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Solar Photovoltaic Services Market by Service and Geography - Forecast and Analysis 2023-2027

  • Published: Jan 2023
  • Pages: 153
  • SKU: IRTNTR70918
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The solar photovoltaic services (PV) market is estimated to grow at a CAGR of 15.38% between 2022 and 2027. The size of the market is forecast to increase by USD 16,359.62 million. The growth of the market depends on serval factors, including increasing new installations and aging asset base of solar PV modules, declining cost of solar power generation, and supportive government policies and regulations.

This report extensively covers market segmentation by service (installation services, O&M services) and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Solar Photovoltaic Services Market During the Forecast Period?

Solar Photovoltaic Services Market Size

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Parent Market Analysis

The reports categorize the global solar photovoltaic (PV) service market as a part of the global renewable electricity market within the global independent power and renewable electricity market. The parent global renewable electricity market covers companies engaged in the generation and distribution of electricity using renewable sources. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Solar Photovoltaic Services Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing new installations and aging asset base of solar PV modules are notably driving the market growth, although factors such as challenges associated with recycling of scrap from solar PV systems may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Solar Photovoltaic Services Market Driver

The increasing new installations and aging asset base of solar PV modules are notably driving the market growth. One of the advantages of solar PV modules is their ability to be manufactured in large-scale plants, which allows manufacturers to reap economies of scale; moreover, as they involve modular technology, they can be deployed in small quantities as well. As a result, PV systems can be used on a very small scale, such as in solar-powered calculators or watches. Or they can be very large, such as in utility-scale power plants. As a clean energy-generating resource, solar PV systems have witnessed significant adoption over the last decade and will continue to exhibit strong growth in the coming years as well.

Additionally, the growth of renewable electricity capacity is expected to be led by solar PV, as the technology is expected to reach almost 650 GW in installed capacity over the next five years. The installation of new solar PV modules requires both installation and consulting services, which significantly contribute to the growth of the market.

Significant Solar Photovoltaic Services Market Trend

Developments related to solar PV modules is the key trend in the market. The next generation of solar PV modules includes mono PERC and bifacial solar PV modules, which offer higher efficiency and conversion rates. Bifacial modules can generate power from both sides of the module, which results in higher power generation than monofacial modules. These solar PV modules require a smaller array footprint, which leads to a reduction in the balance of system (BOS) costs. Additionally, these are installed on highly reflective surfaces to utilize both sides of the modules and can lead to power output enhancements of about one-third. Bifacial solar PV modules are more durable than monofacial modules as both sides are UV-resistant and also have lower potential-induced degradation (PID) issues when the module is frameless.

Other than bifacial modules, research and innovations are also taking place in several other components of PV modules to increase their efficiency. Advanced PERC technology is one such technology that is expected to increase efficiency and enable faster returns on investment (ROI), thus leading to reductions in the cost of solar PV systems. The growing adoption of mono PERC and bifacial modules, as well as half-cut cell modules, is expected to drive the growth of the market during the forecast period.

Major Solar Photovoltaic Services Market Challenge

Challenges associated with recycling scrap from solar PV systems are the major challenge impeding the market growth. Solar PV scrap is growing rapidly, considering the number of solar PV modules that have been installed in the last two decades. The amount of discarded scrap from solar PV systems is expected to grow. The disposal of scrap from discarded solar PV systems in landfills is considered unsafe, especially if the solar PV module is broken up, as the toxic materials can contaminate the soil and water, thus making its disposal a major issue.

Moreover, toxic materials such as cadmium can also be washed out of damaged solar PV modules and pollute the surrounding environment. The burden of putting the cost of long-term storage or recycling of old or damaged solar PV modules could lead to manufacturers facing further financial failure as they continue to focus on reducing the cost of solar PV systems. This is hampering the growth of the global solar PV services market.

Key Solar Photovoltaic Services Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Solar Photovoltaic Services Market Share by Geography

Global Solar Photovoltaic Services Market Customer Landscape

Who are the Major Solar Photovoltaic Services Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Risen Energy Co. Ltd. - The company offers solar photovoltaic services that include Monocrystalline Perc Module that come with dual-stage 100% EL inspection warrant, and wind load 2400Pa. The company offers various products such as PV modules and energy storage systems.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Avi Solar Energy Pvt Ltd.
  • Canadian Solar Inc.
  • ENcome Energy Performance GmbH
  • First Solar Inc.
  • GCL System Integration Technology Co. Ltd.
  • Hanwha Corp.
  • JA Solar Technology Co. Ltd.
  • Jiangsu Shunfeng Photovoltaic Technology Co. Ltd.
  • JinkoSolar Holding Co. Ltd.
  • Longi green energy technology Co. Ltd
  • RWE AG
  • Sharp Corp.
  • SunPower Corp
  • Trina Solar Co. Ltd.
  • Wuxi Suntech Power Co. Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Solar Photovoltaic Services Market?

