Global Solar Charge Controllers Industry was valued at USD 30.1 Billion in the year 2018. Global Solar Charge Controllers Industry is further estimated to grow at a CAGR of 15.8% from 2018 to reach USD 86 Billion by the year 2025. While the demand for solar charge controllers is rising across diverse end-use sectors, it is the utility scale segment that accounted for the leading Industry share in 2016. During the forecast period, growth witnessed in the solar home systems and industrial building segment is also likely to rise.
Global Solar Charger Controllers Industry Share and Size by 2025 (USD Billion)
The coming years hold impressive growth prospects for the global solar charge controller Industry, as per Global Reports Store. The Industry will considerably benefit from the increasing use of solar energy and steps taken to curb the dependence on non-renewable energy sources. Also favorable climate change policies and clean fuel agenda will chalk a positive growth trajectory for the global solar controller Industry. Besides these, rising investment in renewable storage solutions and implementation of stringent policies to curb pollution will create lucrative prospects for the Industry’s growth. In the coming years, Industry players will also benefit from the rising awareness among consumers.
Major market players in Solar Charge Controllers Industry are Microtek, OutBack Power Inc, Schneider Electric, Xantrex Technologies, Studer Innotec, Su-Kam Power Systems, Genasun LLC, Arise India, Delta Electronics, Luminous Power Technologies Pvt. Ltd, Wenzhou Xihe Electric Co. Ltd, Samlex America Inc, Phocos, Sungrow Power Supply Co. Ltd, Beijing Epsolar Technology Co. Ltd, Victron Energy, Steca Elektronik GmbH, and Sollatek.
Solar Charge Controllers Industry, By Type Analysis
Solar Charge Controllers Industry, By End Use Analysis
Solar Charge Controllers Industry Overview, By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa