Dublin, March 04, 2019 (GLOBE NEWSWIRE) -- The "Global Solar Photovoltaic (PV) Services Market, Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global market for solar services is forecast to increase from $8.13 billion in 2017 to $14.48 billion by 2025, driven by an aging asset base, as well as new installations.
Solar growth remains strong across most regions, although the market has declined in China, due to change in regulations, which will mean lower installations in 2018 than in 2017. However, the market is growing across the rest of Asia, the Middle East, Europe, and Latin America. In North America, the market slowed in the first half of 2018, but has gradually been recovering, as the industry adapts to President Trump's tariffs on Chinese solar products.
Competition in the market is increasing. Utility companies and independent power producers (IPPs) have developed a significant amount of expertise in solar servicing and are increasingly prepared to do more of the service work themselves to minimize costs. Besides, existing participants are expanding operations to new markets, and component providers are also boosting their servicing propositions.
Key new technology trends include the use of drone technology, increasing adoption of digital solar, water-free cleaning, and the adoption of string inverters to reduce maintenance costs. All these innovations have the potential to reduce CAPEX and OPEX.
Key Issues Addressed
Key Conclusion
This study will provide an in-depth analysis on the solar PV services market, highlighting the major technology trends and innovations, key growth drivers, and the revenue potential generated from existing and future projects. The study is segmented into different parts discussing the annual installed capacity and revenue of the solar PV services market at global and regional levels. These insights will aid clients in identifying growth opportunities, adopting the right technology/solution and focus targets, given the larger number of potential global markets.
Key Topics Covered:
1. Executive Summary
2. Market Overview
3. Drivers and Restraints - Solar PV Services Market
4. Forecasts and Trends - Total Solar PV Services Market
5. Market Share and Competitive Analysis - Total Solar PV Services Market
6. Growth Opportunities and Companies to Action
7. CEO's 360 Degree Perspective on the Solar PV Services Market
8. North America Analysis
9. Europe Analysis
10. China Analysis
11. India Analysis
12. Asia-Pacific Analysis
13. Latin America Analysis
14. Africa Analysis
15. The Middle East Analysis
16. The Last Word
17. Appendix
For more information about this report visit https://www.researchandmarkets.com/research/kh492s/global_solar?w=12
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