According to Stratistics MRC, the “Global Solar Simulator market ” is accounted for $6.84 billion in 2018 and is expected to reach $14.98 billion by 2027 growing at a CAGR of 9.1% during the forecast period. Some of the key factors propelling the market growth are rising demand for solar systems in residential applications and growing adoption of green energy and the emergence of smart cities. However, the high cost of these simulators and reducing subsidies are the restraining factor for the growth of the market.
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A solar simulator (also known as the artificial sun) is a device that gives illumination of natural sunlight or is used to simulate the solar irradiance and spectrum. Its purpose is to provide a controllable indoor test facility under laboratory conditions, used for the testing of solar cells, sunscreen, plastics, and other different materials and devices. It consists of three significant components: light source, related power supply optics, and filters required to adjust the output beam to meet the classification requirements. They are used for the testing of solar cells, sunscreen, plastics, and other devices. This technology can be used to accurately gauge the effects of the sun’s ultraviolet light over a number of years.
By the light source, the xenon arc lamp segment is expected to grow at the significant market share during the forecast period due to the proven technology, reliable yield, and better spectrum, required for illuminating the sample being tested. They are mostly utilized in the solar industry for testing PV cells and modules. It is a highly specialized type of gas discharge lamp, an electric light that produces light by passing electricity through ionized xenon gas at high pressure. It produces a bright white light that closely mimics natural sunlight, with applications in movie projectors in theatres, in searchlights, and for specialized uses in industry and research to simulate sunlight, often for product testing. They produce light by passing electricity through ionized xenon gas at high pressure.
Based on the application, PV cell/module segment is expected to grow at the significant market share during the forecast period as these devices are used to test the health and operability of PV cells/modules and PV materials used in the manufacturing of PV cells. It is a specialized semiconductor diode that converts the visible light into direct current (DC). Class AAA solar simulator is the most preferred one for PV cell/module testing among the manufacturers as it provides higher accuracy and efficiency over other types. Some of these cells can also convert infrared (IR) or ultraviolet (UV) radiation into DC electricity.
On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the growing solar energy market, the utilization of stringent green energy guidelines across significant Asian countries, and the constant government support for the improvement and commercialization of advanced PV technologies and the growing market for SPF and UV resistance products.
Some of the key players in Solar Simulator Market include Abet Technologies Inc, Asahi Spectra Co Ltd, Iwasaki Electric Co Ltd, Newport Corporation, OAI, Sciencetech Inc, Solar Light Company, Spectrolab Inc, Spire Solar LLC and Wacom Electric Co Ltd.