Solar Charge Controller Market
Solar charge controller is an electronic device that regulates and controls voltage. It is utilized in off-grid and hybrid off-grid applications to deliver best output by running electrical loads and charging batteries. Solar charge controllers prevent battery damage by avoiding over charging. Furthermore, it helps in fast charging and increases battery life by maintaining the battery health. These product benefits have shown a positive impact on the solar charge controller market.
Solar charge controller is operated using solar energy and is the best option for electrical storage in the form of batteries. Some regions across the globe experience frequent power cuts as the availability of electricity in these regions is low. Furthermore, the demand for installation of off-grid solar panel systems has grown substantially. Hence, the solar charge controller market is gaining traction.
The demand for residential sectors has increased due to rapid urbanization. Companies from the construction sector are inclining towards the use of solar charge controller due to its benefits such as ability to help in saving electricity. These factors have resulted into the increased demand for solar charge controllers. Moreover, the installation of solar panels has increased in both the residential and non-residential sectors.
Pulse width modulation (PWM) and maximum power point tracking (MPPT) are the two technologies used in solar charge controller. The operating efficiency of MPPT charge controller is more as compared to PWT charge controller. However, PWM solar charge controller is preferred due to its cost-effectiveness. MPPT solar charge controllers are largely used in high-power frameworks. Due to increasing consumer preferences for both the solar charge controllers depending on their needs, the solar charge controller market is gaining momentum.
Government bodies of several nations are promoting the use of solar energy with an intention of conserving energy by maximum use of natural energy resources. This aspect can help in reducing the dependence on renewable fuel-based power generation. The rising awareness among the masses about the advantages of solar energy has predicted a promising growth of solar charge controller market.
The key market players are investing in R&D activities to incorporate innovations and technologies in order to make their production activities smooth and effective. The competitors are showing interest in joining hands with small enterprises and in other strategic moves such as mergers and acquisitions, joint ventures, and partnerships in order to establish their market presence. The increasing interest of key players in commercialization of their products by investing in promotional activities is expected to boost the growth of the solar charge controller market.
As governments around the world focus their efforts on curbing pollution, the demand for alternative means of deriving power will surge. Against this backdrop various markets recorded tremendous growth in the recent past, the global solar charge controller market being one among them. Transparency Market Research has opined that the market is currently in a transitional phase, chiefly driven by various government initiatives and the shifting preference toward renewable sources to derive energy. Coupled with this, technological innovations and commercialization of solar charge controllers will ensue robust growth in the market.
Contrary to aforementioned growth drivers, the market players often incur huge expenses on installation. Furthermore, the maintenance cost of solar charge controllers is really high, thus hindering the smooth sail of the market. Nonetheless, the rising investment in infrastructural development and continued advancements in technology will offer immense opportunities for the growth to the global solar charge controller market in the coming years.
To present an in-depth overview, the report segments the global solar charge controller market in terms of type and end use, part from region. Based on type, the solar charge controller market is classified into pulse-width modulation (PWM) charge controller, maximum power point tracking (MPPT) charge controller, and simple 1 or 2 stage controls. Of these, TMR has observed rising penetration of PWM across diverse end-use industries. A PWM solar charge controller snips excess solar voltage, which in turn results in a loss of total power. As a result, the excess voltage generated by the solar array is reduced to the voltage value of the battery. Over the last couple of years, PWM solar charge controllers is therefore witnessing high demand. However, in the coming years, the MPPT segment is likely to gain momentum, as it has been established through tests that MPPT charge controllers outperform PWM charge controllers in cold and temperate climates.
By end use, utility scale, commercial and industrial buildings, and solar home systems constitute the key segments in the global solar charge controller market. Of these, holding the largest share in the market, utility scale emerged dominant in 2016. Besides this, impressive growth is on cards for industrial and home systems segments as the world realizes the benefit of solar power.
