Solar Simulator Market By Type (Steady State, Pulsed), By Light Source (Xenon Arc Lamp, Metal Halide Arc Lamp, UV Lamp, QTH Lamp, LED Lamp), By Application (PV Cell Module and Material Testing, UV Testing of Materials and Products, Automotive Testing, Biomass Study, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global solar simulator market was valued at $203.6 million in 2021, and is projected to reach $364.6 million by 2031, growing at a CAGR of 5.8% from 2022 to 2031.
Solar simulator is a device which produces illumination which is nearly equal to natural sunlight. Its function is to provide controllable indoor test facility for various applications including testing of performance parameters, research & development and others. It consists of three main components including light source, power supply and filters used to optimize the output beam. Types of light sources used in solar simulators include xenon arc lamps, metal halide arc lamp, UV lamp, QTH lamp, and LED lamp.
Rise in building & construction activities in the developing economies across the globe increases the need for continuous power supply that can be fulfilled with the help of solar power generation, which in turn is expected to rise the demand for solar panels. This in turn is expected to drive the solar simulator market growth during the forecast period. However, high cost associated with solar simulators is anticipated to restrain the growth of the solar simulator market during the analyzed time frame. On the contrary, rise in R&D activities toward increasing the efficiency of solar products and government initiative toward renewable energy across the globe are expected to create opportunity for key players operating in the solar simulator market during the forecast period.
The global solar simulator market is segmented on the basis of type, light source, application, and region. Depending on type, the market is segmented into steady state and pulsed. On the basis of light source, it is categorized into xenon arc lamp, metal halide arc lamp, UV lamp, QTH lamp, and LED lamp. The applications covered in the study include PV cell/module and material testing, UV testing of materials and products, automotive Testing, biomass Study, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the solar simulator market analysis from 2021 to 2031 to identify the prevailing solar simulator market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the solar simulator market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global solar simulator market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Steady State
Pulsed
By Light Source
Xenon Arc Lamp
Metal Halide Arc Lamp
UV Lamp
QTH Lamp
LED Lamp
By Application
PV Cell Module and Material Testing
UV Testing of Materials and Products
Automotive Testing
Biomass Study
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
U.K.
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
UAE
Rest of LAMEA
Key Market Players
Sciencetech, Inc.
Schneider Electric
Solar Light Company, LLC
ABB Ltd
Abet Technologies, Inc.
Asahi Spectra Co., Ltd.
Endeas
Gsolar Power Co., Ltd.
Iwasaki Electric Co., Ltd.
Spectrolab
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