Global Module Level Power Electronics (MLPE) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Module Level Power Electronics (MLPE) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Module Level Power Electronics (MPLE), is the collective term for microinverter and Power Optimizer solar systems. These types of solar systems are more complex than traditional DC solar systems with string inverters, but come with a whole range of additional features and benefits. For example, MPLE improves increased energy yield, shade tolerance, module reliability and design flexibility.

Market Overview:

The latest research study on the global Module Level Power Electronics (MLPE) market finds that the global Module Level Power Electronics (MLPE) market reached a value of USD 1427.61 million in 2022. It’s expected that the market will achieve USD 3131.9 million by 2028, exhibiting a CAGR of 13.99% during the forecast period.

Influence of COVID-19 Outbreak on Module Level Power Electronics (MLPE) Industry Development

The impact of COVID-19 has caused a shock to the macro economy, related projects have stagnated and delayed, and consumer demand for end products has declined, which will cause short-term international trade in photovoltaic products to be frustrated. Module Level Power Electronics (MLPE) is a device that can be integrated into a solar photovoltaic system. Therefore, the negative impact will be transmitted forward and the MLPE market will also be affected. Affected by factors such as enterprise operating rate, employee arrival rate, raw material supply, logistics and other factors, the manufacturing and sales of the MLPE industry will be affected in the short term, resulting in the backward delay of industry demand.

After the epidemic, the world will increase investment in renewable energy to stimulate economic growth. The International Energy Agency (IEA) believes that due to the COVID-19 epidemic, electricity consumption in countries around the world has fallen sharply. The total energy demand is expected to hit the largest decline in nearly 70 years, but renewable energy will become the only positive demand in 2020. The energy way of growth. At the same time, the G20 Energy Ministers' Meeting stated that it will evaluate the response to the new crown pneumonia epidemic in September, as well as the broader G20's cleaner and sustainable energy system transformation agenda. It can be seen that after this epidemic, renewable energy represented by photovoltaics will have greater development opportunities. Module Level Power Electronics (MLPE) will also usher in new market development opportunities.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Solar Edge is one of the major players operating in the Module Level Power Electronics (MLPE) market, holding a share of 57.02% in 2020.

SolarEdge provides solar power optimization and photovoltaic monitoring solutions. The Company offers optimizers, inverters, monitoring equipment, tools, and accessories for power harvesting, conversion, and efficiency. SolarEdge serves customers worldwide.

Enphase delivers smart, easy-to-use solutions that connect solar generation, storage and management on one intelligent platform.

Segmentation Overview:

Among different product types, Power Optimizer segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Residential segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Module Level Power Electronics (MLPE) market covered in Chapter 3:

Envertech
Darfon Electronics
Tigo/SMA
Chilicon
AEconversion
APSystems
Solar Edge
Sparq
Lead Solar
Enphase

In Chapter 4 and Chapter 14.2, on the basis of types, the Module Level Power Electronics (MLPE) market from 2018 to 2029 is primarily split into:

Power Optimizer
Microinverter

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Module Level Power Electronics (MLPE) market from 2018 to 2029 covers:

Residential
Commercial
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)