Market Overview:
The global solar cell test equipment market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for solar cells across the globe, coupled with the rising investments in research and development (R&D) activities for new and innovative technologies in this field. The electrochemical test equipment segment is expected to hold a major share of the global solar cell test equipment market during the forecast period, owing to its ability to measure various electrical parameters of a solar cell accurately. The optical test equipment segment is projected to grow at a higher CAGR than other segments during the forecast period, as it helps identify defects or faults in photovoltaic cells using optical techniques. Geographically, North America is estimated to account for a major share of the global solar cell test equipment market in 2018, followed by Europe and Asia Pacific.
Product Definition:
Solar Cell Test Equipment is a device used to measure the performance of solar cells. Its importance lies in the fact that it allows manufacturers to test and certify solar cells, ensuring that they meet certain standards.
Electrochemical Test Equipment:
Electrochemical test equipment is used for testing the electrical & physical properties of an electrolyte in a battery. It includes various tools and meters that are used to measure specific parameters such as ionic mobility, oxidation-reduction potential, and conductivity. The most commonly used tool is ammeter which helps in measuring current density (I) while other instruments include coulomb meter, potentiometer, and voltameter among others.
Optical Test Equipment:
Optical test equipment is used to check the quality of wafers during the manufacturing process. It helps in identifying defects and analyzing performance issues of solar cell modules. Optical test equipment consists of light source, detector, and analyzer which are used for testing various aspects such as uniformity, absorption coefficient & reflectivity among others under a single module or across multiple modules.
Application Insights:
The others application segment includes energy, electronics and medical applications. The others segment dominated the global solar cell test equipment market in 2017, accounting for over 40% of the overall revenue share. This is attributed to growing demand from various end-use industries including automotive, consumer electronics and healthcare.
Laboratories are expected to be one of the fastest-growing segments owing to increasing R&D activities pertaining to renewable energy generation techniques such as solar cells and wind turbines across several countries globally. In addition, a rise in government funding for research activities related to renewable energy generation is anticipated fuel industry growth over the forecast period.
Regional Analysis:
Asia Pacific regional solar cell test equipment market is anticipated to grow at the highest CAGR over the forecast period. This growth can be attributed to increasing government funding for R&D in this field and rising adoption of alternative energy sources in countries such as China, Japan, South Korea, India and Australia. In addition, growing demand for consumer electronics products such as smartphones and tablets is expected to drive the demand for testing equipment across this region.
The European regional market accounted for a significant share of revenue share in 2017 owing to high investments made by governments towards development of renewable energy infrastructure coupled with favorable government policies aimed at reducing carbon footprint associated with electricity generation sector. Moreover, presence of key companies involved in manufacturing solar cells will propel industry growth over next eight years.
North America held a substantial revenue share within global solar cell test equipment market due to large-scale adoption witnessed by U.S.
Growth Factors:
- Increasing demand for solar energy: The global demand for solar energy is increasing rapidly due to the growing awareness of the benefits of using renewable energy sources and the need to reduce greenhouse gas emissions. This is driving the growth of the solar cell test equipment market.
- Technological advancements: The development of new and innovative technologies in the solar cell testing sector is aiding in faster and more accurate testing, which is resulting in increased adoption of these products.
- Rising investments in renewable energy: Governments and private investors are increasingly allocating funds towards renewable energy projects, thereby propelling growth prospects for solar cell test equipment market players.
- Growing number of installations: With a rise in installations, there will be an increase in demand for quality assurance services, thus providing opportunities for growth within this market segment during forecast period 2019-2025 . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Cell Test Equipment Market Research Report
By Type
Electrochemical Test Equipment, Optical Test Equipment
By Application
Laboratories, Automotive, Industrial, Others
By Companies
Guangdong Bell Experiment Equipment, AMETEK, Ossila, Chroma Group, Newport, ZwickRoell
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Solar Cell Test Equipment Market Report Segments:
The global Solar Cell Test Equipment market is segmented on the basis of:
Types
Electrochemical Test Equipment, Optical Test Equipment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Laboratories, Automotive, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Guangdong Bell Experiment Equipment
- AMETEK
- Ossila
- Chroma Group
- Newport
- ZwickRoell
Highlights of The Solar Cell Test Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electrochemical Test Equipment
- Optical Test Equipment
- By Application:
- Laboratories
- Automotive
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solar Cell Test Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Solar cell test equipment is a device used to measure the performance of solar cells. Solar cell test equipment can include a variety of sensors to measure various aspects of the solar cells, such as voltage, current, and power output.
Some of the key players operating in the solar cell test equipment market are Guangdong Bell Experiment Equipment, AMETEK, Ossila, Chroma Group, Newport, ZwickRoell.
The solar cell test equipment market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solar Cell Test Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Solar Cell Test Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solar Cell Test Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Solar Cell Test Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Solar Cell Test Equipment Market Size & Forecast, 2020-2028
4.5.1 Solar Cell Test Equipment Market Size and Y-o-Y Growth
4.5.2 Solar Cell Test Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electrochemical Test Equipment
5.2.2 Optical Test Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Laboratories
6.2.2 Automotive
6.2.3 Industrial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solar Cell Test Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Solar Cell Test Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electrochemical Test Equipment
9.6.2 Optical Test Equipment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Laboratories
9.10.2 Automotive
9.10.3 Industrial
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electrochemical Test Equipment
10.6.2 Optical Test Equipment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Laboratories
10.10.2 Automotive
10.10.3 Industrial
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electrochemical Test Equipment
11.6.2 Optical Test Equipment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Laboratories
11.10.2 Automotive
11.10.3 Industrial
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electrochemical Test Equipment
12.6.2 Optical Test Equipment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Laboratories
12.10.2 Automotive
12.10.3 Industrial
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electrochemical Test Equipment
13.6.2 Optical Test Equipment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Laboratories
13.10.2 Automotive
13.10.3 Industrial
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Solar Cell Test Equipment Market: Competitive Dashboard
14.2 Global Solar Cell Test Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Guangdong Bell Experiment Equipment
14.3.2 AMETEK
14.3.3 Ossila
14.3.4 Chroma Group
14.3.5 Newport
14.3.6 ZwickRoell
