Solar Panel Operation And Maintenance Global Market Report 2025

The solar panel operation and maintenance market size has grown rapidly in recent years. It will grow from $5.83 billion in 2024 to $6.45 billion in 2025 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to increasing solar installations, rising awareness about the environmental benefits, rising maintenance awareness, rising demand for residential solar, and expansion of utility-scale projects.

The solar panel operation and maintenance market size is expected to see rapid growth in the next few years. It will grow to $9.79 billion in 2029 at a compound annual growth rate (CAGR) of 11%. The growth in the forecast period can be attributed to surge in usage of artificial intelligence, increasing demand for o&m services coupled with ongoing government initiatives, rising adoption of smart solar solutions, growing focus on cost reduction and efficiency, and increasing demand for renewable energy sources. Major trends in the forecast period include automated cleaning solutions, advances in robotics and AI are revolutionizing solar panel maintenance, integrating artificial intelligence and IoT, and advancements in monitoring technologies.

The forecast of 11% growth over the next five years reflects a modest reduction of 0.3% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. O&M services may become costlier due to tariffs on cleaning robots, infrared inspection drones, and replacement modules, impacting the service ecosystem for solar panel upkeep. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The increasing demand for renewable energy is expected to drive the expansion of the solar panel operation and maintenance market in the coming years. This demand is largely fueled by renewable energy's ability to improve energy security by decreasing dependence on imported fossil fuels, minimizing vulnerability to supply disruptions, and fostering a more stable and self-sufficient energy system. Solar panel operation and maintenance improve system efficiency and reduce downtime, making renewable energy more reliable and encouraging wider adoption. This ensures consistent energy output, lowers long-term costs, and boosts confidence among users and investors in sustainable energy infrastructure. For example, in December 2024, Eurostat, a Luxembourg-based government agency, reported that in 2023, renewable energy accounted for 24.5% of the European Union’s total energy consumption, up from 23% in 2022. As such, the growing demand for renewable energy is propelling the growth of the solar panel operation and maintenance market.

Leading companies in the solar panel operation and maintenance sector are focusing on innovative solutions, such as web-based platforms, to enhance real-time monitoring and improve system efficiency. These platforms, which are online software applications accessible via internet browsers, assist with solar panel operation and maintenance by enabling real-time monitoring, automated performance alerts, and remote diagnostics. This helps improve system efficiency, reduce downtime, and lower maintenance costs. For example, in September 2023, SolarEdge Technologies Ltd., a renewable energy semiconductor manufacturer based in Israel, launched SolarEdge ONE, a real-time, software-based energy optimization and site management solution designed for commercial and industrial (C&I) solar applications. It combines site management capabilities with advanced smart algorithms, using external data (such as daily utility rates and weather forecasts) and on-site data (including historical solar production and consumption patterns). This integration allows for optimal decision-making in solar production and consumption, maximizing energy savings during peak pricing periods. The solution includes two key modules: the SolarEdge Local Controller, which integrates with third-party devices for on-site management, and the SolarEdge ONE Manager, a web-based platform offering monitoring, reporting, and maintenance tools for asset managers to ensure efficient system performance and adaptive optimization based on changing energy needs.

In March 2022, Skyfri Group AS, a Norway-based cleantech company, acquired Avi Solar for an undisclosed amount. This acquisition is aimed at consolidating the global solar operations and maintenance industry and accelerating the automation of solar asset management by integrating Avi Solar's portfolio into its unified digital platform. This will enhance operational efficiency, minimize manual intervention, and provide asset owners with end-to-end visibility and control throughout the solar asset lifecycle. Avi Solar Energy Private Limited, based in India, is an engineering, procurement, and commissioning company that offers operations and maintenance (O&M) services for solar power projects.

Solar panel operation and maintenance (O&M) encompasses the routine tasks and procedures required to ensure the optimal performance, efficiency, and durability of a solar power system. The primary goal of solar panel O&M is to maximize energy output, reduce downtime, detect and resolve performance issues, and extend the system’s operational lifespan.

The key service types within solar panel O&M include preventive maintenance, corrective maintenance, repair services, and monitoring services. Preventive maintenance typically involves scheduled inspections, cleaning, and minor adjustments to improve efficiency and prolong panel life. The technologies employed in solar panels include monocrystalline, polycrystalline, thin-film, and other variations. These services cater to a diverse range of end users, including the residential, industrial, and commercial sectors.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and the ensuing trade tensions in spring 2025 are having a notable impact on the utilities sector, particularly across power generation, grid modernization, and renewable energy initiatives. Increased duties on imported equipment such as turbines, transformers, solar panels, and battery storage systems are driving up both capital and operational expenses for utility companies, prompting many to delay projects or pass higher costs on to consumers through increased energy rates. The water and waste management sectors are similarly affected, as tariffs inflate the cost of essential machinery, piping, and treatment technologies. Moreover, retaliatory tariffs from key trading partners have disrupted the supply of critical raw materials - such as rare earth elements vital for clean energy technologies - posing further challenges to the shift toward sustainable energy. In response, the sector is increasingly focusing on domestic procurement, digital transformation, and efficiency-enhancing innovations to control rising costs while safeguarding energy reliability and meeting regulatory demands.

The solar panel operation and maintenance market research report is one of a series of new reports that provides solar panel operation and maintenance market statistics, including the solar panel operation and maintenance industry global market size, regional shares, competitors with the solar panel operation and maintenance market share, detailed solar panel operation and maintenance market segments, market trends, and opportunities, and any further data you may need to thrive in the solar panel operation and maintenance industry. This solar panel operation and maintenance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Major players in the solar panel operation and maintenance market are Trina Solar Limited, Canadian Solar Inc., Enel Green Power S.p.A., BayWa r.e. Solar Projects LLC, Renewable Energy Systems Limited, SolarEdge Technologies Inc., First Solar Inc., Enphase Energy Inc., SunPower Corporation, SMA Solar Technology AG, ReneSola Ltd, Sterling and Wilson Renewable Energy Limited, Spark Power Corp., NovaSource Power Services, Omnidian Inc., Amicus O&M Cooperative, SOLV Energy LLC, Verogy LLC, SunSystem Technology Inc., Cleanmax Enviro Energy Solutions Pvt. Ltd., Greenskies Clean Focus, Solarium Green Energy, PVworx.

Asia Pacific was the largest region in the solar panel operation and maintenance market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in solar panel operation and maintenance report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the solar panel operation and maintenance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The solar panel operation and maintenance market consists of revenues earned by entities by providing services such as performance optimization, cleaning and maintenance, repairs and troubleshooting, inspection and testing services. The market value includes the value of related goods sold by the service provider or included within the service offering. The solar panel operation and maintenance market consists of sales of monitoring systems, cleaning equipment, inverters and power conditioning equipment, energy storage systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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