Solar Microinverter and Power Optimizer Market is Expected to Expand at an Impressive Rate by 2024
Global Solar Microinverter and Power Optimizer Market: Overview Microinverters and power optimizers, collectively called module-level power electronics (MLPEs), are currently one of the fastest growing market segments in the global solar power generation market . Although centralized or string inverters are still by far the most preferred and deployed choice of technology for rooftop solar panel systems worldwide, the promise of optimal performance and comparatively more power output (an estimated 25% more than conventional PV systems), especially when the PV systems are installed in unevenly shaded or complex regions (e.g. having two or more orientations), are increasing the popularity of MLPEs on a global front. Interestingly, over half of all the residential rooftop solar PV installations in the U.S. had some form of MPLE in 2014. Solar microinverters and power optimizers offer similar benefits to solar PV systems but operate in different ways. Both systems are mou...