Solar Charge Controller Market by Type (Pwm & Mppt Charge Controller) by Current Capacity (Less Then 20a, 20a-40a & Above 40a) by End-User (Residential, Commercial & Industrial) - Global Trends and Forecast to 2027
A solar charge controller is a small solar device that is used to connect the solar panels to an inverter battery. The controller prevents the battery from overcharging in the daytime and discharging at night. A solar charge controller can convert an existing normal inverter to a solar inverter. Thus, a solar charge controller eliminates the need of purchasing a new solar inverter for the solar system while you have a normal inverter. Solar charge controllers act as a gateway to your battery storage system, making sure damage doesn’t occur from overloading it. Most commonly, consumers will want to look into charge controllers if they are trying to install an off-grid solar system such as rooftop systems to smaller setups on RVs or boats because in cases where a solar array with a battery that is connected to the electric grid the excess energy will be directed to the grid automatically instead, helping you avoid overloading your battery.
The rapid increase of solar panel installations, rise in the variety of rooftop operations in remote areas, and surge in electronic infrastructure for solar power technologies are boosting the growth of the global solar charge controller market. World Banks Groups committed $1.3 billion for the off-grid solar programs mostly based on solar technologies- in developing countries around the world, concerned with the largest population communities like Sub-Sahara, Africa, and South Asia, where homes are without access to electricity. Off-grid solar systems are self-sustaining and provide power for critical loads in areas, where a power grid is not available. Major driving factors which lead them to dominate the solar power market are that they are self-sustainable, and do not rely on the grids. Generate enough power that can be stored and used at night or when the power grid is down. Act as an ideal for remote areas where there is no power access from the grid. Grid failure or shutdown does not affect their power supply.
The solar charge controller market based on type is classified into pulse-width modulation (PWM) charge controllers and maximum PowerPoint tracking (MPPT) charge controllers. PWM solar charge controllers are the standard type of charge controller available to solar shoppers. They are simpler than MPPT controllers and generally less expensive. MPPT solar charge controllers are a more expensive and complex charge controller option. MPPT controllers adjust their input to bring in the maximum power possible from your solar array and can also vary their output power to match the attached battery. This means that MPPT charge controllers are more efficient than PWM controllers, and more effectively utilize the full power of your solar panels to charge a home battery system.
Based on current capacity, the solar charger controller market is classified into less than 20A, 20A to 40A, and Above 40A. Typically it is required to make sure to have a charge controller that is large enough to handle the amount of power and current produced by your panels. Amperage ratings can be between one and 60 amps and voltage ratings from six to 60 volts. Lower the load requirement for the consumer and lower the ampere rating for the solar charger controller. Often, if currents over 60 amps are required, two or more 40-to-80-amp units are wired in parallel. The most common controls used for all battery-based systems are in the 4-to-60-amp range, but some of the new MPPT controls go up to 80 amps. The increase in reliable solar installations in off-grid systems without damaging the batteries is driving the solar charge controller market.
Based on the End-User, the solar charge controller market is classified into the residential, industrial, and commercial segments. Through several government initiatives, solar energy is expected to be a major secondary source of energy for all three segments which is being favored by the decrease in solar energy prices in the following years. The push toward a net-zero goals and reducing carbon emissions for both commercial and industrial segments has increased the interest in solar rooftop power plant installations for energy. This growth in solar installation in all three segments is going to drive the market for the solar charge controller.
The solar charge controller market based on the region can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Innovations and improvements in design and operation and the Boom of Green Investments in Asia are visible, and the continent aims to dominate the global solar energy stage in terms of new capacity addition, technology development, and energy demand helping to reduce operations and maintenance (O&M) costs. Europe is working on research and innovation support developing reliable, economically viable solar-driven solutions to produce domestic hot water, district heating, and industrial or commercial applications. In the region of North America, the adoption of off-grid solar is rapidly increasing as technology improves and becomes cheaper. Similarly, the rapid growth of off-grid power generation, rise in power demand in remote areas, and increased awareness of solar technologies are driving the solar charge controller market.
