Power Optimizer Market - Development Trends and Top Companies to 2025
Category: #technology  By Rahul Varpe  Date: 2021-11-25
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Power Optimizer Market - Development Trends and Top Companies to 2025

Power optimizer market to grow at a rapid pace owing to legislative schemes imposed by European Commission with an objective of sustainable technology integration. In the wake of stringent government measures subjugated to FiT's and incentive capping has led to decline in solar installations across European nations. However, through the provision of incentive grants, regulators have continuously been focused towards the integration of distributed energy storage technology besides PV installations.

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Buck convertor market by 2025, is estimated to grow over USD 900 Million. Buck units are DC-DC power convertor that step-down voltage from input to output. The power supply technology is based on switched mode containing one element of energy storage, a capacitor and two semiconductors (diode & transistor, although for synchronous modification, new generation convertors replace diode with transistor), an inductor or a combination of two. Prominent manufacturers with R&D capabilities and technological expertise have been investing continuously to enhance product performance which in turn will boost the power optimizer market growth.

The power optimizer market is expected to rise exponentially owing to agile expansion of sustainable electric infrastructure coupled with advanced technologies for distributed power generation. Standalone units in the present industrial regime have been influenced primarily by the increase in energy demand across regions facing limited access to grid or complete isolation. Growth in micro-grid infrastructure for renewable energy adoption on a large scale has instituted a positive industry scenario.

Power Optimizer Market is anticipated to rise at a considerable rate by 2025. Optimizers have been characterized as an effective alternative for module level management and power monitoring, concentrating the MPPT benefits with superior operational efficiencies of string invertors. Additional features that include module shading alleviation, module mismatch resonance and under or over performance operating modules will strengthen the power optimizer market dynamics.

Prominent power optimizer market players comprise of Ferroamp, Fronious, Morsun, ABB, Texas Instruments, Xandex, GreenBrilliance, Alencon, Huawei, Kuby, Maxim Integrated, igrenEnergi, Renewable Energy, Darfon Electronics, Ampt, Altenergy, SMA Solar, Tigo and SolarEdge.

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Power optimizer market from residential applications is estimated to surpass an annual installation 10 million units by 2025. Net metering, FiT's and government subsidies influenced by the manufacture and integration of advanced optimizer solutions will further enhance penetration of the product. Furthermore, government schemes and rollout plans such as energy efficiency grant to favor roof-top installations in the residential sector will further augment the business outlook.

Stringent government regulations in response to growing environmental concerns to curtail carbon emissions have positively influenced adoption of technologies ensuring energy conservation. Regulatory and operational amendments across eminent power markets supported by technological enhancements associated with product operations, flexibility and efficiency have influenced the industry dynamics positively. Henceforth, prominent technological variations and upgrades favored by manufacturer inclination towards cost competitive product development will augment the global power optimizer market.

Related Reports: -

Heat Meters Market: https://www.globenewswire.com/news-release/2018/09/04/1564698/0/en/Heat-Meters-Market-worth-over-1bn-by-2024-Global-Market-Insights-Inc.html

Smart Electric Meter Market: https://www.prnewswire.com/news-releases/smart-electric-meter-market-value-to-hit-12-bn-by-2026-global-market-insights-inc-301120860.html

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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