Global Solar Simulator Market 2024-2028

The solar simulator market is forecasted to grow by USD 131.4 mn during 2023-2028, accelerating at a CAGR of 6.4% during the forecast period. The report on the solar simulator market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by launch of new solar simulators, growing demand for portable solar simulator, and increasing solar simulator for aerospace applications.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5%
CAGR	6.4%
Incremental Value	$131.4 mn

Technavio's solar simulator market is segmented as below:

By Type

Class A solar simulators
Class B solar simulators
Class C solar simulators

By Source

Xenon lamps
Metal halide lamps
LEDs
Others

By Geographical Landscape

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the innovation in solar simulators as one of the prime reasons driving the solar simulator market growth during the next few years. Also, high demand for customized solutions and rapid advancement in photovoltaic (PV) technologies will lead to sizable demand in the market.

The report on the solar simulator market covers the following areas:

Solar Simulator Market sizing
Solar Simulator Market forecast
Solar Simulator Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar simulator market vendors that include Abet Technologies Inc., ADTEC Engineering Co. Ltd., AMETEK Programmable Power Inc., Angstrom Designs Inc., Asahi Spectra Co Ltd, Ecoprogetti srl, Endeas Oy, Eternal Sun B.V., G2V Optics Inc, Gsolar Power Co. Ltd, InfinityPV, Iwasaki Electric Co. Ltd., Lumartix SA, Meyer Burger Technology AG, Newport Corp., OAI, Ossila Ltd., and Peccell Technologies Inc.. Also, the solar simulator market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR80298

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Source
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value Chain Analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2023
4.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

5 Historic Market Size

5.1 Global Solar Simulator Market 2018 - 2022
- Historic Market Size - Data Table on Global Solar Simulator Market 2018 - 2022 ($ million)
5.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
5.3 Source segment analysis 2018 - 2022
- Historic Market Size - Source Segment 2018 - 2022 ($ million)
5.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
5.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

6 Qualitative Analysis

6.1 Impact of AI on the global solar simulator market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
7.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

8 Market Segmentation by Type

8.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
8.3 Class A solar simulators - Market size and forecast 2023-2028
- Chart on Class A solar simulators - Market size and forecast 2023-2028 ($ million)
- Data Table on Class A solar simulators - Market size and forecast 2023-2028 ($ million)
- Chart on Class A solar simulators - Year-over-year growth 2023-2028 (%)
- Data Table on Class A solar simulators - Year-over-year growth 2023-2028 (%)
8.4 Class B solar simulators - Market size and forecast 2023-2028
- Chart on Class B solar simulators - Market size and forecast 2023-2028 ($ million)
- Data Table on Class B solar simulators - Market size and forecast 2023-2028 ($ million)
- Chart on Class B solar simulators - Year-over-year growth 2023-2028 (%)
- Data Table on Class B solar simulators - Year-over-year growth 2023-2028 (%)
8.5 Class C solar simulators - Market size and forecast 2023-2028
- Chart on Class C solar simulators - Market size and forecast 2023-2028 ($ million)
- Data Table on Class C solar simulators - Market size and forecast 2023-2028 ($ million)
- Chart on Class C solar simulators - Year-over-year growth 2023-2028 (%)
- Data Table on Class C solar simulators - Year-over-year growth 2023-2028 (%)
8.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

9 Market Segmentation by Source

9.1 Market segments
- Chart on Source - Market share 2023-2028 (%)
- Data Table on Source - Market share 2023-2028 (%)
9.2 Comparison by Source
- Chart on Comparison by Source
- Data Table on Comparison by Source
9.3 Xenon lamps - Market size and forecast 2023-2028
- Chart on Xenon lamps - Market size and forecast 2023-2028 ($ million)
- Data Table on Xenon lamps - Market size and forecast 2023-2028 ($ million)
- Chart on Xenon lamps - Year-over-year growth 2023-2028 (%)
- Data Table on Xenon lamps - Year-over-year growth 2023-2028 (%)
9.4 Metal halide lamps - Market size and forecast 2023-2028
- Chart on Metal halide lamps - Market size and forecast 2023-2028 ($ million)
- Data Table on Metal halide lamps - Market size and forecast 2023-2028 ($ million)
- Chart on Metal halide lamps - Year-over-year growth 2023-2028 (%)
- Data Table on Metal halide lamps - Year-over-year growth 2023-2028 (%)
9.5 LEDs - Market size and forecast 2023-2028
- Chart on LEDs - Market size and forecast 2023-2028 ($ million)
- Data Table on LEDs - Market size and forecast 2023-2028 ($ million)
- Chart on LEDs - Year-over-year growth 2023-2028 (%)
- Data Table on LEDs - Year-over-year growth 2023-2028 (%)
9.6 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
9.7 Market opportunity by Source
- Market opportunity by Source ($ million)
- Data Table on Market opportunity by Source ($ million)

