Solar Wafer Testing Equipment Market Scope
Solar wafer testing equipment devices that measure solar output. These measurements are used to calculate the overall energy, efficiency, and placement of solar energy systems. The increasing need to improve the efficiency of solar cells and PV modules are the factors driving the global solar wafer testing equipment market growth.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Ooitech (China), Tektronix (United States), SolarEdge Technologies Inc. (Israel), Rohde & Schwarz (Germany), Newport Corporation (United States), CONRES TEST EQUIPMENT (United States), Agilent Technologies (United States), Keysight Technologies (United States), National Instruments (United States) and Aescusoft GmbH Automation (Germany) |
CAGR | % |
Global Solar Wafer Testing Equipment is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Ooitech (China), Tektronix (United States), SolarEdge Technologies Inc. (Israel), Rohde & Schwarz (Germany), Newport Corporation (United States), CONRES TEST EQUIPMENT (United States), Agilent Technologies (United States), Keysight Technologies (United States), National Instruments (United States) and Aescusoft GmbH Automation (Germany) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Solar Wafer Testing Equipment market by Type (Solar Wafer Life Time Analyser, Solar Wafer Material Properties Analyser, Resistivity Inspector for Solar Wafer and Solar Wafer Vision Inspector), by Application (Industrial and Commercial) and Region with country level break-up.
On the basis of geography, the market of Solar Wafer Testing Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
17th February 2022, Agilent Technologies acquired advanced artificial intelligence (AI) technology developed by Virtual Control, an AI and machine learning software developer that creates innovative analysis solutions in lab testing. The acquisition helps Agilent to obtain the software and other assets associated with ACIES.
On 16th December 2021, SolarEdge Technologies Inc. launched new power optimizers for residential photovoltaics. The optimizers are available in two versions that can be used with modules of up to 440 W and 500W. The devices have an efficiency of 99.5% and come with a 25-year guarantee. As well as the device support high-power M10 and G12 PV modules, bifacial products, and panels with high input current of up to 15 A.
Market Trend
- Demand for Customized Test Equipment
- Introduction of Innovative Technologies for Solar Power Generation
Market Drivers
- Consumer's Goal of achieving ever Increasing Solar Cell Efficiency
- Increasing Application of Solar Wafer Testing Equipment to Reduced Cost
Opportunities
- The Rising Demand for Solar Power and its Implementation can create Opportunities for the Market Growth
- Government Initiatives help to the usage of Renewable Energy Sources
Restraints
- Fluctuation in Raw Material Prices
Challenges
- Lack of Standards and Regulatory Guidelines in the Industry
Key Target Audience
Solar Wafer Testing Equipment Manufacturers, Solar Wafer Testing Equipment Suppliers and Distributors, Regulatory Bodies, New Entrants, Potential Investors, Research and Development Institutes and Others