Solar Photovoltaic Services Market by Service and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR70918
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The solar photovoltaic services market has the potential to grow by $ 13.66 bn during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 16.64%.

This solar photovoltaic services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by Service (Installation services and O and M services) and Geography (APAC, Europe, North America, MEA, and South America). The solar photovoltaic services market report also offers information on several market vendors, including ABB Ltd., Amana Contracting and Steel Buildings, Anesco Ltd., Avi Solar Energy Pvt Ltd., Canadian Solar Inc., ENcome Energy Performance GmbH, First Solar Inc., RWE AG, SunPower Corp., and Trina Solar Co. Ltd. among others.

What will the Solar Photovoltaic Services Market Size be in 2021?

Solar-Photovoltaic-Services-Market-Market-Size-2020-2025

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Solar Photovoltaic Services Market: Key Drivers and Trends

Based on our research output, there has been a  impact on the market growth during and post COVID-19 era. The increasing new installations and aging asset base of solar pv modules is notably driving the solar photovoltaic services market growth, although factors such as challenges associated with the recycling of scrap from solar pv systems may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the solar photovoltaic services market industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This solar photovoltaic services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Solar Photovoltaic Services Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • ABB Ltd.
  • Amana Contracting and Steel Buildings
  • Anesco Ltd.
  • Avi Solar Energy Pvt Ltd.
  • Canadian Solar Inc.
  • ENcome Energy Performance GmbH
  • First Solar Inc.
  • RWE AG
  • SunPower Corp.
  • Trina Solar Co. Ltd.

The vendor landscape of the solar photovoltaic services market entails successful business strategies deployed by the vendors. The solar photovoltaic services market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the solar photovoltaic services market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Solar Photovoltaic Services Market?

Solar-Photovoltaic-Services-Market-Market-Share-by-Region-2020-2025

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75% of the market’s growth will originate from APAC during the forecast period. China, India, US, Japan, and Germany are the key markets for solar photovoltaic services market in APAC. 

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Declining cost of solar power generation will facilitate the solar photovoltaic services market growth in APAC over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Service Segments in the Solar Photovoltaic Services Market?

Solar-Photovoltaic-Services-Market-Market-Share-by-Service-2020-2025

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The solar photovoltaic services market share growth by the __ segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the solar photovoltaic services market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Solar Photovoltaic Services Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 16.64%

Market growth 2021-2025

$ 13.66 billion

Market structure

Fragmented

YoY growth (%)

15.63

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 75%

Key consumer countries

China, India, US, Japan, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., Amana Contracting and Steel Buildings, Anesco Ltd., Avi Solar Energy Pvt Ltd., Canadian Solar Inc., ENcome Energy Performance GmbH, First Solar Inc., RWE AG, SunPower Corp., and Trina Solar Co. Ltd.

Market Dynamics

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

Customization purview

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

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive solar photovoltaic services market growth during the next five years
  • Precise estimation of the solar photovoltaic services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the solar photovoltaic services market across APAC, Europe, North America, MEA, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of solar photovoltaic services market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Service

    • Market segments
    • Comparison by Service
    • Installation services - Market size and forecast 2020-2025
    • O and M services - Market size and forecast 2020-2025
    • Market opportunity by Service

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • ABB Ltd.
    • Amana Contracting and Steel Buildings
    • Anesco Ltd.
    • Avi Solar Energy Pvt Ltd.
    • Canadian Solar Inc.
    • ENcome Energy Performance GmbH
    • First Solar Inc.
    • RWE AG
    • SunPower Corp.
    • Trina Solar Co. Ltd.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • 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
    Interested in this report?
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    The solar photovoltaic services market growth will increase by $13666.61 million during 2020-2025.
    The solar photovoltaic services market is expected to grow at a CAGR of 16.64% during 2020-2025.
    Technavio has segmented the solar photovoltaic services market by service (Installation services and O and M services) and geographic (APAC, Europe, North America, MEA, and South America).
    ABB Ltd., Amana Contracting and Steel Buildings, Anesco Ltd., Avi Solar Energy Pvt Ltd., Canadian Solar Inc., ENcome Energy Performance GmbH, First Solar Inc., RWE AG, SunPower Corp., Trina Solar Co. Ltd. are a few of the key vendors in the solar photovoltaic services market.
    APAC will register the highest growth rate of 75.14% 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
    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.
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