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Global Solar Charge Controller Market Size, Share & Industry Trends Analysis Report By End User, By Type, By Current Capacity (20A to 40A, Less than 20A, and More than 40A), By Regional Outlook and Forecast, 2022 - 2028

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    Report

  • 199 Pages
  • July 2022
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5645774
Description Jump to:
The Global Solar Charge Controller Market size is expected to reach $2.6 billion by 2028, rising at a market growth of 7.0 % CAGR during the forecast period.

Voltage is regulated & controlled by an electronic instrument, which is called a solar charge controller. In off-grid & hybrid off-grid applications, it is used to run electrical loads & charge batteries in order to produce the best output. Battery damage is prevented by solar charge controllers through preventing overcharging. Additionally, preserving battery health facilitates quick charging and lengthens battery life. The market for solar charge controllers has benefited from these product features.



The greatest alternative for electrical storage in the form of batteries is a solar charge controller, which is powered by solar energy. Since there is a lack of electricity in some areas of the world, there are frequent power outages in these areas. Furthermore, there has been a significant increase in demand for the installation of off-grid solar panel installations.

The solar charge controller regulates the voltage & current flow from the solar panels to the connected battery, guarding against overcharging or discharge of the battery. Off-grid solar panels typically use solar charge controllers to regulate the energy flow into batteries. The majority of commercially available solar charge controllers for PV systems regulate the charging current using a switched series regulator. A solar-powered voltage & current regulator is known as a solar charge controller. In off-grid and hybrid off-grid applications, they are used to regulate power input from PV arrays so that the best power output is delivered to run electrical loads & charge batteries. Solar charge regulators and solar charge converters are synonyms.

COVID-19 Impact Analysis

The COVID-19 outbreak affected almost all industries in one or another manner. The pandemic-related lockdown led to a temporary prohibition on production, processing, and import/export across numerous industries, which reduced demand for solar power components such as batteries, panels, controllers, & other parts. The development of the solar charge controller market was also affected by the suspension of solar energy power plant construction due to a lack of laborers and an expansion of the demand-supply imbalance during the pandemic period.

Market Growth Factors

The Use Of Smart Communication Technology Accelerates The Demand

A significant trend in the solar industry is the spread of smart technology throughout numerous industrial spheres. The functional capabilities of solar charge controllers and, consequently, the output, are being greatly influenced by the integration of Bluetooth 4.0 as well as BLE (Bluetooth Smart) technologies. Bluetooth-enabled MPPT solar charge controllers are in use for parameter adjustment, wireless monitoring, and real-time data checking. The history of solar output, battery voltage, & overall load output are all included in the real-time data transfer.



Growing Off-Grid Solar Panel System Installation

Due to frequent power outages and the restricted electricity supply in some places, solar charge controller use is rising. This movement has been gaining ground in Latin American, African, and Asian countries. Recent growth in the installation of off-grid solar panel systems is an important development in the solar charge controller market. Growing awareness and financial incentives for the installation of solar panel systems based off the grid will have a substantial positive impact on the market for solar charge controllers.

Market Restraining Factors

Expensive Installation As Well As Energy Storage

Solar energy is expensive, at least initially. Depending on the components companies select, the cost to install a system to power the typical American home could range from $8,000 to $10,000. The price of delivery and installation is not included. Even while someone starts to break even on the investment over time and start to make money, not everyone has thousands of dollars lying around to invest in their solar aspirations. The primary obstacle to going solar is the initial cost. There are financing alternatives available, and even when interest is considered in, the payback period is extremely favorable. But not everybody wants to be responsible for making loan payments.

Type Outlook

Based on type, the solar charge controller market is fragmented into Pulse Width Modulation (PWM), Maximum Power Point Tracking (MPPT), and Simple 1 or 2 stage Control. This is linked to an increase in the worldwide deployment of solar power generation infrastructure. Additionally, MPPT solar charge controllers extract the most electricity possible from solar panels and perform better than PWM solar charge controllers in terms of efficiency & performance, all of which are anticipated to propel the market's expansion over the forecast period.

