The global Module Level Power Electronics (MLPE) market will register a 15.2% CAGR in terms of revenue, the global market size will reach US$ 21693.1million by 2027.
Global environmental concerns about lowering carbon emissions have opened the door to the development of renewable energy sources. Policy interventions such as Nationally Determined Contributions (NDCs) and Sustainable Development Goals (SDGs) are causing a global demand for renewable energy. Solar systems are one of the most important renewable energy sources in the energy business. For example, the Indian government has set a goal of adding 100 GW of solar electricity capacity by 2022, with 40 GW of the capacity expected to come from grid-connected rooftop solar systems. The market for solar systems is also being driven by an increase in government-sponsored projects.
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 Europe and China.
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 investments enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value. The report also assesses the key opportunities in the Module Level Power Electronics (MLPE) market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Module Level Power Electronics (MLPE) Market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Top Key Players in the Module Level Power Electronics (MLPE) Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Module Level Power Electronics (MLPE) Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Solar Edge, Enphase, Tigo/SMA, APSystems, i-Energy, Lead Solar, Chilicon, BM Solar, Sparq and others.
SolarEdge has acquired 3 companies, including 3 in the last 5 years. SolarEdge has been acquired in 3 countries. The Company’s most targeted sectors include electrical equipment (34%) and machinery (34%). SolarEdge provides an end-to-end distributed solar power harvesting and PV monitoring solution, maximizing the power generation of residential, commercial and large-scale PV system installations by up to 25%, for a more rapid return on investment. SolarEdge was founded in 2006 and is based in Herzliya, Israel.
The market is segmented based on the type, applications, companies, and regions.
By Type, the Module Level Power Electronics (MLPE) Market has been segmented into
The end user’s industry application on the Module Level Power Electronics (MLPE) Market is,
North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa make up the global module-level power electronics (MLPE) market by region. In the near future, Asia Pacific is expected to lead the global module-level power electronics (MLPE) market. During the forecast period, the region's module-level power electronics (MLPE) market is expected to grow rapidly. During the projection period, the module-level power electronics (MLPE) market will be driven by the growing popularity of solar energy as well as initiatives implemented by governments across the area. China, India, Japan, Australia, and South Korea are major players in the Asia Pacific module-level power electronics (MLPE) market.
North America
The Module Level Power Electronics (MLPE) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Module Level Power Electronics (MLPE) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Report Title | Module Level Power Electronics (MLPE) Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Solar Edge, Enphase, Tigo/SMA, APSystems, i-Energy, Lead Solar, Chilicon, BM Solar, Sparq |
Forecast Period 2022 to 2028 CAGR | CAGR of 15.2% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Solar Edge, Enphase, Tigo/SMA, APSystems, i-Energy, Lead Solar, Chilicon, BM Solar, Sparq |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 133 |
Customization Available | Yes, the report can be customized as per your needs |
Frequently Asked Questions
What is the study period of this market?
The Module Level Power Electronics (MLPE) Market is studied from 2017 - 2027.
What is the growth rate of Module Level Power Electronics (MLPE) Market?
The Module Level Power Electronics (MLPE) Market is growing at a CAGR of 15.2% over the next 5 years.
Who are the key players in Module Level Power Electronics (MLPE) Market?
Solar Edge, Enphase, Tigo/SMA, APSystems, i-Energy, Lead Solar, Chilicon, BM Solar, Sparq
What regions does this Module Level Power Electronics (MLPE) Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Module Level Power Electronics (MLPE) Market?
Power Optimizer, Microinverter
What are the major end-use applications of the Module Level Power Electronics (MLPE) Market?
Residential, Commercial
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Application_List
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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