Middle East & Africa Solar Charge Controller Market Size & Outlook
Middle East & Africa solar charge controller market, 2018-2030 (US$M)
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MEA solar charge controller market highlights
- The MEA solar charge controller market generated a revenue of USD 141.7 million in 2023.
- The market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, commercial was the largest revenue generating application in 2023.
- Commercial is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 141.7 million |
| Market revenue in 2030 | USD 240.5 million |
| Growth rate | 7.8% (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 |
| Key market players worldwide | Schneider Electric SE, Sungrow, Morningstar, Beijing Epsolar Technology Co., Sunforge, Luminous Power Technologies, Katek Memmingen, airkom Druckluft |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.3% of the global solar charge controller market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,863.2 million by 2030.
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Solar Charge Controller Market Scope
Solar Charge Controller Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 55.68% in 2023. Horizon Databook has segmented the Middle East & Africa solar charge controller market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Solar Charge Controller Application Outlook (Revenue, USD Million, 2018-2030)
- Residential
- Commercial
- Industrial
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa solar charge controller market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa solar charge controller market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA solar charge controller market size, by country, 2018-2030 (US$M)
Middle East & Africa Solar Charge Controller Market Outlook Share, 2023 & 2030 (US$M)
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