QYResearch: Global PV Solar Charge Controllers Market Worth $ 563.38 million by 2022

Analyst: Qin Wei

Company: QYResearch

PV Solar charge controllers, also known as solar charge regulators, are used in solar energy systems to protect the battery from being overcharged and over-discharged. The main types of solar charge controllers in this report covered MPPT and PWM. Off-grid PV power generation system is widely used in remote mountainous area, area and island without electricity, communication base station and other application places, etc. Distributed PV off-grid generation system is the PV power generating system which install in the roof. Distributed PV generation system can be installed in any place with sunshine, including ground, The top of the buildings, side elevation, balcony etc. especially used in schools, hospitals, shopping malls, villas, houses, factories, enterprises and institutions roof, carport, bus stop. The system is generally composed of PV array, solar charge controller, battery, off-grid inverter, dc load and ac load, etc.

According to this study, the global production of PV Solar Energy Charge Controller had up to 7,055 K Units in 2016 from 14,823 K Units in 2012. The global PV Solar Energy Charge Controller market is expected to reach $ 563.38 Million USD in 2022 from $ 437.40 Million USD in 2016, at a CAGR of 4.31% from 2016 to 2022.

The key players in the global PV Solar Energy Charge Controller market are Phocos, Morningstar, Steca, Shuori New Energy, Beijing Epsolar, OutBack Power, Remote Power and among others. In 2016, major demand was accounted 28.89 % from China, followed by USA with 28.70% market share. Other major demand is expected from emerging markets of India, Americas and MEA. PV Solar Energy Charge Controller demand is applied in Industrial & Commercial, such as Telecommunications, Oil & Gas, Commercial Lighting, Monitoring/Surveillance, Traffic, and Railroad, and Residential & Rural Electrification. As of 2016, Industrial & Commercial application of the PV Solar Energy Charge Controller is the largest segment market with a market share of 89.66 percent.

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