Solar Panel Operation And Maintenance Market
Solar Panel Operation & Maintenance Market Forecasts to 2030 - Global Analysis By Service Type (Monitoring Services, Maintenance Services, Cleaning Services, Repair & Replacement Services, Performance Analysis Services and Other Service Types), Contract Type, Deployment Type, Component, Service Model, Technology, Application and By Geography
According to Stratistics MRC, the Global Solar Panel Operation & Maintenance Market is accounted for $5.92 billion in 2024 and is expected to reach $14.57 billion by 2030 growing at a CAGR of 12.2% during the forecast period. Solar panel operation & maintenance refers to the processes and practices ensuring optimal performance, efficiency, and longevity of solar photovoltaic (PV) systems. It includes routine inspections, cleaning, and monitoring to prevent dirt or debris from reducing energy output. Maintenance involves checking electrical connections, inverters, and batteries, repairing faults, and replacing components when necessary. These activities enhance energy production, reduce operational costs, and ensure compliance with warranties, helping solar installations achieve their designed lifespan and energy yield goals.
According to a report from Solar Industry Association (SIA), as of 2023, China accounted for 83% of the world’s solar-panel production.
Market Dynamics:
Driver:
Growing solar energy adoption
As more residential, commercial, and industrial sectors shift to solar energy, the demand for efficient and cost-effective O&M services rises. This trend drives investments in advanced monitoring tools, predictive maintenance technologies, and skilled workforce development. O&M ensures that solar systems operate at peak efficiency, extending their lifespan and maximizing energy generation. Consequently, the expanding solar market directly influences the need for comprehensive maintenance solutions, boosting O&M market growth.
Restraint:
Lack of standardization
The lack of standardization in solar panel O&M stems from varying regional regulations, diverse technological platforms, and inconsistent quality control across providers. The absence of universal guidelines makes it challenging to ensure consistent service quality, increase operational efficiency, and reduce costs. Without standardization, scaling O&M services becomes complex, limiting the growth potential and the ability to achieve widespread adoption of solar energy systems.
Opportunity:
Aging solar installations
Since solar systems mature, typically after 5 to 10 years of operation, their performance tends to decline due to wear and tear on components like inverters, wiring, and panels. This necessitates regular maintenance and system upgrades to ensure optimal efficiency and extend their lifespan. Additionally, older systems often require retrofitting with newer technologies, such as advanced monitoring or energy storage solutions. As the number of aging installations increases globally, the demand for specialized O&M services grows, propelling market expansion.
Threat:
Expensive setup for advanced monitoring tools
The setup of advanced monitoring tools for solar panel O&M can be expensive due to the high costs of specialized equipment, software, and infrastructure required for real-time performance tracking, data analytics, and predictive maintenance. These tools often require significant investment in sensors, communication systems, and cloud-based platforms for data storage and analysis. This high upfront cost hampers market growth, especially in regions with limited financial resources or where small-scale solar installations are common.
Covid-19 Impact
The covid-19 pandemic significantly impacted the solar panel operation & maintenance market. Travel restrictions and lockdowns disrupted routine maintenance schedules. Supply chain disruptions led to a scarcity of spare parts, increasing costs. However, the pandemic accelerated digitalization, with greater adoption of remote monitoring and predictive analytics to ensure system efficiency. Post-pandemic, the market rebounded as governments prioritized renewable energy projects for economic recovery, driving demand for reliable O&M services to sustain solar installations.
The thin film panels segment is expected to be the largest during the forecast period
The thin film panels segment is estimated to secure the largest market share throughout the forecast period. Thin film panels which use layers of semiconductor materials like cadmium telluride (CdTe) or amorphous silicon, offer a lightweight, flexible alternative to traditional crystalline silicon panels. Advances in monitoring systems and diagnostics help optimize energy output and extend the lifespan of thin-film panels, driving their adoption in commercial and residential installations.
