The Asia Pacific Solar Charge Controller Market would witness market growth of 7.4% CAGR during the forecast period (2022-2028).
The adoption of solar energy across multiple end-use industries is being aided by favorable regulatory policies including feed-in tariffs, net metering, and subsidies. These are some of the important elements supporting the industry dynamics in the upcoming years.
In BIPV systems, charge controllers are essential for preventing battery damage from overcharging and over-discharging by regulating the current flow to and from the batteries. In BIPV systems, they can also safeguard the electronics attached to the batteries. Because most batteries can rarely recover from overcharging and over-discharging, BIPV systems that use controllers, can extend the battery life. Charge controllers come in many different varieties, such as single-stage controls, shunt controls, multistage controls, etc.
Shunt controllers keep an eye on the battery's charging peak. The shunt controller separates the batteries from the PV arrays once they are fully charged. The extra power is converted to heat & then released through the shunt controllers' heat sinks. These restrictions make it possible to stop batteries from being overcharged. For heat dissipation in shunt controllers, enough ventilation is required.
A significant factor supporting the market growth in the increased attention of new market players in this region is the presence of large market players as well as favorable government regulations that provide subsidies & financial incentives for PV projects in China. China not only has the greatest panel manufacturing industry, but it also has a number of solar farms, along with the largest floating farm in the world, which has a 40 MW power capacity. Additionally, the nation is a major exporter of solar PV panels worldwide. In addition, China's renewable energy development policy can be divided into three groups.
The China market dominated the Asia Pacific Solar Charge Controller Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $293.4 million by 2028. The Japan market is estimated to grow a CAGR of 6.7% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 8% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Solar Charge Controller Market is Projected to reach USD 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.
By End User
By Type
By Current Capacity
By Country
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