About Solar Energy Charge Controller
The global solar energy charge controller market is expected to witness high demand due to the protection of deep cycle battery investments and standalone in the extremely harsh conditions in the forecasted period. It is also known as a solar regulator, which is majorly used in off-grid solar systems and forms an important part of these systems. Most of the time, it is operating by regulating the flow of energy from the panels to the energy storage systems, that is directly connected as a DC-coupled system. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for renewable energy.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Global Solar Energy Charge Controller market is highly consolidated due to the presence of regional players. It has been observed that most of the companies are upgrading and introducing a photovoltaic effect that provides broader applications such as long-distance transmission and capable of converting sunlight into electrical energy applications. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Solar Energy Charge Controller market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
OutBack Power Inc (United States), Xantrex Technologies (United States), Genasun LLC (United States), Luminous Power Technologies Pvt. Ltd (India), Wenzhou Xihe Electric Co., Ltd (China), Phocos (India), Beijing Epsolar Technology Co., Ltd (China), Steca Elektronik GmbH (China), Victron Energy (The Netherlands) and Sollatek (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Solar Energy Charge Controller market by Type (PWM Charge Controllers, MPPT Charge Controllers and Others), Application (Solar Street Lamps, Solar Traffic Signs, Solar Heaters and Others) and Region.
On the basis of geography, the market of Solar Energy Charge Controller has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). North America region held largest market share in the year 2023. If we see Market by End Users, the sub-segment i.e. Residential will boost the Solar Energy Charge Controller market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. OEMs (Original Equipment Manufacturer) will boost the Solar Energy Charge Controller market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Development of Off-Grid Electrical Systems and Operations
Market Growth Drivers:
Rising Number of Rooftop Operations in Remote Areas and Upsurge Electronic Infrastructure for Solar Power Generation
Challenges:
High Risk Associated with Supply Disturbance of Renewable Technologies and Lack of Research and Development in the Field of Solar Based Grids
Restraints:
High Cost Associated with Installation of Solar Based Power Grids and The Augmentation of Solar Capacity Restrain the Existing Infrastructure
Opportunities:
Rapidly Increasing Installations Rate of Solar Panels and Growing Awareness Regarding Advantages of Solar Energy
Market Leaders and their expansionary development strategies
In October 2020, The power electronics company Schneider Electric launched off-grid-capable solar charge controller. a product which can work on and off the grid and enables the charging of dead batteries using a rooftop solar array.
In March 2019, Okaya Power Pvt Ltd launched a new comprehensive range of Solar Power Generation System (SPGS), which is beneficial for all off-grid/on-grid applications and packed with features like PID (Potential Induced Degradation), excellent low light performance, and ARC (Anti-Reflective Coating) glass.
Key Target Audience
Solar energy charge controller manufacturers, Solar energy charge controller suppliers, End-user of solar energy charge controller, Government and research organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.