Solar Charge Controller Market Global Industry Analysis by Size, Business Strategies, Share, Growth, Trends, Revenue, Competitive Landscape and Developments | Grand View Research, Inc.

October 20 09:14 2021
Solar Charge Controller Market Global Industry Analysis by Size, Business Strategies, Share, Growth, Trends, Revenue, Competitive Landscape and Developments | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, favorable government policies regarding the clean fuel agenda, along with the growing deployment of off-grid solar energy systems across several end-use industries, are expected to boost the market growth in the coming years.

The global solar charge controller market size is expected to reach USD 4.15 billion by 2027, expanding at a CAGR of 15.1% from 2020 to 2027, according to a new report by Grand View Research, Inc. Implementation of climate change policies, along with provision of government subsidies for power generation through renewable energy, is likely to strengthen market growth over the forecast period.

Growing requirement for reliable power supply in harsh environmental conditions or remote locations has resulted in increasing deployment of off-grid photovoltaic systems, which, in turn, has positively influenced the solar charge controller demand across such regions. In addition, renewable energy battery storage solutions are expected to bolster the market growth over the forecast period.

Solar charge controllers increase battery lifespan by regulating the voltage and current flow from PV panels to battery during the day and preventing excessive discharging flow from battery to solar panels during the night. Innovative technology advancements including controllers integrated with auto night detection capabilities, smart sensor technology, and smart communication technologies, such as Bluetooth, are expected to enhance the functional capability of the product across the industry.

Major industry participants find lucrative market growth opportunities in the Asia Pacific region with low cost product manufacturing across the developing economies. Market players practice high degree of forward integration to enhance their foothold and market share in the solar industry. Moreover, manufacturers are massively investing in innovative technologies such as Maximum Power Point Tracking (MMPT) owing to the higher output generated when compared to the Pulse Width Modulation (PWM) technology.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/solar-charge-controller-market

Solar Charge Controller Market Report Highlights

• By type, the Pulse Width Modulation (PWM) segment accounted for a significant market share in 2019 owing to PWM charge controller ability to self regulate to battery condition and provide constant voltage battery charging

• Maximum Power Point Tracking (MPPT) is anticipated to expand at the fastest CAGR over the forecast period. The growth can be attributed to the higher efficiency of MMPT technology and its ability to extract maximum power available from PV module under specified conditions

• The commercial application segment occupied the largest market share in 2019 and is expected to expand at the highest CAGR over the forecast period. Growing penetration of solar PV modules for power generation across commercial office spaces is expected to drive the solar charge controller demand across the segment

• Asia Pacific accounted for the largest revenue share in 2019, with China being the highest revenue contributor. Presence of major manufacturers, along with significant investments in the solar industry resulting in reduced production costs, is expected to boost the market growth in China.

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/solar-charge-controller-market/request/rs1

Solar Charge Controller Market Segmentation

Grand View Research has segmented the global solar charge controller market on the basis of type, application, and region:

Solar Charge Controller Type Outlook (Revenue, USD Million, 2016 – 2027)               

    • Pulse Width Modulation (PWM)                 

    • Maximum Power Point Tracking (MPPT)

    • Others

Solar Charge Controller Application Outlook (Revenue, USD Million, 2016 – 2027)     

    • Industrial

    • Commercial

    • Residential

Solar Charge Controller Regional Outlook (Revenue, USD Million, 2016 – 2027)         

     • North America       

        • U.S.

        • Mexico

        • Canada

     • Europe

        • Germany

        • U.K.

        • Russia

        • France

     • Asia Pacific

        • China

        • India

        • Japan

        • South Korea

     • Central & South America

        • Brazil

        • Argentina

     • Middle East & Africa

        • UAE

        • Saudi Arabia

List of Key Players of Solar Charge Controller Market                                                       

    • Sungrow

    • Morningstar Corp.

    • Schneider Electric

    • Beijing Epsolar Technology Co., Ltd

    • Wenzhou Xihe Electric Co., ltd

    • Sunforge LLC

    • Luminous India

    • KATEK Memmingen GmbH

    • Airkom

    • Victron Energy

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/450592/ibb

Browse More Related Report:

Portable Solar Charger Market Size, Share & Trends Analysis Report By Product (Small Portable, Foldable, Backpack), By Application (Individual, Defense), By Region, And Segment Forecasts, 2019 – 2025

About Grand View Research

Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.

Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients. 

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/solar-charge-controller-market

view more articles

About Article Author