PV Operation & Maintenance Market Size, Share, Growth, and Industry Growth by Type (Production Operation & Maintenance Management, Safety Management, Quality Management, Power Marketing Management, Material Management and Information Management) By Application (Industrial PV Power Plant and Commercial PV Power Plant), Regional Insights and Forecast From 2025 To 2033

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PV OPERATION AND MAINTENANCE MARKET OVERVIEW

The global pv operation & maintenance market size was anticipated to be worth USD 3.18 billion in 2024, projected to reach USD 5.3 billion by 2033 at a 6% CAGR during the forecast period from 2025 to 2033.

PV (photovoltaic) operation and maintenance (O&M) refers to the management, upkeep, and repair of solar power systems to ensure their optimal performance and longevity. This involves tasks such as regular inspections, cleaning, monitoring, repair, and replacement of components. Regular inspections are necessary to identify any issues with the PV system, while cleaning helps to remove dust and debris that may reduce its efficiency. Monitoring the system's performance allows for the identification of changes or issues with its output, and repairs must be done promptly to avoid downtime.

Over time, components of the PV system may need to be replaced, such as damaged panels or inverter that have reached the end of their life. Proper operation and maintenance of a PV system are crucial to ensure it continues to generate clean energy efficiently and reliably for many years. 

KEY FINDINGS

COVID-19 IMPACT

The Disruption of the Supply Chain Had an Effect on Market Growth

The COVID-19 pandemic has had a significant impact on the PV operation and maintenance market. While the renewable energy sector has continued to grow, the pandemic has caused disruptions and challenges for O&M service providers. One of the primary impacts of the pandemic has been on the availability of O&M personnel, with travel restrictions and lockdowns making it difficult for them to access solar power plants. This has led to increased downtime of the PV systems and reduced energy generation, which in turn has affected the revenue of O&M service providers.

LATEST TRENDS

Increasing Demand for Remote Monitoring and Diagnostics Will Boost Market Expansion 

The PV (photovoltaic) operation and maintenance (O&M) market is the increasing adoption of digital technologies and data analytics. With the growth of solar power plants, there is a growing need for efficient and effective O&M services, which digital technologies can help provide. Remote monitoring and diagnostics, for instance, can help O&M service providers monitor the performance of solar power plants in real-time, enabling them to identify potential issues and address them promptly. This can reduce the need for on-site inspections and improve the overall efficiency of the O&M process.

• According to the International Energy Agency (IEA), global solar PV capacity additions reached over 440 GW in 2023, significantly increasing demand for professional operation and maintenance services to manage asset performance.

• As per the Solar Energy Industries Association (SEIA), U.S. utility-scale solar installations crossed 100 GW by early 2024, pushing the PV O&M sector to adopt AI-based diagnostics and drone inspection methods for improved efficiency.

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PV OPERATION AND MAINTENANCE MARKET SEGMENTATION

By Type

By type, the PV operation & maintenance market is segmented into production operation & maintenance management, safety management, quality management, power marketing management, material management and information management.  

The safety management segment will dominate the PV operation & maintenance market in the coming years. 

By Application

Based on applications, the PV operation & maintenance markets are Industrial PV power plant and commercial PV power plant.  

The industrial PV power plant use segment will lead the global share through 2033. 

DRIVING FACTORS

Growing Demand for Renewable Energy Will Increase the Market Growth 

The increasing demand for renewable energy sources, such as solar power, is a key driving factor for the PV operation and maintenance market. As the world becomes more focused on reducing carbon emissions and shifting to cleaner energy sources, solar power is becoming a more popular option. This increased demand for solar power is driving the need for efficient and effective O&M services to ensure the optimal performance and longevity of PV systems.

Government Initiatives and Policies Will Drive Market Growth 

Governments around the world are introducing initiatives and policies aimed at promoting the adoption of renewable energy sources and reducing carbon emissions. These initiatives and policies are driving the growth of the PV O&M market, as they encourage the development of solar power projects and create a favorable environment for O&M service providers.  

• According to India’s Ministry of New and Renewable Energy (MNRE), solar installations surpassed 80 GW by mid-2024, creating a surge in lifecycle management and maintenance contracts in both ground-mounted and rooftop segments.

• As per data from the European Union’s Joint Research Centre, unclean panels can reduce solar power output by up to 30%, driving the need for frequent cleaning, monitoring, and preventive maintenance in PV O&M contracts.

RESTRAINING FACTORS

High Initial Installation Costs Will Hinder Market Growth

The high initial installation costs associated with solar power plants can act as a restraining factor for the PV operation and maintenance market. This is because high installation costs can deter investors from funding solar power projects, which in turn reduces the demand for O&M services. The shortage of skilled personnel in the PV O&M market can also act as a restraining factor. The maintenance of PV systems requires specialized skills and knowledge, and the shortage of skilled personnel can lead to longer lead times for repairs and maintenance, which can increase downtime and reduce energy generation. 

• According to the U.S. Department of Energy (DOE), rural and remote installations account for around 22% of solar PV systems, where lack of local skilled labor raises O&M costs and affects response time for technical failures.

• As per the International Renewable Energy Agency (IRENA), component failure, including inverters and trackers, contributes to 15–20% downtime in PV plants, stressing the need for standardized and cost-effective O&M protocols.

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PV OPERATION AND MAINTENANCE MARKET REGIONAL INSIGHTS

North America to Grow at the Highest PV Operation & Maintenance Market Share During the Forecast Period  

The North American PV operation and maintenance market is expected to grow significantly, driven by the increasing adoption of solar power in the region. The US is the largest market in the region, with a significant number of solar power installations. The focus on reducing carbon emissions and shifting to cleaner energy sources is also driving the growth of the PV O&M market in North America.

The Asia Pacific PV operation and maintenance market is expected to grow significantly, driven by the increasing demand for solar power in the region. China is the largest market in the region, with a significant number of solar power installations. The focus on reducing carbon emissions and shifting to cleaner energy sources is also driving the growth of the PV O&M market in Asia Pacific.

KEY INDUSTRY PLAYERS

Key Players Focus on Partnerships to Gain a Competitive Advantage

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio. 

• Canadian Solar Inc.: According to company data, Canadian Solar manages over 1.8 GW of solar assets under its O&M services across Asia, North America, and Latin America, with predictive analytics tools enhancing uptime.

• LONGi: As per official reports, LONGi provides O&M solutions for more than 2 GW of installed solar systems and has deployed digital platforms in over 25 countries for real-time performance monitoring.

List of Top PV Operation and Maintenance Companies

• Canadian Solar Inc (Canada) 
• LONGi (China)
• Trina Solar (China)
• Jinko Power (China)
• CPS National (U.S.)
• SUNGROW (China)
• Envision (China)
• Jiangsu Zhongtian Technology (China)
• Strata Clean Energy (U.S.)
• State Power Rixin Technology (China)
• Jiangsu Akcome Science & Technology (China)
• JA Solar (China)  

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services, or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes several other factors that have contributed to recent PV operation & maintenance market growth in some regions.