The North America Solar Charge Controller Market would witness market growth of 6.7% CAGR during the forecast period (2022-2028).
The market is expected to grow as a result of the quick rise in solar panel installations, variety of rooftop operations in outlying locations, & electronic infrastructure for solar power technologies. The market for solar charge controllers is anticipated to grow as a result of rising power consumption from data centers & communication base stations, as well as the growing use of solar PV modules in healthcare facilities, lodging establishments, as well as commercial buildings. There are several government initiatives and investments in various solar infrastructure projects in the fields of energy, railroads, and real estate, which would present chances for market.
In order to prevent the battery from being overcharged or discharged, the solar charge controller controls the voltage & current flowing from the solar panels to the associated battery. The demand for charge controllers to control power flow in off-grid applications is predicted to increase because of the growing need for a constant energy source in urban areas, on the go, or in severe climates with enough sun hours.
In the world, Canada is a leader in the use of clean, renewable energy. A large amount of the electricity produced in Canada came from renewable energy sources, including wind, hydro, biomass, solar, geothermal & marine/tidal wave energy. Canada's primary energy source traditionally has been hydropower, which produces more than half of the nation's electricity. Solar power is more affordable, available, & pervasive than ever in the United States. In the United States, the capacity of solar energy has increased from 0.34 GW in 2008 to around 97.2 GW at this time.
The US market dominated the North America Solar Charge Controller Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $501 million by 2028. The Canada market is poised to grow at a CAGR of 9.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Solar Charge Controller Market is Estimated to reach $2.6 Billion by 2028, at a CAGR of 7%
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
- Commercial
- Industrial
- Residential
- Utilities
By Type
- 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
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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.
- Phocas AG
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Solar Charge Controller Market, by End User
1.4.2 North America Solar Charge Controller Market, by Type
1.4.3 North America Solar Charge Controller Market, by Current Capacity
1.4.4 North America Solar Charge Controller Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Solar Charge Controller Market by End User
