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Global Solar Charge Controllers Market 2017-2021

Global Solar Charge Controllers Market 2017-2021

About Solar Charge Controllers

A solar charge controller is an electronic device that regulates the rate of current flow to and from electric batteries to prevent overcharging and damage due to overvoltage. This not only enhances the operational efficiency of the batteries but also increases their lifespan. An inverter is a device that converts direct current (DC) generated by solar panels and wind turbines into alternate current (AC). This is then supplied to a central electric grid. Inverters are broadly classified into three types: Grid-tie, battery backup, and stand-alone. These inverters are integrated with different energy sources and allow connection with multiple parallel units.

Technavio’s analysts forecast the global Solar Charge Controllers market to grow at a CAGR of 16.32% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global solar charge controllers market for 2017-2021. To calculate the market size, the report considers the new installations and exclude replacement/ aftermarket/ services market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Solar Charge Controllers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Genasun
  • Luminous India
  • MICROTEK
  • Schneider Electric
  • Su-Kam Power Systems
Other prominent vendors
  • Arise India
  • BEIJING EPSOLAR TECHNOLOGY
  • Delta Electronics
  • Morningstar
  • Phocos
  • Samlex America
  • Shuori New Energy
  • Steca Elektronik
  • Studer Innotec
  • SUNGROW
  • Victron Energy
Market driver
  • Rise in solar energy installations
  • For a full, detailed list, view our report
Market challenge
  • Intermittent nature of solar energy
  • For a full, detailed list, view our report
Market trend
  • Increasing demand for MPPT charge controllers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Solar Charge Controllers Market 2017-2021
Technavio recognizes the following companies as the key players in the global solar charge controllers market: Genasun, Luminous India, MICROTEK, Schneider Electric, and Su-Kam Power Systems.
Other Prominent Vendors in the market are: Arise India, BEIJING EPSOLAR TECHNOLOGY, Delta Electronics, Morningstar, Phocos, Samlex America, Shuori New Energy, Steca Elektronik, Studer Innotec, SUNGROW, and Victron Energy.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing demand for MPPT charge controllers. PWM and MPPT charge controllers are extensively used by end-user industries. It has been established through tests that MPPT charge controllers outperform PWM charge controllers in cold and temperate climates. MPPT is 30% more efficient than PWM. PWM charge controllers drain the battery faster than MPPT charge controllers, and if this disadvantageous feature is not rectified in the future, the technology will become outdated.”
According to the report, one of the major drivers for this market is rise in solar energy installations. In recent years, the solar energy industry has gained momentum and grown dramatically. This is attributed to the initiatives undertaken by governments worldwide to encourage the use of renewable resources. Many industrialized nations have integrated a considerable number of solar power installations with the electrical grids to increase the percentage of solar energy in the energy mix. On the other hand, developing economies are using solar energy to reduce their dependence on fossil fuel-based power generation.
Further, the report states that one of the major factors hindering the growth of this market is intermittent nature of solar energy. With the reduction in the cost of solar power generation, an increase in the adoption of PV systems has been observed globally. However, the intermittent nature of solar power is a persisting issue. The power output from a solar PV depends on several factors such as solar irradiation, the efficiency of the panel, and the degree of shade, which varies over the duration of the day and in overcast conditions.

Companies Mentioned

Genasun, Luminous India, MICROTEK, Schneider Electric, Su-Kam Power Systems, Arise India, BEIJING EPSOLAR TECHNOLOGY, Delta Electronics, Morningstar, Phocos, Samlex America, Shuori New Energy, Steca Elektronik, Studer Innotec, SUNGROW, and Victron Energy.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Inverter technology overview
      • Table Integrated inverters with solar power plant
  • Market landscape
    • Market overview
      • Table Global solar charge controllers market overview
    • Market size and forecast
      • Table Global solar charge controllers market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Solar charge controller market by geography
      • Table Global solar charge controllers market by geographic region 2016 and 2021 (%)
      • Table Global solar charge controllers market by geographic regions 2016-2021 ($ billions)
    • Solar charge controllers market in APAC
      • Table Solar charge controllers market in APAC 2016-2021 ($ billions)
    • Solar charge controllers market in EMEA
      • Table Solar charge controllers market in EMEA 2016-2021 ($ billions)
      • Table UK renewable electricity output 2015 (%)
    • Solar charge controller market in Americas
      • Table Solar charge controllers market in Americas 2016-2021 ($ billions)
      • Table Solar PV installation in US 2010-2016 (MW)
  • Market segmentation by end-user
    • Solar charge controllers market by end-user
      • Table Global solar charge controllers market by end-user 2016 and 2021 (%)
      • Table Global solar charge controllers market by end-user 2016-2021 ($ billions)
    • Global solar charge controllers in non-residential Sector
      • Table Solar charge controllers market in non-residential sector 2016-2021 ($ billions)
    • Global solar charge controllers in residential Sector
      • Table Solar charge controllers market in residential sector 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global PV installations year-over-year growth 2005-2016 (%)
      • Table Indexed cost of solar PV, 2008-2015
      • Table Countries with renewable targets and policies 2005
      • Table Countries with renewable targets and policies 2015
    • Market challenges
      • Table Power generation pattern by 1 kW solar module in a day
      • Table Intermittency and its impact on power systems
  • Market trends
    • Increasing demand for MPPT charge controllers
      • Table Comparison of PWM and MPPT
    • Rising patent filings
      • Table Rising patent filings in the solar charge controller market 2012-2016
    • Rise in deployment of microgrids
  • Vendor andscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors (indicative list)
  • Key vendor analysis
    • Genasun
      • Table Genasun: Product portfolio
    • Luminous India
      • Table Luminous India: Product portfolio
    • MICROTEK
      • Table MICROTEK: Product portfolio
    • Schneider Electric
      • Table Schneider Electric: Product portfolio
    • Su-Kam Power Systems
      • Table Su-Kam Power Systems: Business segmentation
      • Table Su-Kam Power Systems: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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