Global Solar Charge Controller market is anticipated to grow at an impressive CAGR of over 16% during the forecast period, due to the rising need for reducing dependency on non-conservative energy sources. Based on the type, the Global Solar Charge Controller market has been segmented into Pulse Width Modulation (PWM), Maximum Power Point Tracking (MPPT) and Simple 1 or 2 stage Controls. The demand for MPPT segment is expected to increase in the future during the forecast period due to the lower overall system cost.
Solar home systems segment to grow at high rate during the forecast period
Based on the end user, the Global Solar Charge Controller market is categorised into Solar Home Systems, Industrial/Commercial Buildings and Utility Scale. Solar home systems segment is expected to witness significant growth rate during the forecast period due to the rising awareness, cost efficiency and increasing preference towards the use of solar energy.
Geographically, the market has been segmented into Asia-Pacific, North America, South America, Middle East & Africa and Europe. Asia-Pacific region is anticipated to grow at the highest CAGR during the forecast period due to the rising demand for Solar Charge Controller in the industrial and residential segments.
Years considered for this report
Historical Years2014-2016
Base Year2017
Estimated Year2018
Forecast Period2019–2024
Objective of the Study
- To analyse and forecast the market size of Global Solar Charge Controller Market, in terms of value.
- To classify and forecast Global Solar Charge Controller Market based on type, current carrying capacity, end user and regional distribution.
- To identify drivers and challenges for Global Solar Charge Controller Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Solar Charge Controller Market.
- To conduct the pricing analysis for Global Solar Charge Controller Market.
- To identify and analyse the profile of leading players involved in the manufacturing of Global Solar Charge Controller.
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Some of the leading players in the Global Solar Charge Controller Market are OutBack Power Inc, Xantrex Technologies, Genasun LLC, Luminous Power Technologies Pvt. Ltd, Wenzhou Xihe Electric Co., Ltd, Phocos, Beijing Epsolar Technology Co., Ltd, Steca Elektronik GmbH, Victron Energy and Sollatek.
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analysed the service offerings, distribution channels and presence of all major collaboration solution providers across the globe.
Market Insights Research calculated the market size of Global
Key Target Audience
- Solar Charge Controller Manufacturers
- Suppliers and Distributors
- End Users
- Market Research Firms
- Government Institutions
- Industry associations and experts
- Research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
