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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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.
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.
The List of companies covered in this Reports are:
- Alencon Systems, LLC
2. Altenergy Power System Inc.
3. Ampt, LLC
4. Fronius International GmbH
5. igrenEnergi, Inc.
6. Kuby Renewable Energy Ltd.
7. ML Solar
8. Solar Technology AG
9. SolarEdge Technologies Inc
10. Tigo Energy, Inc.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global power optimizer market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The power optimizer market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting power optimizer market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the power optimizer market in these regions.
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