Global Solar Simulator Market : Industry Analysis and Forecast (2018-2026)
Global Solar Simulator Market was valued US$ 5.20 Bn in 2017 and is expected to reach 9.50 Bn by 2026, at a CAGR of 7.82 % during a forecast period.
A solar simulator is the equipment , which is used to simulate the solar irradiance and spectrum. Solar simulator is also used for the testing of solar cells, sun screen, plastics, and other devices.
Growing adoption of green energy and emergence of smart cities, supportive government policies and the rising demand for solar systems in residential applications are expected to drive the solar simulator market.Additionaaly, developing solar industry and declining costs of solar systems and energy storage devices are also expected to boom the global solar simulator market.
The Class AAA solar simulator is expected to dominate the growth in the global solar simulator market.According to the IEC 60904-9, ASTM E927, and JIS C8912 standards, the Class AAA solarsimulatorallows customers to perform tests with the highest precision. The Class AAA solar simulators are extensively used in photobiology, biomedical, solar cell testing, cosmetic testing, and paints and coatings analysis.Increasing demand for photovoltaics (PV) owing to growing energy requirement and government funding to encourage solar energy generation is expected to drive the global solar simulator market by Class AAA solar simulator during the forecast period.
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The Xenon arc lamp segment is projected to lead the global solar simulator marketduring the forecast period . The leading position in the market can be attributed to featureds offered xenon arc lamp such as by the supported technology, output consistency, and better range, necessary for illuminating samples , which are tested. The rapid growth of xenon arc lampsegment is accredited to the recognized technology, reliable output, and better spectrum. Mostly, xenon arc lamps are extensively used in the solar industry for testing PV cells and modules. The increasing PV market is projected to increase demand for xenon arc lamp during the forecast period.
Asia Pacific is expected to dominate the growth in the global solar simulator market. This region is a key region for the solar simulator marketand is projected to grow at XX % rate of CAGR in global solar simulator market the during the forecast period. In the developing countries in Asia, their governments’ support for the improvement and commercialization of advanced PV technologies expected to drive the solar simulator market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments and, project the global solar simulator market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global solar simulator market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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The Scope of the Report for Global Solar Simulator Market
Global Solar Simulator Market, By Dimension
• Class AAA
• Class ABA
• Class ABB
Global Solar Simulator Market,By Light Source
• Xenon arc lamp
• Metal halide arc lamp
• LED lamp
• UV lamp
• QTH lamp
Global Solar Simulator Market,By Application
• PV cell/module and material testing
• UV testing of materials and products
o Plastics, paints, and coatings
o Textile/fabric
o Dermatological products
o Others
• Automotive testing
• Biomass study
• Others
Global Solar Simulator Market,By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players of Global Solar Simulator Market
• Abet Technologies, Inc.
• Asahi Spectra Co., Ltd.
• Endeas OY
• Gsolar Power Co., Ltd.
• Iwasaki Electric Co., Ltd.
• Meyer Burger Technology AG
• Newport Corporation
• Nisshinbo Mechatronics, Inc.
• OAI
• Sciencetech, Inc.
• Solar Light Company
• Spectrolab Inc.
• Spire Solar, LLC
• Wacom Electric Co., Ltd.
Browse Full Report with Facts and Figures of Solar Simulator Market Report at: https://www.maximizemarketresearch.com/market-report/global-solar-simulator-market/29815/
MAJOR TOC OF THE REPORT
Chapter One: Solar Simulator Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Solar Simulator Market Competition, by Players
Chapter Four: Global Solar Simulator Market Size by Regions
Chapter Five: North America Solar Simulator Revenue by Countries
Chapter Six: Europe Solar Simulator Revenue by Countries
Chapter Seven: Asia-Pacific Solar Simulator Revenue by Countries
Chapter Eight: South America Solar Simulator Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Solar Simulator by Countries
Chapter Ten: Global Solar Simulator Market Segment by Type
Chapter Eleven: Global Solar Simulator Market Segment by Application
Chapter Twelve: Global Solar Simulator Market Size Forecast (2019-2026)
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