openPR Logo
Press release

Solar Simulator Market Poised for Remarkable Rise to US$ 772.9 Mn by 2032 Amid Renewable Energy Surge

11-07-2025 12:46 PM CET | Energy & Environment

Press release from: Persistence Market Research

Solar Simulator Market

Solar Simulator Market

The global solar simulator market is at a pivotal moment. According to the latest study by Persistence Market Research, the market size is projected to climb from US$ 478.2 million in 2025 to US$ 772.9 million by 2032, representing a compound annual growth rate (CAGR) of 7.1% during the period 2025-2032.

This upward trajectory is being fuelled by a number of key drivers, chief among them the rapid shift of industries toward renewable energy and the escalating requirements for research and testing infrastructure that supports high-performance photovoltaic (PV) modules.

Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): https://www.persistencemarketresearch.com/samples/33597

Market Overview

Solar simulators are specialised devices designed to recreate the effect of natural sunlight under controlled indoor conditions. They are used to assess the performance, durability and certification compliance of PV modules, materials, and products. As the solar industry continues to evolve - moving toward higher-efficiency modules, bifacial designs and novel materials - the role of solar simulators becomes ever more critical. The forecasted market expansion from US$ 478.2 million to US$ 772.9 million underscores this trend.

Several factors are driving this expansion: the global push for carbon-neutral energy systems, growing investments in solar manufacturing, stricter testing and certification standards (e.g., for PV modules), and the demand for more accurate, reliable testing equipment.

At the same time, the market is evolving from traditional light sources (such as xenon arc or metal halide lamps) toward more advanced ones (such as LED-based systems) with better spectral control and energy efficiency.

Key Drivers

One of the dominant drivers is the rising demand for solar photovoltaic (PV) systems globally. As countries ramp up solar deployment to meet renewable energy and carbon-neutral targets, manufacturers of solar modules require rigorous indoor testing to ensure quality and performance. This, in turn, fuels demand for solar simulators.

Another major driver is technological advancement in solar simulator equipment and the associated testing standards. Manufacturers and labs are increasingly turning to Class AAA (highest performance) simulators, LED sources, automated systems and larger-aperture units to keep up with next-generation solar modules.

Finally, government support and regulatory incentives for solar energy and renewable manufacturing further stimulate the market. Subsidies, R&D grants, standards enforcement and manufacturing localisation all play roles.

Dive deeper into the market data: https://www.persistencemarketresearch.com/market-research/solar-simulator-market.asp

Market Segmentation

By Light Source

Xenon Arc Lamps
Metal Halide Arc Lamps
LED Lamp
UV Lamp
Others

By Dimension

Class AAA
Class ABA
Class ABB

By Application

PV Cell/Module Testing
UV Testing of Materials and Products
Automotive Testing
Others

By Industry

Solar
Automotive
Materials Testing
Photonics
Optical
Others

By Region

North America
Europe
East Asia
South Asia and Oceania
Latin America
Middle East and Africa

Regional Insights

In terms of geography, the market displays differentiated dynamics across regions. For example, North America is expected to hold a sizeable share, thanks to strong PV manufacturing infrastructure, research labs and defence‐grade PV testing requirements.

Meanwhile, regions such as East Asia and South Asia are emerging as fast-growing zones as solar manufacturing expands in countries like China and India. Asia Pacific is often cited as the fastest-growing region due to large scale solar deployment, strong manufacturing growth and favourable policy support.

In Latin America, Middle East & Africa, the market currently has a smaller base but significant growth potential tied to recent solar investments and increasing awareness of quality testing needs.

Company Insights

Some of the prominent players operating in the solar simulator market include:
✦ ABET Technologies
✦ Asahi Spectra
✦ Iwasaki Electric
✦ Meyer Burger Technology
✦ Newport Corporation
✦ Gsolar Power
✦ OAI (Optical Associates Inc.)
✦ Nisshinbo Industries
✦ Sciencetech
✦ Endeas Oy

These companies are actively engaged in product innovation, regional expansion, partnerships and servicing the growing needs of PV manufacturers and research labs worldwide.

Market Outlook & Opportunities

Looking ahead, the solar simulator market presents several promising opportunities. The push toward high‐efficiency, bifacial and tandem solar modules means that testing requirements are becoming more complex - driving demand for higher-specification simulators (for example, Class AAA, LED-based, large area) with better uniformity, spectral match, stability and control.

Further, as emerging markets ramp up manufacturing and export of solar modules, there is increasing demand for certified testing facilities. Investments in R&D and quality assurance in solar panel production are expected to grow, which will support market expansion.

There is also an expanding application base: while PV cell/module testing remains dominant, other applications - such as automotive (solar-powered vehicles), materials testing (UV exposure) and photonics/optical industries - offer growth potential. The diversification of industries using solar simulators can broaden the market base.

Moreover, regions such as South Asia and Oceania (including India) present untapped potential owing to increasing solar deployments and manufacturing localisation, which could drive demand for testing infrastructure and hence simulators.

Challenges & Restraints

Despite the positive outlook, the market does face certain challenges. High initial cost of advanced solar simulators, maintenance and calibration requirements pose barriers for smaller labs or manufacturers.

Additionally, rapid technological change means that existing equipment may become obsolete faster, pushing users toward upgrades and replacement - a factor that can slow adoption in some cases.

