The market for microinverters and DC power optimisers could be worth as much as US$2 billion by 2020, according to a new report by Navigant Research.
Collectively referred to as module-level power electronics (MLPEs), they can increase the energy captured by PV modules and lower the cost of electricity they produce.
Navigant calls them the two of the most “disruptive technologies” in the solar industry today.
“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,” said 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 optimisers 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.”