Energy & Environment Industry Today
Solar Charge Controllers Market Size, Business Operation Data and Study with focus on Company Growth Profile | Industry Top Manufactures Analysis and Opportunity Research Report 2018-2023
The solar charge controller usually operates by regulating the flow of energy from the panels to the energy storage system, which is directly connected as a DC – coupled system. One of the most important result of this is that it gives batteries in the storage system, a longer life. The solar charge controller normally does this by preventing overcharging of the systems and even at times against overvoltage, which may lead to a safety risk. Usually, the solar charge controllers are either designed as circuit integrated within a battery pack or as complete standalone systems.
A Solar Charge Controller or more commonly, charge regulator is basically used to keep the batteries in the solar power systems from overcharging by regulating the current or voltage produced by the solar panels. Typically, charge controllers are not necessary for trickle charge panels or small capacity panels such as 1 to 5-watt panels. However, since solar panels are increasingly used with energy storage, it is essential to find a way to regulate the flow of energy as these panels are of much higher capacity. Besides, global safety regulations for the use of solar panels and batteries prevent batteries from overcharging as they may result in serious damage to the entire storage and even the panel systems.
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Industry TopKey Players:-
- Luminous India
- Schneider Electric
- Su-Kam Power Systems
- Arise India
- Delta Electronics
- Sungrow Power Supply Co., Ltd
- Victron Energy
- Beijing Epsolar Technology Co., Ltd
The global solar charger controllers market by region has been segmented into North America, Europe, Asia Pacific and Rest of the world. This market is expected to witness high growth in the forecast years. Among the regions covered, Asia Pacific is projected to have the highest market share, as the region is witnessing increasing solar power installations for off grid and remote electrification purposes. Especially in countries such as China and India, government policies and incentive structures are contributing in the fast adoption of solar power, which in turn drives the market for solar charge controllers. Furthermore, North America region is the next big market for solar charge controllers as the region is continously investing in building large-scale solar based utility plants.
Market Research Future analysis show that the global market of solar charge controllers market is estimated to grow at CAGR of 15.02 % by the end of the forecast period.
Solar energy policy is developed by governments to sustain its growth including solar energy production, distribution and consumption. Solar energy policies include legislation, international treaties, and incentives to investment such as the formation incentives in the U.S. In many countries, such as India and EU countries, the policies such as feed-in-tariff (FIT), portfolio standard (RPS), tax credits, pricing laws, production incentives, quota requirements, and trading systems, have been developed and implemented to promote the use of solar energy. Many industrialized nations have integrated a considerable number of solar power installations with the electrical grids. On the other hand, developing economies are using solar energy to reduce their dependence on fossil fuel-based power generation.
Major Points From TOC:-
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
4 Global Solar Charge Controllers Market, By Type
4.2 MPPT (Maximum Power Point Tracking)
To be continued.....
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