A solar charge controller or charge regulator is basically used in the solar energy systems from overcharging by regulating the current or voltage produced through solar panels. Solar charge controllers are available with additional abilities, including lighting fixtures and load control. These controllers serve important purpose in energy systems that avoid damage to batteries in solar systems. Solar charge controllers are used as battery backup in grids, which might be linked to solar systems. On the basis of type, solar charge controllers can be categorized into pulse-width modulation (PWM) charge controller and maximum power point tracking (MPPT) charge controller. In addition, these controllers are utilized to enhance the battery life in the systems. These regulators stop batteries from overcharging and help to protect them from voltage fluctuations. The solar charge controller widely finds its application in residential solar systems; industrial systems in which solar panels are used to power operations; and in utility-scale solar projects.

Market scope and structure analysis:

Segmentation by Product Type:

• Simple 1 or 2 Stage Controls
• Maximum Power Point Tracking (MPPT)
• Pulse-Width Modulation (PWM)

Segmentation by Battery Type:

• Lead-Acid/AGM/Gel Battery
• Lithium Battery

Segmentation by End User:

• Residential
• Commercial
• Industrial

COVID–19 scenario analysis:

Several industries are facing tough situations due to the widespread coronavirus. The global solar charge controller market has impacted negatively due to the pandemic. Government bodies are taking up several decisions, such as lockdown and prohibited transportation, to curb the spread of the virus. Attributed to these factors, the energy industry has scale-back production and workers working from safe places. The novel coronavirus has reduced the overall demand for the energy sector. Supply chain disruptions have made difficulties among manufacturers. Lack of manpower due to lockdown is expected to further reduce the demand for power generation industries. The worldwide lockdown has forced the government to shut down factories and power plants to prevent the spread of virus. These factors are expected to reduce the demand for solar charge controller over the forecast period.

Top impacting factors: Market scenario analysis, trends, and drivers

Rapidly growing installation of solar panels, growing variety of rooftop operations in remote regions, and developing electronic infrastructure for solar power technology are contributing to the growth of this market. Factors, including government guidelines supporting solar energy, growing development of off-grid electrical systems, and growing solar power installations are the key drivers of the solar charge controller market. The residential segment could additionally grow progressively as the population is increasing each day across the globe. It is further resulting in fast urbanization and spurring the demand for power. Furthermore, growing awareness concerning the benefits of solar power is expected to drive the solar charge controller market. MPPT is anticipated to witness high growth rate and is the most desired solar charge controller. However, the product cost is expected to benefit the PWM-based solar charge controllers over MPPT.

The increasing adoption and set up of solar panels in residential and non-residential areas is one of the primary factors predicted to propel the demand for solar charge controller and drive the growth of the global market over the forecast duration. Growing focus concerning fossil fuel conservation and clean gas demand is anticipated to boost the industry growth. Stringent environmental guidelines & law and technological development are the other factors projected to drive a variety of installations of solar panels over the forecast duration. Growing awareness toward using renewable energy sources and increasing affordability of energy storage gadgets are also anticipated to drive the global market. Moreover, increasing government investment in renewable energy solutions is projected to create beneficial opportunities for the growth of the global market.

Regional insights

The Asia-Pacific region dominates the solar charge controller market, accompanied by the Middle East & Africa and North & South America. Countries, including China and India, government projects for upgrades, and maximum usage of renewable power contribute to growth of the target market. Additionally, the Middle East & Africa is untapped and may be a potential market for solar charge controllers. Europe, alongside North America and Latin America, is projected to develop with a substantial rate.

Key benefits of the report:

• This study presents the analytical depiction of the global solar charge controller market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global solar charge controller market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global solar charge controller market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.