The commercial segment is expected to have the highest CAGR during the forecast period
The commercial segment is anticipated to witness the highest CAGR during the forecast period driven by its optimal performance and longevity. Routine inspections, cleaning, and performance monitoring are essential to prevent efficiency losses from dirt, debris, or system malfunctions. Commercial entities benefit from tailored O&M solutions that minimize operational costs and maximize energy savings. As businesses increasingly rely on renewable energy, robust O&M strategies are vital for maintaining sustainable, cost-effective solar power systems.
Region with largest share:
Asia Pacific is expected to register the largest market share during the forecast period due to the rapid adoption of solar energy in countries like China, India, Japan, and Australia. Key players include Tata Power Solar Systems Ltd., Sungrow Power Supply Co., Ltd., and Trina Solar. Government incentives, renewable energy targets, and the region’s abundant solar potential drive the market demand. The Asia-Pacific region is expected to experience robust growth, fuelled by expanding solar capacity and rising awareness of efficient system maintenance.
Region with highest CAGR:
North America is expected to witness the highest CAGR over the forecast period driven by the growing deployment of solar power systems in the United States and Canada. Major companies include First Solar Inc., SunPower Corporation, and NextEra Energy, Inc. Federal and state-level incentives, stringent renewable energy goals, and the presence of aging solar installations in the region expand the growth. The region is poised for significant growth, supported by increasing solar capacity and advancements in O&M technologies.
Key players in the market
Some of the key players profiled in the Solar Panel Operation & Maintenance Market include Siemens Energy, GE Renewable Energy, Tata Power Solar Systems, SunPower Corporation, Canadian Solar Inc., Trina Solar Limited, Sharp Corporation, ABB Limited, Schneider Electric, First Solar Inc., Engie SA, Vivint Solar, Adani Solar, NextEra Energy, Sungrow Power Supply Corporation, Enphase Energy and Toshiba Energy Systems.
Key Developments:
In February 2022, Siemens and Desert Technologies have launched a joint venture Capton Energy to develop and invest in solar and smart infrastructure in the Middle East, Africa and Asia. The venture aims to build up a portfolio of investments in projects with an aggregate capacity of more than 1 gigawatts (GW) that supports projects providing clean, reliable, and affordable energy in areas that need it most.
In May 2021, GE Renewable Energy and Toshiba Energy Systems have signed a strategic partnership agreement to localize critical phases of the manufacturing process of GE’s Haliade-X offshore wind turbine and to support its commercialization in the country. Through this strategic alliance, Toshiba will actively participate in offshore wind projects by supplying reliable products and contribute to the spread of renewable energy in Japan.
Service Types Covered:
• Monitoring Services
• Maintenance Services
• Cleaning Services
• Repair & Replacement Services
• Performance Analysis Services
• Other Service Types
Contract Types Covered:
• Annual Maintenance Contracts (AMC)
• Long-Term Service Agreements
• One-Time Services
• Other Contract Types
Deployment Types Covered:
• Ground-Mounted Solar Systems
• Rooftop Solar Systems
• Floating Solar Systems
• Other Deployment Types
Components Covered:
• Solar Panels
• Inverters
• Mounting Systems
• Trackers
• Monitoring Equipment
• Other Components
Service Models Covered:
• Third-Party O&M Providers
• In-House O&M Teams
