What are power optimizers? How do they work?

Growing focus towards green and clean energy, increasing government initiatives for the adoption of clean energy solutions are some of the significant factors driving the growth of the power optimizer market. The increasing demand for solar energy in the emerging economies of APAC is creating an opportunity for the companies operating in the market to achieve a strong market position.

Power optimizer is used to maximize the energy harvest from solar photovoltaic or wind turbine systems. The increasing environmental concerns and stringent regulations regarding the emission are the major factors that are expected to drive the growth of power optimizer market. The power entry barriers in the power optimizer market are low, therefore, a large number of players are penetrating into the market.

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Some of the key players influencing the market are

Alencon Systems, LLC, Altenergy Power System Inc., Ampt, LLC, Fronius International GmbH, igrenEnergi, Inc., Kuby Renewable Energy Ltd., ML Solar, Solar Technology AG, SolarEdge Technologies Inc, Tigo Energy, Inc.

The global power optimizer market is segmented on the basis of connectivity, application, and end-use. Based on connectivity, the market is segmented as standalone, on-grid. On the basis of application, the market is segmented as residential, commercial, utility. Based on end-use, the market is segmented as module level MPPT, advanced power line communication, monitoring components, safety shutdown components, others.