Solar Charge Controller Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2024

Feb 2018| TMR191A| Transparency

Report Highlights

Global Solar Charge Controller Market – Overview

The solar charge controllers market is anticipated to expand at a healthy pace owing to the increase in usage of solar energy to reduce the dependence on non-conservative energy sources. Climate change policies and clean fuel agenda are also anticipated to offer lucrative opportunities to the solar controllers market. Rise in investment in renewable storage solutions is estimated to create new opportunities in the market. Implementation of effective policies and regulatory frameworks and active participation and high awareness among customers are projected to drive the solar controllers market. High cost of solar energy compared to conventional sources is the major restraint of the solar charge controllers market.

Solar Charge Controller are commercially used in solar home systems, commercial and industrial buildings, and utility scale.

Global Solar Charge Controller Market – Key Segments

Solar home systems and industrial buildings segment is expected to witness significant growth rate during the forecast period due to the increasing awareness, cost efficiency and preferences towards the use of solar energy. Solar charge controller market is expected to witness robust growth on account of growing demand in residential and utility application sector. Government initiatives and funding has provided strong boost to solar charge controller market. Stringent environmental regulation and technological advancement are key factors expected to drive the number of installations over the forecast period.

The global solar charge controller market can be classified according to the type such as simple 1 or 2 stage controllers, Pulse Width Modulated (PWM) charge controller, and Maximum Power Point Tracking (MPPT) charge controllers. The simple 1 or 2 stage charge controllers cut power when the battery reaches a set voltage, and turn it on when a low voltage set point is reached. During charging, the PWM charge controller allows as much current as the solar panel/array can generate in order to reach the target voltage for the charge stage the controller is in. MPPT charge controllers optimize the voltage of the solar array to maximize total power output and convert that to the correct voltage to charge the battery. Owing to its efficient properties and functions, MPPT accounts for largest market in 2016 and is also projected to grow at a highest rate during the forecast period.

Global Solar Charge Controller Market – Regional Analysis

Asia Pacific held the largest share of the global Solar Charge Controller market in 2016 in terms of consumption. Growth of the region is primarily ascribed to the increase in the demand from industrial and residential segments in the region. North America and Europe also contributed to the growth of the global Solar Charge Controller market in terms of production of Solar Charge Controller in 2016 and is expected to further grow during the forecast period. Asia Pacific is expected to be the fastest growing due increasing population, positive economic outlook, expanding middle class population, government initiatives supporting investment in solar energy projects. The global market share of North America, Europe and Asia Pacific is expected to increase at a high CAGR during the forecast period, while the global market share of Latin America and Middle East and Africa is expected to increase at a slow pace during the forecast period.

Global Solar Charge Controller Market – Scope of the Study

This report analyzes and forecasts the market for Solar Charge Controller at the global and regional level. The market has been forecast based revenue (US$ Mn) from 2017 to 2025, considering 2016 as the base year. The study includes drivers and restraints of the global solar charge controller market. It also covers impact of these drivers and restraints on demand for solar charge controller market during the forecast period. The report also highlights opportunities in the solar charge controller market at the global and regional level.

The report includes detailed value chain analysis, which provides a comprehensive view of the global solar charge controller market. Porter’s Five Forces model for the Solar Charge Controller market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global solar charge controller market by segmenting it in terms of type such as MPPT, PWM and simple 1 or 2 stage controls. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides the actual market size of solar charge controller for 2016 and estimated market size for 2017 with forecast for the next eight years. The global market size of solar charge controller has been provided in terms of volume and revenue. Market revenue is in US$ Mn. Market numbers have been estimated based on type and end use of solar charge controller. Market size and forecast for numerous end use have been provided in terms of global, regional, and country level markets.

Global Solar Charge Controller Market – Research Methodology

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, CSA Global, FAO, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, one SOURCE, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.

