Global Solar Simulator Market 2024-2028
Solar Simulator Market 2024-2028
The solar simulator market is forecasted to grow by USD 131.4 mn during 2023-2028, accelerating at a CAGR of 6.4% during the forecast period. The report on the solar simulator market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by launch of new solar simulators, growing demand for portable solar simulator, and increasing solar simulator for aerospace applications.
Technavio's solar simulator market is segmented as below:
By Type
- Class A solar simulators
- Class B solar simulators
- Class C solar simulators
By Source
- Xenon lamps
- Metal halide lamps
- LEDs
- Others
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the innovation in solar simulators as one of the prime reasons driving the solar simulator market growth during the next few years. Also, high demand for customized solutions and rapid advancement in photovoltaic (PV) technologies will lead to sizable demand in the market.
The report on the solar simulator market covers the following areas:
- Solar Simulator Market sizing
- Solar Simulator Market forecast
- Solar Simulator Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar simulator market vendors that include Abet Technologies Inc., ADTEC Engineering Co. Ltd., AMETEK Programmable Power Inc., Angstrom Designs Inc., Asahi Spectra Co Ltd, Ecoprogetti srl, Endeas Oy, Eternal Sun B.V., G2V Optics Inc, Gsolar Power Co. Ltd, InfinityPV, Iwasaki Electric Co. Ltd., Lumartix SA, Meyer Burger Technology AG, Newport Corp., OAI, Ossila Ltd., and Peccell Technologies Inc.. Also, the solar simulator market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.