Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Power Optimizer Market by Type (Grid-Connected Solar Microinverter, Grid-Off Solar Microinverter), By Application (Residential, Commercial, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Power Optimizer Market by Type (Grid-Connected Solar Microinverter, Grid-Off Solar Microinverter), By Application (Residential, Commercial, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 266305 4200 Electronics & Semiconductor 377 170 Pages 4.9 (38)
                                          

Market Overview:


The Global Power Optimizer Market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient solutions and the growing awareness about the benefits of using power optimizers. The grid-connected solar microinverter segment is expected to hold a major share of the global power optimizer market during the forecast period. This can be attributed to their ability to improve system performance by up to 25%, as compared with traditional central inverters. These inverters are also easier and faster to install, which makes them popular among residential users. The commercial segment is expected to grow at a higher CAGR than other segments during the forecast period, owingtothegrowing demand for energy-efficient solutions in this sector.


Global Power Optimizer Industry Outlook


Product Definition:


A power optimizer is a device used to improve the performance and efficiency of an electric power system. It does this by regulating the voltage and current supplied to each load, thus reducing losses and improving overall system performance. The importance of a power optimizer cannot be overstated, as it can result in significant cost savings and improved reliability for any electrical system.


Grid-Connected Solar Microinverter:


The global grid-connected solar microinverter market size was valued at USD 8.0 million in 2015 and is expected to grow at a CAGR of XX% over the forecast period. Microinverters are small power generating units which can be installed on residential or commercial roofs, hence they are also called as roof top inverters orTTIs.


Grid-Off Solar Microinverter:


The global grid-off solar microinverter market size was valued at USD 5.0 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period.


Application Insights:


The commercial segment dominated the global power optimizer market in terms of revenue and is expected to witness significant growth over the forecast period. The growing number of commercial buildings, such as hospitals, hotels, restaurants and corporate offices across the globe are driving demand for these devices. Moreover, increasing awareness about energy efficiency among building owners is also anticipated to fuel demand over the coming years.


The residential segment accounted for a share of more than 30% in 2017 owing to rising adoption of solar photovoltaic systems across countries with high insolation such as Germany and Italy. Government initiatives promoting renewable sources including solar PV coupled with declining prices of PV modules are expected to drive industry growth over the coming years.


Regional Analysis:


Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2016 owing to increasing adoption of solar power systems in countries such as China and Japan. Moreover, growing awareness regarding global warming and pollution caused by gas emissions is expected to drive demand for clean energy sources, thereby boosting market growth over the forecast period.


Europe was estimated at USD X million in 2016 and is anticipated to grow at a significant rate during the forecast years on account of rising investments from governments across various countries coupled with favorable government policies aimed at reducing carbon footprint associated with conventional power generation systems. North America held a substantial share in 2016 owing to high penetration rates of grid-connected microinverters installed based on their suitability for commercial applications as compared to residential ones.


Growth Factors:


  • Increasing demand for energy-efficient devices and appliances
  • Rising awareness about the benefits of power optimizers
  • Government initiatives and regulations to promote energy efficiency
  • Growing demand from the commercial sector for power optimizers
  • Technological advancements in power optimizer technology

Scope Of The Report

Report Attributes

Report Details

Report Title

Power Optimizer Market Research Report

By Type

Grid-Connected Solar Microinverter, Grid-Off Solar Microinverter

By Application

Residential, Commercial, Others

By Companies

Enphase Energy, SolarEdge Technologies, SMA, SunPower, Power-One, Sungrow, AP System, Samil Power

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

170

Number of Tables & Figures

119

Customization Available

Yes, the report can be customized as per your need.


Global Power Optimizer Market Report Segments:

The global Power Optimizer market is segmented on the basis of:

Types

Grid-Connected Solar Microinverter, Grid-Off Solar Microinverter

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Residential, Commercial, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Enphase Energy
  2. SolarEdge Technologies
  3. SMA
  4. SunPower
  5. Power-One
  6. Sungrow
  7. AP System
  8. Samil Power

Global Power Optimizer Market Overview


Highlights of The Power Optimizer Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Grid-Connected Solar Microinverter
    2. Grid-Off Solar Microinverter
  1. By Application:

    1. Residential
    2. Commercial
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Power Optimizer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Power Optimizer Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Power Optimizer is a Windows 10 power management feature that helps you save power by automatically adjusting the settings on your device.

Some of the major players in the power optimizer market are Enphase Energy, SolarEdge Technologies, SMA, SunPower, Power-One, Sungrow, AP System, Samil Power.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power Optimizer Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Power Optimizer Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Power Optimizer Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Power Optimizer Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Power Optimizer Market Size & Forecast, 2018-2028       4.5.1 Power Optimizer Market Size and Y-o-Y Growth       4.5.2 Power Optimizer Market Absolute $ Opportunity

Chapter 5 Global Power Optimizer Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Power Optimizer Market Size Forecast by Type
      5.2.1 Grid-Connected Solar Microinverter
      5.2.2 Grid-Off Solar Microinverter
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Power Optimizer Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Power Optimizer Market Size Forecast by Applications
      6.2.1 Residential
      6.2.2 Commercial
      6.2.3 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Power Optimizer Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Power Optimizer Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Power Optimizer Analysis and Forecast
   9.1 Introduction
   9.2 North America Power Optimizer Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Power Optimizer Market Size Forecast by Type
      9.6.1 Grid-Connected Solar Microinverter
      9.6.2 Grid-Off Solar Microinverter
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Power Optimizer Market Size Forecast by Applications
      9.10.1 Residential
      9.10.2 Commercial
      9.10.3 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Power Optimizer Analysis and Forecast
   10.1 Introduction
   10.2 Europe Power Optimizer Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Power Optimizer Market Size Forecast by Type
      10.6.1 Grid-Connected Solar Microinverter
      10.6.2 Grid-Off Solar Microinverter
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Power Optimizer Market Size Forecast by Applications
      10.10.1 Residential
      10.10.2 Commercial
      10.10.3 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Power Optimizer Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Power Optimizer Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Power Optimizer Market Size Forecast by Type
      11.6.1 Grid-Connected Solar Microinverter
      11.6.2 Grid-Off Solar Microinverter
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Power Optimizer Market Size Forecast by Applications
      11.10.1 Residential
      11.10.2 Commercial
      11.10.3 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Power Optimizer Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Power Optimizer Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Power Optimizer Market Size Forecast by Type
      12.6.1 Grid-Connected Solar Microinverter
      12.6.2 Grid-Off Solar Microinverter
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Power Optimizer Market Size Forecast by Applications
      12.10.1 Residential
      12.10.2 Commercial
      12.10.3 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Power Optimizer Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Power Optimizer Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Power Optimizer Market Size Forecast by Type
      13.6.1 Grid-Connected Solar Microinverter
      13.6.2 Grid-Off Solar Microinverter
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Power Optimizer Market Size Forecast by Applications
      13.10.1 Residential
      13.10.2 Commercial
      13.10.3 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Power Optimizer Market: Competitive Dashboard
   14.2 Global Power Optimizer Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Enphase Energy
      14.3.2 SolarEdge Technologies
      14.3.3 SMA
      14.3.4 SunPower
      14.3.5 Power-One
      14.3.6 Sungrow
      14.3.7 AP System
      14.3.8 Samil Power

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