Saturday, January 16, 2016

Market for MW-scale PV-related activities to surpass 133 GW worldwide by end-2015

According to GTM's latest report released recently, Megawatt-Scale PV O&M and Asset Management 2015-2020, the total market for megawatt-scale Operation & Maintenance (O&M) and Asset Management (AM) is expected to surpass 133 GW worldwide by the end of 2015.

Megawatt-scale PV refers to installations/activities in access of 1 MW which means residential solar PV and other smaller solar farms are excluded.

The research firm further stated that total market will more than triple by 2020 to exceed 488 GW worldwide, driven predominantly by China, the U.S., India and Japan.

Major vendors. Source: Periodical e-mail updates from GreentechMedia

The research finding provides global and country-specific competitive landscape analysis, market sizing and forecasts, current and emerging trends and strategies, as well as service scope and price levels for a variety of plant sizes.

It also provides profile of 57 vendors in the O&M and Asset Management space including services offered, in/out-sourcing policies and fleet size by key country.

Comprehensive geographical coverage 

With every major markets being covered in the research, there's a fair chance that you would get an informed decision in your renewable energy projects, in particular solar PV. The report is available for a fee but for the industry players, this should be considered as small cost to doing business. As for the rest of us readers, we'll have to be contented with just the bits and pieces of information released by GTM later (probably, with no time frame).

Markets covered includes Brazil, Canada, Chile, China, France, Germany, India, Italy, Japan, Mexico, South Africa, Spain, Thailand, United Kingdom, and United States.

The Green Mechanics: If I were to be a member of the management team of SEDA Malaysia, I would strongly recommend that we get a copy of the report.

Source: GTM

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