Microinverters and DC Power Optimizers Will Reach Nearly $2 Billion in Annual Revenue by 2020, Forecasts Navigant Research
Microinverters and DC optimizers, commonly referred to as module-level power electronics (MLPEs), increase the energy harvested by solar PV modules and reduce the levelized cost of electricity by converting or conditioning power at the module level. As a result, microinverters and DC optimizers are two of the most disruptive technologies in the solar PV sector today. Click to tweet: According to a new report from Navigant Research, revenue from microinverters and DC optimizers will grow from $308 million in 2013 to more than $1.9 billion in 2020.
"The module-level power electronics sector has grown from a niche market to mainstream, especially in the United States, where there is fierce competition in major solar PV markets like California," says Dexter Gauntlett, senior research analyst with Navigant Research. "What's more, a growing number of solar PV module manufacturers are now integrating microinverters and DC optimizers at their own production plants. At the same time, large power electronics companies and incumbent manufacturers are making strategic partnerships and acquisitions to take advantage of rapid growth in this market segment."
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