The highly competitive global PV monitoring market, which includes inverter suppliers, independent monitoring vendors, and project developers that integrate hardware and software to manage a PV system's operations data, client interface and standards compliance amongst many other functions, is forecasted to be a 23-gigawatt global market in 2012. While European independent monitoring vendors currently lead the market, the forecasted expansion of monitored PV capacity to nearly 50 gigawatts by 2016 foretells robust opportunity for existing and new suppliers.
Though monitoring technology is a critical aspect of a solar PV plant's successful operation (one single system outage can impact the overall plant production by 1 percent per year, and potentially more if it occurs in summertime), the market has received limited attention due to its relatively low impact on the up-front cost of a PV system. The lack of comprehensive, global and independent market research has lead to a situation where many vendors call themselves market leaders without the ability to confirm such claims with confidence – until now.
Join GTM Research Senior Analyst, MJ Shiao and SoliChamba Consulting's Cedric Brehaut as they discuss the findings from our recent report, Global PV Monitoring: Technologies, Markets and Leading Players, 2012-2016.