What is the current Smart Solar Solutions Market size?

The Smart Solar Solutions Market is projected to register a CAGR of 14.80% during the forecast period (2024-2029) Read More

Who are the key players in Smart Solar Solutions Market?

Siemens AG, ABB Ltd, Schneider Electric SE, GENERAL ELECTRIC and Itron, Inc. are the major companies operating in the Smart Solar Solutions Market. Read More

Which is the fastest growing region in Smart Solar Solutions Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Smart Solar Solutions Market?

In 2024, the Asia Pacific accounts for the largest market share in Smart Solar Solutions Market. Read More

What years does this Smart Solar Solutions Market cover?

The report covers the Smart Solar Solutions Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Solar Solutions Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Smart Solar Solutions Market - Size, Segmentation & Companies

Smart Solar Solutions Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Solar Software Solutions Market Analysis and is segmented by Product (Photovoltaic Cells, Photovoltaic Panels, Inverters, Generators, and other Products), Solution (Asset Management, Network Monitoring, Meter Data Management, and Remote Metering), End-user Application (Commercial, Industrial, and Residential), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa). The market sizes and forecasts are provided in terms of value (USD Billion) for all the above segments.

Smart Solar Solutions Industry Overview

The smart solar solutions market is highly fragmented, with many niche players and industry leaders like Siemens AG, ABB Ltd, General Electric, and Schneider Electric SE occupying the market share. The trend in the solar software space is towards fragmentation as companies are looking for multiple tailored solutions to their specific challenges instead of technology solutions that can do multiple things simultaneously.

In January 2023, Itron, Inc. extended its distributed intelligence (DI) platform to enable intelligence in any device, accelerating the energy transition. The company unveiled its new DI network interface card (NIC) that enables edge computing in third-party devices, moving grid analysis, decision-making, and control to the grid's edge, resulting in a significant improvement in time to action, greatly improved situational awareness, more accurate analysis, and advanced event detection. The first-of-its-kind DI NIC will be pivotal in creating new applications for integrating distributed energy resources, such as electric vehicles and solar, into the low-voltage network.

In December 2022, Nextracker, the leading global provider of intelligent solar tracker and software solutions, signed a master supply agreement (MSA) with Amara Raja Power Systems Limited to deliver its award-winning solar trackers for National Thermal Power Corporation (NTPC) Limited's Nokh Solar Project - soon to be one of India's largest solar parks.