In terms of region, the global solar charge controller market has been classified into North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Among these regions, Asia Pacific holds the maximum share in the global solar charge controller market. The rising demand for solar charge controllers from economies such as India, China and Japan will create lucrative prospects for the market in the region. The Asia Pacific market is also estimated to be exhibit the highest growth during the course of the report’s forecast period due to the increase in the demand from industrial and residential segments. Demand witnessed in Europe and North America might get a little affected in the coming years as they are mature markets, while the Middle East & Africa and the Latin America are identified as emerging markets and are expected to show considerable growth opportunities during the forecast period.
Key players in the global solar charge controller market are expected to benefit from the emerging market. Prominent players in the global solar charge controller market are OutBack Power Inc, Xantrex Technologies, Genasun LLC, Luminous Power Technologies Pvt. Ltd, Wenzhou Xihe Electric Co., Ltd, Phocos, Beijing Epsolar Technology Co., Ltd, Steca Elektronik GmbH, and Sollatek among others.
With the increased industrialization and thereby growing levels of pollution across the globe, the government bodies of major countries in the world are taking initiatives to minimize pollution levels. This scenario has resulted into increased demand for alternative options to generate power. Owing to this factor, there is notable growth in the use of solar charge controllers in all worldwide locations.
Solar charge controller refers to an electronic device that finds application in the management of the power going from the solar array into the battery bank. The device is gaining traction as it helps in the prevention of overcharging of deep cycle batteries during the day. Moving forward, the solar charge controller also ensures that the power does not drain the batteries and run back to the solar panels overnight. Apart from this, several charge controllers offer additional features such as lighting and load control.
There are two main technologies utilized in a solar charge controller, namely, MPPT and PWM. Generally, MPPT charge controller seems to be more costly; however, it shows high efficiency as compared to a PWM charge controller. While the solar charge controller industry seems to be in its transitional stage, it is mainly driven by different initiatives taken by the government bodies across the globe. Moving forward, the increased preference of many governments toward renewable sources for energy generation is creating promising expansion avenues for the companies in the solar charge controller market.
Major companies working in the solar charge controller market are growing focus toward incorporation of technological innovations in their production activities. As a result, they are seen investing in the research and development activities. Moving forward, several enterprises are increasing interest in the commercialization of solar charge controllers. On the back of all these factors, the global solar charge controller market is expected to gather promising expansion avenues in the forthcoming years.
The global Solar Charge Controller market has been segmented as follows:
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1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary : Global Solar Charge Controller Market
