Power Optimizer Market

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 contains market size and forecasts of Power Optimizer in global, including the following market information:

Global Power Optimizer Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Power Optimizer Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Power Optimizer companies in 2021 (%)

The global Power Optimizer market was valued at 966.4 million in 2021 and is projected to reach US$ 1493.2 million by 2028, at a CAGR of 6.4% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Grid-Connected Solar Microinverter Segment to Reach $ Million by 2028, with a % CAGR in next six years.

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.

We surveyed the Power Optimizer manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Power Optimizer Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Power Optimizer Market Segment Percentages, by Type, 2021 (%)

Grid-Connected Solar Microinverter

Grid-Off Solar Microinverter

Global Power Optimizer Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Power Optimizer Market Segment Percentages, by Application, 2021 (%)

Residential

Commercial

Others

Global Power Optimizer Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Power Optimizer Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Power Optimizer revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Power Optimizer revenues share in global market, 2021 (%)

Key companies Power Optimizer sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Power Optimizer sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Enphase Energy

SolarEdge Technologies

SMA

SunPower

Power-One

Sungrow

AP System

Samil Power