• Hybrid Models
• Other Service Models
Technologies Covered:
• Crystalline Silicon Panels
• Thin Film Panels
• Concentrated Solar Panels
• Other Technologies
Applications Covered:
• Residential
• Commercial
• Industrial
• Utility-Scale
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Solar Panel Operation & Maintenance Market, By Service Type
5.1 Introduction
5.2 Monitoring Services
5.2.1 Remote Monitoring
5.2.2 On-site Monitoring
5.3 Maintenance Services
5.3.1 Preventive Maintenance
5.3.2 Corrective Maintenance
5.4 Cleaning Services
5.5 Repair & Replacement Services
5.6 Performance Analysis Services
5.7 Other Service Types
6 Global Solar Panel Operation & Maintenance Market, By Contract Type
6.1 Introduction
6.2 Annual Maintenance Contracts (AMC)
6.3 Long-Term Service Agreements
6.4 One-Time Services
6.5 Other Contract Types
7 Global Solar Panel Operation & Maintenance Market, By Deployment Type
7.1 Introduction
7.2 Ground-Mounted Solar Systems
7.3 Rooftop Solar Systems
7.4 Floating Solar Systems
7.5 Other Deployment Types
8 Global Solar Panel Operation & Maintenance Market, By Component
8.1 Introduction
8.2 Solar Panels
8.3 Inverters
8.4 Mounting Systems
8.5 Trackers
8.6 Monitoring Equipment
8.7 Other Components
9 Global Solar Panel Operation & Maintenance Market, By Service Model
9.1 Introduction
9.2 Third-Party O&M Providers
9.3 In-House O&M Teams
9.4 Hybrid Models
9.5 Other Service Models
10 Global Solar Panel Operation & Maintenance Market, By Technology
10.1 Introduction
10.2 Crystalline Silicon Panels
10.2.1 Monocrystalline
10.2.2 Polycrystalline
10.3 Thin Film Panels
10.3.1 Amorphous Silicon
10.3.2 Cadmium Telluride (CdTe)
10.3.3 Copper Indium Gallium Selenide (CIGS)
10.4 Concentrated Solar Panels
10.5 Other Technologies
11 Global Solar Panel Operation & Maintenance Market, By Application
11.1 Introduction
11.2 Residential
11.3 Commercial
11.4 Industrial
11.5 Utility-Scale
12 Global Solar Panel Operation & Maintenance Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Siemens Energy
14.2 GE Renewable Energy
14.3 Tata Power Solar Systems
14.4 SunPower Corporation
14.5 Canadian Solar Inc.
14.6 Trina Solar Limited
14.7 Sharp Corporation
14.8 ABB Limited
14.9 Schneider Electric
14.10 First Solar Inc.
14.11 Engie SA
14.12 Vivint Solar
14.13 Adani Solar
14.14 NextEra Energy
14.15 Sungrow Power Supply Corporation
14.16 Enphase Energy
14.17 Toshiba Energy Systems
List of Tables
1 Global Solar Panel Operation & Maintenance Market Outlook, By Region (2022-2030) ($MN)
2 Global Solar Panel Operation & Maintenance Market Outlook, By Service Type (2022-2030) ($MN)
3 Global Solar Panel Operation & Maintenance Market Outlook, By Monitoring Services (2022-2030) ($MN)
4 Global Solar Panel Operation & Maintenance Market Outlook, By Remote Monitoring (2022-2030) ($MN)
5 Global Solar Panel Operation & Maintenance Market Outlook, By On-site Monitoring (2022-2030) ($MN)
6 Global Solar Panel Operation & Maintenance Market Outlook, By Maintenance Services (2022-2030) ($MN)
7 Global Solar Panel Operation & Maintenance Market Outlook, By Preventive Maintenance (2022-2030) ($MN)
8 Global Solar Panel Operation & Maintenance Market Outlook, By Corrective Maintenance (2022-2030) ($MN)
9 Global Solar Panel Operation & Maintenance Market Outlook, By Cleaning Services (2022-2030) ($MN)
10 Global Solar Panel Operation & Maintenance Market Outlook, By Repair & Replacement Services (2022-2030) ($MN)
11 Global Solar Panel Operation & Maintenance Market Outlook, By Performance Analysis Services (2022-2030) ($MN)
12 Global Solar Panel Operation & Maintenance Market Outlook, By Other Service Types (2022-2030) ($MN)
13 Global Solar Panel Operation & Maintenance Market Outlook, By Contract Type (2022-2030) ($MN)
