REPORT DESCRIPTION
Solar energy is a global , dynamic , and innovative market . Under the solar energy system , the rays of sun are converted into electricity . Solar energy is a rapidly growing renewable source of power generation across the globe . Solar energy systems can be installed at residential , commercial , and industrial facilities for off-grid power generation . Electricity can also be produced through solar energy at utility scale through solar power plants . Photovoltaic cells ( PV ) are the major components of the solar energy system . PV power plants need to be tested and characterized to meet design requirements at both the component and systems level in order to ensure the desired long term performance . A good understanding of test and characterization techniques and equipment is required in the area of solar PV modules , Balance of Systems Components , and PV systems .
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The global solar testing and characterization market can be segmented based on type , application , and geography . In terms of type , the market can be broadly divided into the following categories : functional testing , performance ( efficiency ) testing , durability testing , and certification ( safety and compliance ) services . Based on application , the global solar testing and characterization market can be broadly segmented into PV modules , Balance of Systems components , and PV systems . PV modules can be further sub-segmented into flat panel PV modules and concentrated PV modules .
The solar testing and characterization market is driven by factors such as increase in demand for solar power , innovative technologies for solar power generation , and rise in need to improve efficiency of solar cells and PV modules . Various companies across the globe are investing significantly in the solar energy industry . Thus , companies and organizations are striving to come up with innovative methods to improve the efficiency of solar cells and streamline the standards for solar power systems . The high number of unauthorized players operating in the solar energy industry has also increased the demand for quality and efficiency checks and standards . This , in turn , is