Solar Charge Controller Market Is Booming Worldwide 2023 By Prominent Players like Genasun, Luminous, Microtek, Schneider Electric, Su-Kam Power Systems, and Arise India.

Market Research Future analysis show that the global market of solar charge controllers market is estimated to grow at CAGR of 15.02 % by the end of the forecast period.

Solar energy policy is developed by governments to sustain its growth including solar energy production, distribution and consumption. Solar energy policies include legislation, international treaties, and incentives to investment such as the formation incentives in the U.S. In many countries, such as India and EU countries, the policies such as feed-in-tariff (FIT), portfolio standard (RPS), tax credits, pricing laws, production incentives, quota requirements, and trading systems, have been developed and implemented to promote the use of solar energy. Many industrialized nations have integrated a considerable number of solar power installations with the electrical grids. On the other hand, developing economies are using solar energy to reduce their dependence on fossil fuel-based power generation.

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Industry Highlights

The solar charge controllers are predominantly classified based on the technology they operate. In general, there are three different types of charge controller technologies available for solar systems. Firstly, it is the simple 1 or 2 stage controls that are depended on shunt transistors and relays in controlling the voltage. The stage controllers generally operate in one or two steps by effectively disconnecting the solar panel when it reaches a certain critical voltage. These systems are typically reliable since they have only a few components. The second type of solar charge controllers are the pulse-width modulation (PWM) controllers, which are characteristically small.

The PWM technology is operated on the basis of sending out short controlling pulses to the battery but they lack agility in operations. For instance, they lack the ability to optimize the operations of different solar panels present in a single array. This technology is highly adopted in areas where the solar radiation is strong and steady with constant radiation presence.

Key Players

The prominent players in the solar charge controllers are Genasun (Italy), Luminous India (India), Microtek (China), Schneider Electric (France), Su-Kam Power Systems (India), Arise India (India), Delta Electronics (India), Sungrow Power Supply Co., Ltd (China), Victron Energy (Netherlands) and Beijing Epsolar Technology Co., Ltd (China).

Regional Outlook

The global solar charger controllers market by region has been segmented into North America, Europe, Asia Pacific and Rest of the world.

Among the regions covered, Asia Pacific is projected to have the highest market share, as the region is witnessing increasing solar power installations for off grid and remote electrification purposes. Especially in countries such as China and India, government policies and incentive structures are contributing in the fast adoption of solar power, which in turn drives the market for solar charge controllers.

Furthermore, North America region is the next big market for solar charge controllers as the region is continuously investing in building large-scale solar based utility plants.

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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

Table 5 North America Solar Charge Controllers Market, By End-User

Table 6 U.S. Solar Charge Controllers Market, By Type

Table 7 U.S. Solar Charge Controllers Market, By End-User

Table 8 Canada Solar Charge Controllers Market, By Type

Table 9 Canada Solar Charge Controllers Market, By End-User

Table 10 Europe Solar Charge Controllers Market, By Type

Table 11 Europe Solar Charge Controllers Market, By End-User

Table 12 Germany Solar Charge Controllers Market, By Type

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