Europe Power Optimizer Market Size 2020 | Industry Share, Trends, Growth Insights, SWOT Analysis by Top Key Vendors and Forecast to 2026
Category: #energy-and-environment  By Ronak Bora  Date: 2021-05-27
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Europe Power Optimizer Market Size 2020 | Industry Share, Trends, Growth Insights, SWOT Analysis by Top Key Vendors and Forecast to 2026

The Europe power optimizer market size is poised to attain considerable growth in upcoming years owing to increasing adoption of environment-friendly substitutes for electricity generation and strict norms to curtail emissions. Substantial technological development coupled with regulatory and operational re-structuring across prominent power markets will further augment the business outlook.

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In recent years, power optimizers are increasingly emerging as one of the most fundamental components in all contemporary solar power plants. Rising inclination towards addition of energy efficient systems and concerns regarding sustainable development will foster the industry trends. Subsequently, favorable government ordinance and legally binding COP21 agreement as well as energy efficiency mandate is set to enhance the business landscape.

Increasing pressure to decrease dependency on fossil fuel will also drive the business scenario. Additionally, upgradation of manufacturing practices for flexibility, product operation, and higher efficiency will positively influence the product demand.

Following are some of the key trends that are expected to shape the Europe power optimizer market growth:

Growing energy demand from off grid areas

Based on connectivity, stand-alone segment is likely to witness robust growth due to the increasing demand for energy from remote and off grid areas. Increasing expansion of micro-grid infrastructure for large-scale integration of renewables into the power sector has generated favorable growth conditions. Subsequently, strong growth of stable electric networks and rising adoption of advanced distribution technologies will also stimulate the product demand.

Increasing adoption of buck converter-based power optimizer

Buck converter-based power optimizer segment is likely to witness a strong demand owing to their ability to enable reduced heat releases. Additionally, extended battery life, driven by effective conversion of high voltage to low voltage will encourage the adoption of DC optimizers that are integrated with buck converters.

The product finds large-scale applicability across smaller systems, enabling effectual driving of power to higher current loads. Moreover, when these units are combined with microcontrollers, they tend to offer MPPT (maximum power point tracking) by changing the current load. This in turn charges the solar battery in a shorter time period, boosting productivity and promoting product deployment.

Integration of optimizer technologies across residential sector

In terms of application, the residential segment will witness robust growth owing to supportive government initiatives such as feed-in tariff incentives, schemes of tax rebate, and subsidies relating to installations of roof-top solar. Stringent mandates aimed towards production as well as integration of effective optimizer technologies will greatly contribute towards revenue growth.

Shifting preference towards module level MPPT

The capability to offer enhanced operating efficiencies in comparison to other counterparts will fuel the module Level MPPT market growth. Numerous benefits such as impact of module sharing of over or under performing modules and module mismatch will complement the power optimizer industry outlook. Furthermore, presence of enhanced power quality provision by optimizing the match among the solar PV panels would also add to the outlook.

Strong inclination towards green alternatives in Spain

On the regional front, the power optimizer market in Spain is set to register notable gains on account of large-scale availability of suitable investment grants on PV units. There is also greater focus towards decentralized energy storage systems. Additionally, the COVID-19 outbreak has caused temporary closure of industry operations, further enabling the European nation to shift towards greener alternatives. According to IEA, there has been a substantial fall in demand for fuels, particularly coal, and oil & gas. However, demand for renewables on the other hand is going quite strong.

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Tigo Energy, Ampt, Texas Instruments, SMA Solar Technology, Huawei Technologies, ABB, SolarEdge, Maxim Integrated, Darfon Electronics Corp, and Altenergy Power System among many others are some of the key players operating in the Europe power optimizer market. Top manufacturers operating in the market are aimed at availing products to their clients with enhanced functions, power output, and environmental compatibility.

Table of Contents (ToC) of the report:

Chapter 1.  Methodology and Scope

1.1.      Research methodology

1.2.      List of data sources

1.2.1.    Primary

1.2.2.    Secondary

Chapter 2.  Market Snapshot

2.1.      Europe power optimizer market snapshot

Chapter 3.  Europe Power Optimizer Market Trends

3.1.      Industry coverage

3.2.             Industry size & forecast, 2015 – 2026

3.3.             Value chain analysis

3.3.1.    Company product snapshot

3.4.      Innovation Landscape

3.5.             Regulatory norms & directives

3.6.             COVID-19 impact on the industry outlook

3.7.             Drivers & restraints

3.7.1.    Market drivers

3.7.2.    Market restraints

3.8.      Industry analysis - Porter's

3.9.             Product growth mapping

3.10.           Competitive benchmarking, 2019

3.10.1.  Strategy dashboard

3.11.    PEST analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1442/europe-power-optimizer-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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