Global Solar Simulator Market Consumption Analysis, Business Overview and Upcoming Trends Forecast by 2024
Global Solar Simulator Market with figures as recent as 2017 and forecasts up to 2024 provides an overview of the industry including its definition, size, share, growth, applications and manufacturing technology. Report also explores the major industry players in detail as well as company profile, product specifications, capacity and production value.
Global Solar Simulator Market By Geography; Light Source (Xenon arc lamp, Metal halide arc lamp, LED lamp, UV lamp, QTH lamp); Dimension (Class AAA, Class ABA, Class ABB); Application (PV Cell/Module and Material Testing, UV Testing Of Materials and Products, Automotive Testing, Biomass Study) – Industry Trends and Forecast to 2024
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Global Solar Simulator Market accounted for USD 5.75 billion in 2016 growing at a CAGR of 7.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Major Market Competitors:
· Meyer Burger Technology AG,
· Gsolar Power Co., Ltd.,
· Abet Technologies, Inc.,
· Nisshinbo Mechatronics, Inc.,
· Wacom Electric Co., Ltd.,
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. On the other side, high costing included in it may hinder the market.
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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Major Market Drivers & Restraints:
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
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On the basis of light source:
On the basis of dimension:-
On the basis of application:-
· PV cell/module and material testing,
· UV testing of materials and products,
· Dermatological products.
On the basis of geography:-
North America, South America, Europe, Asia-Pacific, and Middle East & Africa. U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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