Market Overview:
The global solar photovoltaic charge controllers market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources and the rising awareness about the benefits of using solar photovoltaic (PV) charge controllers. Based on type, the global solar PV charge controller market is segmented into PWM photovoltaic solar charge controller and MPPT photovoltaic solar charge controller. The PWM segment is expected to account for a larger share of the global market in 2018, owing to its low cost and easy installation.
Product Definition:
A solar photovoltaic charge controller is a device used to manage the charging of batteries from a solar panel array. The main purpose of a solar photovoltaic charge controller is to protect the batteries from being overcharged, which can damage or even kill them. Solar photovoltaic charge controllers also help regulate the output voltage and current from the solar panels, maximizing their power output and improving system performance.
PWM Photovoltaic Solar Charge Controller:
PWM photovoltaic solar charge controller, it’s usage.
Introduction of PWM photovoltaic (PV) solar charge controller is expected to boost up the demand for this product over forecast period. The introduction of advanced technology such as cloud-based monitoring systems along with improved efficiency is anticipated to drive industry growth over the next seven years.
MPPT Photovoltaic Solar Charge Controller:
MPPT photovoltaic solar charge controller and it's usage in the global solar PV charge controllers market. The MPPT photovoltaic solar charge controller is a device that regulates the current flow in an electric circuit, which is derived from the photo-voltaic effect of light on a semiconductor. It has numerous benefits over conventional PWM (Pulse Width Modulation) controllers as it reduces power losses to an extent and also ensures efficient use of available energy sources.
Application Insights:
The industrial & commercial segment dominated the global solar PV charge controllers market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period owing to growing demand from utility and large-scale power generation sectors. Rapid urbanization coupled with rising per capita income has led to an increase in the number of households and small businesses that need electricity for operating their appliances, such as LED lightings, refrigerators and TVs. This is anticipated to further drive demand for SPCs across industrial & commercial applications over the forecast period.
The residential & rural electrification application segment accounted for a significant revenue share in 2017 due to increasing R&D investments by governments across various countries toward promoting off-grid renewable energy sources, including SPCs, within rural areas where grid connectivity issues remain a major challenge despite years of effort by government agencies involved with extending grid connections through undergrounding or overhead lines.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The region has a large number of solar farms and hence, most of the components are imported from developed countries such as Japan and China. This is expected to drive demand for charge controllers in Asia Pacific during the forecast period.
The Middle East & Africa (MEA) market was valued at USD X million in 2017 owing to increasing adoption by residential consumers due to high cost of electricity generated from fossil fuels along with rising awareness regarding climate change impacts associated with carbon emissions caused by burning fossil fuels for power generation purposes, which drives need for renewable energy sources such as solar photovoltaic systems in MEA countries including UAE, Saudi Arabia, Egypt etc.
North America accounted for more than 20% share of global revenue in 2017 owing to growing installations on account of supportive government policies.
Growth Factors:
- Increasing demand for solar energy: The global demand for solar energy is increasing rapidly due to the growing awareness of the benefits of renewable energy sources and concerns about climate change. This is driving the growth of the solar photovoltaic (PV) charge controller market.
- Declining prices of PV modules: The prices of PV modules have been declining in recent years, owing to advancements in technology and increased production capacity. This is benefiting the growth of the solar PV charge controller market as it has resulted in an increase in adoption rates for these controllers.
- Government initiatives supporting renewable energy: Governments around the world are promoting renewable energy sources through various initiatives such as subsidies, tax breaks, and targets for installed capacity addition. This is aiding the growth of the solar PV charge controller market as it encourages investments in this technology sector.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Photovoltaic Charge Controllers Market Research Report
By Type
PWM Photovoltaic Solar Charge Controller, MPPT Photovoltaic Solar Charge Controller
By Application
Industrial & Commercial, Residential & Rural Electrification
By Companies
Phocos, Morningstar, Steca, Shuori New Energy, Beijing Epsolar, OutBack Power, Remote Power, Victron Energy, Studer Innotec, Renogy, Specialty Concepts, 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
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Solar Photovoltaic Charge Controllers Market Report Segments:
The global Solar Photovoltaic Charge Controllers market is segmented on the basis of:
Types
PWM Photovoltaic Solar Charge Controller, MPPT Photovoltaic Solar Charge Controller
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
Industrial & Commercial, Residential & Rural Electrification
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
- Specialty Concepts
- Sollatek
- Blue Sky Energy
- Wuhan Wanpeng
- Lumiax
Highlights of The Solar Photovoltaic Charge Controllers 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:
- PWM Photovoltaic Solar Charge Controller
- MPPT Photovoltaic Solar Charge Controller
- By Application:
- Industrial & Commercial
- Residential & Rural Electrification
- 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 Solar Photovoltaic Charge Controllers 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Solar photovoltaic charge controllers are devices that help to optimize the output of solar panels by regulating the amount of current that is drawn from them. This can help to ensure that the panels are not overworked, which could lead to damage or even failure.
