Microinverters and DC Power Optimizers Will Be Critical to Grid-Scale Integration of Renewable Energy, According to Navigant Research
Annual installations will reach nearly 13,000 MW by 2020, report concludes
BOULDER, Colo.--(BUSINESS WIRE)--One part power electronics and one part networking and communications technology, microinverters and DC optimizers (commonly referred to as module-level power electronics, or MLPEs) are playing an increasingly significant role in large-scale and distributed renewable electricity generation. With the potential to improve the grid’s reliability and increase the overall energy harvest of solar PV projects, they are essential for integrating large amounts of renewable energy onto the grid. Click to tweet: According to a recent report from Navigant Research, annual installations of MLPE capacity will grow from 1,185 megawatts (MW) in 2013 to 12,844 MW by 2020.
“The MLPE industry is moving quickly, with a growing list of solar PV module manufacturers now integrating microinverters and DC optimizers at their own production plants.”
“Microinverters and DC optimizers are two of the most disruptive technologies in the solar PV sector today,” says Dexter Gauntlett, senior research analyst with Navigant Research. “The MLPE industry is moving quickly, with a growing list of solar PV module manufacturers now integrating microinverters and DC optimizers at their own production plants.”
While the market is beginning to see increasingly sophisticated inverters from major manufacturers, disruptive technological innovation by well-funded startups and early stage MLPE companies is rapidly changing the face of the industry. These new companies are successfully promoting new system architectures and eating into the market share of the incumbents, the report concludes.
The report, “Microinverters and DC Optimizers”, analyzes the opportunity for microinverters and DC optimizers in the solar PV market worldwide. The study provides a comprehensive assessment of the demand drivers, technology costs, policy factors, and technology issues associated with the market for MLPEs. Global revenue and capacity forecasts, segmented by technology segment and region, extend through 2020. The report also includes profiles of key industry players and provides current and forecast company and technology market share data. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, “Microinverters and DC Optimizers,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.