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Global Solar Simulator Market Size Study & Forecast, 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), and Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: G0743BED1541EN
Bizwit Research & Consulting LLP

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Global Solar Simulator Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. A solar simulator is a device used to simulate the sunlight that reaches the Earth's surface under various conditions. These devices are commonly used in scientific research, testing, and industrial applications where controlled and repeatable solar radiation is needed. Solar simulators are widely used in the photovoltaic industry to test the efficiency and performance of solar cells and panels under controlled conditions. By subjecting solar cells to simulated sunlight, researchers and manufacturers can evaluate their electrical characteristics, such as voltage, current, and power output, as well as their durability and reliability. Moreover, the increasing adoption of solar energy, expansion of the solar industry supply chain, and supportive government policies, initiatives, and regulatory compliance are anticipated to create a lucrative demand for the market during the forecast period 2023-2030.

Additionally, the global shift towards renewable energy sources, particularly solar power, is a major driver of the solar simulator market. As governments, businesses, and consumers seek to reduce carbon emissions and transition to cleaner energy alternatives, the demand for solar photovoltaic (PV) systems has surged. Solar simulators are essential for testing and optimizing the efficiency and performance of solar cells and panels, thereby supporting the growth of the solar energy industry. According to Statista, in 2020, the global cumulative installed solar PV capacity was 7,72,200 megawatts and the adoption of solar energy increased significantly and the number reached 1,177,000 megawatts in 2022. Moreover, the rising R&D and innovation in solar technologies, and increasing focus on energy efficiency and renewable energy sources are anticipated to create a lucrative opportunity for the market. However, the high cost of solar simulators, and reducing subsidies stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Solar Simulator Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing solar energy investments, rising demand for photovoltaic testing, and growing focus on renewable energy. Whereas, the Asia Pacific is expected to grow at the fastest growth rate during the forecast period, owing to factors such as the rapid expansion of the solar industry, and increasing awareness of environmental issues, climate change, and the need to reduce greenhouse gas emissions are driving the transition towards renewable energy sources like solar power in the Asia Pacific region.

Major market players included in this report are:

Newport Corporation (US)

Meyer Burger Technology AG (Switzerland)

Gsolar Power Co., Ltd. (China)

Spire Solar (Netherlands)

Solar Light Company (US)

Abet Technologies, Inc. (US)

Sciencetech Inc. (Canada)

Spectrolab Inc. (US)

Asahi Spectra Co., Ltd. (Japan)

Iwasaki Electric Co., Ltd. (Japan)

Recent Developments in the Market:
  • In January 2022, Abet Technologies, Inc. has unveiled an innovative addition to its product lineup: the Sunlite solar simulators. These cutting-edge simulators boast a versatile design that can seamlessly transition between horizontal and up-pointing beam configurations with nothing more than a simple screwdriver. Each system comes equipped with a powerful 100-watt Xenon arc lamp, ensuring reliable performance. Additionally, it includes essential features such as an AM1.5G air mass filter, an adjustable height stands for convenience, and HEPA filtered cooling air for optimal operation. This expansion further bolsters Abet Technologies' position in the market, enhancing its comprehensive product portfolio
Global Solar Simulator Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Type, Light Source, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Solar Simulator Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Solar Simulator Market, by Type, 2020-2030 (USD Billion)
  1.2.3. Solar Simulator Market, by Light Source, 2020-2030 (USD Billion)
  1.2.4. Solar Simulator Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL SOLAR SIMULATOR MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL SOLAR SIMULATOR MARKET DYNAMICS

3.1. Solar Simulator Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing adoption of solar energy
    3.1.1.2. Expansion of the solar industry supply chain
    3.1.1.3. Supportive government policies, initiatives, and regulatory compliance
  3.1.2. Market Challenges
    3.1.2.1. High cost of solar simulators
    3.1.2.2. Reducing subsidies
  3.1.3. Market Opportunities
    3.1.3.1. Rising R&D and innovation in solar technologies
    3.1.3.2. Increasing focus on energy efficiency and renewable energy sources

CHAPTER 4. GLOBAL SOLAR SIMULATOR MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL SOLAR SIMULATOR MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Solar Simulator Market by Type, Performance - Potential Analysis
5.3. Global Solar Simulator Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Solar Simulator Market, Sub Segment Analysis
  5.4.1. Steady State
  5.4.2. Pulsed

