scenario is shaped by the increasing adoption of solar photovoltaic (PV) systems across residential, commercial, and utility-scale projects. This adoption is supported by favorable federal policies such as the Investment Tax Credit (ITC) and the steady decline in costs of solar modules, inverters, and related components. The rising need for accurate measurement and monitoring of solar energy generation to optimize performance and ensure compliance with regulatory standards has significantly boosted the demand for solar power meters. In addition, states like California and Texas, which are leading in solar installations, are driving the need for advanced metering solutions to support efficient energy management.

The increasing demand for electricity driven by economic expansion, the rapid establishment of data centers, and the growth of large-scale manufacturing facilities is further fueling the requirement for precise energy monitoring tools such as solar power meters. The electrification of transportation and heating sectors has also increased renewable energy integration, creating additional demand for reliable and advanced measurement devices. Furthermore, ongoing efforts to modernize the grid and the incorporation of smart grid technologies support the adoption of solar power meters equipped with advanced features such as real-time data logging, remote monitoring, and communication interfaces. Growing awareness about the environmental benefits of renewable energy, coupled with government incentives, continues to create strong growth opportunities for the U.S. solar power meter industry.

Key Market Trends & Insights

• The on-grid solar power meters segment led the market in 2024, accounting for a revenue share of over 68%. This reflects the extensive deployment of grid-connected PV systems across the U.S. These meters play a vital role in accurately measuring the electricity exchanged between solar installations and the utility grid, enabling efficient net metering programs and enhancing energy management.
• The net meter segment captured the largest revenue share in 2024, due to its critical role in Net Energy Metering (NEM) programs. By calculating the difference between electricity consumed from the grid and solar energy exported back, these meters empower consumers to reduce energy costs and utilities to manage grid stability effectively.
• The digital meter segment accounted for the dominant revenue share in 2024, driven by the benefits of advanced accuracy, ease of integration with modern communication networks, and improved data processing capacity. Digital solar meters also enable enhanced analytics and remote monitoring, making them suitable for both residential and large-scale projects.
• The residential segment contributed the largest revenue share in 2024, supported by the widespread adoption of rooftop solar PV systems. Homeowners are increasingly motivated by cost savings, energy independence, and environmental sustainability. Declining solar panel costs, government-backed incentives, and growing awareness of climate-friendly energy alternatives are contributing to the rising popularity of residential solar power meters.

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Market Size & Forecast

• 2024 Market Size: USD 818.4 million
• 2030 Projected Market Size: USD 1,514.6 million
• CAGR (2025 - 2030): 10.9%

Key Companies & Market Share Insights

Some key companies operating in the U.S. solar power meter market include FLIR Systems, Fluke Corporation, Amprobe, and Campbell Scientific, Inc.

Amprobe is a well-known provider of test and measurement instruments tailored for solar applications, offering products such as clamp meters and multimeters capable of handling high-voltage DC requirements in PV installations. These devices ensure accurate readings and technician safety while supporting installation, maintenance, and system validation.

Fluke Corporation provides an extensive product portfolio designed to support PV system installation, inspection, and maintenance. Their solar testing equipment includes irradiance meters, clamp meters, pyranometers, multimeters, and thermal imagers, all compliant with industry standards like IEC 62446-1. For instance, the Fluke 393 FC Solar Clamp Meter measures up to 1500 V DC, suitable for both solar arrays and wind systems. Features like wireless Bluetooth connectivity streamline data collection and reporting, improving efficiency for engineers and technicians working in the renewable energy sector.

Key Players

• Amprobe
• OTT HydroMet B.V.
• Campbell Scientific, Inc.
• FLIR Systems
• Fluke Corporation
• General Tools & Instruments
• Apogee Instruments, Inc.
• EKO Instruments Co., Ltd.
• Solar Light Company, Inc.
• Megger

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Conclusion

The U.S. solar power meter market is positioned for significant growth, supported by rising solar PV adoption, grid modernization efforts, and federal incentives encouraging renewable energy expansion. Increasing demand from residential, commercial, and utility-scale projects, along with the integration of smart and digital technologies, is accelerating the adoption of advanced metering solutions. With residential solar installations leading market penetration and utility projects requiring precise monitoring tools, the industry is expected to remain highly dynamic. As key players continue to innovate with safer, more accurate, and connected devices, the market will expand steadily, reinforcing the role of solar meters in achieving sustainable energy goals.