Power Optimizer Market Summary
According to the new market research report “Global Power Optimizer Market Report 2024-2030”, published by QYResearch, the global Power Optimizer market size is projected to reach USD 3028 million by 2030, at a CAGR of 9.8% during the forecast period.
The power optimizer is a DC input, DC output (DC-DC) component-level power electronic equipment (MLPE) that improves MPPT accuracy to the component level, minimizing mismatch losses and maximizing component arrangement flexibility. The DC-DC power optimizer separates the MPPT function of the inverter from the inverter equipment and replaces the junction box with the output end of the component. The output end of each power optimizer is connected to the inverter in series, and the inverter The converter only retains simple DC-AC conversion function.
Figure. Global Power Optimizer Market Size (US$ Million), 2019-2030
Above data is based on report from QYResearch: Global Power Optimizer Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
Figure. Global Power Optimizer Top 9 Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Above data is based on report from QYResearch: Global Power Optimizer Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
The global key manufacturers of Power Optimizer include SolarEdge, Huawei, Tigo, Ampt, GNE, Ferroamp, Alencon Systems, Fonrich, DPC, etc. In 2022, the global top five players had a share approximately 84.0% in terms of revenue.
Figure. Power Optimizer, Global Market Size, Split by Product Segment
Based on or includes research from QYResearch: Global Power Optimizer Market Report 2024-2030.
Figure. Power Optimizer, Global Market Size, Split by Application Segment
Based on or includes research from QYResearch: Global Power Optimizer Market Report 2024-2030.
Market Drivers:
The proportion of newly installed distributed photovoltaic capacity in the world continues to increase: Based on the global new energy development plan, the cost of photovoltaic power generation and the policy support of various governments, the development of the photovoltaic industry in the future will still present a market pattern of joint development of centralized and distributed. As the advantages of distributed photovoltaic power generation gradually come into play, distributed markets such as China, Brazil, and India are growing rapidly. It is expected that by 2025, the proportion of new installed capacity of distributed photovoltaic power generation in the world will reach about 45%.
Restraint:
Increasing the module power leads to a reduction in the unit cost of the power optimizer, which in turn forces the power optimizer to reduce its price: the increase in module power directly reduces the consumption of the power optimizer in each MW power station project, reducing the unit cost of the photovoltaic bracket, which in turn reduces the unit cost of the power optimizer. Force power optimizer manufacturers to lower their prices.
The installation convenience of products of domestic enterprises is poor: Overseas manufacturers have earlier paid attention to and solved the problem of customer installation labor costs, and have made long-term and large-scale technical accumulation in terms of product installation convenience, reducing installation costs for customers.
It will take time for users to accept latecomer enterprise technology solutions: SolarEdge and Tigo products have formed a certain degree of user stickiness and habits. As pioneers in the international market, the technical solutions of SolarEdge and Tigo products have been deeply rooted in the hearts of the people and have formed certain user habits. As domestic companies are latecomers, it will take some time for the different technical solutions they adopt to be recognized and accepted by customers.
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