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Global Power Optimizer Market Size & study Forecast, by Connectivity (On-Grid, Standalone), by Application (Residential, Commercial, Utility), by End-use (Module Level, MPPT, Advanced Power Line Communication, Monitoring Components, Safety Shutdown Components, Others) and Regional Analysis, 2023-2030

March 2024 | 200 pages | ID: GC5F5B40CC69EN
Bizwit Research & Consulting LLP

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Global Power Optimizer Market is valued at approximately USD2.88 billion in 2022and is anticipated to grow with a healthy growth rate of more than 10.81%duringthe forecast period 2023-2030.Power optimizers are electronic devices utilized in Photovoltaic (PV) systems to enhance energy harvest by regulating the output of individual solar panels. They maximize energy production by mitigating mismatch losses and mitigating shading effects. Power optimizers increase system efficiency and reliability, thereby optimizing overall PV system performance. The Global Power Optimizer Market is continuously growing due to factors such as growing awareness of energy efficiency and increasing solar PV installations.

Due to a rapid increase insolar PV installation, the demand for power optimizers have gradually increased. According to the International Energy Agency IEA, in 2022, solar PV generation surged by a record 270?TWh, marking a 26% increase to nearly 1,300?TWh. This growth outpaced all other renewable technologies, surpassing wind for the first time. The growth aligns with the Net Zero Emissions by 2050 Scenario's projections for 2023-2030. Factors such as improved economic viability of PV, robust supply chain development, and supportive policies in key regions such asChina,the US, the EU, and India are propelling capacity expansion. Consequently, solar PV's tracking status was upgraded in 2023 from 'more effort needed' to 'on track.' Sustaining this growth to meet net-zero targets may necessitate tripling annual capacity additions compared to 2022 until 2030. This results in the growth and expansion of the Power Optimizer Market globally. Moreover, government initiatives and expansion in the residential sector are opportunities for the Global Power Optimizer Market. However, the availability of alternative technologies and perception of reliability stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Power Optimizer Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022owing to factors such as rapid industrialization, rapid development in the renewable energy sector and easy installation of power optimizer. Europe is expected to grow significantly over the forecast period, owing to factors such as the expansion of residential as well as commercial infrastructure, growing awareness for energy efficiency and investments in the electrification of rural as well as remote areas that led to the market growth of Power Optimizer Market globally.

Major market player included in this report are:

Tigo Energy Inc.

I-Energy Co., Ltd

SolarEdge Technologies, Inc

Altenergy Power System, Inc

Alencon Systems, LLC

Enphase Energy

Delta Energy Systems Inc.

Solantro Semiconductor

SunPower Corporation

KACO New Energy, Inc

Recent Developments in the Market:
  • In December 2021, SolarEdge introduced the S-Series Power Optimizers, a fresh lineup of Power Optimizers designed to provide detailed monitoring of individual module performance, ultimately enhancing energy output and system reliability. Additionally, this new range incorporates the SolarEdge Sense Connect Application, which serves to pre-empt thermal irregularities.
  • In January 2022, Enphase Energy and Semper Solaris, a top home solar and battery contractor, announced a partnership to install Enphase energy systems using IQ Microinverters and IQ Batteries in residential settings. This collaboration may provide households with enhanced flexibility and control to optimize their home energy systems.
  • In February 2021, Delta launched the M250HV, a high-capacity string inverter designed to enhance the efficiency and ease of planning, installation, and operation of large-scale solar power plants. The new inverter features 12 MPP trackers and a 250kW power output, resulting in improved performance and flexibility.
Global Power Optimizer Market Report Scope:
  • Historical Data –2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered –Connectivity, Application, End-use, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potentialopportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Connectivity:

On-Grid

Standalone

By Application:

Residential

Commercial

Utility

By End-use:

Module Level MPPT

Advanced Power Line Communication

Monitoring Components

Safety Shutdown Components

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Power Optimizer Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Power Optimizer Market, by Connectivity,2020-2030 (USD Billion)
  1.2.3. Power Optimizer Market, by Application, 2020-2030 (USD Billion)
  1.2.4. Power Optimizer Market, by End-use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL POWER OPTIMIZER MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL POWER OPTIMIZER MARKET DYNAMICS

3.1. Power Optimizer Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Growing Awareness of Energy Efficiency
    3.1.1.2. Increasing Solar PV Installations
  3.1.2. Market Challenges
    3.1.2.1. Perception of Reliability
    3.1.2.2. Availability of alternative technologies
  3.1.3. Market Opportunities
    3.1.3.1. Government Initiatives and Incentives
    3.1.3.2. Expansion in Residential Sector

CHAPTER 4. GLOBAL POWER OPTIMIZER MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL POWER OPTIMIZER MARKET, BY CONNECTIVITY

5.1. Market Snapshot
5.2. Global Power Optimizer Market by Connectivity, Performance - Potential Analysis
5.3. Global Power Optimizer Market Estimates & Forecasts byConnectivity2020-2030 (USD Billion)
5.4. Power Optimizer Market, Sub Segment Analysis
  5.4.1. On-Grid
  5.4.2. Standalone

CHAPTER 6. GLOBAL POWER OPTIMIZER MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Power Optimizer Market byApplication, Performance - Potential Analysis
6.3. Global Power Optimizer Market Estimates & Forecasts byApplication 2020-2030 (USD Billion)
6.4. Power Optimizer Market, Sub Segment Analysis
  6.4.1. Residential
  6.4.2. Commercial
  6.4.3. Utility

