About Solar Charge Controllers
A solar charge controller is also known as a solar regulator that is widely used in off-grid solar systems so that they can keep the batteries in the solar power system from overcharging from current and voltage. Solar charge controllers are also used as a battery backup in grids that are connected to solar systems. The working principle of the solar charge controller is to transform, regulate and control the flow of the current generated from solar panels and conduct them to the connected batteries in order to stop overcharging or excessive discharging of the batteries.
Attributes | Details |
---|
Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Solar Charge Controllers 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.
Genasun (United States), Luminous India (India), MICROTEK (Taiwan), Schneider Electric (France), Su-Kam Power Systems (India), Arise India (India), BEIJING EPSOLAR TECHNOLOGY (Beijing), Delta Electronics (Taiwan), Morningstar (United States), Samlex America (United States) and Sunstor Solar (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Steca Elektronik (Germany), Studer Innotec (Switzerland) and Victron Energy (The Netherlands).
Segmentation Overview
AMA Research has segmented the market of Global Solar Charge Controllers market by Type (Pulse-Width Modulation (PWM) and Maximum Power Point Tracking (MPPT)), Application (Household, Building, Commercial Buildings and Others) and Region.
On the basis of geography, the market of Solar Charge Controllers 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). If we see Market by Voltage Type, the sub-segment i.e. 240V will boost the Solar Charge Controllers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Awareness Regarding the Advantages of Solar Energy
Market Growth Drivers:
Rapidly Increasing Installation Rate of Solar Panels Globally and Increasing Number of Rooftop Operations in Remote Areas
Challenges:
The Requirement of the High Capital Cost is Hindering the Adoption Rate of Solar Charge Controllers in Developing Economies and Issues Towards Environmental Risk for Solar Devices
Restraints:
Augmentation of Solar Capacity can Hamper the Market and Installation of new Solar-Based Power Grids could be an Expensive in Nature
Opportunities:
Growing Electronic Infrastructure for Solar Power Generation will Heavily Contribute to the Growth of Solar Charge Controller Market in Asia and Demand for Solar Charge Controllers in Remote Operations
Market Leaders and their expansionary development strategies
On 16th April 2020, California-based solar energy company SunStor Solar creates environmentally friendly and efficient power substitutes for the options available in the market. The company’s services save a lot of money on high bills as energy prices continue to skyrocket. The off-grid PV system from SunStor Solar consists of charge controllers, inverters, and batteries that are used to power households. The solar panel absorbs the sunlight while the charge controller controls the energy in the battery bank.
On 7th October 2020, Schneider Electric Solar announced the launch of the MPPT 100 600 Solar Charge Controller, perfect for homeowners who wish to be more self-reliant for energy needs and for off-grid living. The MPPT 100, combined with Schneider Electric's storage inverters, creates the ideal solar & storage solution, contributing to the world's transition to a carbon-neutral energy landscape.
Key Target Audience
Solar Charge Controllers Manufactures, Solar Charge Controllers Distributors, Potential Investor, End-Users 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.