14 Global Solar Panel Operation & Maintenance Market Outlook, By Annual Maintenance Contracts (AMC) (2022-2030) ($MN)
15 Global Solar Panel Operation & Maintenance Market Outlook, By Long-Term Service Agreements (2022-2030) ($MN)
16 Global Solar Panel Operation & Maintenance Market Outlook, By One-Time Services (2022-2030) ($MN)
17 Global Solar Panel Operation & Maintenance Market Outlook, By Other Contract Types (2022-2030) ($MN)
18 Global Solar Panel Operation & Maintenance Market Outlook, By Deployment Type (2022-2030) ($MN)
19 Global Solar Panel Operation & Maintenance Market Outlook, By Ground-Mounted Solar Systems (2022-2030) ($MN)
20 Global Solar Panel Operation & Maintenance Market Outlook, By Rooftop Solar Systems (2022-2030) ($MN)
21 Global Solar Panel Operation & Maintenance Market Outlook, By Floating Solar Systems (2022-2030) ($MN)
22 Global Solar Panel Operation & Maintenance Market Outlook, By Other Deployment Types (2022-2030) ($MN)
23 Global Solar Panel Operation & Maintenance Market Outlook, By Component (2022-2030) ($MN)
24 Global Solar Panel Operation & Maintenance Market Outlook, By Solar Panels (2022-2030) ($MN)
25 Global Solar Panel Operation & Maintenance Market Outlook, By Inverters (2022-2030) ($MN)
26 Global Solar Panel Operation & Maintenance Market Outlook, By Mounting Systems (2022-2030) ($MN)
27 Global Solar Panel Operation & Maintenance Market Outlook, By Trackers (2022-2030) ($MN)
28 Global Solar Panel Operation & Maintenance Market Outlook, By Monitoring Equipment (2022-2030) ($MN)
29 Global Solar Panel Operation & Maintenance Market Outlook, By Other Components (2022-2030) ($MN)
30 Global Solar Panel Operation & Maintenance Market Outlook, By Service Model (2022-2030) ($MN)
31 Global Solar Panel Operation & Maintenance Market Outlook, By Third-Party O&M Providers (2022-2030) ($MN)
32 Global Solar Panel Operation & Maintenance Market Outlook, By In-House O&M Teams (2022-2030) ($MN)
33 Global Solar Panel Operation & Maintenance Market Outlook, By Hybrid Models (2022-2030) ($MN)
34 Global Solar Panel Operation & Maintenance Market Outlook, By Other Service Models (2022-2030) ($MN)
35 Global Solar Panel Operation & Maintenance Market Outlook, By Technology (2022-2030) ($MN)
36 Global Solar Panel Operation & Maintenance Market Outlook, By Crystalline Silicon Panels (2022-2030) ($MN)
37 Global Solar Panel Operation & Maintenance Market Outlook, By Monocrystalline (2022-2030) ($MN)
38 Global Solar Panel Operation & Maintenance Market Outlook, By Polycrystalline (2022-2030) ($MN)
39 Global Solar Panel Operation & Maintenance Market Outlook, By Thin Film Panels (2022-2030) ($MN)
40 Global Solar Panel Operation & Maintenance Market Outlook, By Amorphous Silicon (2022-2030) ($MN)
41 Global Solar Panel Operation & Maintenance Market Outlook, By Cadmium Telluride (CdTe) (2022-2030) ($MN)
42 Global Solar Panel Operation & Maintenance Market Outlook, By Copper Indium Gallium Selenide (CIGS) (2022-2030) ($MN)
43 Global Solar Panel Operation & Maintenance Market Outlook, By Concentrated Solar Panels (2022-2030) ($MN)
44 Global Solar Panel Operation & Maintenance Market Outlook, By Other Technologies (2022-2030) ($MN)
45 Global Solar Panel Operation & Maintenance Market Outlook, By Application (2022-2030) ($MN)
46 Global Solar Panel Operation & Maintenance Market Outlook, By Residential (2022-2030) ($MN)
47 Global Solar Panel Operation & Maintenance Market Outlook, By Commercial (2022-2030) ($MN)
48 Global Solar Panel Operation & Maintenance Market Outlook, By Industrial (2022-2030) ($MN)
49 Global Solar Panel Operation & Maintenance Market Outlook, By Utility-Scale (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
