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Global Solar Charge Controllers Market to Reach $4.2 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Solar Charge Controllers estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$4.2 Billion by 2027, growing at a CAGR of 13.4% over the analysis period 2020-2027. Maximum Power Point Tracking (MPPT), one of the segments analyzed in the report, is projected to record a 13.9% CAGR and reach US$2.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Pulse-Width Modulation (PWM) segment is readjusted to a revised 11.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $477.4 Million, While China is Forecast to Grow at 18% CAGR
The Solar Charge Controllers market in the U.S. is estimated at US$477.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$894.6 Million by the year 2027 trailing a CAGR of 18% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.2% and 11.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$599.8 Million by the year 2027.



Other Types Segment to Record 15.6% CAGR
In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 15.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$129 Million in the year 2020 will reach a projected size of US$339 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 17.1% CAGR through the analysis period.