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Module level power electronics to be increasingly used in
distributed generation solar
Module level power electronics (MLPE) such as solar power
optimisers and microinverters are increasingly being used in
distributed generation (DG) solar globally. While MLPE technology
has been commercially available for over 15 years, it is
increasingly being considered in residential and commercial and
industrial (C&I) applications due to heightened awareness of
improved safety features and improved energy production. The latest
generation of MLPE technology is incorporating advanced technology
such as artificial intelligence (AI) and software to simplify and
accelerate installation.
Key takeaways:
Usage of MLPE technology is increasingly driven by added
benefits such as improved safety capabilities, enhanced energy
yield and improved fault detection.
The MLPE market has grown rapidly globally, increasing 33% from
2019 to 2021. S&P Global Commodity Insights estimates that MLPE
was accounted for over one third of residential solar installations
in 2021.
A large opportunity exists for greater MLPE adoption as demand
from the distributed generation installations is expected to
comprise 43% of global PV installations between 2022 and 2025.
Digitalization which includes the increased use of AI, software
and satellites will help increase the efficiency of installation,
operation, and maintenance (O&M) of MLPE technology
globally.
Shaunagh Moodie is a research analyst with the Clean
Energy Technology team, currently focusing on solar photovoltaic
markets, specifically inverter market supply chain
trends.
Siqi He is a research analyst within the Clean Energy
Technology research team and is responsible for research of the
global photovoltaic (PV) inverter, energy storage inverter, and
solar supply chain.
Cormac Gilligan is a director with the Clean Energy
Technology team focused on the solar and energy storage markets and
is currently responsible for managing the research of the global
photovoltaic (PV) inverter and PV balance of system markets along
with producing global solar demand forecasts.
Posted 9 August 2022
Posted 09 August 2022 by Cormac Gilligan, Associate Director, Clean Energy Technology, S&P Global Commodity Insights and
Shaunagh Rae Maxine Moodie, Solar Analyst, Clean Energy Technology Team, S&P Global Commodity Insights and
Siqi He, Research Analyst, Clean Technology & Renewables, S&P Global Commodity Insights
This article was published by S&P Global Commodity Insights and not by S&P Global Ratings, which is a separately managed division of S&P Global.
