The global solar simulator market analysis covers in-depth information of the major solar simulator industry participants.
WILMINGTON, DE , UNITED STATES, February 9, 2024 /EINPresswire.com/ — The solar simulator market size was valued at $203.6 million in 2021, and is estimated to reach $364.6 million by 2031, growing at a CAGR of 5.8% from 2022 to 2031.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
Solar simulator also known as sun simulator is a device capable of providing illumination nearly equal to natural sunlight. There are two different types of solar simulators such as steady state and pulsed solar simulators. Pulsed solar simulator may be single pulse or multi pulse solar simulators. Steady state solar simulators have 1,000 hours of continuous operation. While, pulsed solar simulators have 40,000 to 1 million flashes. Solar simulators are used in testing of solar cells, modules, solar materials & products, automotive testing, textile, biomass study, and other indoor testing facilities for R&D purposes.
Significant development of the end-use industries such as textile, automotive, paint & coatings, solar, pharmaceutical, chemicals, and healthcare has fueled the demand for solar simulators to check performance parameters of the products or materials from above mentioned industries, which in turn drives the growth of the solar simulator market during the forecast period. In addition, increase in demand for solar products from developing economies such as India, China, and Japan fuel the growth of the market, globally. However, high cost associated with solar simulators and disadvantages such as high-power consumption, high electronic drive costs, and short life cycles are the key factors that are expected to hamper the global solar simulator market growth in the upcoming years.
𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐎𝐧 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
The pulsed solar simulator segment held the largest market share in 2021, accounting for 56.7%, and is expected to maintain its dominance due to increasing demand for PV module testing. Additionally, the xenon arc lamp segment leads in revenue and is projected to continue its dominance, driven by its ability to replicate sunlight effectively for various applications, including PV cell testing, and its advantages such as stable spectrum and high intensity beams.
𝐒𝐨𝐥𝐚𝐫 𝐒𝐢𝐦𝐮𝐥𝐚𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬
𝐁𝐲 𝐋𝐢𝐠𝐡𝐭 𝐒𝐨𝐮𝐫𝐜𝐞
Xenon Arc Lamp
Metal Halide Arc Lamp
PV Cell Module and Material Testing
UV Testing of Materials and Products
𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬, 𝐏𝐥𝐞𝐚𝐬𝐞 𝐟𝐞𝐞𝐥 𝐟𝐫𝐞𝐞 𝐭𝐨 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐨𝐮𝐫 𝐚𝐧𝐚𝐥𝐲𝐬𝐭 𝐚𝐭:
𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲:
• In 2021, the pulsed solar simulator type segment accounted for about 56.7% of the share in the global solar simulator market, and is expected to maintain its dominance till the end of the forecast period.
• In 2021, the xenon arc lamp light source segment accounted for 31.4% solar simulator market share in the year 2021, and is anticipated to grow at a rate of 5.7% in terms of revenue, increasing its share in the global solar simulator market.
• LED lamp is the fastest-growing light source segment in the global solar simulator market, and is expected to grow at a CAGR of 6.1% during 2022–2031.
• Automotive testing application segment is expected to grow at the fastest rate, registering a CAGR of 6.2%, throughout the forecast period.
• In 2021, Asia-Pacific region dominated the global solar simulator market with more than 42.7% of the share, in terms of revenue.
The Solar Simulator Industry‘s key market players adopt various strategies such as product launches, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market’s strengths, product portfolio, market size and share analysis, operational results, and market positioning.
𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
• ABB Ltd
•Solar Light Company
• Sciencetech, Inc.
•Iwasaki Electric Co., Ltd.
• Gsolar Power Co., Ltd.
• Schneider Electric
• Abet Technologies, Inc.
• Asahi Spectra Co., Ltd.
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