Global Solar Simulator Industry

Global Solar Simulator Industry

  • October 2019 •
  • 195 pages •
  • Report ID: 5799688 •
  • Format: PDF
Solar Simulator market worldwide is projected to grow by US$3.3 Billion, driven by a compounded growth of 6.2%. Class AAA, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$4.7 Billion by the year 2025, Class AAA will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 7.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$153.1 Million to the region’s size and clout in the next 5 to 6 years. Over US$155.6 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Class AAA will reach a market size of US$390.3 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6% over the next couple of years and add approximately US$575.1 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others, Abet Technologies, Inc.; Asahi Spectra Co., Ltd.; Endeas Oy; Iwasaki Electric Co., Ltd.; Meyer Burger Technology Ltd.; Newport Corporation; Nisshinbo Mechatronics, Inc.; OAI; Sciencetech-Inc.; Solar Light Company, Inc.; Spectrolab, Inc.; Wacom Electric Co., Ltd.