Solar Simulator Market Size, Share & Industry Analysis, By Dimension Type (AAA class, ABA class, ABB class, Others), By Light Source (Xenon Arc Lamp, LED Lamp, UV Lamp, Others) And Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Solar simulators are the devices which illuminate resembling from natural sunlight for the characterization of photonic properties and solves the purpose of providing controllable indoor test facility under laboratory conditions for solar cells testing. The solar simulator consists of light sources, power supply, and filters for modifying the output of the beam to meet the classification requirements. Solar simulators are becoming the prominent renewable energy sources owing to a rising need for green energy and are found in applications like domestic hot water, production space, heating, cooling, and others.
Based on the dimension type, the market is segmented into class AAA, class ABA, and class ABA. The Class AAA of the solar simulator has emerged as one of the most preferred solar simulators in biomedical and cell testing among the manufacture, other than that it provides rigorous testing for all the aspects with high accuracy and efficiency. Based on this factor, the class AAA dimension is expected to dominate the most significant market segment.
Based on the lamp type, the market is segmented into xenon arc lamp, LED lamp, UV lamp, and others. The xenon arc lamp-based solar simulator is anticipated to dominate the most significant market owing to providing the closest spectral match from any artificial sources and its wide range of applications in the solar industry. Other than that, xenon arc lamp provides the technology support, better range, and output consistency directly impacting the xenon arc lamp type.
One of the major drivers for the global solar simulator market is the growing necessity of renewable energy sources. Other than that, the evolving solar industry and demand for green energy in various applications have anticipated the growth of the global solar simulator market.
The initial cost associated with the solar selector is high which acts as the major market restraints for the solar simulator market
Key Market Driver -
The rise in demand of green energy and evolving solar industry
Key Market Restraint -
Higher cost associated with solar capacitors hinders the market
Key players covered:
Some of the major companies present in the global solar simulator market are Meyer Burger, Eternalsun spire, Meyer Burger, Gsolaer Power, Solar Light Company, Abet Technologies, Inc., Sciencetech-Inc., OAI, Spectrolab, Inc., and Aashi Spectra USA Inc.
Regional analysis:
The solar simulator market has been studied across North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. The Asia Pacific is expected to dominate the most significant market in terms of demand for solar simulators due to the higher demand for solar power in nations like India, China, and Indonesia, and government regulations on green energy across the region. Following Asia-Pacific, North America and Europe have implemented stringent laws to reduce emissions & are more focused on renewable energy projects and energy-efficient sectors; the rise in commercial and industrial development has led to the expansion of power demand and government supports for the development of and commercialization of solar applications across the major countries, enhancing the market landscape of solar simulator positively. Latin America has favorable conditions for energy production using solar applications and has emerged as a force of solar capacity. The growing demand, innovations, and government policies are driving the solar simulator and solar power market exponentially in the region. In the Middle East and Africa, the solar projects and expenditure on renewable energy infrastructure, and the replacement of power infrastructure are expected to be significant drivers for the solar simulator market.
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Segmentation
ATTRIBUTE | DETAILS |
By Dimension Type |
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By Light Source |
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By Geography |
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Key Industry Developments
- On 09 December 2020, Meyer Burger has signed an agreement with Ecosolfer. The agreement includes deliveries of earlier generation heterojunction cell lines for the manufacturing plant of Csorna.
- On 29 July 2020, Eternalsun spire has provided BBA steady-state solar simulators to PV laboratories which serves the purpose of market needs and IEC norms of increased stability and safety test in a cost-effective way.
- Ongoing
- 2023
- 2019-2022
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