The market share growth of the installation services segment will be significant during the forecast period. The decline in the cost of generating solar energy due to the reduction in the cost of solar PV modules and BOS, as well as the rising number of solar power plant installations, has significantly increased the adoption of solar PVs. These factors have led to a rapid rise in the number of solar PV installations. The rise in solar PV installation is driven by growing environmental concerns and worldwide efforts to develop renewable sources of energy, such as solar PVs, to reduce GHG emissions and mitigate climate change.

Solar Photovoltaic Services Market Size

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The installation services segment was valued at USD 4,468.15 million in 2017 and continued to grow until 2021The solar energy industry has grown significantly over the past few decades. Advances in the production of solar panels and other related components and the increased adoption of technology have reduced the cost of generating electricity using solar energy significantly. As a result, solar energy is preferred in large utility-scale solar PV, commercial, and residential power projects to cater to the rising demand for electricity. Owing to these benefits, solar PV installations have grown significantly and subsequently have led to the growth of the segment.

Which are the Key Regions for the Solar Photovoltaic Services Market?

Solar Photovoltaic Services Market Share by Geography

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APAC is estimated to contribute 74% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The solar PV services market in APAC will grow rapidly during the forecast period, majorly driven by new installations in China, India, Japan, and South Korea, as these countries have the highest installed capacity of solar PVs in the region. The growth of solar PV systems can be attributed to the alarming levels of pollution from GHG emissions in China and India, which have resulted in the growing emphasis on renewables such as wind and solar for power generation. In solar power generation, initiatives taken by many countries in the region and the rapid pace of their execution indicate an increased focus on replacing fossil fuels with solar power.

The adoption and implementation of microgrids in APAC are also expected to contribute significantly to the growth of the solar PV services market. The adoption of microgrids is mainly driven by rural electrification programs in developing countries such as India, Indonesia, Myanmar, and the Philippines. The governments of various countries in this region are proactively taking initiatives for the implementation of microgrid solutions to improve rural access to electricity in their respective countries.

Due to Coivd-19, many governments in the region imposed lockdowns, which resulted in the suspension of commercial activities and led to low demand for solar photovoltaic services. However, with the lifting of the lockdown restrictions in APAC, it became possible to initiate the resumptions of operation across the solar power generation facilities across the region, further fueling the demand for solar panel production and installations across APAC in 2021. Therefore, the solar photovoltaic service market in APAC is expected to propel during the forecasted period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Service (Installation services, O and M services) and Geography (APAC, Europe, North America, Middle East and Africa, and South America).

  • Service Outlook (USD Million, 2017 - 2027)
    • Installation services
    • O and M services
  • Region Outlook (USD Million, 2017 - 2027)
    • APAC
      • China
      • India
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • North America
      • The U.S.
      • Canada
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Argentina

Solar Photovoltaic Services Market Scope

 

Report Coverage

Details

Page number

153

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 15.38%

Market growth 2023-2027

USD 16,359.62 million

Market structure

Fragmented

YoY growth 2022-2023(%)

14.6

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 74%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ABB, Acciona SA, Amana Contracting and Steel Buildings LLC, Anesco Ltd., Avi Solar Energy Pvt Ltd., Canadian Solar Inc., ENcome Energy Performance GmbH, First Solar Inc., GCL System Integration Technology Co. Ltd., Hanwha Corp., JA Solar Technology Co. Ltd., Jiangsu Shunfeng Photovoltaic Technology Co. Ltd., JinkoSolar Holding Co. Ltd., Longi green energy technology Co. Ltd, Risen Energy Co. Ltd., RWE AG, Sharp Corp., SunPower Corp, Trina Solar Co. Ltd., and Wuxi Suntech Power Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Solar Photovoltaic Services Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the solar photovoltaic services market between 2023 and 2027
  • Precise estimation of the solar photovoltaic services market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of solar photovoltaic services market vendors

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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 Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 13: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global solar photovoltaic services market 2017 - 2021
      • Exhibit 17: Historic Market Size – Data Table on Global solar photovoltaic services market 2017 - 2021 ($ million)
    • 4.2 Service Segment Analysis 2017 - 2021
      • Exhibit 18: Historic Market Size – Service Segment 2017 - 2021 ($ million)
    • 4.3 Geography Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.4 Country Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 21: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 22: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 23: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 24: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 25: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 26: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 27: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Service

