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.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Commercial
- Industrial
- Residential
- Utilities
By Type
- Maximum Power Point Tracking (MPPT)
- Pulse Width Modulation (PWM)
- Simple 1 or 2 stage Control
By Current Capacity
- 20A to 40A
- Less than 20A
- More than 40A
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 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.
- Phocas AG
TABLE 1 Asia Pacific Solar Charge Controller Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Solar Charge Controller Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Solar Charge Controller Market by End User, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Solar Charge Controller Market by End User, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Commercial Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Commercial Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Industrial Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Industrial Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Residential Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Residential Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Utilities Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Utilities Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Solar Charge Controller Market by Type, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Solar Charge Controller Market by Type, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Maximum Power Point Tracking (MPPT) Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Maximum Power Point Tracking (MPPT) Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Pulse Width Modulation (PWM) Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Pulse Width Modulation (PWM) Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Simple 1 or 2 stage Control Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Simple 1 or 2 stage Control Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Solar Charge Controller Market by Current Capacity, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Solar Charge Controller Market by Current Capacity, 2022 - 2028, USD Million
TABLE 23 Asia Pacific 20A to 40A Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific 20A to 40A Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Less than 20A Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Less than 20A Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific More than 40A Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific More than 40A Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Solar Charge Controller Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Solar Charge Controller Market by Country, 2022 - 2028, USD Million
TABLE 31 China Solar Charge Controller Market, 2018 - 2021, USD Million
TABLE 32 China Solar Charge Controller Market, 2022 - 2028, USD Million
TABLE 33 China Solar Charge Controller Market by End User, 2018 - 2021, USD Million
TABLE 34 China Solar Charge Controller Market by End User, 2022 - 2028, USD Million
TABLE 35 China Solar Charge Controller Market by Type, 2018 - 2021, USD Million
TABLE 36 China Solar Charge Controller Market by Type, 2022 - 2028, USD Million
TABLE 37 China Solar Charge Controller Market by Current Capacity, 2018 - 2021, USD Million
TABLE 38 China Solar Charge Controller Market by Current Capacity, 2022 - 2028, USD Million
TABLE 39 Japan Solar Charge Controller Market, 2018 - 2021, USD Million
TABLE 40 Japan Solar Charge Controller Market, 2022 - 2028, USD Million
TABLE 41 Japan Solar Charge Controller Market by End User, 2018 - 2021, USD Million
TABLE 42 Japan Solar Charge Controller Market by End User, 2022 - 2028, USD Million
TABLE 43 Japan Solar Charge Controller Market by Type, 2018 - 2021, USD Million
TABLE 44 Japan Solar Charge Controller Market by Type, 2022 - 2028, USD Million
TABLE 45 Japan Solar Charge Controller Market by Current Capacity, 2018 - 2021, USD Million
TABLE 46 Japan Solar Charge Controller Market by Current Capacity, 2022 - 2028, USD Million
TABLE 47 India Solar Charge Controller Market, 2018 - 2021, USD Million
TABLE 48 India Solar Charge Controller Market, 2022 - 2028, USD Million
TABLE 49 India Solar Charge Controller Market by End User, 2018 - 2021, USD Million
TABLE 50 India Solar Charge Controller Market by End User, 2022 - 2028, USD Million
TABLE 51 India Solar Charge Controller Market by Type, 2018 - 2021, USD Million
TABLE 52 India Solar Charge Controller Market by Type, 2022 - 2028, USD Million
TABLE 53 India Solar Charge Controller Market by Current Capacity, 2018 - 2021, USD Million
TABLE 54 India Solar Charge Controller Market by Current Capacity, 2022 - 2028, USD Million
TABLE 55 South Korea Solar Charge Controller Market, 2018 - 2021, USD Million
TABLE 56 South Korea Solar Charge Controller Market, 2022 - 2028, USD Million
TABLE 57 South Korea Solar Charge Controller Market by End User, 2018 - 2021, USD Million
TABLE 58 South Korea Solar Charge Controller Market by End User, 2022 - 2028, USD Million
TABLE 59 South Korea Solar Charge Controller Market by Type, 2018 - 2021, USD Million
TABLE 60 South Korea Solar Charge Controller Market by Type, 2022 - 2028, USD Million
TABLE 61 South Korea Solar Charge Controller Market by Current Capacity, 2018 - 2021, USD Million
TABLE 62 South Korea Solar Charge Controller Market by Current Capacity, 2022 - 2028, USD Million
TABLE 63 Singapore Solar Charge Controller Market, 2018 - 2021, USD Million
TABLE 64 Singapore Solar Charge Controller Market, 2022 - 2028, USD Million
TABLE 65 Singapore Solar Charge Controller Market by End User, 2018 - 2021, USD Million
TABLE 66 Singapore Solar Charge Controller Market by End User, 2022 - 2028, USD Million
TABLE 67 Singapore Solar Charge Controller Market by Type, 2018 - 2021, USD Million
TABLE 68 Singapore Solar Charge Controller Market by Type, 2022 - 2028, USD Million
TABLE 69 Singapore Solar Charge Controller Market by Current Capacity, 2018 - 2021, USD Million
TABLE 70 Singapore Solar Charge Controller Market by Current Capacity, 2022 - 2028, USD Million
TABLE 71 Malaysia Solar Charge Controller Market, 2018 - 2021, USD Million
TABLE 72 Malaysia Solar Charge Controller Market, 2022 - 2028, USD Million
TABLE 73 Malaysia Solar Charge Controller Market by End User, 2018 - 2021, USD Million
TABLE 74 Malaysia Solar Charge Controller Market by End User, 2022 - 2028, USD Million
TABLE 75 Malaysia Solar Charge Controller Market by Type, 2018 - 2021, USD Million
TABLE 76 Malaysia Solar Charge Controller Market by Type, 2022 - 2028, USD Million
TABLE 77 Malaysia Solar Charge Controller Market by Current Capacity, 2018 - 2021, USD Million
TABLE 78 Malaysia Solar Charge Controller Market by Current Capacity, 2022 - 2028, USD Million
TABLE 79 Rest of Asia Pacific Solar Charge Controller Market, 2018 - 2021, USD Million
TABLE 80 Rest of Asia Pacific Solar Charge Controller Market, 2022 - 2028, USD Million
TABLE 81 Rest of Asia Pacific Solar Charge Controller Market by End User, 2018 - 2021, USD Million
TABLE 82 Rest of Asia Pacific Solar Charge Controller Market by End User, 2022 - 2028, USD Million
TABLE 83 Rest of Asia Pacific Solar Charge Controller Market by Type, 2018 - 2021, USD Million
TABLE 84 Rest of Asia Pacific Solar Charge Controller Market by Type, 2022 - 2028, USD Million
TABLE 85 Rest of Asia Pacific Solar Charge Controller Market by Current Capacity, 2018 - 2021, USD Million
TABLE 86 Rest of Asia Pacific Solar Charge Controller Market by Current Capacity, 2022 - 2028, USD Million
TABLE 87 Key information – Schneider Electric SE
TABLE 88 Key Information – EnerSys
TABLE 89 Key Information – Xantrex Technologies, Inc.
TABLE 90 Key Information – Sunforge LLC
TABLE 91 Key information – Luminous Power Technologies (P) Ltd.
TABLE 92 Key Information – Studer Innotec SA
TABLE 93 Key information – KATEK Memmingen GmbH
TABLE 94 Key Information – Shenzhen Shuori New Energy Technology Co. Ltd.
TABLE 95 Key Information – Microtek International Pvt. Ltd.
TABLE 96 key Information – Phocas AG
List of Figures
FIG 1 Methodology for the research