Solar Charge Controllers Market Research Report 2023 - Genasun (Italy), Luminous India (India), Microtek (China), Schneider Electric (France), Su-Kam Power Systems (India), and Arise India (India). Delta Electronics (India)

Global Solar Charge Controller Market Information by Type (PWM (Pulse Width Modulation, Simple 1 or 2 stage controls, and MPPT (Maximum Power Point Tracking)), by Application (Commercial, Industrial and Residential) and by Region - Global Forecast to 2023.

Market Scenario

A Solar Charge Controller or more commonly, charge regulator is basically used to keep the batteries in the solar power systems from overcharging by regulating the current or voltage produced by the solar panels.

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Typically, charge controllers are not necessary for trickle charge panels or small capacity panels such as 1 to 5-watt panels. However, since solar panels are increasingly used with energy storage, it is essential to find a way to regulate the flow of energy as these panels are of much higher capacity. Besides, global safety regulations for the use of solar panels and batteries prevent batteries from overcharging as they may result in serious damage to the entire storage and even the panel systems.

The solar charge controller usually operates by regulating the flow of energy from the panels to the energy storage system, which is directly connected as a DC – coupled system. One of the most important result of this is that it gives batteries in the storage system, a longer life. The solar charge controller normally does this by preventing overcharging of the systems and even at times against overvoltage, which may lead to a safety risk. Usually, the solar charge controllers are either designed as circuit integrated within a battery pack or as complete standalone systems.

The solar charge controllers are predominantly classified based on the technology they operate. In general, there are three different types of charge controller technologies available for solar systems. Firstly, it is the simple 1 or 2 stage controls that are depended on shunt transistors and relays in controlling the voltage. The stage controllers generally operate in one or two steps by effectively disconnecting the solar panel when it reaches a certain critical voltage. These systems are typically reliable since they have only a few components. The second type of solar charge controllers are the pulse-width modulation (PWM) controllers, which are characteristically small. The PWM technology is operated on the basis of sending out short controlling pulses to the battery but they lack agility in operations. For instance, they lack the ability to optimize the operations of different solar panels present in a single array. This technology is highly adopted in areas where the solar radiation is strong and steady with constant radiation presence.

The other major type of solar charge controller is the maximum power point tracking (MPPT) controller. These systems are majorly found in larger systems or utility-scale solar installations due to their ability to offer superior performance. Solar MPPT charge controllers have the facility to connect strings of panels for generating higher voltages, which in turn can increase a solar arrays effectiveness by 30%. This has essentially led the solar MPPT charge controllers to be the most preferred technology.

The solar charge controller increasingly finds its application in residential solar systems, industrial establishments where solar panels are used to power operations and in utility-scale solar projects. The cost of generating energy from solar is rapidly decreasing across globe as the solar generated power is reaching grid parity with conventional fuel sources. As South-East Asian countries and other regions across the globe witness huge deployment of solar power due to increasing commitment to climate change targets, solar charge controllers are expected to witness a surge in growth. The utility-scale and large solar power installations are expected to be the major growth factors for MPPT type solar charge controllers. On the residential and smaller commercial solar panel operations, the pulse width modulation technology is expected to dominate the market.

MRFR analysts predict that the global solar charge controllers market will grow steadily during the forecast period and post a CAGR of around 15.02% by 2023

Market Segmentation

Global Solar Charge Controller Market

The global solar charger controllers market by region has been segmented into North America, Europe, Asia Pacific and Rest of the world. This market is expected to witness high growth in the forecast years. Among the regions covered, Asia Pacific is projected to have the highest market share, as the region is witnessing increasing solar power installations for off grid and remote electrification purposes. Especially in countries such as China and India, government policies and incentive structures are contributing in the fast adoption of solar power, which in turn drives the market for solar charge controllers. Furthermore, North America region is the next big market for solar charge controllers as the region is continously investing in building large-scale solar based utility plants.

The Global Solar Charge Controllers Market research report from Market Research Future comprises of broad primary research along with the in-depth study of qualitative as well as quantitative aspects of the market by interactions with industry experts, key opinion leaders to gain deeper understanding of the market and industry performance. The report comprises of current market scenario which comprises historical and projected market size in terms of value and volume, technological advancement, macroeconomic and governing factors in the market.

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Key Players

The report provides detailed information and strategies of the top key players in the industry. We recognize those players as Genasun (Italy), Luminous India (India), Microtek (China), Schneider Electric (France), Su-Kam Power Systems (India), and Arise India (India). Delta Electronics (India), Sungrow Power Supply Co., Ltd (China), Victron Energy (Netherlands), and Beijing Epsolar Technology Co., Ltd (China) are among others.

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