3.1. Global Solar Charge Controller Market Size (US$ Mn), 2016-2025
4. Market Overview
4.1. Introduction
4.1.1. Solar Charge Controller Market Definition
4.1.2. Key Industry Developments
4.1.3. Technology Development
4.1.4. Top Solar PV Production Capacity by Country
4.1.5. Global top 10 Solar PV markets total installed shares by country (2016)
4.2. Key Market Indicators
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunity
4.3.3.1. Capacity Additions and Shares of Top 10 European Solar PV Markets in 2016 vs 2021
4.4. Porter’s Five Force Analysis
4.5. Value Chain Analysis
4.5.1. List of Key Manufacturers
4.5.2. List of Customers
4.5.3. Level of Integration
4.6. Regulatory Scenario
5. Global Solar Charge Controller Market Analysis and Forecasts, by Type
5.1. Introduction & Definition
5.2. Key Findings
5.3. Market Size (US$ Mn) Forecast by Type, 2016-2025
5.3.1. Simple 1 or 2 stage controls
5.3.2. MPPT – (Maximum Power Point Tracking )
5.3.3. PWM –( Pulse-Width Modulation )
5.4. Market Attractiveness By Type
6. Global Solar Charge Controller market Analysis and Forecasts, End Use
6.1. Introduction & Definition
6.2. Key Findings
6.3. Market Size (US$ Mn) Forecast by End Use , 2016-2025
6.3.1. Solar home systems
6.3.2. Industrial/commercial buildings
6.3.3. Utility scale
6.4. Market Attractiveness By End Use Segment
7. Global Solar Charge Controller market Analysis and Forecasts, by Region
7.1. Key Findings
7.2. Market Size (US$ Mn) Forecast by Region, 2016-2025
7.2.1. North America
7.2.2. Europe
7.2.3. Latin America
7.2.4. Asia Pacific
7.2.5. Middle East & Africa
7.3. Market Attractiveness By Country/ Region
8. North America Solar Charge Controller market Size (US$ Mn), 2016-2025
8.1. Key Findings
8.2. North America Market Size (US$ Mn), by Type
8.3. North America Market Size (US$ Mn), by End Use
8.3.1. U.S. Market Size (US$ Mn), by Type
8.3.2. U.S. Market Size (US$ Mn), by End Use
8.3.3. Canada Market Size (US$ Mn), by Type
8.3.4. Canada Market Size (US$ Mn), by End Use
8.4. North America Solar Charge Controller market Attractiveness Analysis
8.5. PEST Analysis
9. Europe Solar Charge Controller market Size (US$ Mn), 2016-2025
9.1. Key Findings
9.2. Europe Market Size (US$ Mn), by Type
9.3. Europe Market Size (US$ Mn), by End Use
9.3.1. Germany Market Size (US$ Mn), by Type
9.3.2. Germany Market Size (US$ Mn), by End Use
9.3.3. U.K. Market Size (US$ Mn), by Type
9.3.4. U.K. Market Size (US$ Mn), by End Use
9.3.5. France Market Size (US$ Mn), by Type
9.3.6. France Market Size (US$ Mn), by End Use
9.3.7. Italy Market Size (US$ Mn), by Type
9.3.8. Italy Market Size (US$ Mn), by End Use
9.3.9. Rest of Europe Market Size (US$ Mn), by Type
9.3.10. Rest of Europe Market Size (US$ Mn), by End Use
9.4. Europe Solar Charge Controller market Attractiveness Analysis
9.5. PEST Analysis
10. Latin America Solar Charge Controller market Size (US$ Mn), 2016-2025
10.1. Key Findings
10.2. Latin America Market Size (US$ Mn), by Type
10.3. Latin America Market Size (US$ Mn), by End Use
10.3.1. Mexico Market Size (US$ Mn), by Type
10.3.2. Mexico Market Size (US$ Mn), by End Use
10.3.3. Brazil Market Size (US$ Mn), by Type
10.3.4. Brazil Market Size (US$ Mn), by End Use
10.3.5. Rest of Latin America Market Size (US$ Mn), by Type
10.3.6. Rest of Latin America Market Size (US$ Mn), by End Use
10.4. Latin America Solar Charge Controller market Attractiveness Analysis
10.5. PEST Analysis
11. Asia-Pacific Solar Charge Controller market Size (US$ Mn), 2016-2025
11.1. Key Findings
11.2. Asia-Pacific Market Size (US$ Mn), by Type
11.3. Asia-Pacific Market Size (US$ Mn), by End Use
11.3.1. China Market Size (US$ Mn), by Type
11.3.2. China Market Size (US$ Mn), by End Use Segment
11.3.3. India Market Size (US$ Mn), by Type
11.3.4. India Market Size (US$ Mn), by End Use
11.3.5. Japan Market Size (US$ Mn), by Type
11.3.6. Japan Market Size (US$ Mn), by End Use
11.3.7. ASEAN Market Size (US$ Mn), by Type
11.3.8. ASEAN Market Size (US$ Mn), by End Use
11.3.9. Rest of Asia-Pacific Market Size (US$ Mn), by Type
11.3.10. Rest of Asia-Pacific Market Size (US$ Mn), by End Use segment
11.4. Asia-Pacific Solar Charge Controller market Attractiveness Analysis
11.5. PEST Analysis
12. Middle East & Africa Solar Charge Controller market Size (US$ Mn), 2016-2025
12.1. Key Findings
12.2. Middle East & Africa Market Size (US$ Mn), by Type
12.3. Middle East & Africa Market Size (US$ Mn), by End Use
12.3.1. South Africa Market Size (US$ Mn), by Type
12.3.2. South Africa Market Size (US$ Mn), by End Use
12.3.3. GCC Market Size (US$ Mn), by Type
12.3.4. GCC Market Size (US$ Mn), by End Use
12.3.5. Rest of Middle East & Africa Market Size (US$ Mn), by Type
12.3.6. Rest of Middle East & Africa Market Size (US$ Mn), by Source Segment
12.3.7. Rest of Middle East & Africa Market Size (US$ Mn), by End Use
12.4. Middle East & Africa Solar Charge Controller market Attractiveness Analysis
12.5. PEST Analysis
13. Competition Landscape
13.1. Market Share Analysis by Company (2016)
13.2. Market Player-Competition Matrix (By Tier and Size of companies)
13.3. Company Profiles (Details - Overview, Financials, Recent Developments, Strategy)
13.3.1. OutBack Power Inc
13.3.2. Xantrex Technologies.
13.3.3. Genasun LLC
13.3.4. Luminous Power Technologies Pvt. Ltd
13.3.5. Wenzhou Xihe Electric Co., Ltd
13.3.6. Phocos
13.3.7. Beijing Epsolar Technology Co., Ltd.
13.3.8. Steca Elektronik GmbH
13.3.9. Sollatek
14. Primary Research – Key Insights
List of Tables
Table 1 Global Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016-2025
Table 2 Global Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016-2025
Table 3 Global Solar Charge Controller Market Size (US$ Mn) Forecast, by Region, 2016-2025
Table 4 North America Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 5 North America Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
Table 6 North America Solar Charge Controller Market Size (US$ Mn) Forecast, by Country, 2016–2025
Table 7 U.S. Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 8 U.S. Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
Table 9 Canada Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 10 Canada Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
Table 11 Europe Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 12 Europe Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
Table 13 Europe Solar Charge Controller Market Size (US$ Mn) Forecast, by Country, 2016–2025
Table 14 Germany Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 15 Germany Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
Table 16 U.K. Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 17 U.K. Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
Table 18 Italy Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 19 Italy Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
Table 20 Rest of Europe Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 21 Rest of Europe Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
Table 22 Latin America Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 23 Latin America Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
Table 24 Latin America Solar Charge Controller Market Size (US$ Mn) Forecast, by Country / Sub-region, 2016–2025
Table 25 Mexico Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 26 Mexico Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
Table 27 Brazil Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 28 Brazil Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
Table 29 Rest of Latin America Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 30 Rest of Latin America Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
Table 31 Asia Pacific Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 32 Asia Pacific Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
Table 33 Asia Pacific Solar Charge Controller Market Size (US$ Mn) Forecast, by Country / Sub-region, 2016–2025
Table 34 China Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 35 China Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
Table 36 Japan Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 37 Japan Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
Table 38 India Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 39 India Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
Table 40 ASEAN Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 41 ASEAN Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
Table 42 Rest of Asia Pacific Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 43 Rest of Asia Pacific Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
Table 44 Middle East & Africa Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 45 Middle East & Africa Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
Table 46 Middle East & Africa Solar Charge Controller Market Size (US$ Mn) Forecast, by Country, 2016–2025
Table 47 GCC Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 48 GCC Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
Table 49 South Africa Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 50 South Africa Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
Table 51 Rest of Middle East & Africa Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
Table 52 Rest of Middle East & Africa Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
List of Figures
Figure 1 Market Snapshot, Global Solar Charge Controller Market, Indicative Revenue (US$ Mn)
Figure 2 Global Solar Charge Controller Market Value Share Analysis, by Material Type, 2016 and 2025
Figure 3 Global Solar Charge Controller Market , by Simple 1 or 2 stage controls (US$ Mn), 2016–2025
Figure 4 Global Solar Charge Controller Market, by PWM (US$ Mn), 2016–2025
Figure 5 Global Solar Charge Controller Market , by MPPT (US$ Mn), 2016–2025
Figure 6 Global Solar Charge Controller Market Attractiveness Analysis, by Type
Figure 7 Global Solar Charge Controller Market Value Share Analysis, by End-user, 2016 and 2025
Figure 8 Global Solar Charge Controller Market , by Solar Home Systems (US$ Mn), 2016–2025
Figure 9 Global Solar Charge Controller Market , by Industrial/ commercial buildings (US$ Mn), 2016–2025
Figure 10 Global Solar Charge Controller Market , by Utility Scale (US$ Mn), 2016–2025
Figure 11 Global Solar Charge Controller Market Attractiveness Analysis, by End-user
Figure 12 Global Solar Charge Controller Market Value Share Analysis, by Region, 2016 and 2025
Figure 13 Global Solar Charge Controller Market Attractiveness Analysis, by Region
Figure 14 North America Solar Charge Controller Market Size (US$ Mn) Forecast, 2016–2025
Figure 15 North America Solar Charge Controller Market Attractiveness Analysis, by Country
Figure 16 North America Solar Charge Controller Market Value Share Analysis, by Type, 2016 and 2025
Figure 17 North America Solar Charge Controller Market Value Share Analysis, by End-use, 2016 and 2025
Figure 18 North America Solar Charge Controller Market Value Share Analysis, by Country, 2016 and 2025
Figure 19 North America Solar Charge Controller Market Attractiveness Analysis, by Type
Figure 20 North America Solar Charge Controller Market Attractiveness Analysis, by Application
Figure 21 Europe Solar Charge Controller Market Size (US$ Mn) Forecast, 2016–2025
Figure 22 Europe Solar Charge Controller Market Attractiveness Analysis, by Country
Figure 23 Europe Solar Charge Controller Market Value Share Analysis, by Type, 2016 and 2025
Figure 24 Europe Solar Charge Controller Market Value Share Analysis, by End-use, 2016 and 2025
Figure 25 Europe Solar Charge Controller Market Value Share Analysis, by Country, 2016 and 2025
Figure 26 Europe Solar Charge Controller Market Attractiveness Analysis, by Type
Figure 27 Europe Solar Charge Controller Market Attractiveness Analysis, by End-use
Figure 28 Latin America Solar Charge Controller Market Size (US$ Mn) Forecast, 2016–2025
Figure 29 Latin America Solar Charge Controller Market Attractiveness Analysis, by Country / Sub-region
Figure 30 Latin America Solar Charge Controller Market Value Share Analysis, by Type, 2016 and 2025
Figure 31 Latin America Solar Charge Controller Market Value Share Analysis, by End-use, 2016 and 2025
Figure 32 Latin America Solar Charge Controller Market Value Share Analysis, by Country / Sub-region, 2016 and 2025
Figure 33 Latin America Solar Charge Controller Market Attractiveness Analysis, by Type
Figure 34 Latin America Solar Charge Controller Market Attractiveness Analysis, by End-use
Figure 35 Asia Pacific Solar Charge Controller Market Size (US$ Mn) Forecast, 2016–2025
Figure 36 Asia Pacific Solar Charge Controller Market Attractiveness Analysis, by Country / Sub-region
Figure 37 Asia Pacific Solar Charge Controller Market Value Share Analysis, by Type, 2016 and 2025
Figure 38 Asia Pacific Solar Charge Controller Market Value Share Analysis, by End-use, 2016 and 2025
Figure 39 Asia Pacific Solar Charge Controller Market Value Share Analysis, by Country / Sub-region, 2016 and 2025
Figure 40 Asia Pacific Solar Charge Controller Market Attractiveness Analysis, by Type
Figure 41 Asia Pacific Solar Charge Controller Market Attractiveness Analysis, by End-use
Figure 42 Middle East & Africa Solar Charge Controller Market Size (US$ Mn) Forecast, 2016–2025
Figure 43 Middle East & Africa Solar Charge Controller Market Attractiveness Analysis, by Country/sub-region
Figure 44 Middle East & Africa Solar Charge Controller Market Value Share Analysis, by Type, 2016 and 2025
Figure 45 Middle East & Africa Solar Charge Controller Market Value Share Analysis, by End-use, 2016 and 2025
Figure 46 Middle East & Africa Solar Charge Controller Market Value Share Analysis, by Country, 2016 and 2025
Figure 47 Middle East & Africa Solar Charge Controller Market Attractiveness Analysis, by Type
Figure 48 Middle East & Africa Solar Charge Controller Market Attractiveness Analysis, by End-use
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*86 figures and 60 tables includes