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Global Solar Photovoltaic (PV) Services Market, Forecast to 2025
Solar Servicing Costs to Halve by 2025, Driven by Service Practice Innovation and Technology Cost Reductions
22-Feb-2019
Global
Market Research
MCC7-01-00-00-00
EG01961-GL-MR_22885
The global market for solar services is forecast to increase from $8.13 billion in 2017 to $14.48 billion by 2025, driven by an aging asset base, as well as new installations. Solar growth remains strong across most regions, although the market has declined in China, due to change in regulations, which will mean lower installations in 2018 than in 2017. However, the market is growing across the rest of Asia, the Middle East, Europe, and Latin America. In North America, the market slowed in the first half of 2018, but has gradually been recovering, as the industry adapts to President Trump’s tariffs on Chinese solar products.
Competition in the market is increasing. Utility companies and independent power producers (IPPs) have developed a significant amount of expertise in solar servicing and are increasingly prepared to do more of the service work themselves to minimize costs. Besides, existing participants are expanding operations to new markets, and component providers are also boosting their servicing propositions.
Key new technology trends include the use of drone technology, increasing adoption of digital solar, water-free cleaning, and the adoption of string inverters to reduce maintenance costs. All these innovations have the potential to reduce CAPEX and OPEX.
The research methodology is a combination of primary and secondary research. Secondary research involves desk-based research. Primary research involves interaction with market participants and getting their perspective and feedback on Frost & Sullivan’s analysis.
Key Issues Addressed
- Is the global solar power services market growing? How long will it continue to grow, and at what rate?
- Are the existing competitors structured well to meet customer needs?
- Will these companies, products, and applications continue to exist?
- What are the key drivers and restraints affecting the solar power market?
- Are the technologies offered meeting customer needs or are additional developments needed?
- How are the growth trends for solar power different in developed and developing markets?
Key Conclusion
This study will provide an in-depth analysis on the solar PV services market, highlighting the major technology trends and innovations, key growth drivers, and the revenue potential generated from existing and future projects. The study is segmented into different parts discussing the annual installed capacity and revenue of the solar PV services market at global and regional levels. These insights will aid clients in identifying growth opportunities, adopting the right technology/solution and focus targets, given the larger number of potential global markets.
Author: Ozge Ozeke
Key Findings
Market Engineering Measurements
Global Growth Potential
CEO’s Perspective
Associated Multimedia and Related Research
Market Definitions
Introduction
Methodology
Market Definitions—Main Types of Maintenance
Key Questions this Study will Answer
Market Segmentation by Region
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Market Engineering Measurements
Revenue Forecast
Capacity Forecast
Revenue and Capacity Forecast Discussion
Global Growth Potential
Percent Revenue Forecast by Region
Revenue Forecast by Region
New Contracts Vs Ongoing Contracts
New Contracts Vs Ongoing Contracts (continued)
Revenue Forecast by Top Countries
Revenue Forecast by Top Countries (continued)
Solar PV Services Technology and Market Trends—Water-free Cleaning
Solar PV Services Technology and Market Trends—Digital Solar Power
Solar PV Services Technology and Market Trends—String Vs Central Inverters
Solar PV Services Technology and Market Trends—Drones
Factors Impacting Solar PV Service Strategy
Solar PV Services Business Models
Solar PV Services Business Models (continued)
Pricing Trends and Forecast
Pricing Trends and Forecast (continued)
Key Solar PV Service Market Participants
Competitive Environment
Growth Opportunity 1—Offerings
Growth Opportunity 2—Disruptive Applications
Strategic Imperatives for OEMs, EPC Companies, and ISPs
CEO’s 360 Degree Perspective
North America—Key Market Highlights
Revenue Forecast
Revenue Forecast by Country
Revenue Forecast by Contract Type
Revenue Forecast by End Users
Europe—Key Market Highlights
Revenue Forecast
Revenue Forecast by Country
Revenue Forecast by Country Discussion
Revenue Forecast by Contract Type
Revenue Forecast by End Users
China—Key Market Highlights
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Contract Type
Revenue Forecast by End Users
India—Key Market Highlights
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Contract Type
Revenue Forecast by End Users
Asia-Pacific—Key Market Highlights
Revenue Forecast
Revenue Forecast by Country
Revenue Forecast by Country Discussion
Revenue Forecast by Contract Type
Revenue Forecast by End Users
Latin America—Key Market Highlights
Revenue Forecast
Revenue Forecast by Country
Revenue Forecast by Country Discussion
Revenue Forecast by Contract Type
Revenue Forecast by End Users
Africa—Key Market Highlights
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Contract Type
Revenue Forecast by End Users
The Middle East—Key Market Highlights
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Contract Type
Revenue Forecast by End Users
The Last Word—3 Big Predictions
Legal Disclaimer
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
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