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The global solar digitalization platform market is expected to exhibit a CAGR of 11.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Solar digitalization platform refers to a framework that enables the implementation of digital solutions and energy system integration across multiple energy carriers, infrastructures, and consumption sectors to manage and optimize the entire solar asset lifecycle, from planning to production. It eliminates data silos and offers enhanced asset performance by helping the development, engineering, procurement, construction, and quality assurance on one asset-centric platform. Additionally, a solar digitalization platform also enables acceleration of electrification timeframes, improvement of service delivery, reduction of electricity costs, and better redistribution of social benefits.
The increasing penetration of advanced digital solutions in the energy and utility sector is primarily driving the global solar digitalization platform market. In line with this, the escalating need for clean and renewable energy sources on account of the rising focus on the decarbonization of the energy industry is also augmenting the adoption of solar digitalization platforms. Furthermore, the inflating requirement for monitoring energy utilization and consumption is catalyzing the necessity for digitalized solar management solutions, thereby fueling the market growth. Additionally, the growing integration of machine learning (ML) with solar digitalization platforms for improving production forecasts and serving grid stability requirements is also stimulating the global market. Besides this, the escalating adoption of data analytics-based platforms that assist in the early quantification and prioritization of projects, thereby offering precise insights into a site's solar potential, is positively influencing the market growth. Moreover, the widespread popularity of smart metering systems for improving productivity, removing inefficiencies, establishing better communication, etc., is also bolstering the global market. In the coming years, the advent of 5G networking which implements network slicing for smart grids to meet different service needs with better coverage is expected to drive the global solar digitalization platform.
IMARC Group provides an analysis of the key trends in each sub-segment of the global solar digitalization platform market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, application and end use.
Breakup by Component:
Breakup by Application:
Breakup by End Use:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Instyle Solar, Scopito, Sense Hawk, SmartHelio, Loggma Digital Energy Solutions, Suncast and Solar Captus.
|Base Year of the Analysis||2021|
|Segment Coverage||Component, Application, End Use, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Instyle Solar, Scopito, Sense Hawk, SmartHelio, Loggma Digital Energy Solutions, Suncast and Solar Captus.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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