Solar energy has become a prominent renewable energy source (RES) worldwide, along with wind energy and wave energy. The utilization of solar energy covers nowadays finds many application such as: domestic hot water (DHW) production, space heating, and pool heating, and even cooling, by the means of systems. Moreover, solar energy could be employed for the electricity generation, such in the case of photovoltaic (PV) panels mounted on buildings or used for stand-alone applications. A solar simulator (also artificial sun) is a device that provides illumination of natural sunlight. The purpose of the solar simulator is to provide a controllable indoor test facility under laboratory conditions, utilized for the testing of solar cells, sun screen, plastics, and other materials and devices. A solar simulator consists of three major components: light source, associated power supply optics, and filters required to modify the output beam to meet the classification requirements.
The optical layout of a solar simulator varies including: the type and number of light sources employed, the area of illumination generated, the spectral output generated, etc. Considering the basic solar simulators type there are majorly greater areas between manufacturers such as parabolic reflector, mixing mirror, IR clipping filter. High power solar simulators utilize ellipsoidal reflectors to capture light from an arc lamp source (usually xenon) inside the reflectors, an arrangement that results in a light pattern with a bright outer region and a dark center.
Based on the by type solar simulators can be classified into class AAA, class ABA, and Class ABB. Class AAA type solar simulators are mostly used in photobiology, biomedical, and solar cell testing. The other two major classifications are based on by type and lamp wattage. In terms of type of lamp, the solar simulator market can be segmented into LED and Xenon. The Xenon arc lamp segment is expected to expand during the forecast period due to the supported technology, output consistency, and better range, needed for illuminating samples that are tested. In terms of application, the solar simulator market can be segmented into PV cell/module and materials testing, UV testing of materials and products, automotive testing, biomass study, and others.
The PV requirements for utility, residential, and nonresidential applications are anticipated to drive the expansion of the solar simulator market. Other expansion opportunities are due to the simulator devices, which are also utilized to test the health and operability of PV modules and PV materials employed in manufacturing.
APAC is a key region for the solar simulator market, and is anticipated to expand similarly during the forecast period. The countries in Asia and their governments’ support for the development and commercialization of advanced PV technologies supporting the overall market growth. The solar simulators use a single lamp design to meet Class A requirements for not one or two, but all three performance criteria without compromising their output power. The temperature sensors and interlocks ensures the operator safety.
Key companies operating in the solar simulators market are Newport Corporation, Meyer Burger Technology, Gsolar power company limited, Spire solar, Solar Light Company, Abet Technologies Inc., and Spectrolab Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.