Market Overview:
The global solar energy 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 the benefits of solar energy, and government initiatives and subsidies for promoting solar energy. The global solar energy charge controller market can be segmented on the basis of type into PWM PV solar energy charge controllers and MPPT PV solarenergy charge controllers. The PWM PV Solar Energy Charge Controller segment is expected to account for a larger share of the global market than the MPPT PV Solar Energy Charge Controller segment duringthe forecast period. This can be attributedto its lower cost as compared to MPPT controllersand its ability tomaintain high efficiency even under low-lightconditions. Onthe basis of application, theeGlobal Solar Energy Charge Controller Marketcan be divided into industrial & commercial applications and residential & rural electrification applications.
Product Definition:
A solar energy charge controller is a device used to regulate the voltage and current coming from a photovoltaic (PV) panel into a battery. The main purpose of using a solar energy charge controller is to protect the battery from being overcharged or damaged due to excessive current flow.
PWM PV Solar Energy Charge Controller:
Pulse-width modulation (PWM) PV solar energy charge controller is a type of electronic device used to regulate the output power from photovoltaic modules. It helps in reducing the voltage and current fluctuations that are experienced when using direct current (DC). The PWM PV solar energy charge controller regulates or controls the flow of DC through a PV module by varying its pulse-width according to need.
MPPT PV Solar Energy Charge Controller:
MPPT PV solar energy charge controller is used in solar energy charge controller market to regulate the current flow between input and output of a photovoltaic module. It helps in preventing damage to the system due to over current or undercurrent condition. The main function of an MPPT PV Solar Energy Charge Controller is to maintain optimum power point by shifting excess load from high voltage side (system peak) towards low voltage side (stall).
Application Insights:
The market is segmented by application into industrial and commercial, and residential and rural electrification. The industrial and commercial sector dominated the global solar energy charge controller market in 2017, accounting for over 60% of the overall revenue share. This can be attributed to growing demand from large-scale power generation projects to feed electricity grids across various countries.
The rapid growth of this industry has led to increased adoption of such controllers in large-scale power generation projects as well as small-to medium-sized utility scale photovoltaic (PV) installations that are run directly into electricity grids without any intermediate storage devices or stations.
Regional Analysis:
Asia Pacific regional solar energy charge controller market is anticipated to witness significant growth over the forecast period owing to increasing investments in renewable energy infrastructure. The European region accounted for a major share of revenue generation in 2017 and is expected to continue its dominance till 2030. This can be attributed to growing awareness regarding the benefits of solar power, rising installation rates of photovoltaic systems, and government support for R&D activities pertaining to integration of large scale renewable sources with conventional electricity grids.
The Latin American region is projected to register considerable growth over the next eight years due towards rising installations rates of PV solar panels coupled with favorable government policies aimed at promoting sustainable development through utilization of clean energy resources such as biomass, wind, and sun rays.
Growth Factors:
- Increasing demand for solar energy systems: The global market for solar energy is expected to grow at a CAGR of more than 12% from 2016 to 2020. This is due to the increasing demand for renewable sources of energy across the world. Solar energy charge controllers are an important part of these systems, and their popularity is expected to increase in the coming years.
- Technological advancements: Solar energy charge controllers have undergone significant technological advancements in recent years, thanks to the efforts of leading manufacturers in this space. These advances have led to better performance and efficiency, making them more popular among consumers worldwide.
- Declining prices: The prices of solar panels and other components necessary for setting up a solar power system have been declining steadily over the past few years, making it more affordable for consumers around the world to switch over to this source of renewable energy . This trend is likely continue in future as well, boosting growth prospects for solar energy charge controllers market as well.. 4) Government initiatives supporting adoption of renewables: Governments around thw world are increasingly supporting adoption if renewables such as solar power , through various policy measures and incentives . This is helping drive growth prospects fot he overall sola renergy market , including that fo rsolar ener gycharge controller s 5) Growing awareness about benefits o fsolar ene rg y : There has been a growing awareness about th ebenefits o fsolar ener gyamongconsumers in recent years . This has
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Energy Charge Controller Market Research Report
By Type
PWM PV Solar Energy Charge Controller, MPPT PV Solar Energy 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
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Solar Energy Charge Controller Market Report Segments:
The global Solar Energy Charge Controller market is segmented on the basis of:
Types
PWM PV Solar Energy Charge Controller, MPPT PV Solar Energy 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
Highlights of The Solar Energy 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:
- PWM PV Solar Energy Charge Controller
- MPPT PV Solar Energy 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 Energy 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 solar energy charge controller is a device that helps to manage the charging of solar panels. It does this by regulating the amount of power that is sent to the panels, in order to ensure that they are always receiving a consistent and adequate amount of energy. This can help to prevent any damage or wear on the panels, and can also help to ensure that they are able to produce as much power as possible.