CHAPTER 6. GLOBAL SOLAR SIMULATOR MARKET, BY LIGHT SOURCE

6.1. Market Snapshot
6.2. Global Solar Simulator Market by Light Source, Performance - Potential Analysis
6.3. Global Solar Simulator Market Estimates & Forecasts by Light Source 2020-2030 (USD Billion)
6.4. Solar Simulator Market, Sub Segment Analysis
  6.4.1. Xenon Arc Lamp
  6.4.2. Metal Halide Arc Lamp
  6.4.3. UV Lamp
  6.4.4. QTH Lamp
  6.4.5. LED Lamp

CHAPTER 7. GLOBAL SOLAR SIMULATOR MARKET, BY APPLICATION

7.1. Market Snapshot
7.2. Global Solar Simulator Market by Application, Performance - Potential Analysis
7.3. Global Solar Simulator Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Solar Simulator Market, Sub Segment Analysis
  7.4.1. PV Cell Module and Material Testing
  7.4.2. UV Testing of Materials and Products
  7.4.3. Automotive Testing
  7.4.4. Biomass Study
  7.4.5. Others

CHAPTER 8. GLOBAL SOLAR SIMULATOR MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Solar Simulator Market, Regional Market Snapshot
8.4. North America Solar Simulator Market
  8.4.1. U.S. Solar Simulator Market
    8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Light Source breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Solar Simulator Market
8.5. Europe Solar Simulator Market Snapshot
  8.5.1. U.K. Solar Simulator Market
  8.5.2. Germany Solar Simulator Market
  8.5.3. France Solar Simulator Market
  8.5.4. Spain Solar Simulator Market
  8.5.5. Italy Solar Simulator Market
  8.5.6. Rest of Europe Solar Simulator Market
8.6. Asia-Pacific Solar Simulator Market Snapshot
  8.6.1. China Solar Simulator Market
  8.6.2. India Solar Simulator Market
  8.6.3. Japan Solar Simulator Market
  8.6.4. Australia Solar Simulator Market
  8.6.5. South Korea Solar Simulator Market
  8.6.6. Rest of Asia Pacific Solar Simulator Market
8.7. Latin America Solar Simulator Market Snapshot
  8.7.1. Brazil Solar Simulator Market
  8.7.2. Mexico Solar Simulator Market
8.8. Middle East & Africa Solar Simulator Market
  8.8.1. Saudi Arabia Solar Simulator Market
  8.8.2. South Africa Solar Simulator Market
  8.8.3. Rest of Middle East & Africa Solar Simulator Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Newport Corporation (US)
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Meyer Burger Technology AG (Switzerland)
  9.3.3. Gsolar Power Co., Ltd. (China)
  9.3.4. Spire Solar (Netherlands)
  9.3.5. Solar Light Company (US)
  9.3.6. Abet Technologies, Inc. (US)
  9.3.7. Sciencetech Inc. (Canada)
  9.3.8. Spectrolab Inc. (US)
  9.3.9. Asahi Spectra Co., Ltd. (Japan)
  9.3.10. Iwasaki Electric Co., Ltd. (Japan)

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Solar Simulator Market, report scope
TABLE 2. Global Solar Simulator Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Solar Simulator Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Solar Simulator Market estimates & forecasts by Light Source 2020-2030 (USD Billion)
TABLE 5. Global Solar Simulator Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Solar Simulator Market estimates & forecasts by End-use 2020-2030 (USD Billion)
TABLE 7. Global Solar Simulator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Solar Simulator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Solar Simulator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Solar Simulator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Solar Simulator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Solar Simulator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Solar Simulator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Solar Simulator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Solar Simulator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Solar Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Solar Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Solar Simulator Market
TABLE 71. List of primary sources, used in the study of global Solar Simulator Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Solar Simulator Market, research methodology
FIG 2. Global Solar Simulator Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Solar Simulator Market, key trends 2022
FIG 5. Global Solar Simulator Market, growth prospects 2023-2030
FIG 6. Global Solar Simulator Market, porters 5 force model
FIG 7. Global Solar Simulator Market, pest analysis
FIG 8. Global Solar Simulator Market, value chain analysis
FIG 9. Global Solar Simulator Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Solar Simulator Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Solar Simulator Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Solar Simulator Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Solar Simulator Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Solar Simulator Market, regional snapshot 2020 & 2030
FIG 15. North America Solar Simulator Market 2020 & 2030 (USD Billion)
FIG 16. Europe Solar Simulator Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Solar Simulator Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Solar Simulator Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Solar Simulator Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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