The Global Solar Simulator Market growing at a CAGR of 7.1% during the forecast period of 2019 to 2026.
A solar simulator is the equipment used to simulate the solar irradiance and spectrum. Solar simulator is for the testing of solar cells, sun screen, plastics, and other devices. It has its wide application in pv cell/module and material testing, UV testing of materials and products, automotive testing, biomass study, and others. Growing demand for solar systems in residential applications may act as the major driver in the growth of solar simulator market.
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Major Key players profiled in this report are:
Newport Corporation, Meyer Burger Technology AG, Gsolar Power Co., Ltd., Spire Solar, Solar Light Company, Abet Technologies, Inc., Sciencetech Inc., Spectrolab Inc., OAI, Asahi Spectra Co., Ltd., Iwasaki Electric Co., Ltd., Nisshinbo Mechatronics, Inc., Endeas Oy, Wacom Electric Co., Ltd.,Endeas OY, and others.
Major Market Drivers:
- Supportive government policies, initiatives, and regulatory compliance
- Growing demand for solar systems in residential applications
- Increasing adoption of green energy and emergence of smart cities
- Falling subsidies, grants
- High costing involved in solar simulators
The global solar simulator market is segmented on the basis of light source intoxenon arc lamp, metal halide arc lamp, LED lamp, UV lamp, QTH lamp, and others.
The global solar simulator market is also segmented on the basis of dimension class AAA, class ABA, class ABB, and others.
On the basis of application the global solar simulator market is further segmented into PV cell/module and material testing, UV testing of materials and products, automotive testing, biomass study, and others. UV testing of materials and products segment is further sub segmented into plastics, paints, and coating, textile/fabric, dermatological products and others.
On the basis of geography, global solar simulator market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
This market research report is an elite market manual which gives a general breakdown of both purchaser and supplier points of view and procedures, alongside a review of the patterns in the worldwide market. It can be utilized to pick up a more profound comprehension of what drives and what restricts the market. It also gives the near outcome of the top players and moreover gives the different segments of the market dependent on Regions/Countries, Application and players.
The report for solar simulator market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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