Current Capacity Outlook

By current capacity, the solar charge controller market is segmented into Less than 20A, 20A to 40A, and more than 40A. The more than 40A segment procured a substantial revenue share in the solar charge controller market in 2021. The solar charge controllers with more than 40A capacity are considered to be the most efficient. Such solar charge controllers provide maximum power point solar charging with up to 99 percent tracking efficiency, supplying additional energy to the battery bank due to which the demand for these solar charge controllers is increasing.

End-User Outlook

Based on the end-user, the solar charge controller market is classified into residential, industrial commercial and utilities. The industrial segment covered a substantial revenue share in the solar charge controller market in 2021. For large-scale solar installations, MPPT solar charge controllers without load output terminals were designed. In utility-scale solar arrays, the controllers are integrated with sizable off-grid inverters. Over the projected period, the segment's expansion is expected to be fueled by increased industrial-scale project activity and rising clean electricity demand.

Regional Outlook

Region-wise, the solar charge controller market is analyzed across North America, Europe, Asia Pacific, and LAMEA. Asia Pacific acquired the highest revenue share in the solar charge controller market in 2021. The Asia Pacific region's substantial customer base and important player presence are the major factors responsible for the growth of the regional solar charge controller market. China provides the largest portion of revenue. In addition to the rise of commercial offices, the growing electricity demand-supply mismatch in developing economies is predicted to accelerate regional market growth during the projection period.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, EnerSys, Xantrex Technologies, Inc. (Mission Critical Electronics LLC), Sunforge LLC, Luminous Power Technologies (P) Ltd., Studer Innotec SA, KATEK Memmingen GmbH, Shenzhen Shuori New Energy Technology Co. Ltd., Microtek International Pvt Ltd., and Phocas AG.

Scope of the Study

Market Segments Covered in the Report:

By End User

  • Commercial
  • Industrial
  • Residential
  • Utilities

By Type

  • Maximum Power Point Tracking (MPPT)
  • Pulse Width Modulation (PWM)
  • Simple 1 or 2 stage Control

By Current Capacity

  • 20A to 40A
  • Less than 20A
  • More than 40A

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Schneider Electric SE
  • EnerSys
  • Xantrex Technologies, Inc. (Mission Critical Electronics LLC)
  • Sunforge LLC
  • Luminous Power Technologies (P) Ltd.
  • Studer Innotec SA
  • KATEK Memmingen GmbH
  • Shenzhen Shuori New Energy Technology Co. Ltd.
  • Microtek International Pvt Ltd.
  • Phocas AG

