Smart and AC PV Modules 2015 - 2020

by Scott Moskowitz, MJ Shiao

Smart and AC modules with integrated power electronics have long been viewed as a natural evolution for the microinverter and DC optimizer market. However, the MLPE landscape has been dominated by just a few players – Enphase Energy and SolarEdge Technologies – that have focused primarily on standalone architectures. Vendors of module-integrated power electronics – Tigo Energy, Maxim Integrated, and SolarBridge Technologies prior to its acquisition by SunPower – have largely played second fiddle.

However, the global PV market is hungry for solutions that simplify installation, eliminate redundancy, and lower overall costs. Smart and AC modules can accomplish each of these objectives. Additionally, microinverters and DC optimizers will be the fastest growing inverter segment over the next five years as a result of falling costs and increasing system safety requirements. As a result, GTM Research forecasts the market for smart and AC Modules to grow steadily from 73.3 MW in 2014 to 1.01 GW by 2020.

Currently Marketed Integrated Module Partnerships

This slide-based report breaks down the value propositions and market barriers for smart and AC modules, details the complex module and MLPE vendor ecosystem, provides product pricing trends, and forecasts the market through 2020.

Global Smart and AC PV Module Base-Case Forecast, 2014-2020E

Scott Moskowitz Senior Analyst, Solar

Scott Moskowitz is a Senior Analyst at GTM Research in the Solar PV Systems and Technologies practice, where his research focuses on PV system design, inverters, balance-of-system components and global downstream markets. In addition to tracking the global landscape of PV projects and balance-of-systems vendors, Scott was the Assistant Editor of PV News, the solar industry’s longest-running market research periodical. Before joining GTM Research, Scott was active with Engineers Without Borders, where he co-led a water and sanitation implementation project in the Peruvian Amazon. Scott holds a bachelor’s degree in civil engineering and mathematics from Vanderbilt University and a master’s degree in environmental engineering from the University of California, Davis, where his work focused on energy efficiency, life cycle analysis and environmental law.

MJ Shiao Head of Americas Research

MJ Shiao is the Head of Americas Research at GTM Research and manages GTM's solar market analyst team. He is responsible for strategy and development of GTM Research's coverage of the global solar market and solar market intelligence product suite. MJ is a leading expert on solar PV technologies and costs, authoring dozens of reports and leading custom engagements on U.S. solar, PV inverters, solar power electronics, PV balance of systems, solar monitoring, thin film PV and other solar topics. A 9-year veteran of the solar industry, MJ has experience ranging from fabrication of crystalline silicon solar cells to PV project development.

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