Solar Charge Controller Market

This research study by FMI (Future Market Insights) on the global Solar charge controller market offers a ten year forecast for the solar charge controller market. To estimate the market value of solar charge controllers, we have considered FY2017 as the base year and market values have been estimated keeping in mind the trends, driving factors, restraints and key developments impacting the market. The Compound Annual Growth Rate for solar charge controllers has been represented from 2018 to 2028. 

Solar charge controllers are gaining traction in the global offgrid solar panel systems market. These controllers find a wide range of applications across various applications, such as residential, commercial and industrial. However, the requirement of high capital cost is hindering the adoption rate of solar charge controllers in developing economies.     

The global solar charge controller market report consists of 24 sections that primarily elaborate on market values. In the first section of the global solar charge controller market report, we have discussed the key trends, key developments and market values in term of US$ and market volumes in term of Thousand Units (Th Units).

Apart from that, we have also offered market share analysis by segments – current charging capacity, technology, battery type and regions. In the next / second section of the global solar charge controller market report, we have provided the market taxonomy, market definitions and definitions by segments – current charging capacity, technology and battery type of solar charge controller. This section also covers the solar panel systems overview.

In the third section of the global solar charge controller market report, we have included market viewpoints, including macroeconomic factors, porters five force analysis, value chain analysis, list of distributors and manufacturers of solar charge controllers and supply-demand scenario for solar charge controllers.

The fourth section of the global solar charge controller market report includes the global industry analysis by volume and value, along with pricing analysis by regions. Fifth section of the global solar charge controller market report includes qualitative as well as quantitative analysis of the solar charge controller market by current charging capacity segment.

This solar charge controller market report focuses on analysing the market opportunities and providing a detailed understanding of the solar charge controller market. The solar charge controller market report elaborates on the regional analysis, market dynamics and competition landscape of the solar charge controller market for the next ten years.

Each section of the solar charge controller market report includes qualitative and quantitative assessment of the market on the basis of historical data or developments and facts and key opinions collected from various industry participants through primary interviews, annual reports, newsletters, whitepapers, etc.

The report on the global solar charge controller market studies some of the major players in the solar charge controller market, such as Samlex America Inc., Morningstar Corp., Outback Power Inc., Studer Innotec, Victron Energy, Aims Power, Renogy, Sensata Technologies, Inc., Schneider Electric, DENRYO CO., LTD and among others.

Research Methodology

The initial stage of the research study included the formulation of assumptions, which are necessary for primary and secondary research. Further stages of research involved triangulation of data collected from these two approaches. To analyse the market trends and opportunities for solar charge controller manufacturers, the global solar charge controller market has been segmented on the basis of charging capacity, technology, battery type and regions.   

For the analysis of solar charge controller consumption, we have considered FY 2017 as the base year. Basic data was collected from manufacturers’ annual reports, newsletters, public reports and solar industry data published by government as well as private agencies, World Bank’s sources, whitepapers, etc. Further, the collected data was validated through primary research techniques that involved manufacturers, distributors, end-user procurement agencies and regional representatives.

For final analysis of market data, we considered demand side as well as supply-side drivers and trends of various regional markets. We have forecasted the market data on the basis of key developments, regional trends and production – consumption scenario of solar charge controllers. For the forecasting of market data, we have considered the historic data for the period 2013-2017.