Unique Offerings from the Publisher

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Solar Charge Controller Market, by End User
1.4.2 Global Solar Charge Controller Market, by Type
1.4.3 Global Solar Charge Controller Market, by Current Capacity
1.4.4 Global Solar Charge Controller Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Solar Charge Controller Market by End User
3.1 Global Commercial Market by Region
3.2 Global Industrial Market by Region
3.3 Global Residential Market by Region
3.4 Global Utilities Market by Region
Chapter 4. Global Solar Charge Controller Market by Type
4.1 Global Maximum Power Point Tracking (MPPT) Market by Region
4.2 Global Pulse Width Modulation (PWM) Market by Region
4.3 Global Simple 1 or 2 stage Control Market by Region
Chapter 5. Global Solar Charge Controller Market by Current Capacity
5.1 Global 20A to 40A Market by Region
5.2 Global Less than 20A Market by Region
5.3 Global More than 40A Market by Region
Chapter 6. Global Solar Charge Controller Market by Region
6.1 North America Solar Charge Controller Market
6.1.1 North America Solar Charge Controller Market by End User
6.1.1.1 North America Commercial Market by Country
6.1.1.2 North America Industrial Market by Country
6.1.1.3 North America Residential Market by Country
6.1.1.4 North America Utilities Market by Country
6.1.2 North America Solar Charge Controller Market by Type
6.1.2.1 North America Maximum Power Point Tracking (MPPT) Market by Country
6.1.2.2 North America Pulse Width Modulation (PWM) Market by Country
6.1.2.3 North America Simple 1 or 2 stage Control Market by Country
6.1.3 North America Solar Charge Controller Market by Current Capacity
6.1.3.1 North America 20A to 40A Market by Country
6.1.3.2 North America Less than 20A Market by Country
6.1.3.3 North America More than 40A Market by Country
6.1.4 North America Solar Charge Controller Market by Country
6.1.4.1 US Solar Charge Controller Market
6.1.4.1.1 US Solar Charge Controller Market by End User
6.1.4.1.2 US Solar Charge Controller Market by Type
6.1.4.1.3 US Solar Charge Controller Market by Current Capacity
6.1.4.2 Canada Solar Charge Controller Market
6.1.4.2.1 Canada Solar Charge Controller Market by End User
6.1.4.2.2 Canada Solar Charge Controller Market by Type
6.1.4.2.3 Canada Solar Charge Controller Market by Current Capacity
6.1.4.3 Mexico Solar Charge Controller Market
6.1.4.3.1 Mexico Solar Charge Controller Market by End User
6.1.4.3.2 Mexico Solar Charge Controller Market by Type
6.1.4.3.3 Mexico Solar Charge Controller Market by Current Capacity
6.1.4.4 Rest of North America Solar Charge Controller Market
6.1.4.4.1 Rest of North America Solar Charge Controller Market by End User
6.1.4.4.2 Rest of North America Solar Charge Controller Market by Type
6.1.4.4.3 Rest of North America Solar Charge Controller Market by Current Capacity
6.2 Europe Solar Charge Controller Market
6.2.1 Europe Solar Charge Controller Market by End User
6.2.1.1 Europe Commercial Market by Country
6.2.1.2 Europe Industrial Market by Country
6.2.1.3 Europe Residential Market by Country
6.2.1.4 Europe Utilities Market by Country
6.2.2 Europe Solar Charge Controller Market by Type
6.2.2.1 Europe Maximum Power Point Tracking (MPPT) Market by Country
6.2.2.2 Europe Pulse Width Modulation (PWM) Market by Country
6.2.2.3 Europe Simple 1 or 2 stage Control Market by Country
6.2.3 Europe Solar Charge Controller Market by Current Capacity
6.2.3.1 Europe 20A to 40A Market by Country
6.2.3.2 Europe Less than 20A Market by Country
6.2.3.3 Europe More than 40A Market by Country
6.2.4 Europe Solar Charge Controller Market by Country
6.2.4.1 Germany Solar Charge Controller Market
6.2.4.1.1 Germany Solar Charge Controller Market by End User
6.2.4.1.2 Germany Solar Charge Controller Market by Type
