Global Solar Asset Management Software Market Overview:
Solar asset administration tracks and manages a bodily asset, such as a photo voltaic plant, farm or website thru the operational ranges of its lifecycle. Solar asset administration ensures the seamless series of all data, archives and existence activities of the asset. Managing a renewable power asset is an indispensable task, and it entails a lot of matters than managing on-site activities. This software program does an awful lot greater than the monitoring of each day power generation. The device additionally ensures the most reliable overall performance of a photo voltaic plant thru a range of parameters. The major clients of this software program are giant businesses in retail, logistics, hospitality, and industrial sectors that are trying to find photo voltaic deployment throughout their portfolio. The centralized monetary facts repository and a built-in monitoring dashboard make certain the clean administration portfolio. Renewable electricity technology is at an inflection point. Clean electricity funding has dramatically increased, and the sheer quantity of facts and complicated contracts surrounding these initiatives require sturdy photo voltaic asset administration structures to music and control their operations. There is a larger want for compliance and felony analysis, greater demand for complete and easy-to-use asset administration tools, and an elevated want to assist acquisitions, sales, and financing.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Geographic Diversification of Portfolios, Convergence with Wind and Energy Trading
Market Growth Drivers:
Growing and Diversifying Investor Portfolios, Growing Reporting Requirements and Increasing Price Pressure on Asset Management Services As Feed-In-Tariff Regimes Phase Out and Solar Energy Becomes Cheaper Over Time
Challenges:
Shortage of Skilled O&M Teams & Dedicated Manpower
Restraints:
Problems in Installation and High Cost Associated with Software
Competitive Landscape:
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies.
Some of the key players profiled in the report are BluePoint (United States), Arbox (Israel), ACTIS (United Kingdom), Heliolytics (Canada), SenseHawk (United States), Lyra Solar (United States), Schneider Electric (France), PVComplete (United States), Pylon (United States) and BlueSol (Brazil). Additionally, following companies can also be profiled that are part of our coverage like SolarEdge (Israel), Ardexa (Australia), SolarView Technologies (United States) and NEXTracker (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Solar Asset Management Software market by 2028. Considering Market by Type, the sub-segment i.e. Capital and Investment Management will boost the Solar Asset Management Software market.
In 2021, SolarEdge, a world chief in clever strength technology, has announced the launch of its new S-Series vary of Power Optimizers, now handy for residential installations in Europe. The S-Series introduces an increased set of superior protection features, as properly as a new and progressive machine diagram that makes device set up smarter, less complicated and faster.
What Can be Explored with the Solar Asset Management Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Solar Asset Management Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Solar Asset Management Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Solar Asset Management Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Solar Asset Management Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Solar Asset Management Software Provider, Capital and Investment Management, Energy Reporting and Analytics, Power Quality Monitor, Solar Plant Design and Engineering and Cash Flow Management.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.