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Global Module Level Power Electronics (MLPE) Market Growth 2019-2024
SKU ID : LPI-13842780 | Publishing Date : 08-Feb-2019 | No. of pages : 130
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.
According to this study, over the next five years the Module Level Power Electronics (MLPE) market will register a 14.7% CAGR in terms of revenue, the global market size will reach US$ 1460 million by 2024, from US$ 640 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Module Level Power Electronics (MLPE) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Module Level Power Electronics (MLPE) market by product type, application, key manufacturers and key regions and countries.
This study considers the Module Level Power Electronics (MLPE) value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Power Optimizer
Microinverter
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Residential
Commercial
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Solar Edge
Enphase
Tigo/SMA
APSystems
i-Energy Co.,Ltd.
Lead Solar
Chilicon
BM Solar
Sparq
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Module Level Power Electronics (MLPE) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Module Level Power Electronics (MLPE) market by identifying its various subsegments.
Focuses on the key global Module Level Power Electronics (MLPE) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Module Level Power Electronics (MLPE) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Module Level Power Electronics (MLPE) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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.
According to this study, over the next five years the Module Level Power Electronics (MLPE) market will register a 14.7% CAGR in terms of revenue, the global market size will reach US$ 1460 million by 2024, from US$ 640 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Module Level Power Electronics (MLPE) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Module Level Power Electronics (MLPE) market by product type, application, key manufacturers and key regions and countries.
This study considers the Module Level Power Electronics (MLPE) value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Power Optimizer
Microinverter
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Residential
Commercial
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Solar Edge
Enphase
Tigo/SMA
APSystems
i-Energy Co.,Ltd.
Lead Solar
Chilicon
BM Solar
Sparq
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Module Level Power Electronics (MLPE) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Module Level Power Electronics (MLPE) market by identifying its various subsegments.
Focuses on the key global Module Level Power Electronics (MLPE) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Module Level Power Electronics (MLPE) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Module Level Power Electronics (MLPE) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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.
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