May 10, 2017   SOURCE: BusinessWire

Solar Simulator Market by Dimension, Light Source, Application - Global Forecast to 2022 - Key Vendors are Newport Corporation, Meyer Burger, Gsolar Power, Spire Solar & Solar Light Company - Research and Markets

Research and Markets has announced the addition of the "Solar Simulator Market - Global Forecast to 2022" report to their offering.

The solar simulator market is expected to be valued at USD 8.44 billion by 2022, growing at a CAGR of 6.5% between 2017 and 2022.

The market growth can be attributed to the increasing adoption of green energy and emergence of smart cities, supportive government policies, initiatives, and the increasing demand for solar systems in residential applications. However, the high cost of solar simulators acts as a major restraint for the market. Evolving solar industry and decreasing costs of solar systems and energy storage devices act as an opportunity for the solar simulator market. The solar simulator market is in maturity phase; the companies in the solar simulator market are undergoing extensive research and development (R&D) to develop a technically advanced solar simulator with product differentiation to tap the solar simulator market and gain a competitive edge over others.

The Class AAA solar simulation according to the IEC 60904-9, ASTM E927, and JIS C8912 standards allows customers to perform tests with the highest precision. A Class AAA solar simulator finds its major application in test laboratories, PV manufacturing industries, and in universities. Class AAA solar simulators are mostly used in photobiology, biomedical, solar cell testing, cosmetic testing, and paints and coatings analysis. The growing market for photovoltaics (PV) due to increasing energy requirement and increased government funding to promote solar energy generation is expected to drive the Class AAA solar simulator market during the forecast period.

Companies Mentioned

  • Abet Technologies, Inc.
  • Asahi Spectra Co., Ltd.
  • Endeas OY
  • Gsolar Power Co., Ltd.
  • Iwasaki Electric Co., Ltd.
  • Meyer Burger Technology AG
  • Newport Corporation
  • Nisshinbo Mechatronics, Inc.
  • OAI
  • Sciencetech, Inc.
  • Solar Light Company
  • Spectrolab Inc.
  • Spire Solar, LLC
  • Wacom Electric Co., Ltd.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Insights

7 Solar Simulator Market, By Dimension

8 Solar Simulator Market, By Light Source

9 Solar Simulator Market, By Application

10 Regional Analysis

11 Competitive Landscape

12 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/6c552w/solar_simulator