Europe Power Optimizer Market Value is anticipated to grow on account of stringent emission reduction norms in conjunction with rising adoption of eco-friendly substitutes for electricity generation. Shifting industry perspective toward integration of energy efficient systems in line with rising concerns for sustainable development will stimulate the industry growth.

Stand-alone segment will witness an upsurge owing to growing energy demand across off grid and remote locations. Ongoing development of micro-grid infrastructure favouring large-scale integration of renewables into power sector has instituted a favourable industry outlook. In addition, adoption of advanced distribution framework and technologies coupled with robust expansion of stable electric networks will fuel the product deployment.

Ability to facilitate reduced heat emissions and extended battery life driven by efficient conversion of high voltage to low voltage will favour the adoption of DC optimizers integrated with buck converters. These units find their wide applicability across smaller systems and enable efficient driving of power to high current loads. Furthermore, these units when combined with microcontrollers can provide maximum power point tracking by varying the load current in order to charge the solar battery in shortest duration which in turn will encourage the product adoption.

Residential power optimizer market is anticipated to grow on account of favourable government initiatives including subsidies, tax rebate schemes and feed-in tariff incentives pertaining to solar roof-top installations which contributes to the grid. Moreover, stricter mandates aimed at manufacturing and integration of energy-efficient optimizer technologies is set to complement the industry outlook.

Module Level MPPT market share is set to escalate on account of its capability to offer high operating efficiencies when compared to its available counterparts. Furthermore, benefits including alleviation of module mismatch and module shading impact of under or over performing modules will foster the industry growth. Provision of improved power quality by optimizing the match between the solar PV panels will further augment the product deployment.

Spain power optimizer market share will witness a rise on account of increasing focus toward decentralized energy storage systems along with availability of suitable investment grants on PV units. In addition, the unforeseen outbreak of COVID-19 resulted in untimely halting of all industry operations, thereby facilitating the European nations to shift their focus on green alternatives. For instance, as per IEA, there has been a drop in demand for majority of fuels, especially for oil & gas and coal except for renewables.

Eminent industry participants operating across the market includes SolarEdge, SMA Solar Technology, Tigo Energy, Altenergy Power System, Ampt, Huawei Technologies, Darfon Electronics Corp. and ABB amongst others.