Solar Simulator Market to Reach $364.6 Mn, Globally, by 2031 at 5.8% CAGR: Allied Market Research
PORTLAND, Ore, July 13, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Solar Simulator Market by Type (Steady State, Pulsed), by Light Source (Xenon Arc Lamp, Metal Halide Arc Lamp, UV Lamp, QTH Lamp, LED Lamp), by Application (PV Cell Module and Material Testing, UV Testing of Materials and Products, Automotive Testing, Biomass Study, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report published by Allied Market Research, the global solar simulator industry was estimated at $203.6 million in 2021 and is expected to hit $364.6 million by 2031, registering a CAGR of 5.8% from 2022 to 2031.
- According to the report published by Allied Market Research, the global solar simulator industry was estimated at $203.6 million in 2021 and is expected to hit $364.6 million by 2031, registering a CAGR of 5.8% from 2022 to 2031.
- Surge in demand for UV protection testing devices such as solar simulators from industries including healthcare, pharmaceutical, environmental science, and others propel the growth of the global solar simulator market.
- Based on type, the pulsed segment held the major share in 2021, generating nearly three-fifths of the global solar simulator market.
- Based on region, the market across Europe accounted for the major share in 2021, contributing to more than two-fifths of the global solar simulator market.