Solar Servicing Costs to Halve by 2025, Driven by Service Practice Innovation and Technology Cost.

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.

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.

Key Topics Covered:

1. Executive Summary

• Key Findings
• Market Engineering Measurements
• Global Growth Potential
• CEO's Perspective
• Associated Multimedia and Related Research

2. Market Overview

• Market Definitions
• Introduction
• Methodology
• Market Definitions - Main Types of Maintenance
• Key Questions this Study will Answer
• Market Segmentation by Region

3. Drivers and Restraints - Solar PV Services Market

• Market Drivers
• Drivers Explained
• Market Restraints
• Restraints Explained

4. Forecasts and Trends - Total Solar PV Services Market

• 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
• Revenue Forecast by Top Countries
• 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
• Pricing Trends and Forecast

5. Market Share and Competitive Analysis - Total Solar PV Services Market

• Key Solar PV Service Market Participants
• Competitive Environment

6. Growth Opportunities and Companies to Action

• Growth Opportunity 1 - Offerings
• Growth Opportunity 2 - Disruptive Applications
• Strategic Imperatives for OEMs, EPC Companies, and ISPs

7. CEO's 360 Degree Perspective on the Solar PV Services Market

• CEO's 360 Degree Perspective

8. North America Analysis

• North America - Key Market Highlights
• Revenue Forecast
• Revenue Forecast by Country
• Revenue Forecast by Contract Type
• Revenue Forecast by End Users

9. Europe Analysis

• 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

10. China Analysis

• China - Key Market Highlights
• Revenue Forecast
• Revenue Forecast Discussion
• Revenue Forecast by Contract Type
• Revenue Forecast by End Users

11. India Analysis

• India - Key Market Highlights
• Revenue Forecast
• Revenue Forecast Discussion
• Revenue Forecast by Contract Type
• Revenue Forecast by End Users

12. Asia-Pacific Analysis

• 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

13. Latin America Analysis

• 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

14. Africa Analysis

• Africa - Key Market Highlights
• Revenue Forecast
• Revenue Forecast Discussion
• Revenue Forecast by Contract Type
• Revenue Forecast by End Users

15. The Middle East Analysis

• The Middle East - Key Market Highlights
• Revenue Forecast
• Revenue Forecast Discussion
• Revenue Forecast by Contract Type
• Revenue Forecast by End Users

16. The Last Word

• The Last Word - 3 Big Predictions
• Legal Disclaimer

17. Appendix

• List of Exhibits

For more information about this report visit https://www.researchandmarkets.com/research/8cf3zv/global_solar?w=4

 

 

 

 

 

 

 

 

18 March 2019