Power Optimizer Market Size By Connectivity (Standalone, On-grid), By Converter (Buck, Boost, Buck-Boost), By Application (Residential, Commercial, Utility), By End Use (Module Level MPPT, Advanced Power Line Communication, Monitoring Components, Safety Shutdown Components, Others) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, France, Netherlands, Italy, Germany, Sweden, Russia, Spain, Austria, Ireland, Finland, Denmark, Belgium, Norway, Ukraine, China, Australia, India, Japan, South Korea, Thailand, Malaysia, Philippines, Cambodia, Saudi Arabia, UAE, South Africa, Turkey, Israel, Iran, Egypt, Yemen, Jordan, Morocco, Algeria, Brazil, Chile) Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Jan 2019 | Report ID: GMI3075 | Authors: Ankit Gupta, Aditya Singh Bais Report Format: PDF

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Summary Table of Contents Industry Coverage Methodology

Industry Trends

Power Optimizer Market size in 2018 exceeded USD 1 billion and is anticipated to exceed an annual installation of 30 million units by 2025.

Europe Power Optimizer Market Size, By End Use, 2018 & 2025 (USD Million)

Europe Power Optimizer Market Size, By End Use, 2018 & 2025 (USD Million)

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Rising environmental concerns in line with stringent mandates to curtail emissions have aligned industrial inclination toward the integration of effective energy conservation measures. Power optimizers in the recent years have emerged as core components across modern-day solar power plants. Regulatory & operational re-structuring across prominent power markets supported by rapid technological enhancements in the fields of product operation, efficiency, and flexibility have been pivotal for this evolution. Manufacturers across the industry have been focussed to avail improved product functions, environmental compatibility, power output, and low installation costs. Henceforth, significant variations and upgrades in manufacturing practices coupled with cost-competitiveness will positively sway the global power optimizer market dynamics.

Power Optimizer Market, By Connectivity

Stand-alone connectivity segment has largely been influenced by the upsurge in energy demand across regional peripherals witnessing limited grid access or complete isolation. The expansion of micro-grid networks for large-scale renewable integration has instituted a favourable business scenario in developed countries across the world. Furthermore, advanced distributed generation technologies along with the rapid expansion of sustainable electric networks will stimulate the product demand.

Regulators across the globe have continuously been focusing on the extension and development of plans, reforms, and schemes to support grid-scale solar deployments. Introduction of portfolio standards, energy efficiency accord, clean energy drives, green bonds, and renewable certificates are a few regulatory measures fuelling the overall power optimizer market growth. Although, the regulatory and industrial prospects pose a significant growth potential, the industry continues to witness a modest growth subject to the persisting financial impediments.

Power Optimizer Market, By Application

Residential power optimizer market is anticipated to surpass an annual installation of 10 million units by 2025. Reforms including feed-in tariff, subsidies, incentives for grid-tied solar roof-top installations favoured by stringent mandates toward the manufacture and integration of effective optimizer technologies will further streamline the product adoption. In addition, government rollout plans with an aim to support residential roof-top deployments favoured by incremental energy efficiency accord will stimulate the product adoption.

U.S. Power Optimizer Industry, By Application (USD Million)

U.S. Power Optimizer Industry, By Application (USD Million)

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Large-scale industrial and utility-based power optimizer market has significantly been influenced by government mandates and targets in line with COP21 and energy optimization. Increasing focus toward curbing emissions from large industries and generating plants pose an immense potential for technological deployment. In addition, the integration of advanced monitoring units to assess plant performance coupled with the concerns to reduce the dependency on fossil fuel will further pave ways for technological enhancements.

Power Optimizer Market, By End Use

Optimizers have emerged the industry as an alternative for module level power management & monitoring, coagulating the advantage of module level MPPT with high operating efficiencies of string inverters. Furthermore, benefits including mitigation of module shading impact, module mistmatch, and under or over performing modules will complement the power optimizer market outlook.

Advanced control and real-time optimization (RTO) tools have become necessary technologies to compete and maintain profitable operations. Improved profitability through enhanced process stability, throughput & yield, reduced operating costs, effective product quality, and upscaled operational flexibility are few indispensable parameters driving the market growth.

Power Optimizer Market, By Converter

Buck converter-based power optimizer market is predicted to value over USD 900 Million by 2025. These are DC-to-DC power converters which step down voltage from input to their output. It is a type of switched-mode power supply typically containing two semiconductors (diode & transistor, although modern day converters generally replace diode with a second transistor, for synchronous rectification) and one energy storage element, an inductor, capacitor or the combination of two.

Boost converters are DC-to-DC power converter that step-up voltage from their input to its load. These are also a type of switched-mode power supply containing two semiconductors (diode & transistor) & one energy storage element: an inductor, capacitor or the two in combination. Reduced voltage ripples, effective energy storage, probable energy efficiency for associated products will augment the overall boost converter-based power optimizer market size.

Power Optimizer Market, By Region

Stringent norms pertaining to the capping of feed-in tariffs and incentives in the recent years have obstructed solar deployments across European countries. However, regulators have continually been focussed towards decentralized energy storage systems along with PV units through the provision of investment grants. In addition to the existing measures across all the European member states, the European Commission has levied numerous legislative measures with an aim to support renewable integration across the region which in turn will fuel the market penetration.

The U.S. power optimizer market is set to expand over 9% by 2025. Solar power is more prevalent, accessible, and affordable across the North American sub-continent than ever before. Solar energy markets are rapidly maturing and solar electricity has been economically competitive across the region when compared to conventional energy sources. In addition, as the cleanest available domestic energy source, solar supports broader priorities including economic growth, national security, job creation, and climate change mitigation.

Middle East Power Optimizer Industry Size, By Country, 2025 (USD Million) 

Middle East Power Optimizer Industry Size, By Country, 2025 (USD Million)

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Asia Pacific power optimizer market subject to levied solar tax credits, feed-in premiums, and upfront incentives has witnessed a significant proliferation in the recent years. Furthermore, simplified compensation schemes, soft costs, market-based flexible incentives, and investment funds have added to the industry growth. High-end urbanization coupled with the ongoing expansion of sustainable energy networks has positively influenced the industry landscape.

Competitive Market Share

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

Mergers and acquisitions with an aim to diversify technological portfolio have been a primary phenomenon across the industry landscape.

Power Optimizer Industry Background

Power Optimizer Market Segmentation

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These are DC to DC converter technologies deployed to maximize the energy harvested from solar PV systems. The products individually tune the performance of solar panels through maximum power point tracking (MPPT), and optionally tune the output to resonate with the performance of a string inverter.

What Information does this report contain?

Historical data coverage: 2014 to 2018; Growth Projections: 2019 to 2025.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Premium Report: Details

Pages: 575
Tables: 893
Charts / Figures: 45
Companies covered: 18
Countries covered: 40

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