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According to Global PV Monitoring 2016-2020: Market Trends and Key Players, the PV monitoring landscape is undergoing dramatic changes, requiring integration into the broader PV software ecosystem, dealing with additional regulatory and cybersecurity requirements, and facing challengers
from the energy management market.
The Asia-Pacific region will account for 56% of the total global PV monitoring market, followed by North America with 27%.
China's huge utility-scale PV industry in the Asia-Pacific region and the solar market supported by Japan's feed-in tariff subsidies account for 56%
of the total global PV monitoring market.
The North American market will be the second largest market with 27%, followed by Europe, the Middle East, North Africa and Latin America
.
Surveillance vendors vary
geographically and with different business models.
The report divides vendors into three categories: independent software vendors (ISVs), power electronics vendors, and downstream solar companies
.
Six of the world's top 10 companies are independent software vendors, two are power electronics manufacturers, and two are downstream solar companies
.
In 2015, the market experienced significant M&A activity, including BKW's acquisition of Solar-Log, meteocontrol's acquisition of iTerra, and Genscape's acquisition of Locus energy
, a U.
S.
leader in the residential PV surveillance market.
The report notes that similar activity
is likely to occur in the PV surveillance market in 2016.
In fact, Solarrus just announced its acquisition of Power Factors
this month.
In 2020, GTM Research and SoliChamba Consulting predicted that the global PV monitoring market will exceed 5.
24 million kilowatts
.
According to Global PV Monitoring 2016-2020: Market Trends and Key Players, the PV monitoring landscape is undergoing dramatic changes, requiring integration into the broader PV software ecosystem, dealing with additional regulatory and cybersecurity requirements, and facing challengers
from the energy management market.
The Asia-Pacific region will account for 56% of the total global PV monitoring market, followed by North America with 27%.
China's huge utility-scale PV industry in the Asia-Pacific region and the solar market supported by Japan's feed-in tariff subsidies account for 56%
of the total global PV monitoring market.
The North American market will be the second largest market with 27%, followed by Europe, the Middle East, North Africa and Latin America
.
Surveillance vendors vary
geographically and with different business models.
The report divides vendors into three categories: independent software vendors (ISVs), power electronics vendors, and downstream solar companies
.
Six of the world's top 10 companies are independent software vendors, two are power electronics manufacturers, and two are downstream solar companies
.
In 2015, the market experienced significant M&A activity, including BKW's acquisition of Solar-Log, meteocontrol's acquisition of iTerra, and Genscape's acquisition of Locus energy
, a U.
S.
leader in the residential PV surveillance market.
The report notes that similar activity
is likely to occur in the PV surveillance market in 2016.
In fact, Solarrus just announced its acquisition of Power Factors
this month.
In 2020, GTM Research and SoliChamba Consulting predicted that the global PV monitoring market will exceed 5.
24 million kilowatts
.