Some of the major companies in the solar photovoltaic charge controllers market are Phocos, Morningstar, Steca, Shuori New Energy, Beijing Epsolar, OutBack Power, Remote Power, Victron Energy, Studer Innotec, Renogy, Specialty Concepts, Sollatek, Blue Sky Energy, Wuhan Wanpeng, Lumiax.
The solar photovoltaic charge controllers market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solar Photovoltaic Charge Controllers 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 Solar Photovoltaic Charge Controllers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solar Photovoltaic Charge Controllers 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 Solar Photovoltaic Charge Controllers 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 Solar Photovoltaic Charge Controllers Market Size & Forecast, 2018-2028
4.5.1 Solar Photovoltaic Charge Controllers Market Size and Y-o-Y Growth
4.5.2 Solar Photovoltaic Charge Controllers Market Absolute $ Opportunity
Chapter 5 Global Solar Photovoltaic Charge Controllers 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 Solar Photovoltaic Charge Controllers Market Size Forecast by Type
5.2.1 PWM Photovoltaic Solar Charge Controller
5.2.2 MPPT Photovoltaic Solar Charge Controller
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Solar Photovoltaic Charge Controllers 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 Solar Photovoltaic Charge Controllers Market Size Forecast by Applications
6.2.1 Industrial & Commercial
6.2.2 Residential & Rural Electrification
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solar Photovoltaic Charge Controllers 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 Solar Photovoltaic Charge Controllers 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 Solar Photovoltaic Charge Controllers Analysis and Forecast
9.1 Introduction
9.2 North America Solar Photovoltaic Charge Controllers 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 Solar Photovoltaic Charge Controllers Market Size Forecast by Type
9.6.1 PWM Photovoltaic Solar Charge Controller
9.6.2 MPPT Photovoltaic Solar Charge Controller
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 Solar Photovoltaic Charge Controllers Market Size Forecast by Applications
9.10.1 Industrial & Commercial
9.10.2 Residential & Rural Electrification
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 Solar Photovoltaic Charge Controllers Analysis and Forecast
10.1 Introduction
10.2 Europe Solar Photovoltaic Charge Controllers 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 Solar Photovoltaic Charge Controllers Market Size Forecast by Type
10.6.1 PWM Photovoltaic Solar Charge Controller
10.6.2 MPPT Photovoltaic Solar Charge Controller
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 Solar Photovoltaic Charge Controllers Market Size Forecast by Applications
10.10.1 Industrial & Commercial
10.10.2 Residential & Rural Electrification
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 Solar Photovoltaic Charge Controllers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Solar Photovoltaic Charge Controllers 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 Solar Photovoltaic Charge Controllers Market Size Forecast by Type
11.6.1 PWM Photovoltaic Solar Charge Controller
11.6.2 MPPT Photovoltaic Solar Charge Controller
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 Solar Photovoltaic Charge Controllers Market Size Forecast by Applications
11.10.1 Industrial & Commercial
11.10.2 Residential & Rural Electrification
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 Solar Photovoltaic Charge Controllers Analysis and Forecast
12.1 Introduction
12.2 Latin America Solar Photovoltaic Charge Controllers 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 Solar Photovoltaic Charge Controllers Market Size Forecast by Type
12.6.1 PWM Photovoltaic Solar Charge Controller
12.6.2 MPPT Photovoltaic Solar Charge Controller
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 Solar Photovoltaic Charge Controllers Market Size Forecast by Applications
12.10.1 Industrial & Commercial
12.10.2 Residential & Rural Electrification
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) Solar Photovoltaic Charge Controllers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Solar Photovoltaic Charge Controllers 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) Solar Photovoltaic Charge Controllers Market Size Forecast by Type
13.6.1 PWM Photovoltaic Solar Charge Controller
13.6.2 MPPT Photovoltaic Solar Charge Controller
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) Solar Photovoltaic Charge Controllers Market Size Forecast by Applications
13.10.1 Industrial & Commercial
13.10.2 Residential & Rural Electrification
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 Solar Photovoltaic Charge Controllers Market: Competitive Dashboard
14.2 Global Solar Photovoltaic Charge Controllers 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 Specialty Concepts
14.3.12 Sollatek
14.3.13 Blue Sky Energy
14.3.14 Wuhan Wanpeng
14.3.15 Lumiax