3.1 North America Commercial Market by Country
3.2 North America Industrial Market by Country
3.3 North America Residential Market by Country
3.4 North America Utilities Market by Country
Chapter 4. North America Solar Charge Controller Market by Type
4.1 North America Maximum Power Point Tracking (MPPT) Market by Country
4.2 North America Pulse Width Modulation (PWM) Market by Country
4.3 North America Simple 1 or 2 stage Control Market by Country
Chapter 5. North America Solar Charge Controller Market by Current Capacity
5.1 North America 20A to 40A Market by Country
5.2 North America Less than 20A Market by Country
5.3 North America More than 40A Market by Country
Chapter 6. North America Solar Charge Controller Market by Country
6.1 US Solar Charge Controller Market
6.1.1 US Solar Charge Controller Market by End User
6.1.2 US Solar Charge Controller Market by Type
6.1.3 US Solar Charge Controller Market by Current Capacity
6.2 Canada Solar Charge Controller Market
6.2.1 Canada Solar Charge Controller Market by End User
6.2.2 Canada Solar Charge Controller Market by Type
6.2.3 Canada Solar Charge Controller Market by Current Capacity
6.3 Mexico Solar Charge Controller Market
6.3.1 Mexico Solar Charge Controller Market by End User
6.3.2 Mexico Solar Charge Controller Market by Type
6.3.3 Mexico Solar Charge Controller Market by Current Capacity
6.4 Rest of North America Solar Charge Controller Market
6.4.1 Rest of North America Solar Charge Controller Market by End User
6.4.2 Rest of North America Solar Charge Controller Market by Type
6.4.3 Rest of North America Solar Charge Controller Market by Current Capacity
Chapter 7. Company Profiles
7.1 Schneider Electric SE
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental And Regional Analysis
7.1.4 Research & Development Expense
7.2 EnerSys
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental Analysis
7.3 Xantrex Technologies, Inc. (Mission Critical Electronics LLC)
7.3.1 Company Overview
7.3.2 Recent Strategies and Development
7.3.2.1 Product launches and Product Expansions:
7.4 Sunforge LLC
7.4.1 Company Overview
7.5 Luminous Power Technologies (P) Ltd.
7.5.1 Company Overview
7.6 Studer Innotec SA
7.6.1 Company Overview
7.7 KATEK Memmingen GmbH
7.7.1 Company Overview
7.8 Shenzhen Shuori New Energy Technology Co. Ltd.
7.8.1 Company Overview
7.9 Microtek International Pvt. Ltd.
7.9.1 Company Overview
7.10. Phocas AG
7.10.1 Company Overview
TABLE 1 North America Solar Charge Controller Market, 2018 - 2021, USD Million
TABLE 2 North America Solar Charge Controller Market, 2022 - 2028, USD Million
TABLE 3 North America Solar Charge Controller Market by End User, 2018 - 2021, USD Million
TABLE 4 North America Solar Charge Controller Market by End User, 2022 - 2028, USD Million
TABLE 5 North America Commercial Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Commercial Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Industrial Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Industrial Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Residential Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Residential Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Utilities Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Utilities Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Solar Charge Controller Market by Type, 2018 - 2021, USD Million
TABLE 14 North America Solar Charge Controller Market by Type, 2022 - 2028, USD Million
TABLE 15 North America Maximum Power Point Tracking (MPPT) Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Maximum Power Point Tracking (MPPT) Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Pulse Width Modulation (PWM) Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Pulse Width Modulation (PWM) Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Simple 1 or 2 stage Control Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Simple 1 or 2 stage Control Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Solar Charge Controller Market by Current Capacity, 2018 - 2021, USD Million
TABLE 22 North America Solar Charge Controller Market by Current Capacity, 2022 - 2028, USD Million
TABLE 23 North America 20A to 40A Market by Country, 2018 - 2021, USD Million
TABLE 24 North America 20A to 40A Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Less than 20A Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Less than 20A Market by Country, 2022 - 2028, USD Million
TABLE 27 North America More than 40A Market by Country, 2018 - 2021, USD Million
TABLE 28 North America More than 40A Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Solar Charge Controller Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Solar Charge Controller Market by Country, 2022 - 2028, USD Million
TABLE 31 US Solar Charge Controller Market, 2018 - 2021, USD Million
TABLE 32 US Solar Charge Controller Market, 2022 - 2028, USD Million
TABLE 33 US Solar Charge Controller Market by End User, 2018 - 2021, USD Million
TABLE 34 US Solar Charge Controller Market by End User, 2022 - 2028, USD Million
TABLE 35 US Solar Charge Controller Market by Type, 2018 - 2021, USD Million
TABLE 36 US Solar Charge Controller Market by Type, 2022 - 2028, USD Million
TABLE 37 US Solar Charge Controller Market by Current Capacity, 2018 - 2021, USD Million
TABLE 38 US Solar Charge Controller Market by Current Capacity, 2022 - 2028, USD Million
TABLE 39 Canada Solar Charge Controller Market, 2018 - 2021, USD Million
TABLE 40 Canada Solar Charge Controller Market, 2022 - 2028, USD Million
TABLE 41 Canada Solar Charge Controller Market by End User, 2018 - 2021, USD Million
TABLE 42 Canada Solar Charge Controller Market by End User, 2022 - 2028, USD Million
TABLE 43 Canada Solar Charge Controller Market by Type, 2018 - 2021, USD Million
TABLE 44 Canada Solar Charge Controller Market by Type, 2022 - 2028, USD Million
TABLE 45 Canada Solar Charge Controller Market by Current Capacity, 2018 - 2021, USD Million
TABLE 46 Canada Solar Charge Controller Market by Current Capacity, 2022 - 2028, USD Million
TABLE 47 Mexico Solar Charge Controller Market, 2018 - 2021, USD Million
TABLE 48 Mexico Solar Charge Controller Market, 2022 - 2028, USD Million
TABLE 49 Mexico Solar Charge Controller Market by End User, 2018 - 2021, USD Million
TABLE 50 Mexico Solar Charge Controller Market by End User, 2022 - 2028, USD Million
TABLE 51 Mexico Solar Charge Controller Market by Type, 2018 - 2021, USD Million
TABLE 52 Mexico Solar Charge Controller Market by Type, 2022 - 2028, USD Million
TABLE 53 Mexico Solar Charge Controller Market by Current Capacity, 2018 - 2021, USD Million
TABLE 54 Mexico Solar Charge Controller Market by Current Capacity, 2022 - 2028, USD Million
TABLE 55 Rest of North America Solar Charge Controller Market, 2018 - 2021, USD Million
TABLE 56 Rest of North America Solar Charge Controller Market, 2022 - 2028, USD Million
TABLE 57 Rest of North America Solar Charge Controller Market by End User, 2018 - 2021, USD Million
TABLE 58 Rest of North America Solar Charge Controller Market by End User, 2022 - 2028, USD Million
TABLE 59 Rest of North America Solar Charge Controller Market by Type, 2018 - 2021, USD Million
TABLE 60 Rest of North America Solar Charge Controller Market by Type, 2022 - 2028, USD Million
TABLE 61 Rest of North America Solar Charge Controller Market by Current Capacity, 2018 - 2021, USD Million
TABLE 62 Rest of North America Solar Charge Controller Market by Current Capacity, 2022 - 2028, USD Million
TABLE 63 Key information – Schneider Electric SE
TABLE 64 Key Information – EnerSys
TABLE 65 Key Information – Xantrex Technologies, Inc.
TABLE 66 Key Information – Sunforge LLC
TABLE 67 Key information – Luminous Power Technologies (P) Ltd.
TABLE 68 Key Information – Studer Innotec SA
TABLE 69 Key information – KATEK Memmingen GmbH
TABLE 70 Key Information – Shenzhen Shuori New Energy Technology Co. Ltd.
TABLE 71 Key Information – Microtek International Pvt. Ltd.
TABLE 72 key Information – Phocas AG
List of Figures
FIG 1 Methodology for the research