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Global Module Level Power Electronics (MLPE) Market Growth 2023-2029

Global Module Level Power Electronics (MLPE) Market Growth 2023-2029

Product Code:457677

Published Date: Feb 08,2023

Pages: 106

Region: Global

Category: Electronics & Semiconductor

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Module Level Power Electronics (MPLE), is the collective term for AC microinverter and DC Power Optimiser solar systems.Direct current (DC) power optimizers and microinverters (together known as module-level power electronics, or MLPE) are one of the fastest growing market segments in the solar industry.

LPI (LP Information)' newest research report, the “Module Level Power Electronics (MLPE) Industry Forecast” looks at past sales and reviews total world Module Level Power Electronics (MLPE) sales in 2022, providing a comprehensive analysis by region and market sector of projected Module Level Power Electronics (MLPE) sales for 2023 through 2029. With Module Level Power Electronics (MLPE) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Module Level Power Electronics (MLPE) industry.

This Insight Report provides a comprehensive analysis of the global Module Level Power Electronics (MLPE) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Module Level Power Electronics (MLPE) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Module Level Power Electronics (MLPE) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Module Level Power Electronics (MLPE) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Module Level Power Electronics (MLPE).

The global Module Level Power Electronics (MLPE) market size is projected to grow from US$ 2305.3 million in 2022 to US$ 6225.8 million in 2029; it is expected to grow at a CAGR of 6225.8 from 2023 to 2029.

Global Module Level Power Electronics (MLPE) key players include Solar Edge, Enphase, Tigo/SMA, APSystems, i-Energy Co.,Ltd., etc. Global top five manufacturers hold a share above 95%. North America is the largest market, with a share above 60%, followed by Europe, with a share about 25 percent. In terms of product, microinverter is the largest segment, with a share above 60%. And in terms of application, the largest application is Residential,with a share above 85%.

This report presents a comprehensive overview, market shares, and growth opportunities of Module Level Power Electronics (MLPE) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Power Optimizer
    Microinverter

Segmentation by application
    Residential
    Commercial

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Solar Edge
    Enphase
    Tigo/SMA
    APSystems
    i-Energy
    Lead Solar
    Chilicon
    BM Solar
    Sparq
    Hoymiles
    Ningbo Deye
    NEP

Key Questions Addressed in this Report
What is the 10-year outlook for the global Module Level Power Electronics (MLPE) market?
What factors are driving Module Level Power Electronics (MLPE) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Module Level Power Electronics (MLPE) market opportunities vary by end market size?
How does Module Level Power Electronics (MLPE) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?