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Solar Simulator Market by Dimension, Light Source, Application - Global Forecast to 2022

Solar Simulator Market: Global Forecast until 2022

  • May 2017
  • 163 pages
  • ID: 4891743
In this report:
The solar simulator market registered a shipment of ##.## thousand units in 2016 and is expected to reach ##.## thousand units by 2022, growing at a CAGR of ##.##% during the forecast period.
The solar simulator market registered a shipment of ##.## thousand units in 2016, and it is expected to grow at a CAGR of ##.##% during the forecast period to reach ##.## thousand units by 2022.


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"Solar simulator market intended to grow at a CAGR (Compound annual growth rate) of 6.50 percent between 2017 and 2022"

The solar simulator market is anticipated to be valued at ~$8.4B by 2022, increasing at a compound annual growth rate (CAGR) of 6.50 percent between 2017 and 2022. The market increase can be accredited to the growing adoption of green energy and emergence of smart cities, supportive government policies, initiatives, and the growing demand for solar systems in residential applications. Nevertheless, the high cost of solar simulators acts as a main restraint for the industry. Evolving solar market and decreasing costs of solar systems and energy storage devices act as an opportunity for the solar simulator market. The solar simulator market is in maturity phase; the firms in the solar simulator market are undergoing extensive research and development to expand a technically advanced solar simulator with product differentiation to tap the solar simulator market and obtain a competitive edge over others.

"Class AAA solar simulator forecasted to grow at a significant rate during the estimate period"

The Class AAA solar simulation according to the IEC 60904-9, ASTM E927, and JIS C8912 standards allows clients to perform tests with the more considerable precision. A Class AAA solar simulator finds its main application in test laboratories, PV manufacturing sectors, and in universities. Class AAA solar simulators are mostly used in photobiology, biomedical, solar cell testing, cosmetic testing, and paints and coatings review. The increasing market for photovoltaics due to growing energy requirement and rised government funding to foster solar energy generation is predicted to push the Class AAA solar simulator market during the outlook period.

"Xenon arc lamp forecasted to hold the biggest market during the estimate period"

Xenon arc lamp is the most widely used light source in solar simulators, as a result of its closest spectral match to solar spectra available from any artificial source. Xenon arc lamps are mostly used in the solar sector for testing PV cells/modules and also for the UV testing of materials and products including dermatological products; textile/fabric; plastics, paints, and coatings; paper products; and automotive components. The proven technology and better spectrum output make xenon arc lamp a popular light source for solar simulators.

"Market in Asia-Pac is likely to grow at the highest level rate during the outlook period"

Asia-Pacific is forecasted to hold the biggest share of the solar simulator market in 2017 and is anticipated to grow at the maximal rate between 2017 and 2022. The growing demand for solar simulators in Asia-Pac is driven by the increasing solar energy market, the implementation of stringent green energy regulations across main Asian countries, and the continuous government support for the development and commercialization of advanced PV technologies and increasing market for SPF and UV resistance products.

Breakdown of the profiles of primary members taking part:

• By Organization: Tier 1 = 10 %, Tier 2 = 30.0 percent, and Tier 3 = 60.0 percent

• By Description: C-suite executives = 50.0 percent, Directors = 25.0 percent, and Others = 25.0 percent

• By Area: North America (NA) = 60.0 percent, EU = 20.0 percent, Asia-Pacific = 10.0 percent, and RoW = 10.0 percent

The main players decribed in this market report are like follows:

• Newport Corporation

• Meyer Burger Technology AG

• Gsolar Power Co., Limited

• Spire Solar

• Solar Light Company

• Abet Technologies, Incorporated

• Asahi Spectra Co., Limited

• Iwasaki Electric Co., Limited

• Nisshinbo Mechatronics, Incorporated

• Endeas Oy

• Wacom Electric Co., Limited

Segment Research

In this business report, the solar simulator market has been split on the basis of dimension, light source, application, and area. The sector established on dimension has been split into Class AAA, Class ABA, and Class ABB. The solar simulator market established on light source has been divided into xenon arc lamp, metal halide arc lamp, LED lamp, UV lamp, and QTH lamp. The solar simulator market established on application has been broken down into PV cell/module and materials testing, UV testing of materials and products, automotive testing, biomass study, and others. The market research also includes the forecast of market sizes for 4 main regions: North America continent, Europe (EU), Asia-Pac, and RoW.

Why acquiring this study can help you

The analysis would benefit the market top players/new sector entrants in this sector in these ways.

1. This document breaks down the solar simulator market comprehensively and offers closest approximations of the global market size and those of the subsegments across several verticals and localities.

2. The market research would benefit partners distinguish the pulse of the sector and offer them with the info on key market drivers, market restraints, opportunities, and alternatives.

3. This industry report would benefit partners comprehend their players better and acquire additional insights to improve their rank in the industry. The competitive outlook section includes competitor landscape, launches of new product and advancements, alliances, and mergers and acquisitions carried out in the sector.

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