The report encompasses a thorough study of current situation of the global market along with several market dynamics Competitor analysis is one of the most important aspects of market research report which helps businesses decide upon the strategies by comparing them with the competitors. The use of newest and advanced tools and techniques used for this report makes it the finest in the class. Competitor strategies highlighted in this Global Solar Simulator Market report mainly include new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others that boost their footprints in this market.
The Global Solar Simulator Market accounted for USD 5.75 billion in 2016 growing at a CAGR of 7.1% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 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.
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
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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.
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.
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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