Next-Generation Solar PV

High Efficiency Solar PV Modules and Module-Level Power Electronics:
Global Market Analysis and Forecasts

Global cumulative manufacturing capacity for solar PV modules remained steady at around 70 GW between 2012 and 2015, but actual production doubled from 32 GW to 60 GW. This surge increased the margins of the top module manufacturers and tightened the supply-demand balance for the coming years. While the main players in the solar PV module market have been announcing small capacity expansions since early 2014, the number of announcements has soared since November 2015.

The supply-demand rebalance in the advanced solar module supply market is giving manufacturers the opportunity to escape, at least temporarily, from a commoditized PV module market. In the long term, the niche technologies of today are expected to evolve to take over most of the solar market. The availability of passivated emitter rear cell (PERC) and n-type modules, as well as microinverters and direct current (DC) optimizers (along with other technologies like bifacial modules), will create specialized products to serve a variety of applications. According to Navigant Research, global module-level power electronics (MLPE) capacity is expected to grow from 9.7 GW in 2016 to 42.2 GW in 2025.

This Navigant Research report provides participants involved in the energy marketplace with an examination of the leading countries for the deployment of next-generation solar PV technologies. The study offers an analysis of the global market for advanced solar modules, including p-type PERC modules, n-type modules, and MLPE. Global market forecasts for installed capacity and revenue, segmented by region and technology, extend through 2025. The report also examines the key innovations related to advanced solar PV modules and MLPE, as well as the competitive landscape.

Key Questions Addressed:
  • How much advanced solar PV capacity will be installed worldwide from 2016 to 2025?
  • What percentage of the advanced solar PV installed in each country will use p-type PERC cells and n-type cells?
  • Which markets are likely to experience strong growth in capacity and revenue for advanced solar PV modules?
  • Which module-level electronic technologies will continue gaining market share globally?
  • How will microinverters fare in competition with direct current (DC) optimizers?
Who needs this report?
  • Solar PV module and component manufacturers
  • Solar PV project developers, integrators, and installers
  • Engineering, procurement, and construction (EPC) firms
  • Government agencies and policymakers
  • Investor community

