Published Date: 31-Jul-2022
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According to a new report, published by KBV research, The Global Solar Charge Controller Market size is expected to reach $2.6 billion by 2028, rising at a market growth of 7.0% CAGR during the forecast period.
The Commercial segment acquired maximum revenue share in the Global Solar Charge Controller Market by End User in 2021 thereby, achieving a market value of $1.1 billion by 2028. The rise in demand for solar charge controllers from industrial uses for power consumption in communication base stations, data centers, restaurants, hospitals, corporate offices, as well as other locations is credited with this expansion.
The Pulse Width Modulation (PWM) segment is showcasing a CAGR of 7.2% during (2022 - 2028). PWM pulsing automatically adjusts to battery conditions, the need for recharging, impacts of temperature, & voltage drops in solar systems. Among the crucial elements preserving the competitiveness of the PWM, the segment is longer battery life, large battery reserve capacity, effective utilization of solar array energy, and higher customer satisfaction due to which the demand for PWM is rising gradually.
The 20A to 40A segment is leading the Global Solar Charge Controller Market by Current Capacity in 2021 thereby, achieving a market value of $1.2 billion by 2028. The need for solar charge controllers with current capacities of 20A to 40A has increased, and this expansion is due to off-grid cabinets, residences, caravans, telecoms & remote solar power producing sites.
The Asia Pacific market dominated the Global Solar Charge Controller Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,018.4 million by 2028. The Europe market is poised to grow at a CAGR of 6.3% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 6.7% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By End User
By Current Capacity
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