Power optimizers are DC-DC converters and do exactly what they say on the tin: harvest the maximum amount of energy from renewable energy sources like solar and wind. Power optimizers are hugely adaptable technologies, used in both small-scale residential settings and in utility-scale commercial applications.
Given that the world is increasingly relying on renewable energy, maximizing efficiency is essential. And, despite being the cleanest energy source, solar power only has an output power efficiency of around 25%. Power optimizers will play an integral role in making solar panels more efficient in compromising situations, like when conditions are shaded. According to SolarEdge, solar panels can produce up to 25% more power with the help of DC power optimizers.
These factors are propelling the market into a period of sustained growth. BCC Research valued the global market for power optimizers at approximately $2.3 billion in 2021 and has forecast it to reach $4.0 billion by 2027, growing at a CAGR of 9.3%. With expansion on the cards, we’re breaking down the top ten most significant players in the power optimizers industry.
The key players in the power optimizers market
Each company listed has solid foundations built around power optimizers and has experienced success through strategic positioning and technological innovation. The top ten companies in the industry are:
1. Alencon Systems
Alencon provides power electronics for a diverse range of applications, including commercial, industrial and utility-scale power producers. With the primary goal of developing cleaner sources of power, Alencon’s DC-DC optimizers allow more energy to be harvested while driving down the overall deployment cost for technologies.
2. Ampt
Ampt is a provider of system-level optimizers to the global solar market for lowering costs and increasing the energy production of large-scale PV systems. The company has demonstrated expertise in developing innovative power conversion technologies.
3. Analog Devices
Analog Devices is a semiconductor provider that provides complete hardware, software and system solutions to connect the physical and digital worlds. The company provides power optimizers under its Maxim Integrated brand.
4. Ferroamp
Ferroamp is a Swedish company that focuses on integrating all the new energy landscape concerning local production, local storage and local consumption into the local grid.
5. Huawei
A provider of information and communications technology (ICT) infrastructure and smart devices, the company provides solar products under its Fusion solar brand.
6. Infineon
Infineon provides semiconductors and system solutions to four segments: automotive, industrial power control, power and sensor systems, and connected security systems. It provides solar systems under its industrial power control segment.
7. Solantro
The company is a provider of semiconductors to both retailers and customers. Solantro’s chips are designed and built specifically to measure, process and drive complex power architectures from distributed energy resources. It provides power optimizers under its Analog Power Manager (APM) product portfolio.
8. SolarEdge
SolarEdge is a provider of DC-optimized inverter solutions for photovoltaic (PV) systems. The company’s intelligent inverter and optimizing solution maximize power generation while lowering the cost of energy produced by the PV system for improved RoI.
9. Tigo Energy
Tigo is the provider of Flex module level power electronics (MLPE) to increase energy production, enhance safety and decrease the operating costs of solar installations.
10. Xandex
Xandex Inc. is a provider of semiconductors. The Xandex Solar division markets its products under the SunMizer brand.
Discover the market outlook for power optimizers
With sustainability high on the global agenda, maximizing energy efficiency has become a key element of many organizations’ roadmaps. To get ahead of the curve and capitalize on this potential, having access to reliable market research and data is essential.
BCC Research’s recent report Power Optimizers: Global Market Outlook offers an invaluable tool for businesses and organizations navigating this space. Download your complimentary overview or purchase the report in full here.
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