Solar Charge Controller Market - Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025


#11287

Persistence Market Research

$ 4900

Solar Charge Controller Market: Introduction

A solar charge controller, also known as a solar regulator, is majorly used in off-grid solar systems and forms an important part of these systems. Solar charge controllers are also used as battery backup in grids that are connected to solar systems. The working principle of the solar charge controller is to transform, regulate and control the flow of the current generated from solar panels and pass it to the connected batteries in order to prevent overcharging or excessive discharging.

On the basis of type, solar charge controllers can be classified into: Pulse-Width Modulation (PWM) charge controller and Maximum Power Point Tracking (MPPT) charge controller. While the operating efficiency of a PWM charge controller is approximately 70%, the operating efficiency of an MPPT charge controller is approximately 90%. Additionally, a PWM solar charge controller snips excess solar voltage, which in turn results in a loss of total power. The PWM solar charge controller is basically a switch used to connect a solar array to a battery. As a result, the excess voltage generated by the solar array is reduced to the voltage value of the battery.

The PWM solar charge controller is a good low-cost solution for small-medium solar systems only, that too when the solar cell temperature is in the range of 45°C and 75°C. It will modify its info voltage to gather the most extreme power from the sunlight based exhibit and afterward change this energy to supply the differing voltage need of the battery in addition to the stack. To completely misuse the capability of the MPPT solar charge controller, the exhibit voltage ought to be generously higher than the battery voltage. MPPT is the arrangement of decision for higher power frameworks and it will likewise collect significantly more power when the sunlight based cell temperature is low (beneath 45°C), or high (over 75°C), or when irradiance is low.

Solar Charge Controller Market: Dynamics

Factors, such as government policies, which are supporting solar energy, increasing development of off-grid electrical systems and rising solar energy installations are the key drivers of the solar charge controller market. Also, off-grid electrical equipment, such as street lights, are growing and developing rapidly in order to improve electricity generation systems and promote energy conservation. Additionally, almost all developing regions are striving to maximize the use of solar energy and reduce the dependency on fuel-based power generation. Rising awareness regarding the advantages of solar energy is pegged to drive the solar charge controller market around the globe over the forecast period.

On the other hand, augmentation of solar capacity can prove to be a restraint with the existing electricity infrastructure, especially in countries with growing solar markets. The installation of new solar based power grids could be an expensive task, which in turn will restrain the solar charge controller market. Additionally, solar devices and other renewable technologies are extremely dependent on rare elements of earth, which can bring a high risk of some supply disturbance.

Solar Charge Controller Market: Segmentation

  • Segmentation of the solar charge controller market on the basis of type:
  • Pulse-Width Modulation (PWM) charge controller
  • Maximum Power Point Tracking (MPPT) charge controller
  • Segmentation of the solar charge controller market on the basis of end use industry:
  • Residential
  • Commercial
  • Industrial

Solar Charge Controller Market: Regional Outlook

The Asia-Pacific region dominates the solar charge controller market, followed by the Middle East and Africa and North and South America. This dominance can be attributed to factors, such as growing demand for energy, increasing environmental awareness and rising awareness towards the solar energy in various countries, such as China. Asia Pacific and the Middle East and Africa are expected to grow with a comparatively high rate and capture a major share of the market in terms of value over the forecast period. Additionally, the Middle East and Africa region is untapped and can be a potential market for solar charge controllers. Europe, along with North America and Latin America, is projected to grow with a significant rate.

Solar Charge Controller Market: Market Participants

Examples of some of the participants in the solar charge controller market identified across the value chain are SUNGROW, Morningstar Corp., Beijing Epsolar Technology Co., Ltd., Wenzhou Xihe Electric Co., Ltd., ShenZhen Alenson Electronic CO., Ltd., Arise India Ltd., Centralion Industrial Inc., Luminous India, Genasun, Schneider Electric, Microtek, Su-Kam Power Systems, Steca Elektronik, Shuori New Energy and Victron Energy B.V.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.