Solar MLPE companies must innovate products to reduce prices, report says

By Kathie Zipp -SolarEdge
The module-level power electronics industry is witnessing an intense growth phase, according to global research and consulting organization Frost & Sullivan. Demand is driven by increasing solar PV installations across the globe and modernization of grid infrastructure capable of accommodating module-level power electronics (MLPE) technology within the system.
“With movement towards renewable power and distributed power sources, the MLPE market is expected to sustain further significant growth in all regions of the globe,” said energy and environment research analyst Manoj Shankar. “To gain a competitive advantage and increase market share in a highly consolidated and fiercely competitive market, MLPE companies must

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