    • 6.1 Market segments
      • Exhibit 28: Chart on Service - Market share 2022-2027 (%)
      • Exhibit 29: Data Table on Service - Market share 2022-2027 (%)
    • 6.2 Comparison by Service
      • Exhibit 30: Chart on Comparison by Service
      • Exhibit 31: Data Table on Comparison by Service
    • 6.3 Installation services - Market size and forecast 2022-2027
      • Exhibit 32: Chart on Installation services - Market size and forecast 2022-2027 ($ million)
      • Exhibit 33: Data Table on Installation services - Market size and forecast 2022-2027 ($ million)
      • Exhibit 34: Chart on Installation services - Year-over-year growth 2022-2027 (%)
      • Exhibit 35: Data Table on Installation services - Year-over-year growth 2022-2027 (%)
    • 6.4 O and m services - Market size and forecast 2022-2027
      • Exhibit 36: Chart on O and m services - Market size and forecast 2022-2027 ($ million)
      • Exhibit 37: Data Table on O and m services - Market size and forecast 2022-2027 ($ million)
      • Exhibit 38: Chart on O and m services - Year-over-year growth 2022-2027 (%)
      • Exhibit 39: Data Table on O and m services - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Service
      • Exhibit 40: Market opportunity by Service ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 43: Data Table on Market share by geography 2022-2027 (%)
    • 8.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 8.3 APAC - Market size and forecast 2022-2027
      • Exhibit 46: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 8.4 Europe - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 8.5 North America - Market size and forecast 2022-2027
      • Exhibit 54: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 8.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 8.7 South America - Market size and forecast 2022-2027
      • Exhibit 62: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 8.8 China - Market size and forecast 2022-2027
      • Exhibit 66: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 8.9 Japan - Market size and forecast 2022-2027
      • Exhibit 70: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 73: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 8.10 India - Market size and forecast 2022-2027
      • Exhibit 74: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 77: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 8.11 US - Market size and forecast 2022-2027
      • Exhibit 78: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 81: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 8.12 Germany - Market size and forecast 2022-2027
      • Exhibit 82: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2022 and 2027
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 11.3 ABB
              • Exhibit 93: ABB - Overview
              • Exhibit 94: ABB - Product / Service
              • Exhibit 95: ABB - Key offerings
            • 11.4 Acciona SA
              • Exhibit 96: Acciona SA - Overview
              • Exhibit 97: Acciona SA - Business segments
              • Exhibit 98: Acciona SA - Key news
              • Exhibit 99: Acciona SA - Key offerings
              • Exhibit 100: Acciona SA - Segment focus
            • 11.5 Canadian Solar Inc.
              • Exhibit 101: Canadian Solar Inc. - Overview
              • Exhibit 102: Canadian Solar Inc. - Business segments
              • Exhibit 103: Canadian Solar Inc. - Key news
              • Exhibit 104: Canadian Solar Inc. - Key offerings
              • Exhibit 105: Canadian Solar Inc. - Segment focus
            • 11.6 First Solar Inc.
              • Exhibit 106: First Solar Inc. - Overview
              • Exhibit 107: First Solar Inc. - Business segments
              • Exhibit 108: First Solar Inc. - Key news
              • Exhibit 109: First Solar Inc. - Key offerings
              • Exhibit 110: First Solar Inc. - Segment focus
            • 11.7 GCL System Integration Technology Co. Ltd.
              • Exhibit 111: GCL System Integration Technology Co. Ltd. - Overview
              • Exhibit 112: GCL System Integration Technology Co. Ltd. - Business segments
              • Exhibit 113: GCL System Integration Technology Co. Ltd. - Key news
              • Exhibit 114: GCL System Integration Technology Co. Ltd. - Key offerings
              • Exhibit 115: GCL System Integration Technology Co. Ltd. - Segment focus
            • 11.8 Hanwha Corp.
              • Exhibit 116: Hanwha Corp. - Overview
              • Exhibit 117: Hanwha Corp. - Product / Service
              • Exhibit 118: Hanwha Corp. - Key news
              • Exhibit 119: Hanwha Corp. - Key offerings
            • 11.9 JA Solar Technology Co. Ltd.
