PUBLISHER: The Business Research Company | PRODUCT CODE: 1751121
PUBLISHER: The Business Research Company | PRODUCT CODE: 1751121
Solar panel operation and maintenance (O&M) encompasses the routine tasks and procedures required to ensure the optimal performance, efficiency, and durability of a solar power system. The primary goal of solar panel O&M is to maximize energy output, reduce downtime, detect and resolve performance issues, and extend the system's operational lifespan.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The key service types within solar panel O&M include preventive maintenance, corrective maintenance, repair services, and monitoring services. Preventive maintenance typically involves scheduled inspections, cleaning, and minor adjustments to improve efficiency and prolong panel life. The technologies employed in solar panels include monocrystalline, polycrystalline, thin-film, and other variations. These services cater to a diverse range of end users, including the residential, industrial, and commercial sectors.
The solar panel operation and maintenance market research report is one of a series of new reports from The Business Research Company that provides solar panel operation and maintenance market statistics, including the solar panel operation and maintenance industry global market size, regional shares, competitors with the solar panel operation and maintenance market share, detailed solar panel operation and maintenance market segments, market trends, and opportunities, and any further data you may need to thrive in the solar panel operation and maintenance industry. This solar panel operation and maintenance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The solar panel operation and maintenance market size has grown rapidly in recent years. It will grow from$5.83 billion in 2024 to $6.51 billion in 2025 at a compound annual growth rate (CAGR) of 11.7%. The growth during the historic period can be attributed to the increasing number of solar installations, growing awareness of environmental benefits, heightened emphasis on regular maintenance, rising demand for residential solar solutions, and the expansion of utility-scale solar projects.
The solar panel operation and maintenance market size is expected to see rapid growth in the next few years. It will grow to$10.00 billion in 2029 at a compound annual growth rate (CAGR) of 11.3%. The growth during the forecast period can be attributed to the increased use of artificial intelligence, rising demand for O&M services supported by ongoing government initiatives, growing adoption of smart solar solutions, a heightened focus on cost reduction and efficiency, and the increasing demand for renewable energy sources. Key trends anticipated in the forecast period include the emergence of automated cleaning solutions, significant advancements in robotics and AI transforming solar panel maintenance, the integration of artificial intelligence and IoT technologies, and continued progress in monitoring systems and technologies.
The increasing demand for renewable energy is expected to drive the expansion of the solar panel operation and maintenance market in the coming years. This demand is largely fueled by renewable energy's ability to improve energy security by decreasing dependence on imported fossil fuels, minimizing vulnerability to supply disruptions, and fostering a more stable and self-sufficient energy system. Solar panel operation and maintenance improve system efficiency and reduce downtime, making renewable energy more reliable and encouraging wider adoption. This ensures consistent energy output, lowers long-term costs, and boosts confidence among users and investors in sustainable energy infrastructure. For example, in December 2024, Eurostat, a Luxembourg-based government agency, reported that in 2023, renewable energy accounted for 24.5% of the European Union's total energy consumption, up from 23.0% in 2022. As such, the growing demand for renewable energy is propelling the growth of the solar panel operation and maintenance market.
Leading companies in the solar panel operation and maintenance sector are focusing on innovative solutions, such as web-based platforms, to enhance real-time monitoring and improve system efficiency. These platforms, which are online software applications accessible via internet browsers, assist with solar panel operation and maintenance by enabling real-time monitoring, automated performance alerts, and remote diagnostics. This helps improve system efficiency, reduce downtime, and lower maintenance costs. For example, in September 2023, SolarEdge Technologies Ltd., a renewable energy semiconductor manufacturer based in Israel, launched SolarEdge ONE, a real-time, software-based energy optimization and site management solution designed for commercial and industrial (C&I) solar applications. It combines site management capabilities with advanced smart algorithms, using external data (such as daily utility rates and weather forecasts) and on-site data (including historical solar production and consumption patterns). This integration allows for optimal decision-making in solar production and consumption, maximizing energy savings during peak pricing periods. The solution includes two key modules: the SolarEdge Local Controller, which integrates with third-party devices for on-site management, and the SolarEdge ONE Manager, a web-based platform offering monitoring, reporting, and maintenance tools for asset managers to ensure efficient system performance and adaptive optimization based on changing energy needs.
In March 2022, Skyfri Group AS, a Norway-based cleantech company, acquired Avi Solar for an undisclosed amount. This acquisition is aimed at consolidating the global solar operations and maintenance industry and accelerating the automation of solar asset management by integrating Avi Solar's portfolio into its unified digital platform. This will enhance operational efficiency, minimize manual intervention, and provide asset owners with end-to-end visibility and control throughout the solar asset lifecycle. Avi Solar Energy Private Limited, based in India, is an engineering, procurement, and commissioning company that offers operations and maintenance (O&M) services for solar power projects.
Major players in the solar panel operation and maintenance market are Trina Solar Limited, Canadian Solar Inc., Enel Green Power S.p.A., BayWa r.e. Solar Projects LLC, Renewable Energy Systems Limited, SolarEdge Technologies Inc., First Solar Inc., Enphase Energy Inc., SunPower Corporation, SMA Solar Technology AG, ReneSola Ltd, Sterling and Wilson Renewable Energy Limited, Spark Power Corp., NovaSource Power Services, Omnidian Inc., Amicus O&M Cooperative, SOLV Energy LLC, Verogy LLC, SunSystem Technology Inc., Cleanmax Enviro Energy Solutions Pvt. Ltd., Greenskies Clean Focus, Solarium Green Energy, PVworx.
Asia Pacific was the largest region in the solar panel operation and maintenance market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in solar panel operation and maintenance report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the solar panel operation and maintenance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The solar panel operation and maintenance market consists of revenues earned by entities by providing services such as performance optimization, cleaning and maintenance, repairs and troubleshooting, inspection and testing services. The market value includes the value of related goods sold by the service provider or included within the service offering. The solar panel operation and maintenance market consists of sales of monitoring systems, cleaning equipment, inverters and power conditioning equipment, energy storage systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Solar Panel Operation And Maintenance Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on solar panel operation and maintenance market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for solar panel operation and maintenance ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The solar panel operation and maintenance market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.