Global Solar Charge Controller Market Size & Outlook
Global solar charge controller market, 2018-2030 (US$M)
Related Markets
Global solar charge controller market highlights
- The global solar charge controller market generated a revenue of USD 2,241.0 million in 2023 and is expected to reach USD 6,625.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 16.7% by 2030.
- In terms of segment, commercial accounted for a revenue of USD 1,251.4 million in 2023.
- Commercial is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,241.0 million |
| Market revenue in 2030 | USD 6,625.0 million |
| Growth rate | 16.7% (CAGR from 2023 to 2030) |
| Largest segment | Commercial |
| Fastest growing segment | Commercial |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Commercial, Industrial |
Other key industry trends
- In terms of revenue, the North America accounted for 20.7% of the global solar charge controller market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 90.4 million by 2030.
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Solar Charge Controller Market Scope
Solar Charge Controller Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global solar charge controller market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to solar charge controller market will help companies and investors design strategic landscapes.
Commercial was the largest segment with a revenue share of 55.84% in 2023. Horizon Databook has segmented the Global solar charge controller market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Solar Charge Controller Application Outlook (Revenue, USD Million, 2018-2030)
- Residential
- Commercial
- Industrial
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Horizon Databook provides a detailed overview of global-level data and insights on the Global solar charge controller market , including forecasts for subscribers. This global databook contains high-level insights into Global solar charge controller market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global solar charge controller market size, by regions, 2018-2030 (US$M)
Top 10 countries: Solar charge controller market size, 2023 (US$M)
Global solar charge controller market share, by application, 2023 & 2030 (%, US$M)
Solar charge controller market: Opportunity assessment by country
Global solar charge controller market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 248.2 | 276.0 | 388.0 | 479.8 | 401.6 | 463.6 | 539.9 | 634.6 | 752.7 | 900.7 | 1,072.1 | 1,270.2 | 1,494.0 | 18.2% |
| Europe | 317.0 | 354.0 | 325.2 | 369.8 | 507.2 | 577.4 | 660.4 | 759.2 | 877.2 | 1,018.9 | 1,180.2 | 1,359.6 | 1,555.0 | 15.2% |
| Asia Pacific | 430.0 | 484.6 | 535.0 | 571.3 | 725.9 | 843.3 | 987.1 | 1,172.9 | 1,403.1 | 1,690.0 | 2,026.8 | 2,418.0 | 2,863.2 | 19.1% |
| Latin America | 123.3 | 137.3 | 157.7 | 174.9 | 191.7 | 215.1 | 241.8 | 272.4 | 307.5 | 347.8 | 390.9 | 428.5 | 472.4 | 11.9% |
| MEA | 93.2 | 99.8 | 112.3 | 121.0 | 128.3 | 141.7 | 157.7 | 168.3 | 181.0 | 196.2 | 210.2 | 229.9 | 240.5 | 7.9% |
| Overall | 1,211.7 | 1,351.6 | 1,518.2 | 1,716.9 | 1,954.8 | 2,241.0 | 2,587.0 | 3,007.5 | 3,521.5 | 4,153.6 | 4,880.1 | 5,706.3 | 6,625.0 | 16.8% |
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