A few of the major players operating in the solar charge controller market include Airkom Group, Schneider Electric, Sollatek, Wenzhou Xihe Electric Co., Ltd., Delta Electronics, Inc., KATEK Memmingen GmbH, Victron Energy, Sunforge LLC, Phocos, and Apollo Solar.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. STUDY OBJECTIVES
1.2. MARKET DEFINITION
1.3. INCLUSIONS AND EXCLUSIONS
1.3.1. SOLAR CHARGE CONTROLLER MARKET, BY TYPE: INCLUSION AND EXCLUSIONS
1.3.2. SOLAR CHARGE CONTROLLER MARKET, BY CURRENT CAPACITY: INCLUSION AND EXCLUSIONS
1.3.3. SOLAR CHARGE CONTROLLER MARKET, BY END-USER: INCLUSION AND EXCLUSIONS
1.3.4. SOLAR CHARGE CONTROLLER MARKET, BY REGION: INCLUSION AND EXCLUSIONS
1.4. MARKET SCOPE
1.4.1. MARKET SEGMENTATION
1.4.2. REGIONAL SCOPE
1.5. YEARS CONSIDERED
1.6. CURRENCY
1.7. STAKEHOLDERS
2. RESEARCH METHODOLOGY
2.1. RESEARCH DATA
2.1.1. SECONDARY DATA
2.1.1.1. Key data from secondary sources
2.1.2. PRIMARY DATA
2.1.2.1. Key data from primary sources
2.1.2.2. Key industry insights
2.1.2.3. Breakdown of primary interviews
2.2. MARKET SIZE ESTIMATION
2.2.1. BOTTOM-UP APPROACH
2.2.2. TOP-DOWN APPROACH
2.3. DATA TRIANGULATION
2.3.1. SOLAR CHARGE CONTROLLER MARKET ANALYSIS THROUGH PRIMARY INTERVIEWS
2.4. RESEARCH ASSUMPTIONS
2.5. LIMITATIONS
2.6. RISK ASSESSMENT
3. EXECUTIVE SUMMARY
4. PREMIUM INSIGHTS
4.1. ATTRACTIVE OPPORTUNITIES IN THE GLOBAL SOLAR CHARGE CONTROLLER MARKET
4.2. SOLAR CHARGE CONTROLLER MARKET, BY REGION
4.3. SOLAR CHARGE CONTROLLER MARKET, BY TYPE
4.4. SOLAR CHARGE CONTROLLER MARKET, BY CURRENT CAPACITY
4.5. SOLAR CHARGE CONTROLLER MARKET, BY END-USER
5. MARKET OVERVIEW
5.1. INTRODUCTION
5.1.1. MARKET DYNAMICS
5.1.2. DRIVERS
5.1.3. RESTRAINTS
5.1.4. OPPORTUNITIES
5.1.5. CHALLENGES
5.2. TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.3. PRICING ANALYSIS
5.3.1. AVERAGE SELLING PRICE OF SOLAR CHARGE CONTROLLER OFFERED BY KEY PLAYERS
5.3.2. AVERAGE SELLING PRICE TREND, BY TECHNOLOGY TYPE
5.4. VALUE/SUPPLY CHAIN ANALYSIS
5.5. TECHNOLOGY ANALYSIS
5.6. KEY CONFERENCES & EVENTS IN 2022-2023
5.7. MARKET MAP
5.8. PATENT ANALYSIS
5.9. TRADE ANALYSIS
5.10. CASE STUDY ANALYSIS
5.11. TARIFFS, CODES & REGULATIONS
5.11.1. REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12. PORTER’S FIVE FORCE ANALYSIS
5.13. KEY STAKEHOLDERS & BUYING CRITERIA
5.13.1. KEY STAKEHOLDERS IN THE BUYING PROCESS
5.13.2. BUYING CRITERIA
6. SOLAR CHARGE CONTROLLER MARKET, BY TYPE
(Value (USD Million) -2020, 2021 2022-e, 2027-f)
6.1. INTRODUCTION
6.2. PWM CHARGE CONTROLLER
6.3. MPPT CHARGE CONTROLLER
7. SOLAR CHARGE CONTROLLER MARKET, BY CURRENT CAPACITY
(Value (USD Million) - 2020, 2021, 2022-e, 2027-f)
7.1. INTRODUCTION
7.2. LESS THAN 20A
7.3. 20A-40A
7.4. ABOVE 40A
8. SOLAR CHARGE CONTROLLER MARKET, BY END-USER
(Value (USD Million) - 2020, 2021, 2022-e, 2027-f)
