Solar Digitalization Platform Market

Market Overview:

The global solar digitalization platform market is expected to exhibit a growth rate (CAGR) of 11.3% during 2023-2028.

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.

Solar Digitalization Platform Market Trends:

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global solar digitalization platform market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on component, application and end use.

Breakup by Component:

• Software
• Service
   

Breakup by Application:

• Field Mobility
• Jobsite Management
   

Breakup by End Use:

• Residential
• Commercial and Industrial
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Competitive Landscape:

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.

Report Coverage:

Key Questions Answered in This Report:

• How has the global solar digitalization platform market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global solar digitalization platform market?
• What are the key regional markets?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the end use?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global solar digitalization platform market and who are the key players?
• What is the degree of competition in the industry?