This research report analyzes the Global Solar Simulator Market, focusing on top industry players like Newport Corporation, Meyer Burger Technology AG, Gsolar Power Co., Ltd. and so on.
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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.
This report consists of below pages:
No of pages : 350
No of Figures: 60
No of Tables: 220
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Global Solar Simulator Market Definition:
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.
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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.
Global Solar Simulator Market Company Share Analysis:
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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Major Market Competitors: Global Solar Simulator Market
Some of the major players of the global solar simulator market 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.
Market Segmentation: Global Solar Simulator Market
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. Some of the major countries covered in this report are 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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