8.1. INTRODUCTION
8.2. RESIDENTIAL
8.3. COMMERCIAL
8.4. INDUSTRIAL
9. SOLAR CHARGE CONTROLLER MARKET, BY REGION
(Value (USD Million) - 2020, 2021, 2022-e, 2027-f)
9.1. INTRODUCTION
9.2. NORTH AMERICA
9.2.1. BY TYPE
9.2.2. BY CURRENT CAPACITY
9.2.3. END-USER
9.2.4. BY COUNTRY
9.2.4.1. US
9.2.4.2. Canada
9.2.4.3. Mexico
9.3. ASIA PACIFIC
9.3.1. BY TYPE
9.3.2. BY CURRENT CAPACITY
9.3.3. END-USER
9.3.4. BY COUNTRY
9.3.4.1. China
9.3.4.2. India
9.3.4.3. Australia
9.3.4.4. Japan
9.3.4.5. Rest of Asia Pacific
9.4. EUROPE
9.4.1. BY TYPE
9.4.2. BY CURRENT CAPACITY
9.4.3. END-USER
9.4.4. BY COUNTRY
9.4.4.1. Gernmany
9.4.4.2. Spain
9.4.4.3. UK
9.4.4.4. France
9.4.4.5. Italy
9.4.4.6. Rest of Europe
9.5. LATIN AMERICA
9.5.1. BY TYPE
9.5.2. BY CURRENT CAPACITY
9.5.3. END-USER
9.5.4. BY COUNTRY
9.5.4.1. Brazil
9.5.4.2. Chile
9.5.4.3. Rest of South America
9.6. MIDDLE EAST & AFRICA
9.6.1. BY TYPE
9.6.2. BY CURRENT CAPACITY
9.6.3. END-USER
9.6.4. BY COUNTRY
9.6.4.1. South Africa
9.6.4.2. Saudi Arabia
9.6.4.3. Egypt
9.6.4.4. UAE
9.6.4.5. Rest of the Middle East & Africa
10. COMPETITIVE LANDSCAPE
10.1. KEY PLAYER STRATEGIES
10.2. COMPETITIVE SCENARIOS AND TRENDS
10.3. RECENT MARKET DEVELOPMENTS
10.4. MARKET SHARE (BY REVENUE), 2021
10.5. REVENUE ANALYSIS OF TOP 5 PLAYERS, 2021
10.6. COMPANY EVALUATION QUADRANT
10.6.1. STAR
10.6.2. PERVASIVE
10.6.3. EMERGING LEADER
10.6.4. PARTICIPANT
10.7. START-UP/SME EVALUATION QUADRANT
10.7.1. DYNAMIC COMPANY
10.7.2. RESPONSIVE COMPANY
10.7.3. PROGRESSIVE COMPANY
10.7.4. STARTING BLOCK
10.7.5. COMPETITIVE BENCHMARKING
10.8. SOLAR CHARGE CONTROLLER MARKET: COMPANY FOOTPRINT
11. COMPANY PROFILES
11.1. SCHNEIDER ELECTRIC
11.1.1. Business Overview
11.1.2. Products Offered
11.1.3. Recent Developments
11.1.4. MnM view
11.1.4.1. Key strategies/right to win
11.1.4.2. Strategic choices made
11.1.4.3. Weaknesses and competitive threats
11.2. BERGEN GROUP OF COMPANIES
11.3. SUNFORGE, LLC
11.4. MORNINGSTAR CORP.
11.5. SAMLEX
11.6. AIMS POWER
11.7. PHOCOS
11.8. STUDER INNOTEC
11.9. VICTRON ENERGY
11.10. SHENZHEN OLYS COMPANY LIMITED
11.11. RENOGY
11.12. YANGTZE SOLAR POWER CO., LTD
11.13. XIAMEN LYNSA INTELLIGENT TECHNOLOGY CO., LTD
11.14. DENRYO CO., LTD
11.15. OUTBACK POWER INC.
11.16. SENSATA TECHNOLOGIES, INC
12. APPENDIX
12.1. INSIGHTS OF INDUSTRY EXPERTS
12.2. DISCUSSION GUIDE
12.3. KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.4. CUSTOMIZATION OPTIONS
12.5. RELATED REPORTS
12.6. AUTHOR DETAILS
Note: e-Estimated, f-Forecast
• THIS IS A TENTATIVE LIST OF COMPANIES. ADDITIONAL COUNTRIES & COMPANIES MAY BE ADDED/UPDATED DURING THE COURSE OF THE STUDY
• DETAILS ON COMPANY OVERVIEW, FINANCIALS, PRODUCT & SERVICES, STRATEGY, AND DEVELOPMENTS MIGHT NOT BE CAPTURED IN CASE OF UNLISTED COMPANIES
Growth opportunities and latent adjacency in Solar Charge Controller Market