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Module Level Power Electronics (MPLE), is the collective term for AC microinverter and DC Power Optimiser solar systems.Direct current (DC) power optimizers and microinverters (together known as module-level power electronics, or MLPE) are one of the fastest growing market segments in the solar industry.
The Module Level Power Electronics (MLPE) consumption volume was 3056 M Watts in 2017 and is expected to reach 3556 M Watts in 2018 and 11411 M Watts in 2025, growing at a CAGR of 17.90% from 2017 to 2025. North America`s sales volume accounted for the highest market share (60.50%) in 2017, followed by the Europe and China.
The Module Level Power Electronics (MLPE) are mainly used by Residential and Commercial Application. The dominated application of Module Level Power Electronics (MLPE) is Residential.
There are major two kinds of the Module Level Power Electronics (MLPE),includes Power Optimizer and Microinverter. The sales market share of Power Optimizer is 63.17% in 2017.
Despite the presence of competition problems, due to the increasing demand of leading-edge, effective, and convenient products, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
Market Analysis and Insights: Global Module Level Power Electronics (MLPE) Market
The global Module Level Power Electronics (MLPE) market was valued at US$ 852.9 million in 2019 and it is expected to reach US$ 2250.4 million by the end of 2026, growing at a CAGR of 14.7% during 2021-2026.
Global Module Level Power Electronics (MLPE) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Module Level Power Electronics (MLPE) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Power Optimizer
Microinverter
Segment by Application
Residential
Commercial
By Company
Solar Edge
Enphase
Tigo/SMA
APSystems
i-Energy
Lead Solar
Chilicon
BM Solar
Sparq
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
The Module Level Power Electronics (MLPE) consumption volume was 3056 M Watts in 2017 and is expected to reach 3556 M Watts in 2018 and 11411 M Watts in 2025, growing at a CAGR of 17.90% from 2017 to 2025. North America`s sales volume accounted for the highest market share (60.50%) in 2017, followed by the Europe and China.
The Module Level Power Electronics (MLPE) are mainly used by Residential and Commercial Application. The dominated application of Module Level Power Electronics (MLPE) is Residential.
There are major two kinds of the Module Level Power Electronics (MLPE),includes Power Optimizer and Microinverter. The sales market share of Power Optimizer is 63.17% in 2017.
Despite the presence of competition problems, due to the increasing demand of leading-edge, effective, and convenient products, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
Market Analysis and Insights: Global Module Level Power Electronics (MLPE) Market
The global Module Level Power Electronics (MLPE) market was valued at US$ 852.9 million in 2019 and it is expected to reach US$ 2250.4 million by the end of 2026, growing at a CAGR of 14.7% during 2021-2026.
Global Module Level Power Electronics (MLPE) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Module Level Power Electronics (MLPE) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Power Optimizer
Microinverter
Segment by Application
Residential
Commercial
By Company
Solar Edge
Enphase
Tigo/SMA
APSystems
i-Energy
Lead Solar
Chilicon
BM Solar
Sparq
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
