Global Module Level Power Electronics (MLPE) market will reach 1920 million US$ by the end of 2025
Published Date: 2019/2/12
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.
The Module Level Power Electronics (MLPE) consumption volume was 3056 M Watts in 2017 and is expected to reach 3556 M Watts in 2018 and 11411 M Watts in 2025, growing at a CAGR of 17.90% from 2017 to 2025. North America`s sales volume accounted for the highest market share (60.50%) in 2017, followed by the Europe and China.
The Module Level Power Electronics (MLPE) are mainly used by Residential and Commercial Application. The dominated application of Module Level Power Electronics (MLPE) is Residential.
There are major two kinds of the Module Level Power Electronics (MLPE),includes Power Optimizer and Microinverter. The sales market share of Power Optimizer is 63.17% in 2017.
Despite the presence of competition problems, due to the increasing demand of leading-edge, effective, and convenient products, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
The global Module Level Power Electronics (MLPE) market is valued at 640 million US$ in 2017 and will reach 1920 million US$ by the end of 2025, growing at a CAGR of 14.7% during 2018-2025.
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