Market Highlights —
Solar charge controllers also called as solar regulators. It is applied on 12V batteries, because this voltage is most commonly used in isolated solar systems. Over the past few years, usage of solar power utilization is increased significantly and is expected to grow rapidly in the coming years. As cleanest and more sustainable energy, solar energy system is familiar with a wide variety of applications like domestic, commercial and industrial applications.
Solar Charger Controllers Market for segment on the basis of type, end user and end-use in the regions of North America, Europe, APAC and Rest of the World. On the basis of type, it is segmented into MPPT (Maximum Power Point Tracking) and PWM (Pulse Width Modulation). PWM and MPPT charge controllers are both widely used to charge batteries with solar power. The MPPT controller is the solution of choice for higher power systems. MPPT is the latest technology meant to extract maximum from the solar panel. They operate according to the panel voltage and converts extra voltage of panel into current which increases the output from the solar system. The PWM charge controller is the most common, least expensive, and easiest to deploy solar charge controller technology. It acts as a good low cost solution for small systems. On the basis of end user, it is categorized into residential and non-residential. Non-residential segment dominated the solar charge controllers market. With numerous government initiatives, implementing energy management systems (EMS) and inverters with solar PV panels on non-residential buildings acts as major driver for the growth of solar regulators.
Global Solar Charge Controllers Market is forecasted at approximately 15.02%.CAGR
Key players in the global solar charger controllers market are
Luminous India (India),
Schneider Electric (France),
Su-Kam Power Systems (India),
Arise India (India),
Delta Electronics (India),
Sungrow Power Supply Co., Ltd (China),
Victron Energy (Netherlands)
Beijing Epsolar Technology Co., Ltd (China).
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Asia pacific will be the largest Market
Asia-Pacific is one of the largest markets for solar charge controllers in the world. There is an increasing demand for energy because of the growing population and rising disposable income in the region. Moreover, these rapidly growing economies in this region are also the top polluters in the world. Solar energy is identified as the best replacement to other conventional fossil fuel energy sources and is used to reduce carbon emission by effectively meeting the electricity needs.
Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Solar Charge Controllers Market, By Type
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List of Tables
Table 1 Global Solar Charge Controllers Market, By Type
Table 2 Global Solar Charge Controllers Market, By End-User
Table 3 Global Solar Charge Controllers Market, By Regions
Table 4 North America Solar Charge Controllers Market, By Type
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Release ID: 254211