10 Customer Landscape

10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

11 Geographic Landscape

11.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
11.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
11.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
11.4 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
11.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
11.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
11.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
11.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
11.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
11.10 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
11.11 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
11.12 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
11.13 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
11.14 South Korea - Market size and forecast 2023-2028
- Chart on South Korea - Market size and forecast 2023-2028 ($ million)
- Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
- Chart on South Korea - Year-over-year growth 2023-2028 (%)
- Data Table on South Korea - Year-over-year growth 2023-2028 (%)
11.15 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
11.16 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
11.17 Italy - Market size and forecast 2023-2028
- Chart on Italy - Market size and forecast 2023-2028 ($ million)
- Data Table on Italy - Market size and forecast 2023-2028 ($ million)
- Chart on Italy - Year-over-year growth 2023-2028 (%)
- Data Table on Italy - Year-over-year growth 2023-2028 (%)
11.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

12 Drivers, Challenges, and Opportunity/Restraints

12.1 Market drivers
12.2 Market challenges
12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
12.4 Market opportunities/restraints

13 Competitive Landscape

13.1 Overview
13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
- Overview on factors of disruption
13.4 Industry risks
- Impact of key risks on business

14 Competitive Analysis

14.1 Companies profiled
- Companies covered
14.2 Company ranking index
- Company ranking index
14.3 Market positioning of companies
- Matrix on companies position and classification
14.4 Abet Technologies Inc.
- Abet Technologies Inc. - Overview
- Abet Technologies Inc. - Product / Service
- Abet Technologies Inc. - Key offerings
- SWOT
14.5 ADTEC Engineering Co. Ltd.
- ADTEC Engineering Co. Ltd. - Overview
- ADTEC Engineering Co. Ltd. - Product / Service
- ADTEC Engineering Co. Ltd. - Key offerings
- SWOT
14.6 AMETEK Programmable Power Inc.
- AMETEK Programmable Power Inc. - Overview
- AMETEK Programmable Power Inc. - Product / Service
- AMETEK Programmable Power Inc. - Key offerings
- SWOT
14.7 Angstrom Designs Inc.
- Angstrom Designs Inc. - Overview
- Angstrom Designs Inc. - Product / Service
- Angstrom Designs Inc. - Key offerings
- SWOT
14.8 Asahi Spectra Co Ltd
- Asahi Spectra Co Ltd - Overview
- Asahi Spectra Co Ltd - Product / Service
- Asahi Spectra Co Ltd - Key offerings
- SWOT
14.9 Endeas Oy
- Endeas Oy - Overview
- Endeas Oy - Product / Service
- Endeas Oy - Key offerings
- SWOT
14.10 G2V Optics Inc
- G2V Optics Inc - Overview
- G2V Optics Inc - Product / Service
- G2V Optics Inc - Key offerings
- SWOT
14.11 Gsolar Power Co. Ltd
- Gsolar Power Co. Ltd - Overview
- Gsolar Power Co. Ltd - Product / Service
- Gsolar Power Co. Ltd - Key offerings
- SWOT
14.12 InfinityPV
- InfinityPV - Overview
- InfinityPV - Product / Service
- InfinityPV - Key offerings
- SWOT
14.13 Iwasaki Electric Co. Ltd.
- Iwasaki Electric Co. Ltd. - Overview
- Iwasaki Electric Co. Ltd. - Product / Service
- Iwasaki Electric Co. Ltd. - Key offerings
- SWOT
14.14 Lumartix SA
- Lumartix SA - Overview
- Lumartix SA - Product / Service
- Lumartix SA - Key offerings
- SWOT
14.15 Meyer Burger Technology AG
- Meyer Burger Technology AG - Overview
- Meyer Burger Technology AG - Business segments
- Meyer Burger Technology AG - Key offerings
- Meyer Burger Technology AG - Segment focus
- SWOT
14.16 Newport Corp.
- Newport Corp. - Overview
- Newport Corp. - Product / Service
- Newport Corp. - Key offerings
- SWOT
14.17 Ossila Ltd.
- Ossila Ltd. - Overview
- Ossila Ltd. - Product / Service
- Ossila Ltd. - Key offerings
- SWOT
14.18 Peccell Technologies Inc.
- Peccell Technologies Inc. - Overview
- Peccell Technologies Inc. - Product / Service
- Peccell Technologies Inc. - Key offerings
- SWOT

15 Appendix

15.1 Scope of the report
15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
15.3 Currency conversion rates for US$
- Currency conversion rates for US$
15.4 Research methodology
- Research methodology
15.5 Data procurement
- Information sources
15.6 Data validation
- Data validation
15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
15.8 Data synthesis
- Data synthesis
15.9 360 degree market analysis
- 360 degree market analysis
15.10 List of abbreviations
- List of abbreviations
- Strong operational management
- Stable market performance
- Stable customer base
- Strong market position
- Stable customer base
- Strong market position
- Stable market performance
- Growing demand for the market
- Strong operational management
- Stable market performance
- Efficient operational processes
- Enhancement of alliances and partnerships
- Strong market position
- Stable market performance
- Strong market position
- Expansion of service business
- Efficient operational processes
- Strong operational management
- Growing demand for the market
- Efficient operational processes