According to MarketIntelReports “Global Solar Charge Controllers Market 2017-2021”:
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Solar charge controllers are electronic devices that regulate the rate of current flow to and from the electric batteries to prevent overcharging and damage due to overvoltage. This increases the efficiency of the batteries and also increases their lifespan. The solar cell charge controller makes sure that the deep cycle batteries are not overcharged during the day and that the power does not go backward to the solar panels overnight and drain the batteries. Some of the charge controllers have additional capabilities and lighting and load control. But its main job is to focus on power. The Solar Charge Controllers Market has two different technologies namely PWM and MPPT. The MPPT charge controller costs more than the PWM charge controller.
Scope & Regional Forecast of the Solar Charge Controllers Market
The Solar Charge Controllers Market will have a steady growth during the forecast period. The increase in solar energy installations is one of the main factors which will have a positive effect on the market. Governments across the globe are now encouraging the use of renewable resources such as solar power. Developed nations use solar power for increasing solar energy concentration in the energy mix and are also reducing their dependence on fossil fuel based power generation. The increase in solar energy consumption will drive the demand for solar charger controller system.
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During 2016, the non-residential segment held the largest share in the Solar Charge Controllers Market. Government initiatives in setting up hospitals, small and medium sized businesses, It and Telecom that need battery units demand the need for the battery controller. Asia Pacific dominated the market in 2016. This was due to factors like growing environmental awareness and rising demand for energy. The steps taken the region towards solar energy generation to replace dependency on fossil fuel will drive the demand for battery charge controller solar.
The latest trend in the Solar Charge Controllers Market is the increasing demand for MPPT charge controllers. PWM and MPPT charge controllers are applied in the end user industries. It has been proved in tests that MPPT charge controllers perform better than the PWM charge controllers in cold and temperate climates. The solar charge controller connection comes in different shapes and sizes. It ranges from 4.5 amp control to 60 or 80 amp. The most commonly used charge controller solar for the battery based systems is from 40 to 60 amp range.
The Solar Charge Controllers Market comes with some kind of indicator. The simplest solar power charge controller has a couple of small LED lamps which show that there is power. The use of solar charge controller is also seen in non-residential buildings.
Segmentations & Key Players Involved in the Solar Charge Controllers Market
The Solar Charge Controllers Market can be broken down into various segments as follows:
- End User- Residential and non-residential.
- Region – APAC, America, and EMEA.
Some of the key players involved in the Solar Charge Controllers Market are as follows:
- Genasun
- Luminous India
- MICROTEK
- Schneider Electric
- Su-Kam Power Systems
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