Power Optimizer market size is estimated to be worth US$ 1035.9 million in 2022 and is forecast to a readjusted size of US$ 1528.7 million by 2028 with a CAGR of 6.7% - Valuates Reports

Due to the COVID-19 pandemic, the global Power Optimizer market size is estimated to be worth US$ 1035.9 million in 2022 and is forecast to a readjusted size of US$ 1528.7 million by 2028 with a CAGR of 6.7% during the review period.

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Power Optimizer
A power optimizer is a DC to DC converter technology developed to maximize the energy harvest from solar photovoltaic or wind turbine systems. They do this by individually tuning the performance of the panel or wind turbine through maximum power point tracking, and optionally tuning the output to match the performance of the string inverter. Power optimizers are especially useful when the performance of the power generating components in a distributed system will vary widely, such as due to differences in equipment, shading of light or wind, or being installed facing different directions or widely separated locations.

Power optimizers for solar applications can be similar to microinverters in that both systems attempt to isolate individual panels in order to improve overall system performance. A smart module is a power optimizer integrated into a solar module. A microinverter essentially combines a power optimizer with a small inverter in a single enclosure that is used on every panel, while the power optimizer leaves the inverter in a separate box and uses only one inverter for the entire array. The claimed advantage to this "hybrid" approach is lower overall system costs, avoiding the distribution of electronics.

Power Optimizer Market Analysis and Insights
China Power Optimizer market size is valued at US$ million in 2021, while the US and Europe Power Optimizer are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period.

As for the Europe Power Optimizer landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.

The global key manufacturers of Power Optimizer include Enphase Energy, SolarEdge Technologies, SMA, SunPower, Power-One, Sungrow, AP System and Samil Power, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

In terms of production side, this report researches the Power Optimizer capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Power Optimizer by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Power Optimizer Market Scope and Market Segment
Power Optimizer market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Power Optimizer market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

Power Optimizer Market Segment By Type
Grid-Connected Solar Microinverter
Grid-Off Solar Microinverter

Power Optimizer Market Segment By Application
Residential
Commercial
Others

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