Market Overview:
The global solar light simulator market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for solar energy across the globe and rising awareness about the benefits of using solar energy. In addition, government initiatives and subsidies for promoting solar energy are also contributing to the growth of this market. The global solar light simulator market is segmented on the basis of type, application, and region. On the basis of type, it is divided into AAA class, ABA class, and others. The AAA class segment dominates this market owing to its high efficiency in simulating sunlight conditions. On the basis of application, it is classified into solar battery production and scientific research & development (R&D).
Product Definition:
Solar light simulators are devices that emit spectral radiation similar to sunlight. They are used to test the performance of solar cells and modules under simulated sunlight conditions.
AAA Class:
The American Association of Advertising Agencies (4A's) was established in the year 1954. It is a non-profit, self-regulatory body that aims to regulate and improve advertising practices in the U.S. The association has over 1,500 members which include agencies as well as companies involved in various stages of advertising and public relations business such as JWT, DDB Needham, BBDO etc.
ABA Class:
ABA Class is a standard class for rating the quality of solar light simulators. It was developed by the American Lighting Association (ALA) and published in their journal in June 2012. The ABA has established this standard to rate products based on their ability to produce an attractive visual display, which is also useful for advertising. This classification helps manufacturers compare products and set standards for themselves as well as other players in the market.
Application Insights:
The solar battery production application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for clean energy sources, such as solar light simulators, across residential and commercial sectors in various regions including North America, Latin America, Europe, Asia Pacific and Middle East & Africa.
Solar battery production requires large areas of land with high sunlight exposure for growing plants that produce electricity from photovoltaic cells or panels installed onsite. Growing demand for renewable sources of energy has resulted in increased installation of these systems across residential and commercial buildings worldwide due to their zero-maintenance cost feature along with ease of use & installation benefits offered by these devices over other forms of lighting such as fluorescent or incandescent lamps used commonly before LED lights were introduced into the market place globally.
Regional Analysis:
Asia Pacific regional solar light simulator market is anticipated to grow at the highest CAGR of XX% from 2018 to 2030. This growth can be attributed to various factors such as increasing awareness among people about the benefits of using these simulators and their rising disposable income. In addition, government initiatives for setting up artificial lighting in rural areas are expected to drive demand in this region. For instance, The Government of India has planned a distribution network for lighting systems that includes nationalized banks, HDFC Bank Ltd., and State Bank Of India amongst others.
North America accounted for more than 25% share in 2017 owing to high adoption rates observed amongst educational institutes.
Growth Factors:
- Increasing demand for solar light simulators from the research and development sector for product development and testing purposes
- Rising popularity of solar energy among consumers, which is driving the demand for solar light simulators
- Growing awareness about the benefits of using solar light simulators among businesses and homeowners
- Technological advancements in the field of solar energy that are resulting in better and more efficient products being launched in the market
- Government initiatives to promote use of renewable energy sources such as solar energy that is aiding in growth of Solar Light Simulators market
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Light Simulators Market Research Report
By Type
AAA Class, ABA Class, Others
By Application
Solar Battery Production, Scientific Research
By Companies
Newport, Gsolar, OAI, Shanghai Hi-Show, Atonometrics, Photo Emission Tech, Solar Light, Spectrolab, IWASAKI ELECTRIC, Sciencetech, Newport, Yamashita Denso, San-Ei Electric, Peccell Technologies, Wacom Electric, Zolix
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Solar Light Simulators Market Report Segments:
The global Solar Light Simulators market is segmented on the basis of:
Types
AAA Class, ABA Class, Others
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
Solar Battery Production, Scientific Research
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:
- Newport
- Gsolar
- OAI
- Shanghai Hi-Show
- Atonometrics
- Photo Emission Tech
- Solar Light
- Spectrolab
- IWASAKI ELECTRIC
- Sciencetech
- Newport
- Yamashita Denso
- San-Ei Electric
- Peccell Technologies
- Wacom Electric
- Zolix
Highlights of The Solar Light Simulators 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:
- AAA Class
- ABA Class
- Others
- By Application:
- Solar Battery Production
- Scientific Research
- 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 Light Simulators 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 light simulators are devices that create an artificial sunlight environment. They can be used to simulate natural sunlight for use in indoor environments, such as offices and factories.
Some of the major players in the solar light simulators market are Newport, Gsolar, OAI, Shanghai Hi-Show, Atonometrics, Photo Emission Tech, Solar Light, Spectrolab, IWASAKI ELECTRIC, Sciencetech, Newport, Yamashita Denso, San-Ei Electric, Peccell Technologies, Wacom Electric, Zolix.
The solar light simulators 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 Light Simulators 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 Light Simulators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solar Light Simulators 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 Light Simulators 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 Light Simulators Market Size & Forecast, 2018-2028
4.5.1 Solar Light Simulators Market Size and Y-o-Y Growth
4.5.2 Solar Light Simulators Market Absolute $ Opportunity
Chapter 5 Global Solar Light Simulators 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 Solar Light Simulators Market Size Forecast by Type
5.2.1 AAA Class
5.2.2 ABA Class
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Solar Light Simulators 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 Solar Light Simulators Market Size Forecast by Applications
6.2.1 Solar Battery Production
6.2.2 Scientific Research
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solar Light Simulators 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 Light Simulators 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 Solar Light Simulators Analysis and Forecast
9.1 Introduction
9.2 North America Solar Light Simulators 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 Solar Light Simulators Market Size Forecast by Type
9.6.1 AAA Class
9.6.2 ABA Class
9.6.3 Others
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 Solar Light Simulators Market Size Forecast by Applications
9.10.1 Solar Battery Production
9.10.2 Scientific Research
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 Solar Light Simulators Analysis and Forecast
10.1 Introduction
10.2 Europe Solar Light Simulators 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 Solar Light Simulators Market Size Forecast by Type
10.6.1 AAA Class
10.6.2 ABA Class
10.6.3 Others
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 Solar Light Simulators Market Size Forecast by Applications
10.10.1 Solar Battery Production
10.10.2 Scientific Research
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 Solar Light Simulators Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Solar Light Simulators 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 Solar Light Simulators Market Size Forecast by Type
11.6.1 AAA Class
11.6.2 ABA Class
11.6.3 Others
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 Solar Light Simulators Market Size Forecast by Applications
11.10.1 Solar Battery Production
11.10.2 Scientific Research
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 Solar Light Simulators Analysis and Forecast
12.1 Introduction
12.2 Latin America Solar Light Simulators 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 Solar Light Simulators Market Size Forecast by Type
12.6.1 AAA Class
12.6.2 ABA Class
12.6.3 Others
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 Solar Light Simulators Market Size Forecast by Applications
12.10.1 Solar Battery Production
12.10.2 Scientific Research
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) Solar Light Simulators Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Solar Light Simulators 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) Solar Light Simulators Market Size Forecast by Type
13.6.1 AAA Class
13.6.2 ABA Class
13.6.3 Others
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) Solar Light Simulators Market Size Forecast by Applications
13.10.1 Solar Battery Production
13.10.2 Scientific Research
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 Light Simulators Market: Competitive Dashboard
14.2 Global Solar Light Simulators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Newport
14.3.2 Gsolar
14.3.3 OAI
14.3.4 Shanghai Hi-Show
14.3.5 Atonometrics
14.3.6 Photo Emission Tech
14.3.7 Solar Light
14.3.8 Spectrolab
14.3.9 IWASAKI ELECTRIC
14.3.10 Sciencetech
14.3.11 Newport
14.3.12 Yamashita Denso
14.3.13 San-Ei Electric
14.3.14 Peccell Technologies
14.3.15 Wacom Electric
14.3.16 Zolix