6.2.4.1.3 Germany Solar Charge Controller Market by Current Capacity
6.2.4.2 UK Solar Charge Controller Market
6.2.4.2.1 UK Solar Charge Controller Market by End User
6.2.4.2.2 UK Solar Charge Controller Market by Type
6.2.4.2.3 UK Solar Charge Controller Market by Current Capacity
6.2.4.3 France Solar Charge Controller Market
6.2.4.3.1 France Solar Charge Controller Market by End User
6.2.4.3.2 France Solar Charge Controller Market by Type
6.2.4.3.3 France Solar Charge Controller Market by Current Capacity
6.2.4.4 Russia Solar Charge Controller Market
6.2.4.4.1 Russia Solar Charge Controller Market by End User
6.2.4.4.2 Russia Solar Charge Controller Market by Type
6.2.4.4.3 Russia Solar Charge Controller Market by Current Capacity
6.2.4.5 Spain Solar Charge Controller Market
6.2.4.5.1 Spain Solar Charge Controller Market by End User
6.2.4.5.2 Spain Solar Charge Controller Market by Type
6.2.4.5.3 Spain Solar Charge Controller Market by Current Capacity
6.2.4.6 Italy Solar Charge Controller Market
6.2.4.6.1 Italy Solar Charge Controller Market by End User
6.2.4.6.2 Italy Solar Charge Controller Market by Type
6.2.4.6.3 Italy Solar Charge Controller Market by Current Capacity
6.2.4.7 Rest of Europe Solar Charge Controller Market
6.2.4.7.1 Rest of Europe Solar Charge Controller Market by End User
6.2.4.7.2 Rest of Europe Solar Charge Controller Market by Type
6.2.4.7.3 Rest of Europe Solar Charge Controller Market by Current Capacity
6.3 Asia Pacific Solar Charge Controller Market
6.3.1 Asia Pacific Solar Charge Controller Market by End User
6.3.1.1 Asia Pacific Commercial Market by Country
6.3.1.2 Asia Pacific Industrial Market by Country
6.3.1.3 Asia Pacific Residential Market by Country
6.3.1.4 Asia Pacific Utilities Market by Country
6.3.2 Asia Pacific Solar Charge Controller Market by Type
6.3.2.1 Asia Pacific Maximum Power Point Tracking (MPPT) Market by Country
6.3.2.2 Asia Pacific Pulse Width Modulation (PWM) Market by Country
6.3.2.3 Asia Pacific Simple 1 or 2 stage Control Market by Country
6.3.3 Asia Pacific Solar Charge Controller Market by Current Capacity
6.3.3.1 Asia Pacific 20A to 40A Market by Country
6.3.3.2 Asia Pacific Less than 20A Market by Country
6.3.3.3 Asia Pacific More than 40A Market by Country
6.3.4 Asia Pacific Solar Charge Controller Market by Country
6.3.4.1 China Solar Charge Controller Market
6.3.4.1.1 China Solar Charge Controller Market by End User
6.3.4.1.2 China Solar Charge Controller Market by Type
6.3.4.1.3 China Solar Charge Controller Market by Current Capacity
6.3.4.2 Japan Solar Charge Controller Market
6.3.4.2.1 Japan Solar Charge Controller Market by End User
6.3.4.2.2 Japan Solar Charge Controller Market by Type
6.3.4.2.3 Japan Solar Charge Controller Market by Current Capacity
6.3.4.3 India Solar Charge Controller Market
6.3.4.3.1 India Solar Charge Controller Market by End User
6.3.4.3.2 India Solar Charge Controller Market by Type
6.3.4.3.3 India Solar Charge Controller Market by Current Capacity
6.3.4.4 South Korea Solar Charge Controller Market
6.3.4.4.1 South Korea Solar Charge Controller Market by End User
6.3.4.4.2 South Korea Solar Charge Controller Market by Type
6.3.4.4.3 South Korea Solar Charge Controller Market by Current Capacity
6.3.4.5 Singapore Solar Charge Controller Market
6.3.4.5.1 Singapore Solar Charge Controller Market by End User
6.3.4.5.2 Singapore Solar Charge Controller Market by Type
6.3.4.5.3 Singapore Solar Charge Controller Market by Current Capacity
6.3.4.6 Malaysia Solar Charge Controller Market
6.3.4.6.1 Malaysia Solar Charge Controller Market by End User
6.3.4.6.2 Malaysia Solar Charge Controller Market by Type
6.3.4.6.3 Malaysia Solar Charge Controller Market by Current Capacity
6.3.4.7 Rest of Asia Pacific Solar Charge Controller Market
6.3.4.7.1 Rest of Asia Pacific Solar Charge Controller Market by End User
