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Global solar simulator market is growing at higher CAGR of 7.1% from 2017 to 2024 explored in latest research

Energy Market Research

Global Solar Simulator Market Report 2017 is a professional and in-depth study on the current state of the Solar Simulator industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Solar Simulator Market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.

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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.

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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.

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The report also measures technology life line curve and market time line to analyze and do more affective investments.

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: 

  • 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

Market Segmentation: 

·         On the basis of light source ·         On the basis of dimension ·         On the basis of application ·         On the basis of geography Segmentation In Details: 

On the basis of light source:- intoxenon arc lamp, metal halide arc lamp, LED lamp, UV lamp, QTH lamp, and others.

On the basis of dimension:- class AAA, class ABA, class ABB, and others.

On the basis of application:- 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.

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,
  • Brazil among others.

In 2017, North America is expected to dominate the market. 

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