CHAPTER 7. GLOBAL POWER OPTIMIZER MARKET, BY END-USE

7.1. Market Snapshot
7.2. Global Power Optimizer Market byEnd-use, Performance - Potential Analysis
7.3. Global Power Optimizer Market Estimates & Forecasts byEnd-use2020-2030 (USD Billion)
7.4. Power Optimizer Market, Sub Segment Analysis
  7.4.1. Module Level MPPT
  7.4.2. Advanced Power Line Communication
  7.4.3. Monitoring Components
  7.4.4. Safety Shutdown Components
  7.4.5. Others

CHAPTER 8. GLOBAL POWER OPTIMIZER MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Power Optimizer Market, Regional Market Snapshot
8.4. North America Power Optimizer Market
  8.4.1. U.S. Power Optimizer Market
    8.4.1.1. Connectivity breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
    8.4.1.3. End-use breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Power Optimizer Market
8.5. Europe Power Optimizer Market Snapshot
  8.5.1. U.K. Power Optimizer Market
  8.5.2. Germany Power Optimizer Market
  8.5.3. France Power Optimizer Market
  8.5.4. Spain Power Optimizer Market
  8.5.5. Italy Power Optimizer Market
  8.5.6. Rest of EuropePower Optimizer Market
8.6. Asia-Pacific Power Optimizer Market Snapshot
  8.6.1. China Power Optimizer Market
  8.6.2. India Power Optimizer Market
  8.6.3. Japan Power Optimizer Market
  8.6.4. Australia Power Optimizer Market
  8.6.5. South Korea Power Optimizer Market
  8.6.6. Rest of Asia Pacific Power Optimizer Market
8.7. Latin America Power Optimizer Market Snapshot
  8.7.1. Brazil Power Optimizer Market
  8.7.2. Mexico Power Optimizer Market
8.8. Middle East & Africa Power Optimizer Market
  8.8.1. Saudi Arabia Power Optimizer Market
  8.8.2. South Africa Power Optimizer Market
  8.8.3. Rest of Middle East & Africa Power Optimizer Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Tigo Energy Inc.
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. ProductSummary
    9.3.1.5. Recent Developments
  9.3.2. I-Energy Co., Ltd
  9.3.3. SolarEdge Technologies, Inc
  9.3.4. Altenergy Power System, Inc
  9.3.5. Alencon Systems, LLC
  9.3.6. Enphase Energy
  9.3.7. Delta Energy Systems Inc.
  9.3.8. Solantro Semiconductor
  9.3.9. SunPower Corporation
  9.3.10. KACO New Energy, Inc

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Power Optimizer Market, report scope
TABLE 2. Global Power Optimizer Market estimates & forecasts by Region2020-2030 (USD Billion)
TABLE 3. Global Power Optimizer Market estimates & forecasts byConnectivity2020-2030 (USD Billion)
TABLE 4. Global Power Optimizer Market estimates & forecasts by Application2020-2030 (USD Billion)
TABLE 5. Global Power Optimizer Market estimates & forecasts by End-use2020-2030 (USD Billion)
TABLE 6. Global Power Optimizer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Power Optimizer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Power Optimizer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Power Optimizer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Power Optimizer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Power Optimizer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Power Optimizer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Power Optimizer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Power Optimizer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Power Optimizer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Power Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Power Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Power Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Power Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Power Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. FrancePower Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. FrancePower Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. ItalyPower Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. ItalyPower Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. ItalyPower Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. SpainPower Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. SpainPower Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. SpainPower Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoEPower Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoEPower Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoEPower Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Power Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Power Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Power Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Power Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Power Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPACPower Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPACPower Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPACPower Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Power Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Power Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Power Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLAPower Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLAPower Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLAPower Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi ArabiaPower Optimizer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South AfricaPower Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEAPower Optimizer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Power Optimizer Market
TABLE 71. List of primary sources, used in the study of global Power Optimizer Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Power Optimizer Market, research methodology
FIG 2. Global Power Optimizer Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Power Optimizer Market, key trends 2022
FIG 5. Global Power Optimizer Market, growth prospects 2023-2030
FIG 6. Global Power Optimizer Market, porters 5 force model
FIG 7. Global Power Optimizer Market, pest analysis
FIG 8. Global Power Optimizer Market, value chain analysis
FIG 9. Global Power Optimizer Market by segment, 2020& 2030 (USD Billion)
FIG 10. Global Power Optimizer Market by segment, 2020& 2030 (USD Billion)
FIG 11. Global Power Optimizer Market by segment, 2020& 2030 (USD Billion)
FIG 12. Global Power Optimizer Market by segment, 2020& 2030 (USD Billion)
FIG 13. Global Power Optimizer Market by segment, 2020& 2030 (USD Billion)
FIG 14. Global Power Optimizer Market, regional snapshot 2020& 2030
FIG 15. North America Power Optimizer Market2020& 2030 (USD Billion)
FIG 16. Europe Power Optimizer Market2020& 2030 (USD Billion)
FIG 17. Asia pacific Power Optimizer Market2020& 2030 (USD Billion)
FIG 18. Latin America Power Optimizer Market2020& 2030 (USD Billion)
FIG 19. Middle East &AfricaPower Optimizer Market 2020& 2030 (USD Billion)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable


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