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Whitepaper: Module Level Power Electronics

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.

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Module Level Power Electronics

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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.

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