Global Solar PV Balance Of Systems (BOS) Market 2024-2028

The solar PV balance of systems (BOS) market is forecasted to grow by USD 32.33 bn during 2023-2028, accelerating at a CAGR of 19.22% during the forecast period. The report on the solar PV balance of systems (BOS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in renewable energy, supportive government policies, and advances in thin-film solar PV modules.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	18.38%
CAGR	19.22%
Incremental Value	$32.33bn

Technavio's solar PV balance of systems (BOS) market is segmented as below:

By Product

Structural
Electrical
Inverter

By End-user

Commercial
Industrial
Residential

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the advances in inverter technology as one of the prime reasons driving the solar PV balance of systems (BOS) market growth during the next few years. Also, reduction in solar energy costs and increasing development of zero-energy buildings will lead to sizable demand in the market.

The report on the solar PV balance of systems (BOS) market covers the following areas:

Solar PV balance of systems (BOS) market sizing
Solar PV balance of systems (BOS) market forecast
Solar PV balance of systems (BOS) market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar PV balance of systems (BOS) market vendors that include ABB Ltd., Array Technologies Inc., Bentek Corp., Eaton Corp. Plc, First Solar Inc., Golden Concord Holdings Ltd., Huawei Technologies Co. Ltd., Loom Solar Pvt. Ltd., Microtek International Pvt. Ltd., Moser Solar, Prysmian Spa, Renesola Ltd., S and P Global Inc., Schneider Electric SE, SolarEdge Technologies Inc., Sungrow Power Supply Co. Ltd., SunPower Corp., Unirac Inc., GeoTrust Inc., and SMA Solar Technology AG. Also, the solar PV balance of systems (BOS) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR45240

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global solar PV balance of systems (BOS) market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global solar pv balance of systems (bos) market 2018 - 2022 ($ billion)
4.2 Product Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
Exhibit 30: Chart on Product - Market share 2023-2028 (%)
Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Structural - Market size and forecast 2023-2028
Exhibit 34: Chart on Structural - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Structural - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Structural - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Structural - Year-over-year growth 2023-2028 (%)
6.4 Electrical - Market size and forecast 2023-2028
Exhibit 38: Chart on Electrical - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Electrical - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Electrical - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Electrical - Year-over-year growth 2023-2028 (%)
6.5 Inverter - Market size and forecast 2023-2028
Exhibit 42: Chart on Inverter - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Inverter - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Inverter - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Inverter - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Product
Exhibit 46: Market opportunity by Product ($ billion)
Exhibit 47: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 48: Chart on End-user - Market share 2023-2028 (%)
Exhibit 49: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 50: Chart on Comparison by End-user
Exhibit 51: Data Table on Comparison by End-user
7.3 Commercial - Market size and forecast 2023-2028
Exhibit 52: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
7.4 Industrial - Market size and forecast 2023-2028
Exhibit 56: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
7.5 Residential - Market size and forecast 2023-2028
Exhibit 60: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Residential - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by End-user
Exhibit 64: Market opportunity by End-user ($ billion)
Exhibit 65: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 67: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Japan - Market size and forecast 2023-2028
Exhibit 99: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 India - Market size and forecast 2023-2028
Exhibit 107: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on India - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 111: Market opportunity By Geographical Landscape ($ billion)
Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 ABB Ltd.
Exhibit 119: ABB Ltd. - Overview
Exhibit 120: ABB Ltd. - Business segments
Exhibit 121: ABB Ltd. - Key news
Exhibit 122: ABB Ltd. - Key offerings
Exhibit 123: ABB Ltd. - Segment focus
12.4 Array Technologies Inc.
Exhibit 124: Array Technologies Inc. - Overview
Exhibit 125: Array Technologies Inc. - Product / Service
Exhibit 126: Array Technologies Inc. - Key offerings
12.5 Bentek Corp.
Exhibit 127: Bentek Corp. - Overview
Exhibit 128: Bentek Corp. - Product / Service
Exhibit 129: Bentek Corp. - Key offerings
12.6 Eaton Corp. Plc
Exhibit 130: Eaton Corp. Plc - Overview
Exhibit 131: Eaton Corp. Plc - Business segments
Exhibit 132: Eaton Corp. Plc - Key news
Exhibit 133: Eaton Corp. Plc - Key offerings
Exhibit 134: Eaton Corp. Plc - Segment focus
12.7 First Solar Inc.
Exhibit 135: First Solar Inc. - Overview
Exhibit 136: First Solar Inc. - Business segments
Exhibit 137: First Solar Inc. - Key offerings
Exhibit 138: First Solar Inc. - Segment focus
12.8 Golden Concord Holdings Ltd.
Exhibit 139: Golden Concord Holdings Ltd. - Overview
Exhibit 140: Golden Concord Holdings Ltd. - Product / Service
Exhibit 141: Golden Concord Holdings Ltd. - Key offerings
12.9 Huawei Technologies Co. Ltd.
Exhibit 142: Huawei Technologies Co. Ltd. - Overview
Exhibit 143: Huawei Technologies Co. Ltd. - Business segments
Exhibit 144: Huawei Technologies Co. Ltd. - Key news
Exhibit 145: Huawei Technologies Co. Ltd. - Key offerings
Exhibit 146: Huawei Technologies Co. Ltd. - Segment focus
12.10 Loom Solar Pvt. Ltd.
Exhibit 147: Loom Solar Pvt. Ltd. - Overview
Exhibit 148: Loom Solar Pvt. Ltd. - Product / Service
Exhibit 149: Loom Solar Pvt. Ltd. - Key offerings
12.11 Microtek International Pvt. Ltd.
Exhibit 150: Microtek International Pvt. Ltd. - Overview
Exhibit 151: Microtek International Pvt. Ltd. - Product / Service
Exhibit 152: Microtek International Pvt. Ltd. - Key offerings
12.12 Prysmian Spa
Exhibit 153: Prysmian Spa - Overview
Exhibit 154: Prysmian Spa - Business segments
Exhibit 155: Prysmian Spa - Key offerings
Exhibit 156: Prysmian Spa - Segment focus
12.13 Renesola Ltd.
Exhibit 157: Renesola Ltd. - Overview
Exhibit 158: Renesola Ltd. - Product / Service
Exhibit 159: Renesola Ltd. - Key offerings
12.14 S and P Global Inc.
Exhibit 160: S and P Global Inc. - Overview
Exhibit 161: S and P Global Inc. - Business segments
Exhibit 162: S and P Global Inc. - Key offerings
Exhibit 163: S and P Global Inc. - Segment focus
12.15 Schneider Electric SE
Exhibit 164: Schneider Electric SE - Overview
Exhibit 165: Schneider Electric SE - Business segments
Exhibit 166: Schneider Electric SE - Key news
Exhibit 167: Schneider Electric SE - Key offerings
Exhibit 168: Schneider Electric SE - Segment focus
12.16 SMA Solar Technology AG
Exhibit 169: SMA Solar Technology AG - Overview
Exhibit 170: SMA Solar Technology AG - Product / Service
Exhibit 171: SMA Solar Technology AG - Key offerings
12.17 SolarEdge Technologies Inc.
Exhibit 172: SolarEdge Technologies Inc. - Overview
Exhibit 173: SolarEdge Technologies Inc. - Product / Service
Exhibit 174: SolarEdge Technologies Inc. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 175: Inclusions checklist
Exhibit 176: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 177: Currency conversion rates for US$
13.4 Research methodology
Exhibit 178: Research methodology
Exhibit 179: Validation techniques employed for market sizing
Exhibit 180: Information sources
13.5 List of abbreviations
Exhibit 181: List of abbreviations