We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

Global Solar Charge Controller Market – Competitive Analysis

The report comprises profiles of major companies operating in the global solar charge controller market. Key players operating in the global solar charge controller market include, OutBack Power Inc, Xantrex Technologies, Genasun LLC, Luminous Power Technologies Pvt. Ltd, Wenzhou Xihe Electric Co., Ltd, Phocos, Beijing Epsolar Technology Co., Ltd, Steca Elektronik GmbH, and Sollatek. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The global Solar Charge Controller market has been segmented as follows:

Solar Charge Controller Market: Type Analysis

Simple 1 or 2 stage controls
MPPT – (Maximum Power Point Tracking )
PWM –( Pulse-Width Modulation )
Solar Charge Controller Market: End use Analysis

solar home systems
Industrial/commercial buildings
Utility scale
Solar Charge Controller Market: Regional Analysis

North America
U.S.
Canada
Europe
U.K.
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa (MEA)
GCC
South Africa
Rest of MEA

  • Table 1 : Global Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016-2025
  • Table 2 : Global Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016-2025
  • Table 3 : Global Solar Charge Controller Market Size (US$ Mn) Forecast, by Region, 2016-2025
  • Table 4 : North America Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 5 : North America Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
  • Table 6 : North America Solar Charge Controller Market Size (US$ Mn) Forecast, by Country, 2016–2025
  • Table 7 : U.S. Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 8 : U.S. Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
  • Table 9 : Canada Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 10 : Canada Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
  • Table 11 : Europe Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 12 : Europe Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
  • Table 13 : Europe Solar Charge Controller Market Size (US$ Mn) Forecast, by Country, 2016–2025
  • Table 14 : Germany Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 15 : Germany Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
  • Table 16 : U.K. Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 17 : U.K. Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
  • Table 18 : Italy Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 19 : Italy Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
  • Table 20 : Rest of Europe Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 21 : Rest of Europe Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
  • Table 22 : Latin America Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 23 : Latin America Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
  • Table 24 : Latin America Solar Charge Controller Market Size (US$ Mn) Forecast, by Country / Sub-region, 2016–2025
  • Table 25 : Mexico Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 26 : Mexico Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
  • Table 27 : Brazil Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 28 : Brazil Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
  • Table 29 : Rest of Latin America Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 30 : Rest of Latin America Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
  • Table 31 : Asia Pacific Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 32 : Asia Pacific Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
  • Table 33 : Asia Pacific Solar Charge Controller Market Size (US$ Mn) Forecast, by Country / Sub-region, 2016–2025
  • Table 34 : China Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 35 : China Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
  • Table 36 : Japan Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 37 : Japan Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
  • Table 38 : India Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 39 : India Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
  • Table 40 : ASEAN Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 41 : ASEAN Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
  • Table 42 : Rest of Asia Pacific Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 43 : Rest of Asia Pacific Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
  • Table 44 : Middle East & Africa Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 45 : Middle East & Africa Solar Charge Controller Market Size (US$ Mn) Forecast, by End-use, 2016–2025
  • Table 46 : Middle East & Africa Solar Charge Controller Market Size (US$ Mn) Forecast, by Country, 2016–2025
  • Table 47 : GCC Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 48 : GCC Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
  • Table 49 : South Africa Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 50 : South Africa Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