              • Exhibit 120: JA Solar Technology Co. Ltd. - Overview
              • Exhibit 121: JA Solar Technology Co. Ltd. - Product / Service
              • Exhibit 122: JA Solar Technology Co. Ltd. - Key offerings
            • 11.10 Jiangsu Shunfeng Photovoltaic Technology Co. Ltd.
              • Exhibit 123: Jiangsu Shunfeng Photovoltaic Technology Co. Ltd. - Overview
              • Exhibit 124: Jiangsu Shunfeng Photovoltaic Technology Co. Ltd. - Product / Service
              • Exhibit 125: Jiangsu Shunfeng Photovoltaic Technology Co. Ltd. - Key offerings
            • 11.11 JinkoSolar Holding Co. Ltd.
              • Exhibit 126: JinkoSolar Holding Co. Ltd. - Overview
              • Exhibit 127: JinkoSolar Holding Co. Ltd. - Product / Service
              • Exhibit 128: JinkoSolar Holding Co. Ltd. - Key news
              • Exhibit 129: JinkoSolar Holding Co. Ltd. - Key offerings
            • 11.12 Longi green energy technology Co. Ltd
              • Exhibit 130: Longi green energy technology Co. Ltd - Overview
              • Exhibit 131: Longi green energy technology Co. Ltd - Product / Service
              • Exhibit 132: Longi green energy technology Co. Ltd - Key offerings
            • 11.13 Risen Energy Co. Ltd.
              • Exhibit 133: Risen Energy Co. Ltd. - Overview
              • Exhibit 134: Risen Energy Co. Ltd. - Product / Service
              • Exhibit 135: Risen Energy Co. Ltd. - Key offerings
            • 11.14 Sharp Corp.
              • Exhibit 136: Sharp Corp. - Overview
              • Exhibit 137: Sharp Corp. - Business segments
              • Exhibit 138: Sharp Corp. - Key news
              • Exhibit 139: Sharp Corp. - Key offerings
              • Exhibit 140: Sharp Corp. - Segment focus
            • 11.15 SunPower Corp
              • Exhibit 141: SunPower Corp - Overview
              • Exhibit 142: SunPower Corp - Business segments
              • Exhibit 143: SunPower Corp - Key news
              • Exhibit 144: SunPower Corp - Key offerings
              • Exhibit 145: SunPower Corp - Segment focus
            • 11.16 Trina Solar Co. Ltd.
              • Exhibit 146: Trina Solar Co. Ltd. - Overview
              • Exhibit 147: Trina Solar Co. Ltd. - Business segments
              • Exhibit 148: Trina Solar Co. Ltd. - Key offerings
              • Exhibit 149: Trina Solar Co. Ltd. - Segment focus
            • 11.17 Wuxi Suntech Power Co. Ltd.
              • Exhibit 150: Wuxi Suntech Power Co. Ltd. - Overview
              • Exhibit 151: Wuxi Suntech Power Co. Ltd. - Product / Service
              • Exhibit 152: Wuxi Suntech Power Co. Ltd. - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 153: Inclusions checklist
                • Exhibit 154: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 155: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 156: Research methodology
                • Exhibit 157: Validation techniques employed for market sizing
                • Exhibit 158: Information sources
              • 12.5 List of abbreviations
                • Exhibit 159: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Solar Photovoltaic Services market growth will increase by $16359.62 million during 2023-2027.
              The solar photovoltaic services market is expected to grow at a CAGR of 15.38% during 2023-2027.
              Technavio has segmented the solar photovoltaic services market by service (Installation services, O, and m services) and geography (APAC, Europe, North America, Middle East and Africa, and South America).
              ABB, Acciona SA, Amana Contracting and Steel Buildings LLC, Anesco Ltd., Avi Solar Energy Pvt Ltd., Canadian Solar Inc., ENcome Energy Performance GmbH, First Solar Inc., GCL System Integration Technology Co. Ltd., Hanwha Corp., JA Solar Technology Co. Ltd., Jiangsu Shunfeng Photovoltaic Technology Co. Ltd., JinkoSolar Holding Co. Ltd., Longi green energy technology Co. Ltd, Risen Energy Co. Ltd., RWE AG, Sharp Corp., SunPower Corp, Trina Solar Co. Ltd., Wuxi Suntech Power Co. Ltd. are a few of the key vendors in the solar photovoltaic services market.
              APAC will register the highest growth rate of 73.79% among the other regions. Therefore, the solar photovoltaic services market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the solar photovoltaic services market growth are:
              • Increasing new installations and aging asset base of solar PV modules
              • Developments related to solar PV modules
              The solar photovoltaic services market vendors should focus on grabbing business opportunities from the installation services segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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