Market Overview:
The global PV charge controller market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources, rising awareness about energy conservation, and government initiatives and subsidies for the deployment of solar power systems. The global PV charge controller market is segmented on the basis of type, application, and region. On the basis of type, it is divided into standard PV charge controllers, PWM controllers, and MPPT controllers. Standard PV charge controllers are further classified into single-phase and three-phase types. On the basis of application, it is segmented into household applications; commercial applications such as office buildings or shopping malls; industrial applications such as factories or data centers; agricultural applications such as greenhouses or livestock farms; and other applications including telecommunications towers or transportation systems. Regionally speaking, it covers North America (the U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China) Japan)], MEA(South Africa).
Product Definition:
A PV charge controller is an electronic device that regulates the charging of batteries from a photovoltaic (PV) array. It is important to use a PV charge controller to prevent overcharging and damage to the battery.
Standard PV Charge Controller:
The global standard pv charge controller market size was valued at USD 1.5 billion in 2015 and is expected to witness significant growth over the forecast period owing to its increasing penetration across various applications including residential, commercial, and industrial. The growing demand for renewable energy globally has led to an increase in installations of photovoltaic charge controllers that are used as a part of solar panels.
PWM:
Pulse-width modulation is a technique where the pulse width is modulated to vary the current flow. The charge controller uses this information to regulate and control the battery charging process.
The PV charge controller regulates voltage and current in a solar power system by using PWM, which stands for Pulse-Width Modulation. A solar cell generates maximum output when it’s exposed to sunlight; however, all cells in a PV module do not receive equal exposure.
Application Insights:
The others application segment includes industrial, transportation and institutional. The household segment dominated the global PV charge controller market in 2017, accounting for over 60% of the overall revenue share. This is attributed to growing demand for energy efficient products across residential buildings worldwide. Moreover, rapid penetration of solar PV systems across households in countries such as Germany has fueled product demand there.
Commercial sector is expected to be one of the fastest-growing segments over the forecast period owing to increasing number of commercial building installations globally along with rising need for renewable energy sources in this sector.
The others segment that includes healthcare.
Regional Analysis:
Asia Pacific region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing adoption of solar energy as an alternative source of power generation, growing awareness about clean energy, and government support & funding for renewable based electricity generation. China is estimated to lead the Asia Pacific regional market over the next eight years owing to large scale investments in residential and commercial sectors.
The European PV charge controller industry was valued at USD X million in 2016, wherein Germany held a major share due to early adoption of these controllers across Europe coupled with rising installations in households especially hotels & restaurants along with other commercial applications such as municipal buildings & offices which require continuous power supply during off-peak hours (at night). North America also holds a significant market share owing to high demand from end-users such as households, educational institutes/schools/universities etc.
Growth Factors:
- Increasing demand for PV systems from residential and commercial sectors
- Favorable government policies and regulations for the deployment of PV systems
- Growing awareness about the benefits of solar energy among consumers
- Reduction in prices of PV charge controllers due to advancements in technology
- Increasing demand for renewable energy sources across the globe
Scope Of The Report
Report Attributes
Report Details
Report Title
PV Charge Controller Market Research Report
By Type
Standard PV Charge Controller, PWM, MPPT
By Application
Household, Commercial, Others
By Companies
Phocos, Morningstar, Steca, Shuori New Energy, Beijing Epsolar, OutBack Power, Remote Power, Victron Energy, Studer Innotec, Renogy, Phocos, Sollatek, Blue Sky Energy, Wuhan Wanpeng, Lumiax
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global PV Charge Controller Market Report Segments:
The global PV Charge Controller market is segmented on the basis of:
Types
Standard PV Charge Controller, PWM, MPPT
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Phocos
- Morningstar
- Steca
- Shuori New Energy
- Beijing Epsolar
- OutBack Power
- Remote Power
- Victron Energy
- Studer Innotec
- Renogy
- Phocos
- Sollatek
- Blue Sky Energy
- Wuhan Wanpeng
- Lumiax
Highlights of The PV Charge Controller Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Standard PV Charge Controller
- PWM
- MPPT
- By Application:
- Household
- Commercial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the PV Charge Controller Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A PV charge controller is a device that helps to manage the power output from solar panels. It monitors the amount of energy being produced by the solar panel and adjusts the power output accordingly, in order to maintain a consistent level of energy production over time. This ensures that the system remains operational while still receiving maximum benefit from any available sunlight.
Some of the major players in the pv charge controller market are Phocos, Morningstar, Steca, Shuori New Energy, Beijing Epsolar, OutBack Power, Remote Power, Victron Energy, Studer Innotec, Renogy, Phocos, Sollatek, Blue Sky Energy, Wuhan Wanpeng, Lumiax.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PV Charge Controller Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 PV Charge Controller Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 PV Charge Controller Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the PV Charge Controller Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global PV Charge Controller Market Size & Forecast, 2020-2028
4.5.1 PV Charge Controller Market Size and Y-o-Y Growth
4.5.2 PV Charge Controller Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Standard PV Charge Controller
5.2.2 PWM
5.2.3 MPPT
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PV Charge Controller Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 PV Charge Controller Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Standard PV Charge Controller
9.6.2 PWM
9.6.3 MPPT
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Standard PV Charge Controller
10.6.2 PWM
10.6.3 MPPT
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Standard PV Charge Controller
11.6.2 PWM
11.6.3 MPPT
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Standard PV Charge Controller
12.6.2 PWM
12.6.3 MPPT
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Standard PV Charge Controller
13.6.2 PWM
13.6.3 MPPT
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 PV Charge Controller Market: Competitive Dashboard
14.2 Global PV Charge Controller Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Phocos
14.3.2 Morningstar
14.3.3 Steca
14.3.4 Shuori New Energy
14.3.5 Beijing Epsolar
14.3.6 OutBack Power
14.3.7 Remote Power
14.3.8 Victron Energy
14.3.9 Studer Innotec
14.3.10 Renogy
14.3.11 Phocos
14.3.12 Sollatek
14.3.13 Blue Sky Energy
14.3.14 Wuhan Wanpeng
14.3.15 Lumiax
