Power Optimizer Market Growth Revenue By Top Key Players: Huawei Technologies, Maxim Integrated, Texas Instruments, ABB, Fronius International GmbH, SolarEdge Technologies, SMA Solar Technology AG, Tigo Energy

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.

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According to a new research report by the market research and strategy consulting firm, Global Market Insights, Inc, the Power Optimizer Market will surpass an annual installation of 30 million units by 2025. Growing environmental measures along with strict government schemes to curb emissions have aligned industrial focus toward the adoption of efficient energy conservation technologies. Standalone units in the present industrial regime have been influenced primarily by the increase in energy demand across regions facing limited access to grid or complete isolation. Growth in micro-grid infrastructure for renewable energy adoption on a large scale has instituted a positive industry scenario. The agile expansion of sustainable electric infrastructure coupled with advanced technologies for distributed power generation will further augment the power optimizer market.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. SolarEdge Technologies
2. SMA Solar Technology AG
3. Tigo Energy
4. Huawei Technologies
5. Maxim Integrated
6. Texas Instruments
7. ABB
8. Fronius International GmbH

Operational & regulatory amendments across key power markets favored by ongoing technological developments associated with product efficiency, flexibility, and operations have positively influenced the industry dynamics. Henceforth, significant upgrades and variations in manufacturing practices in line with cost-competitiveness will augment the overall power optimizer market scenario.

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Optimizers have emerged in the power industry as a substitute for module level power monitoring & management, coagulating the benefits of MPPT with higher operational efficiencies of string inverters. In addition, features including module mismatch resonance, alleviation of module shading impact and over or under performing modules will strengthen the overall market potential.

Power optimizer market from residential application, is predicted to witness an annual installation of over 10 million units until 2025. Government subsidies, FiT’s, & net metering positively influenced by the integration and manufacture of advance optimizer solutions will further stimulate the product penetration. Furthermore, government rollout plans & schemes including incremental energy efficiency grant to support residential roof-top installations will further complement the business outlook.

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.

Global 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. Optimizers have been characterized as an effective alternative for module level management and power monitoring, concentrating the MPPT benefits with superior operational efficiencies of string invertors. Additional features that include module shading alleviation, module mismatch resonance and under or over performance operating modules will strengthen the power optimizer market dynamics.

Browse key industry insights spread across 575 pages with 893 market data tables & 45 figures & charts from the report, “Power Optimizer Market in detail along with the table of contents:

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Stand-alone units in the current industrial regime, have primarily been influenced by the increase in demand for energy across regions observing complete isolation or limited grid access. The development of micro-grid infrastructure for large-scale renewable adoption has integrated a favorable industry scenario across the developed nations. Moreover, advanced distributed power generation technologies coupled with the ongoing development of sustainable electric infrastructure will further complement the power optimizer market size.

Stringent government measures subject to the capping of incentives and FiTs had obstructed solar installations across the European nations. However, regulators have continuously been focused towards distributed energy storage systems besides photovoltaic (PV) units through the provision of investment grants. The European Commission have imposed similar legislative schemes with an aim to favor the integration of sustainable technologies which will further drive the market growth.

Buck converters are anticipated to exceed USD 900 Million by 2025. Buck units are DC-to-DC converters that step-down voltage levels from input to output. A switched-mode power supply technology containing one energy storage element, two semiconductors (transistor & diode, although new age converters usually replace diode with other transistor, for synchronous modification) and a capacitor, an inductor or the combination of two. Leading manufacturers with technological expertise and R&D capabilities have continuously been investing to upscale product performances which in turn will have the power optimizer market share.

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.

Eminent market participants include SolarEdge Technologies, SMA Solar Technology AG, Tigo Energy, Ampt, LLC, igrenEnergi, Inc., Huawei Technologies, Kuby Renewable Energy, Darfon, Maxim Integrated, Texas Instruments, GreenBrilliance, Ferroamp Elektronik AB, Alencon Systems LLC, ABB, and Fronius International GmbH.

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About Global Market Insights

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