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Shipments of module-level power electronics could hit 100 GW by 2026 – Commercial

September 9, 2022
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Shipments of module-level power electronics could hit 100 GW by 2026 – Commercial
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IHS Markit stated it expects america, Germany, and the Netherlands to be the highest three markets for cumulative shipments of module-level energy electronics within the 2022-26 interval. Cumulative shipments are set to hit virtually 100 GW by 2026.

September 9, 2022 Beatriz Santos

Round 12,000 MW of module-level energy electronics (MLPE) have been shipped all through the world in 2021, principally for the distributed-generation section, based on a brand new report on MLPE by IHS Markit. The worldwide MLPE market grew by 33% between 2021 and 2019, when round 9,000 MW of MLPE have been shipped all through the world.

IHS Markit stated it expects cumulative MLPE shipments to achieve virtually 100 GW by 2026, with america, Germany and the Netherlands rising as the highest three markets. The report reveals that one of many drivers for rising MLPE demand is the booming distributed-generation market, which is anticipated to account for nearly 43% of world PV installations between 2022 and 2025.

“Whereas the booming distributed-generation section is unquestionably one of many drivers for top MLPE demand, markets which might be much less value delicate and have obligatory speedy shutdown necessities or superior grid necessities are usually key markets for MLPE in contrast with markets the place value is a extra dominating issue,” Cormac Gilligan, director of IHS Markit, informed pv journal.

Robust demand from the distributed-generation section is anticipated to drive MLPE costs down within the subsequent few years.

“Additionally, as suppliers enter new geographies, costs are forecast to say no so as to receive market shares,” stated Gilligan. “Nonetheless, the worth declines are anticipated to be slower in 2022 and 2023 evaluating with the next years as a result of larger value inputs owing to semiconductor and digital element provide challenges.”

See also  European solar PV manufacturing at risk from soaring power prices – Rystad

The US was the most important MLPE market in 2021, representing round 44% of world shipments. The nation was the primary to introduce module-level rooftop speedy shutdown necessities, adopted by the Philippines. Different main PV markets comparable to China are reportedly additionally contemplating adopting such necessities.

MLPE can be turning into extra frequent in areas the place there aren’t any speedy shutdown necessities.

“In recent times, america’ dominance within the MLPE market has been challenged by sure markets in Europe comparable to Netherlands and Germany, in South America comparable to Brazil and in Asia comparable to Australia,” the report stated. “Whereas customers aren’t obliged to undertake these applied sciences, they’ve been persuaded by different advantages comparable to optimized yield, enhanced monitoring capabilities, and in sure instances, simpler set up.”

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