Press release
"Global Solar Simulator Market" Booming With Higher CAGR of 7.1% According to New Forecast 2024
Global Solar Simulator Market
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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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.
On the basis of geography:-
• North America,
• South America,
• Europe,
• Asia-Pacific,
• Middle East & Africa.
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.
Read more about the Global Solar Simulator Market: http://databridgemarketresearch.com/reports/global-solar-simulator-market/
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