Press release
Global Solar Charge Controllers Market Expected To Grow At CAGR Of 16.32% Between Years 2017-2021
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A solar charge controller is an electronic device that regulates the rate of current flow to and from electric batteries to prevent overcharging and damage due to overvoltage. This not only enhances the operational efficiency of the batteries but also increases their lifespan. An inverter is a device that converts direct current (DC) generated by solar panels and wind turbines into alternate current (AC). This is then supplied to a central electric grid. Inverters are broadly classified into three types: Grid-tie, battery backup, and stand-alone. These inverters are integrated with different energy sources and allow connection with multiple parallel units.
Technavios analysts forecast the global Solar Charge Controllers market to grow at a CAGR of 16.32% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global solar charge controllers market for 2017-2021. To calculate the market size, the report considers the new installations and exclude replacement/ aftermarket/ services market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Solar Charge Controllers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Genasun
Luminous India
MICROTEK
Schneider Electric
Su-Kam Power Systems
Other prominent vendors
Arise India
BEIJING EPSOLAR TECHNOLOGY
Delta Electronics
Morningstar
Phocos
Samlex America
Shuori New Energy
Steca Elektronik
Studer Innotec
SUNGROW
Victron Energy
Market driver
Rise in solar energy installations
For a full, detailed list, view our report
Market challenge
Intermittent nature of solar energy
For a full, detailed list, view our report
Market trend
Increasing demand for MPPT charge controllers
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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