6.3.4.7.2 Rest of Asia Pacific Solar Charge Controller Market by Type
6.3.4.7.3 Rest of Asia Pacific Solar Charge Controller Market by Current Capacity
6.4 LAMEA Solar Charge Controller Market
6.4.1 LAMEA Solar Charge Controller Market by End User
6.4.1.1 LAMEA Commercial Market by Country
6.4.1.2 LAMEA Industrial Market by Country
6.4.1.3 LAMEA Residential Market by Country
6.4.1.4 LAMEA Utilities Market by Country
6.4.2 LAMEA Solar Charge Controller Market by Type
6.4.2.1 LAMEA Maximum Power Point Tracking (MPPT) Market by Country
6.4.2.2 LAMEA Pulse Width Modulation (PWM) Market by Country
6.4.2.3 LAMEA Simple 1 or 2 stage Control Market by Country
6.4.3 LAMEA Solar Charge Controller Market by Current Capacity
6.4.3.1 LAMEA 20A to 40A Market by Country
6.4.3.2 LAMEA Less than 20A Market by Country
6.4.3.3 LAMEA More than 40A Market by Country
6.4.4 LAMEA Solar Charge Controller Market by Country
6.4.4.1 Brazil Solar Charge Controller Market
6.4.4.1.1 Brazil Solar Charge Controller Market by End User
6.4.4.1.2 Brazil Solar Charge Controller Market by Type
6.4.4.1.3 Brazil Solar Charge Controller Market by Current Capacity
6.4.4.2 Argentina Solar Charge Controller Market
6.4.4.2.1 Argentina Solar Charge Controller Market by End User
6.4.4.2.2 Argentina Solar Charge Controller Market by Type
6.4.4.2.3 Argentina Solar Charge Controller Market by Current Capacity
6.4.4.3 UAE Solar Charge Controller Market
6.4.4.3.1 UAE Solar Charge Controller Market by End User
6.4.4.3.2 UAE Solar Charge Controller Market by Type
6.4.4.3.3 UAE Solar Charge Controller Market by Current Capacity
6.4.4.4 Saudi Arabia Solar Charge Controller Market
6.4.4.4.1 Saudi Arabia Solar Charge Controller Market by End User
6.4.4.4.2 Saudi Arabia Solar Charge Controller Market by Type
6.4.4.4.3 Saudi Arabia Solar Charge Controller Market by Current Capacity
6.4.4.5 South Africa Solar Charge Controller Market
6.4.4.5.1 South Africa Solar Charge Controller Market by End User
6.4.4.5.2 South Africa Solar Charge Controller Market by Type
6.4.4.5.3 South Africa Solar Charge Controller Market by Current Capacity
6.4.4.6 Nigeria Solar Charge Controller Market
6.4.4.6.1 Nigeria Solar Charge Controller Market by End User
6.4.4.6.2 Nigeria Solar Charge Controller Market by Type
6.4.4.6.3 Nigeria Solar Charge Controller Market by Current Capacity
6.4.4.7 Rest of LAMEA Solar Charge Controller Market
6.4.4.7.1 Rest of LAMEA Solar Charge Controller Market by End User
6.4.4.7.2 Rest of LAMEA Solar Charge Controller Market by Type
6.4.4.7.3 Rest of LAMEA Solar Charge Controller Market by Current Capacity
Chapter 7. Company Profiles
7.1 Schneider Electric SE
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental And Regional Analysis
7.1.4 Research & Development Expense
7.2 EnerSys
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental Analysis
7.3 Xantrex Technologies, Inc. (Mission Critical Electronics LLC)
7.3.1 Company Overview
7.3.2 Recent Strategies and Development
7.3.2.1 Product launches and Product Expansions:
7.4 Sunforge LLC
7.4.1 Company Overview
7.5 Luminous Power Technologies (P) Ltd.
7.5.1 Company Overview
7.6 Studer Innotec SA
7.6.1 Company Overview
7.7 KATEK Memmingen GmbH
7.7.1 Company Overview
7.8 Shenzhen Shuori New Energy Technology Co. Ltd.
7.8.1 Company Overview
7.9 Microtek International Pvt. Ltd.
7.9.1 Company Overview
7.10. Phocas AG
7.10.1 Company Overview

Companies Mentioned

  • Schneider Electric SE
  • EnerSys
  • Xantrex Technologies, Inc. (Mission Critical Electronics LLC)
  • Sunforge LLC
  • Luminous Power Technologies (P) Ltd.
  • Studer Innotec SA
  • KATEK Memmingen GmbH
  • Shenzhen Shuori New Energy Technology Co. Ltd.
  • Microtek International Pvt Ltd.
  • Phocas AG

Methodology

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