Global Solar Photovoltaic Services Market 2019-2023

The global solar photovoltaic services market will grow by USD 10.81 billion during 2019-2023. This report provides a detailed analysis of the market by geography (APAC, Americas, and EMEA) and service type (installation services and O&M services). The report analyzes the market’s competitive landscape and offers information on several solar photovoltaic service providers BELECTRIC Solar & Battery GmbH, Canadian Solar Inc., First Solar Inc., SunPower Corp., and Trina Solar Co. Ltd.
To identify growth opportunities in the solar photovoltaic services market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2018-2023. EMEA and the Americas will grow faster than the overall market. The growth of APAC will be slower than the global market.
Some of the key findings from our solar photovoltaic services market forecast report are summarized below
Solar Photovoltaic Services Market
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.

Global solar photovoltaic services industry overview

Solar PV modules can be manufactured in large-scale plants, and as they involve modular technology, they can also be deployed in small quantities. As solar PV systems are clean generating resources, the recent years witnessed a significant increase in their adoption. This trend is expected to continue during the forecast period as well. Moreover, there is also a significant number of solar PV systems that are aging, which results in the need for revamping and repowering these systems. Such factors will fuel the demand for O&M services, which will be one of the major factors driving the growth of solar photovoltaic services market.
The solar PV services industry is witnessing the development of next-generation solar PV modules such as mono PERC and bifacial solar PV modules. Both of these modules offer high efficiency and conversion rates. Bifacial modules can produce power from both sides of the module and result in higher power generation. Moreover, they are also more durable than monofacial modules. Similarly, PERC solar cells feature tiny pockets in the film that absorb more sunlight and produces a higher electrical output compared to conventional solar PV cells. The development of such advanced solar PV modules coupled with the increase in new installations and aging asset base of solar PV systems will drive solar photovoltaic services market growth at a CAGR of more than 16% during 2019-2023.

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