Table of Contents

1. Executive Summary

1.1  Introduction

1.2  Market Forecasts

2. Market Issues

2.1  Introduction

2.2  Innovation in Module and Cell Efficiency

2.2.1     PERC

2.2.1.1    Trends and Issues

2.2.2     N-Type Cells

2.2.2.1    Bifacial Solar Modules

2.2.2.2    Trends and Issues

2.2.3     CPV

2.2.4     CdTe and Perovskite Thin-Film Cells

2.2.4.1    Trends and Issues

2.3  Module-Level Power Electronics Innovations

2.3.1     Microinverters

2.3.1.1    AC Modules

2.3.2     DC Optimizers

3. Key Industry Players

3.1  Key Advanced Module Players

3.1.1     First Solar

3.1.2     Hanwha Q CELLS

3.1.3     JA Solar

3.1.4     LG Solar

3.1.5     REC Solar

3.1.6     SunPower

3.1.7     Trina Solar

3.2  MLPE Key Players

3.2.1     ABB/Power-One

3.2.2     Enphase Energy

3.2.3     SMA Solar Technology AG

3.2.4     SolarEdge Technologies

3.2.5     Tigo Energy

4. Market Forecasts

4.1  Introduction

4.2  North America

4.3  Europe

4.4  Asia Pacific

4.5  Rest of World

4.6  Conclusions and Recommendations

5. Acronym and Abbreviation List
6. Table of Contents
7. Table of Charts and Figures
8. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Best Cell Efficiencies Achieved by Different PV Technologies in the Lab
  • Difference Between Conventional Cells and PERC Cells
  • N-PERT and IBC Module Structure and Efficiency Ranges
  • Bifacial Solar Module Installation Options
  • Module-Level Power Management
  • MLPE Topologies Compared to Conventional String Inverter
  • Annual Next-Generation Solar Revenue by Technology, World Markets: 2015-2025
  • Average Residential Solar PV System Installed Costs by Component, United States: 2015-2025
  • Annual Advanced Module Installed Capacity and Revenue by Region, World Markets: 2015-2025
  • Annual Module-Level Power Electronics Installed Capacity and Revenue by Region, World Markets: 2015-2025
  • Annual Advanced Module Installed Capacity and Revenue by Country, North America: 2015-2025
  • Annual Module-Level Power Electronics Installed Capacity and Revenue by Country, North America: 2015-2025
  • Annual Advanced Module Installed Capacity and Revenue by Country, Top European Markets: 2015-2025
  • Annual Module-Level Power Electronics Installed Capacity and Revenue by Country, Top European Markets: 2015-2025
  • Annual Advanced Module Installed Capacity and Revenue by Country, Top Asia Pacific Markets: 2015-2025
  • Annual Module-Level Power Electronics Installed Capacity and Revenue by Country, Leading Asia Pacific Markets: 2015-2025
  • Annual Advanced Module Installed Capacity and Revenue by Region, Rest of World: 2015-2025
  • Annual Module-Level Power Electronics Installed Capacity and Revenue by Region, Rest of World: 2015-2025

List of Tables

  • Annual Module-Level Power Electronics Capacity by Country and Technology, World Markets: 2011-2025
  • Annual Module-Level Power Electronics Installed Capacity Market Penetration by Country and Technology, World Markets: 2011-2025
  • Average Cost for Module-Level Power Electronics by Technology, World Markets: 2011-2025
  • Annual Estimated Module-Level Power Electronics Cost Reduction by Technology, World Markets: 2011-2025
  • Annual Module-Level Power Electronics Revenue by Country and Technology, World Markets: 2011-2025
  • Average Residential Solar PV System Prices by Component, United States: 2011-2025
  • Annual Module-Level Power Electronics Installed Capacity by Region, World Markets: 2011-2025
  • Annual Module-Level Power Electronics Revenue by Region, World Markets: 2011-2025
  • Percentage of Module-Level Power Electronics Integrated by Module Manufacturers by Region, World Markets: 2011-2025
  • Annual Module-Level Power Electronics Integrated by Module Manufacturers Installed Capacity by Region, World Markets: 2011-2025
  • Annual Module-Level Power Electronics Integrated by Module Manufacturers Revenue by Region, World Markets: 2011-2025
  • Annual Microinverter Installed Capacity by Region, World Markets: 2011-2025
  • Annual Microinverter Revenue by Region, World Markets: 2011-2025
  • Annual DC Optimizer Installed Capacity by Region, World Markets: 2011-2025
  • Annual DC Optimizer Revenue by Region, World Markets: 2011-2025
  • Annual Advanced Module Capacity by Country and Technology, World Markets: 2011-2025
  • Annual Advanced Module Installed Capacity Market Penetration by Country and Technology, World Markets: 2011-2025
  • Average Advanced Module Cost by Technology, World Markets: 2015-2025
  • Annual Estimated Advanced Module Reduction by Technology, World Markets: 2015-2025
  • Annual Advanced Module Revenue by Country and Technology, World Markets: 2015-2025
  • Annual Advanced Module Installed Capacity by Region, World Markets: 2015-2025
  • Annual Advanced Module Revenue by Region, World Markets: 2015-2025
  • Percentage of Advanced Modules Utilized by Module Manufacturers by Region, World Markets: 2015-2025
  • Annual Advanced Modules Utilized by Module Manufacturers Installed Capacity by Region, World Markets: 2015-2025
  • Annual Advanced Modules Utilized by Module Manufacturers Revenue by Region, World Markets: 2015-2025
  • Annual PERC Module Installed Capacity by Region, World Markets: 2015-2025
  • Annual PERC Module Revenue by Region, World Markets: 2015-2025
  • Annual N-Type Module Installed Capacity by Region, World Markets: 2015-2025
  • Annual N-Type Module Revenue by Region, World Markets: 2015-2025
  • Selected N-Type Cell Manufacturers Installed Capacity, World Markets: 2016 and 2020
  • Module Technology Summary
  • SunPower SWOT Analysis
  • Trina SWOT Analysis
  • Enphase SWOT Analysis
  • SolarEdge SWOT Analysis

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