Another restraint is that while solar deployment is strong, in some markets the maturation of PV manufacturing and test infrastructure is slower, which may delay investment in higher-end simulators.

For Customized Insights on Segments, Regions, or Competitors, Request Personalized Purchase Options: https://www.persistencemarketresearch.com/request-customization/33597

Conclusion

In summary, the global solar simulator market is positioned for sustained growth, rising from US$ 478.2 million in 2025 to US$ 772.9 million by 2032 at a 7.1% CAGR. With the renewable energy transition accelerating, and the solar industry's testing requirements becoming more demanding, solar simulator manufacturers and suppliers are on a promising trajectory.

The segmentation by light source (Xenon Arc, Metal Halide, LED, UV, Others), dimension (Class AAA, ABA, ABB), application (PV cell/module testing, UV testing of materials/products, automotive testing, others), industry (solar, automotive, materials testing, photonics, optical, others) and region (North America, Europe, East Asia, South Asia & Oceania, Latin America, Middle East & Africa) provides a comprehensive framework for understanding market dynamics.

Companies such as ABET Technologies, Asahi Spectra, Iwasaki Electric, Meyer Burger Technology, Newport Corporation, Gsolar Power, OAI, Nisshinbo, Sciencetech and Endeas Oy are key players shaping the competitive landscape.

While cost, calibration and obsolescence remain as hurdles, the upward momentum is clear - and for businesses in PV manufacturing, solar testing services, research institutions and related industries, the market for solar simulators offers compelling growth prospects.

Explore the Latest Trending Research Reports:

• Myristyl Palmitate Market Report - https://www.persistencemarketresearch.com/market-research/myristyl-palmitate-market.asp
• Hpq Silica Pharmaceutical Market Report - https://www.persistencemarketresearch.com/market-research/hpq-silica-pharmaceutical-market.asp
• Herbicide Safener Market Report - https://www.persistencemarketresearch.com/market-research/herbicide-safener-market.asp

Contact Us:

Persistence Market Research
Second Floor, 150 Fleet Street,
London, EC4A 2DQ, United Kingdom
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Solar Simulator Market Poised for Remarkable Rise to US$ 772.9 Mn by 2032 Amid Renewable Energy Surge here

News-ID: 4259349 • Views:

More Releases from Persistence Market Research

UV Disinfection Equipment Market Poised for Strong 16.3% CAGR Growth Through 2032
UV Disinfection Equipment Market Poised for Strong 16.3% CAGR Growth Through 203 …
The global UV disinfection equipment market is poised for remarkable expansion over the next decade. Industry estimates indicate that the market will be valued at US$ 17.0 billion in 2025 and is projected to surge to US$ 48.9 billion by 2032, registering a powerful CAGR of 16.3% between 2025 and 2032. This accelerated growth reflects heightened global focus on safety, hygiene, water quality, and chemical-free disinfection methods across both residential
Surfing Apparel and Accessories Market Booms at 5.5% CAGR Through 2031, Reports PMR
Surfing Apparel and Accessories Market Booms at 5.5% CAGR Through 2031, Reports …
The global surfing apparel and accessories market is set for steady expansion over the next several years. According to industry estimates, the market is anticipated to rise from US$ 9.5 billion in 2024 to US$ 14.1 billion by 2031, reflecting a healthy CAGR of 5.5% during the forecast period. This upward trajectory highlights the increasing global appeal of surfing as both a sport and a lifestyle. ➤ Download Your Free Sample
Shore Power Market Poised for Strong Expansion, Expected to Reach US$5.1 billion by 2032
Shore Power Market Poised for Strong Expansion, Expected to Reach US$5.1 billion …
The global shore power market is set for remarkable growth, driven by rapid port electrification, tightening environmental norms, and the global maritime sector's shift toward sustainable operations. Valued at US$2.2 billion in 2025, the market is projected to grow to US$5.1 billion by 2032, registering an impressive CAGR of 13.2% during the forecast period of 2025-2032. ➤ Download Your Free Sample & Explore Key Insights: https://www.persistencemarketresearch.com/samples/35927 Growing Sustainability Mandates Accelerate Adoption Shore power-also
Sleeves Market Growth to US$ 1,564.6 Million by 2032 Driven by Rising Demand in Metal Casting Applications
Sleeves Market Growth to US$ 1,564.6 Million by 2032 Driven by Rising Demand in …
The global sleeves market is undergoing a significant transformation as industries increasingly adopt advanced casting materials to enhance product quality, efficiency, and durability. According to the latest study by Persistence Market Research, the global sleeves market size, valued at US$ 1,054.4 million in 2025, is projected to reach US$ 1,564.6 million by 2032, exhibiting a steady CAGR of 5.8% during the forecast period. With growing demand across steel, aluminum, and

All 5 Releases


More Releases for Asia

Asia Private Equity Firm, Asia Private Equity Management, Asia Private Equity Se …
The private equity market in China has been rapidly growing in recent years. Private equity (PE) refers to the purchase of shares in a company that are not publicly traded on a stock exchange. PE firms typically target companies that are undervalued or in need of capital for growth, and aim to improve the company's operations and financial performance before selling it at a higher value. https://boomingfaucet.com/ Asia Private Equity Consulting E-mail:nolan@pandacuads.com In China,
South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
PEOPLEWAVE WINS ASIA TECH PODCAST PITCHDECK ASIA 2019 AWARDS
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019". The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients. Asked to comment on the move, Luke Palmer, the