LAMEA Solar Charge Controller Market Size, Share & Industry Trends Analysis Report By End User, By Type, By Current Capacity (20A to 40A, Less than 20A, and More than 40A), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Solar Charge Controller Market would witness market growth of 8.8% CAGR during the forecast period (2022-2028).
By controlling the voltage and current that travel from the solar panel to the battery, a solar charge controller prevents the battery from overcharging. It uses MPPT (maximum power point tracking) to speed the solar charging of the battery. In order to get the most current into the battery, MPPT analyses the output of the solar panel compares it to the battery voltage and sets it to the best voltage.
By regulating & controlling the output from the solar PV array, a solar charge controller charges the battery while safeguarding it from overcharging or over-discharging. When a battery is overcharged, the electrolyte releases hydrogen and oxygen fumes that could result in an explosion and failure. The battery charge would be exhausted if an excessive current discharge is permitted. As a result, the battery's life will be shortened and it will eventually fail.
When a battery is getting close to being full, solar charge controllers can switch off or redirect all or a portion of the array to cut down on the current flow. A low voltage preset point causes the disconnection of some or all of the loads if the battery is depleted below that voltage. The charge controller will contain a high voltage disconnect (HVD) point to guard the battery against overcharging. As a result, the controller will have fixed points for things like LVD & HVD. The controller voltage needs to be able to handle the maximum current generated by the PV array and be suitable for the standard system voltage.
The development of renewable energy has enormous potential in the United Arab Emirates (UAE), which has one of the highest rates of sun exposure in the entire world. The country has always been dependent on conventional energy sources due to its significant indigenous oil & gas reserves. A push for economic diversification, however, has resulted in new incentives as well as the introduction of the most cutting-edge renewable energy technology in order to prevent the abrupt commodities downturns linked to an oil-based economy. A request for input diversification has also been made as a result of the rapid industrialization, expanding population, and rising demand from water desalination facilities.
The Brazil market dominated the LAMEA Solar Charge Controller Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $49.5 million by 2028. The Argentina market is exhibiting a CAGR of 9.4% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 8.5% during (2022 - 2028).
Based on End User, the market is segmented into Commercial, Industrial, Residential, and Utilities. Based on Type, the market is segmented into Maximum Power Point Tracking (MPPT), Pulse Width Modulation (PWM), and Simple 1 or 2 stage Control. Based on Current Capacity, the market is segmented into 20A to 40A, Less than 20A, and More than 40A. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, EnerSys, Xantrex Technologies, Inc. (Mission Critical Electronics LLC), Sunforge LLC, Luminous Power Technologies (P) Ltd., Studer Innotec SA, KATEK Memmingen GmbH, Shenzhen Shuori New Energy Technology Co. Ltd., Microtek International Pvt Ltd., and Phocas AG.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Maximum Power Point Tracking (MPPT)
- Pulse Width Modulation (PWM)
- Simple 1 or 2 stage Control
By Current Capacity
- 20A to 40A
- Less than 20A
- More than 40A
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Schneider Electric SE
- Xantrex Technologies, Inc. (Mission Critical Electronics LLC)
- Sunforge LLC
- Luminous Power Technologies (P) Ltd.
- Studer Innotec SA
- KATEK Memmingen GmbH
- Shenzhen Shuori New Energy Technology Co. Ltd.
- Microtek International Pvt Ltd.
- Phocas AG
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