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Power Optimizer Market by Regional Growth Analysis and Emerging Opportunity to 2025

Author : Ronak Bora | Published Date : 2020-09-21 

Fueled by environmental awareness & strict government schemes, the global power optimizer market size will depict a robust incline in the years to come, with the adoption of highly-efficient energy-conservation technologies. Driven by the primary agenda of curbing the rate of carbon emissions, commercial & residential sectors across the globe are turning to renewable sources of energy to fuel their daily energy requirements. This has led to a reorientation of industrial focus towards incorporating energy conservation technologies to maximize the energy harvested from a renewable energy source. This is where power optimizers factor in – a module-level power electronic (MLPE) device that continually monitors an energy harvester’s maximum power point tracking (MPPT), it helps to adjust the system’s DC characteristics to optimize energy output.

A plethora of ongoing technological developments that are associated with product flexibility, efficiency & operations have also favorably influenced overall industry dynamics. Going forward, sizable upgrades along with variations in different manufacturing practices that are in line with cost-competitiveness would be augmenting the global power optimizer market size.

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Power optimizer market from residential applications is estimated to surpass an annual installation 10 million units by 2025. Net metering, FiT's and government subsidies influenced by the manufacture and integration of advanced optimizer solutions will further enhance penetration of the product. Furthermore, government schemes and rollout plans such as energy efficiency grant to favor roof-top installations in the residential sector will further augment the business outlook.

Pertaining to the growing adoption of renewable energy in tandem with stringent regulations to curb CO2 emissions, the global power optimizer market is likely to traverse alongside a highly remunerative growth graph in the years ahead. Essentially a module-level power electronic (MLPE) device that can efficiently increase a PV solar panel system’s energy output and adjust DC characteristics to maximize energy yield, the product has become a technologically essential component in many residential, commercial and utility-scale solar system designs.

By utilizing modules that are integrated with power optimizers, system designers can now reduce the overall power loss from interrupting shade obstructions, thus protecting the systems from long-term module mismatch owing to uneven soiling or debris. Several PV module OEMs are also incorporating this next generation DC performance optimization technique to gain an edge in the power optimizer industry, further pushing the market trends.

Power optimizers are increasingly emerging as an ideal substitute for module level power monitoring & management, enhancing the benefits of MPPT with higher operational efficiencies of string inverters. Furthermore, the product’s ability to offer constant, uninterrupted output in a partially shaded environment is anticipated to facilitate its adoption sooner than ever. Indeed, shade on any part of a PV solar panel affects a system’s total output performance. However, with the capability of power optimizers to mitigate the shading losses, users are benefitted with stable output power, irrespective of changing sun exposure. This would serve to majorly expedite the demand for the product across countries such as China, Russia and Iceland, impelling the global power optimizer industry trends.

The residential construction sector has been touted to emerge as an invaluable growth hub for power optimizer market. This can aptly be credited to the escalating number of schemes mandated by regional governments – such as incremental energy efficiency grants to support residential roof-top installations. The product has also gained traction in power optimizer industry on account of the rising influx of new, flexible module designs. Say for example in 2018, GreenBrilliance USA, a solar solution provider launched an AI-based solar power optimizer for residential homes called Neurobotz. As per reports, the system’s predictive analytics algorithm generated an optimal load curve and could effectively control the incoming power flow to significantly reduce the amount of electricity consumed in residential zones.

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Prominent power optimizer market players comprise of Ferroamp, Fronious, Morsun, ABB, Texas Instruments, Xandex, GreenBrilliance, Alencon, Huawei, Kuby, Maxim Integrated, igrenEnergi, Renewable Energy, Darfon Electronics, Ampt, Altenergy, SMA Solar, Tigo and SolarEdge.

Table of Contents (ToC) of the report:

Chapter 4    Global Power Optimizer Market, By Connectivity

4.1    Global power optimizer market share by connectivity, 2018 & 2025

4.2    Standalone

4.2.1    Global market from standalone, 2014 - 2025

4.2.2    Global market from standalone, by region, 2014 - 2025

4.3    On-grid

4.3.1    Global market from on-grid, 2014 - 2025

4.3.2    Global market from on-grid, by region, 2014 - 2025

Chapter 5    Global Power Optimizer Market, By Converter

5.1    Global power optimizer market share by converter, 2018 & 2025

5.2    Buck

5.2.1    Global market from buck, 2014 - 2025

5.2.2    Global market from buck, by region, 2014 - 2025

5.3    Boost

5.3.1    Global market from boost, 2014 - 2025

5.3.2    Global market from boost, by region, 2014 - 2025

5.4    Buck - boost

5.4.1    Global market from buck - boost, 2014 - 2025

5.4.2    Global market from buck - boost, by region, 2014 - 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/power-optimizer-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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