Some of the key players operating in the solar energy charge controller 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.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Energy Charge Controller Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solar Energy Charge Controller Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Energy Charge Controller Market - Supply Chain
4.5. Global Solar Energy Charge Controller Market Forecast
4.5.1. Solar Energy Charge Controller Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Energy Charge Controller Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Energy Charge Controller Market Absolute $ Opportunity
5. Global Solar Energy Charge Controller Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solar Energy Charge Controller Market Size and Volume Forecast by Type
5.3.1. PWM PV Solar Energy Charge Controller
5.3.2. MPPT PV Solar Energy Charge Controller
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Energy Charge Controller Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solar Energy Charge Controller Market Size and Volume Forecast by Application
6.3.1. Industrial & Commercial
6.3.2. Residential & Rural Electrification
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Energy Charge Controller Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solar Energy Charge Controller Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Solar Energy Charge Controller Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solar Energy Charge Controller Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solar Energy Charge Controller Demand Share Forecast, 2019-2026
9. North America Solar Energy Charge Controller Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Solar Energy Charge Controller Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Solar Energy Charge Controller Market Size and Volume Forecast by Application
9.4.1. Industrial & Commercial
9.4.2. Residential & Rural Electrification
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Energy Charge Controller Market Size and Volume Forecast by Type
9.7.1. PWM PV Solar Energy Charge Controller
9.7.2. MPPT PV Solar Energy Charge Controller
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Solar Energy Charge Controller Demand Share Forecast, 2019-2026
10. Latin America Solar Energy Charge Controller Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Solar Energy Charge Controller Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Solar Energy Charge Controller Market Size and Volume Forecast by Application
10.4.1. Industrial & Commercial
10.4.2. Residential & Rural Electrification
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Energy Charge Controller Market Size and Volume Forecast by Type
10.7.1. PWM PV Solar Energy Charge Controller
10.7.2. MPPT PV Solar Energy Charge Controller
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Solar Energy Charge Controller Demand Share Forecast, 2019-2026
11. Europe Solar Energy Charge Controller Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Solar Energy Charge Controller Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Solar Energy Charge Controller Market Size and Volume Forecast by Application
11.4.1. Industrial & Commercial
11.4.2. Residential & Rural Electrification
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Energy Charge Controller Market Size and Volume Forecast by Type
11.7.1. PWM PV Solar Energy Charge Controller
11.7.2. MPPT PV Slar Energy Charge Controller
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solar Energy Charge Controller Demand Share, 2019-2026
12. Asia Pacific Solar Energy Charge Controller Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Solar Energy Charge Controller Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Solar Energy Charge Controller Market Size and Volume Forecast by Application
12.4.1. Industrial & Commercial
12.4.2. Residential & Rural Electrification
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Energy Charge Controller Market Size and Volume Forecast by Type
12.7.1. PWM PV Solar Energy Charge Controller
12.7.2. MPPT PV Solar Energy Charge Controller
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Solar Energy Charge Controller Demand Share, 2019-2026
13. Middle East & Africa Solar Energy Charge Controller Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Solar Energy Charge Controller Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Solar Energy Charge Controller Market Size and Volume Forecast by Application
13.4.1. Industrial & Commercial
13.4.2. Residential & Rural Electrification
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solar Energy Charge Controller Market Size and Volume Forecast by Type
13.7.1. PWM PV Solar Energy Charge Controller
13.7.2. MPPT PV Solar Energy Charge Controller
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Solar Energy Charge Controller Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Energy Charge Controller Market: Market Share Analysis
14.2. Solar Energy Charge Controller Distributors and Customers
14.3. Solar Energy Charge Controller Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Phocos
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Morningstar
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Steca
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shuori New Energy
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Beijing Epsolar
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. OutBack Power
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Remote Power
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Victron Energy
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Studer Innotec
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Renogy
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Specialty Concepts
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sollatek
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Blue Sky Energy
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Wuhan Wanpeng
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
