Overview

Power Optimizer Market Introduction:

Power Optimizer Market is estimated to value over USD 1.3 billion by 2027 end and is expected to register a CAGR of 8.1% over the forecast period 2020 to 2027.

There has been an increasing integration of effective standards of conserving energy by different business sectors in order to reduce industrial emissions. This has increased the popularity and demand of the power optimizer market. Additionally, regulatory and operational restructuring across distinguished power markets coupled with rapid technological advancements in flexibility, product efficiency and operation have attributed to the market growth significantly.

Based on the type of connector, the market is bifurcated into stand-alone and on-grid segment. The on-grid segment is expected to witness moderate market growth owing to persistent financial impediments. Although, introduction of energy efficient accord, green bonds, portfolio standards, renewable certificates and clean energy drives are the regulatory measures that boost the market growth.

Application-wise, the market is categorised as residential, commercial and utility. The utility-based power optimizer segment is significantly influenced by stringent governmental regulations and targets in line with energy optimization. Additionally, plant performance is assessed with the integration of advanced monitoring units along with perturbing fossil fuel dependency will pave ways for technological advancements in the near future.

Depending on the type of converter, the market is bifurcated into buck converter, boost converter and buck-boost converter.

Based on the end use, the market is fragmented into module level MPPT, advanced power line communication, monitoring components, safety shutdown components and others.

Power Optimizer Market Regional Insight:

The Asia Pacific market is projected to showcase significant market expansion owing to the imposition of upfront incentives and solar tax credits. Additionally, delicate costs, streamlined remuneration plans, market-based adaptable chargers have propelled the market growth further. Rapid urbanization coupled with the development of economical energy systems has significantly influenced the business development in the region.

Power Optimizer Market

Power Optimizer Market Segmentation:

By Region

North America
Europe
Asia Pacific
Latin America
Rest of the World

By Connectivity

Stand-alone
On-grid

By Application

Residential
Commercial
Utility

By Converter

Buck Converter
Boost Converter
Buck-Boost Converter

By End Use

Module Level MPPT
Advanced Power Line Communication
Monitoring Components
Safety Shutdown Components
Others

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

Key Market Players:

SolarEdge
Panasonic
GreenBrillance
Darfon Electronics
Texas Instruments
Xandex
Mornsun
Ferroamp

FutureWise Key Takeaways:

• Growth prospects

• SWOT analysis

• Key trends

• Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the power optimizer market by region, by connectivity, by application, by converter, by end use
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and rest of the world
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions