LAUSR

This study aims to assess the accuracy of two satellite‐based precipitation products (SBPPs), that is, Tropical Rainfall Measurement Mission (TRMM)‐based Multi‐satellite Precipitation Analysis (TMPA) and its upgraded version Integrated Multi‐Satellite Retrievals for Global Precipitation Measurement (IMERG), in capturing spatial and temporal variation of precipitation and their application for extreme events (high‐intensity precipitation and drought). They were evaluated against 142‐gauge stations from Nepal during 2001–2018. The results show that, in general, both SBPPs show the overall characteristics of precipitation patterns, although underestimated the mean annual precipitation during the study period. It was also noted that IMERG product yields better performance to detect precipitation events (probability of detection) and no‐precipitation events (false alarm ratio) than TMPA. Based on four different extreme precipitation indices: heavy precipitation events (R10mm), extreme precipitation events (R25mm), five consecutive dry days (CDD), and five consecutive wet days (CWD), it was observed that the SBPPs underestimated the frequency of R25mm and CDD spells while overestimated R10mm and CWD spells. Additionally, both SBPPs exhibited considerable capabilities in capturing the drought events during the study period. Overall, the drought event, bias, and frequency show that the IMERG product has slightly better capabilities to capture drought than the TMPA product. In general, IMERG was found to be superior at a daily timescale, while TMPA shows consistent performance on a monthly scale during the study period. Furthermore, there is still space for further improvement of IMERG rainfall retrieval algorithms.