Curve Tracer Market Share

APAC Market Forecast

The Asia Pacific curve tracer market is estimated to gather the highest market share of about 35% over the coming years. The major factor influencing the market growth in this region is the growing consumption of solar energy. Asia's solar energy capacity was estimated to be about 603 thousand megawatts in 2022. Compared to 2013, when Asia's solar energy capacity was roughly 35 thousand megawatts, this represented a huge growth. I-V curve tracers are commonly used to detect and record temperature and irradiance in order to counteract the effects of external factors including temperature and irradiation. These readings are then converted to STC, allowing for an accurate comparison with the PV module specification.

European Market Analysis

The Europe curve tracer market is set to have significant growth over the forecast period. The major element to influence the market expansion in this region is the rising demand for autonomous vehicles in this region. Moreover, significant market expansion is expected in the UK, France, and Germany throughout the projection period as a result of the end-use industries' rapid expansion in the medical, aerospace, and defense sectors. Additionally, various key players are launching advanced features curve tracers is this region which is also boosting the market expansion. Furthermore, technological developments including higher screen resolutions, more powerful data processing tools, and wireless networking alternatives should propel the curve tracer market expansion in the region.