Microinverters and DC power optimizers to approach USD2bn in annual revenue by 2020

November 06, 2013 // By Paul Buckley
Revenue from microinverters and DC optimizers will grow from $308 million in 2013 to more than $1.9 billion in 2020 forecasts market analyst, Navigant Research.

In a new report entitled 'Microinverters and DC Optimizers' Navigant Research says that the rapid acceleration in the deployment of solar PV systems has escalated the competition between MLPE manufacturers and incumbent inverter suppliers. Instead of trying to fight microinverter manufacturers, larger technology suppliers, such as ABB, have joined the sector through acquisition.  DC optimizer manufacturers, meanwhile, are growing rapidly and have partnered with module manufacturers to directly compete with microinverter companies in the residential segment and beyond - a trend that could shape the future of MLPEs and distributed solar.

“The module-level power electronics sector has grown from a niche market to mainstream, especially in the United States, where there is fierce competition in major solar PV markets like California,” said Dexter Gauntlett, senior research analyst with Navigant Research.  “What’s more, a growing number of solar PV module manufacturers are now integrating microinverters and DC optimizers at their own production plants.  At the same time, large power electronics companies and incumbent manufacturers are making strategic partnerships and acquisitions to take advantage of rapid growth in this market segment.”

Visit Navigant Research at www.navigantresearch.com


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