  • Table 51 : Rest of Middle East & Africa Solar Charge Controller Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 52 : Rest of Middle East & Africa Solar Charge Controller Market Size (US$ Mn) and Forecast, by End-use, 2016–2025
  • Figure 1 : Market Snapshot, Global Solar Charge Controller Market, Indicative Revenue (US$ Mn)
  • Figure 2 : Global Solar Charge Controller Market Value Share Analysis, by Material Type, 2016 and 2025
  • Figure 3 : Global Solar Charge Controller Market , by Simple 1 or 2 stage controls (US$ Mn), 2016–2025
  • Figure 4 : Global Solar Charge Controller Market, by PWM (US$ Mn), 2016–2025
  • Figure 5 : Global Solar Charge Controller Market , by MPPT (US$ Mn), 2016–2025
  • Figure 6 : Global Solar Charge Controller Market Attractiveness Analysis, by Type
  • Figure 7 : Global Solar Charge Controller Market Value Share Analysis, by End-user, 2016 and 2025
  • Figure 8 : Global Solar Charge Controller Market , by Solar Home Systems (US$ Mn), 2016–2025
  • Figure 9 : Global Solar Charge Controller Market , by Industrial/ commercial buildings (US$ Mn), 2016–2025
  • Figure 10 : Global Solar Charge Controller Market , by Utility Scale (US$ Mn), 2016–2025
  • Figure 11 : Global Solar Charge Controller Market Attractiveness Analysis, by End-user
  • Figure 12 : Global Solar Charge Controller Market Value Share Analysis, by Region, 2016 and 2025
  • Figure 13 : Global Solar Charge Controller Market Attractiveness Analysis, by Region
  • Figure 14 : North America Solar Charge Controller Market Size (US$ Mn) Forecast, 2016–2025
  • Figure 15 : North America Solar Charge Controller Market Attractiveness Analysis, by Country
  • Figure 16 : North America Solar Charge Controller Market Value Share Analysis, by Type, 2016 and 2025
  • Figure 17 : North America Solar Charge Controller Market Value Share Analysis, by End-use, 2016 and 2025
  • Figure 18 : North America Solar Charge Controller Market Value Share Analysis, by Country, 2016 and 2025
  • Figure 19 : North America Solar Charge Controller Market Attractiveness Analysis, by Type
  • Figure 20 : North America Solar Charge Controller Market Attractiveness Analysis, by Application
  • Figure 21 : Europe Solar Charge Controller Market Size (US$ Mn) Forecast, 2016–2025
  • Figure 22 : Europe Solar Charge Controller Market Attractiveness Analysis, by Country
  • Figure 23 : Europe Solar Charge Controller Market Value Share Analysis, by Type, 2016 and 2025
  • Figure 24 : Europe Solar Charge Controller Market Value Share Analysis, by End-use, 2016 and 2025
  • Figure 25 : Europe Solar Charge Controller Market Value Share Analysis, by Country, 2016 and 2025
  • Figure 26 : Europe Solar Charge Controller Market Attractiveness Analysis, by Type
  • Figure 27 : Europe Solar Charge Controller Market Attractiveness Analysis, by End-use
  • Figure 28 : Latin America Solar Charge Controller Market Size (US$ Mn) Forecast, 2016–2025
  • Figure 29 : Latin America Solar Charge Controller Market Attractiveness Analysis, by Country / Sub-region
  • Figure 30 : Latin America Solar Charge Controller Market Value Share Analysis, by Type, 2016 and 2025
  • Figure 31 : Latin America Solar Charge Controller Market Value Share Analysis, by End-use, 2016 and 2025
  • Figure 32 : Latin America Solar Charge Controller Market Value Share Analysis, by Country / Sub-region, 2016 and 2025
  • Figure 33 : Latin America Solar Charge Controller Market Attractiveness Analysis, by Type
  • Figure 34 : Latin America Solar Charge Controller Market Attractiveness Analysis, by End-use
  • Figure 35 : Asia Pacific Solar Charge Controller Market Size (US$ Mn) Forecast, 2016–2025
  • Figure 36 : Asia Pacific Solar Charge Controller Market Attractiveness Analysis, by Country / Sub-region
  • Figure 37 : Asia Pacific Solar Charge Controller Market Value Share Analysis, by Type, 2016 and 2025
  • Figure 38 : Asia Pacific Solar Charge Controller Market Value Share Analysis, by End-use, 2016 and 2025
  • Figure 39 : Asia Pacific Solar Charge Controller Market Value Share Analysis, by Country / Sub-region, 2016 and 2025
  • Figure 40 : Asia Pacific Solar Charge Controller Market Attractiveness Analysis, by Type
  • Figure 41 : Asia Pacific Solar Charge Controller Market Attractiveness Analysis, by End-use
  • Figure 42 : Middle East & Africa Solar Charge Controller Market Size (US$ Mn) Forecast, 2016–2025
  • Figure 43 : Middle East & Africa Solar Charge Controller Market Attractiveness Analysis, by Country/sub-region
  • Figure 44 : Middle East & Africa Solar Charge Controller Market Value Share Analysis, by Type, 2016 and 2025
  • Figure 45 : Middle East & Africa Solar Charge Controller Market Value Share Analysis, by End-use, 2016 and 2025
  • Figure 46 : Middle East & Africa Solar Charge Controller Market Value Share Analysis, by Country, 2016 and 2025
  • Figure 47 : Middle East & Africa Solar Charge Controller Market Attractiveness Analysis, by Type
  • Figure 48 : Middle East & Africa Solar Charge Controller Market Attractiveness Analysis, by End-use

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