About Contact Us Careers

Solar Charge Controller Market Trends

Request Free Sample Copy

Report ID: 3478
Published Date: Aug 27, 2024
Report Format: PDF, PPT

Buy Now

Solar Charge Controller Market Trends

Growth Drivers

Increasing Adoption of Solar Panels
Adoption of Off-Grid Solar Power Plants in Residential Use

Challenges

Lack of Application in Commercial Use
Slow Adoption at the Residential Scale

Solar Charge Controller Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	15.3%
Base Year Market Size (2023)	USD 2.47 billion
Forecast Year Market Size (2036)	USD 15.72 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Get more information on this report: Request Free Sample PDF

Browse Key Market Insights with Data Illustration:

Solar Charge Controller Market Size & Share, Growth Analysis 2036

Author Credits: Dhruv Bhatia

Report ID: 3478
Published Date: Aug 27, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of solar charge controller is estimated at USD 2.77 billion.

Solar Charge Controller Market size was over USD 2.47 billion in 2023 and is poised to exceed USD 15.72 billion by 2036, witnessing over 15.3% CAGR during the forecast period i.e., between 2024-2036. Increasing adoption of solar energy, and installment of solar panels in houses to boost the market growth.

North America is set to hold largest revenue share by 2036, on the back of increasing adoption of solar farms as a commercial activity, and technological advancement in the region.

The major players in the market are Schneider Electric SE, Victron Energy B.V., Wenzhou Xihe Electric Co., Ltd., Centralion Industrial Inc., and Morningstar Corporation.

Inquiry Before Buying Request Free Sample