The global solar charge controller market size was US$ 1.8 billion in 2021. The global solar charge controller market size is estimated to reach US$ 3.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.6% during the forecast period from 2022 to 2030.
The solar charge controller regulates the flow of current and voltage to the battery connected to the solar panel, thereby preventing the battery from being discharged or overcharged. They are mainly used in off-grid solar panels to direct energy flow to the battery. It also utilizes a switched series controller to regulate the charging current for Photovoltaic applications. Solar charge regulators are also known as solar charge converters.
Factors Affecting Market Growth
Rapid growth in solar panel installations, the surge in the diversity of rooftop operations, and increasing electronic infrastructure in remote areas for solar power technologies contribute to the growth of the global market.
Rising power consumption from data centers and communication base stations, as well as growth in penetration of solar photovoltaic modules in hospitals, hotels, and corporate offices due to the rise in demand for solar charge controllers, boosts the global market.
The high cost of the initial building of solar batteries and the drawbacks associated with solar charge regulators may slow down the global market.
Rapid acquisition of solar power generation due to the rise in demand for solar charge controllers with a current capacity of 20A to 40A from off-grid cabinets, telecommunications, caravans, homes, and remote solar power generation sites is expected to boost the global market.
Impact Analysis of COVID-19
COVID-19 had restricted the demand for solar charge controllers owing to the discontinued building and construction of industrial and commercial solar infrastructure sites due to which the demand for solar power components including batteries, panels, and controllers decreased across the globe, which shows a negative impact on the global market.
Regional Insights
Asia-Pacific gained the major share in 2020 and is expected to maintain this prominence in the market trend due to the presence of key players and a huge consumer base in the region. In addition, the rapid growth of off-grid power generation, the boost in power demand in remote operations, and the rise in awareness and evolution towards battery protection are expected to be the major factors driving the growth of the market in the region.
Leading Competitors
Major companies leading the solar charge controller market are:
Microtek
Phocas
Shenzhen Shuori New Energy Technology Co. Ltd
Simplex America Inc
Steca Electronic GmbH
Studer Innotec
Luminous Power Technologies Pt. Ltd
Gena Sun LLC
Xantrex Technologies
Outback Power Inc.
Others
Segmentation Analysis
The global solar charge market focuses on Type, Current capacity, End-User, and Region.
Segmentation on the basis of Type
Simple 1 or 2-stage Control
Maximum Power Point Tracking (MPPT)
Pulse Width Modulation (PWM)
Segmentation on the basis of Current Capacity
Less than 20A
20A to 40A
More than 40A
Segmentation on the basis of End-User
Utility
Commercial
Industrial
Solar Home Systems
Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America