In a new report, GTM Research (Boston, Massachusetts, U.S.) and SoliChamba Consulting identify a wide range of competitors entering the distributed solar photovoltaic (PV) operations and maintenance (O&M) and asset management market, which the duo forecasts to reach USD 803 million by 2020.
The total addressable U.S. market for distributed PV asset management and O&M reached 8.5 gigawatts in 2014 and was valued at USD 154 million. GTM Research and SoliChamba Consulting expect the market to grow significantly, reaching USD 803 million by 2020.
The non-residential segment is currently the larger segment; however, by the end of 2020, GTM Research and SoliChamba Consulting forecast the residential segment to make up 70 percent of the total market value of all distributed PV asset management and O&M.
Installers to remain the default maintenance providers for residential systems
Based on this growth, new entrants beyond pure-play installers and financiers will likely include developers, independent power providers, and inverter manufacturers, depending on market segment in some cases.
“In the residential space, installers remain the default maintenance providers for the systems they build, but financiers are forced to use internal crews or contract with third-party providers to maintain a growing number of systems in the field for which the installer is no longer willing or able to perform warranty work,” said lead author Cedric Brehaut.
He noted that a few independent firms are offering maintenance services for residential systems such as SunSystem, Sunup, and Next Phase Solar (recently acquired by micro-inverter firm Enphase Energy).
Crowded landscape in the non-residential O&M segment
In the non-residential segment, the O&M competitive landscape is a lot more crowded with independent service providers like True South Renewables and Miller Bros Solar, EPC firms like Borrego and REC, inverter manufacturers like SMA and Enphase, and integrated or semi-integrated firms like Nexamp and SunEdison.
“The number of competitors is likely to increase as the pipeline for new projects dries out due to the approaching ITC reduction,” added Brehaut.
2015-05-08 | Courtesy: GTM Research | solarserver.com © Heindl Server GmbH
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