Photovoltaic Software Market

Global Photovoltaic Software Market Size, Trends & Analysis - Forecasts to 2026 By Component (Solutions and Services), By Application (Design and Simulation Software, Asset Management Software, Sales Software, and Monitoring Software), By Device Type (Mobile Software, PC Software) By End-User (Residential, Industrial, and Research Institutions), Competitive Landscape Company Market Share Analysis, and Competitor Analysis

Category Electronics, Semiconductors and Information & Communication Technology

Format

This report was recently updated on December 18 2024 with the latest and most recent market numbers

Photovoltaic Software Market Insights

The global photovoltaic software market is projected to grow at a CAGR value of 7.28% during the forecast period [2021 to 2026]. Increasing demand for solar rooftop installations across the globe has resulted in an increased demand for software-based solutions and services in this sector. Photovoltaic software has come a long way in recent years, starting from software used to design and simulate solar installations to monitoring projects, and software used to enhance sales of manufacturers.

Photovoltaic design and simulation software allow solar manufacturers to generate projects that meet the specific requirements of the client and allow them to project comprehensive simulation data on the running of the project. Most photovoltaic software comes with financial feasibility modeling that helps manufacturers and their clients to weigh the benefits of the projects from a financial standpoint. Increasing demand for solar rooftop installations along with a large number of solar vendors in the market has resulted in vendors requiring spontaneous financial modeling and proposals to meet client demands.

Photovoltaic software has been developed to enhance the sales capabilities of solar vendors to attract more consumers. Software like Folsom Labs’ HelioScope Proposals and Scanify’s Share Tool To Close Sales have reduced the amount of time it takes the sales team to come up with customized interactive proposals for client outreach. Monitoring and asset management software solutions and services have also become increasingly popular in recent years as such project monitoring and management allows the end-user to maximize their energy production and generate the highest revenues possible.

The increased demand for solar rooftop installations as the world moves away from fossil fuels combined with government initiatives across the globe to increase solar energy production have been the major drivers of the photovoltaic software market. Growing demand for spontaneous project proposals, financial feasibility modeling, asset management, and monitoring software solutions are expected to drive the market from 2021 to 2026.

global photovoltaic software market

Photovoltaic Software Market: By Component

Based on the component, the photovoltaic software market is largely divided into solutions and services. The solutions segment holds the dominant position among the other two segments. Solutions-based software is used extensively in the design and modeling of photovoltaic projects and is a key component of any solar project. Along with modeling and design solutions, there is a large demand for asset management and project monitoring software which has resulted in the dominant share of the solutions segment. The services segment is expected to grow rapidly in the coming years. The growing demand for efficient sales proposals and consumer-facing software that will allow for a greater understanding of their energy demand and production capabilities is expected to increase the demand for photovoltaic software services from 2021 to 2026.

Photovoltaic Software Market: By Type

Based on the various types of photovoltaic software available, the market can be classified into design and simulation software, asset management software, sales software, and monitoring software. The design and simulation software held the lion’s share of the market. Historically, design and simulation software has been the first entrants into the photovoltaic software market. Such software is used extensively by solar manufacturers and research institutions to study the capabilities and limitations of the proposed project. The growing number of solar projects and the growing interest in new projects are expected to further drive this segment in the coming years.

Photovoltaic Software Market: By Device Type

Technological advancements have increased the platforms on which photovoltaic software can be run, this allows the photovoltaic software market to be segmented into mobile software and PC software. The PC software segment held the bulk of the photovoltaic market. Photovoltaic software especially design and simulation software relies on heavy-duty hardware to run smoothly which is not available in mobile devices. Personal computers are more extensively utilized in workplaces and most software are developed for computers first and foremost. The mobile software segment is expected to grow significantly from 2021 to 2026. The increasing number of sales software and growing demand for monitoring software from end-users are expected to increase the demand for mobile software.

Photovoltaic Software Market: By End-User

Photovoltaic software has seen an increase in functionality that has increased the type of end-users who are turning to such software solutions and services. Residential, industrial, and research institutions are the classifications of photovoltaic software end-users. The industrial segment is expected to register the fastest growth rate among all segments. Industrial end-users utilize photovoltaic software in designing their projects, enhancing sales, monitoring projects, and customer-facing software to meet their demands. The large functionality required by commercial users to meet both their demands and the client’s demands has been the major driver of this segment.

asia pacific photovoltaic software market.

Photovoltaic Software Market: By Region

Based on the regional analysis the photovoltaic software market can be segmented into North America, Europe, APAC, Middle East and Africa, and Central and South America. North America (the United States, Canada, and Mexico) is expected to hold a dominant share of the market as per geographical constraints. The North American region has been the cradle of software innovation in the past few decades, combined with the extensive push for renewable energy by the governments in the region has resulted in the region holding a dominant share of the global photovoltaic market. The region has a large number of photovoltaic manufacturers who are dependent on software solutions and services for enhancing their products.

The Asia Pacific region is expected to grow at a significant rate during the forecast period. The region has seen the launch of various types of photovoltaic projects by governments especially in countries like China and India as they try to reduce their carbon footprint. India especially has become a hotbed for photovoltaic projects as solar installations are becoming cheaper by the year. The growing research output in China and India has also contributed to the increasing demand for design and simulation photovoltaic software in the region.

Photovoltaic Software Market Share and Competitor Analysis

PVSyst, Homer Energy, Greenius, SunSniffer, Folsom Labs, Aurora Solar, Energy Toolbase, Schneider Electric, Tigo Energy, Verdiseno, Blu Banyan, Scanifly, Sofdesk, SunbaseData, Ardexa Pty Ltd., AZZO, Nextracker, SMA America, Solar Data Systems, SolarView Technologies, PowerHub, Heliolytics, geothinQ, Valentin Software among others are the key players in the photovoltaic software market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview and Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Photovoltaic Software Industry Overview, 2021-2026

2.1.1 Industry Overview

2.1.2 Component Overview

2.1.3 Application Overview

2.1.4 Device Type Overview

2.1.5 End-User Overview

2.1.6 Regional Overview

Chapter 3 Photovoltaic Software Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2021-2026

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 Advancements in the software development sector

3.3.1.2 Growing number of solar projects across the globe

3.3.2 Industry Challenges

3.3.2.1 High up-front expense

3.4 Prospective Growth Scenario

3.4.1 Component Growth Scenario

3.4.2 Application Growth Scenario

3.4.3 Device Type Growth Scenario

3.4.4 End-User Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 End-User Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 Photovoltaic Software Market, By Component

4.1 Component Outlook

4.2 Solutions

4.2.1 Market Size, By Region, 2021-2026 (USD Million)

4.3 Services

4.3.1 Market Size, By Region, 2021-2026 (USD Million)

Chapter 5 Photovoltaic Software Market, By Application

5.1 Application Outlook

5.2 Design and Simulation Software

5.2.1 Market Size, By Region, 2021-2026 (USD Million)

5.3 Asset Management Software

5.3.1 Market Size, By Region, 2021-2026 (USD Million)

5.4 Sales Software

5.4.1 Market Size, By Region, 2021-2026 (USD Million)

5.5 Monitoring Software

5.5.1 Market Size, By Region, 2021-2026 (USD Million)

Chapter 6 Photovoltaic Software Market, By Device Type

6.1 Mobile Software

6.1.1 Market Size, By Region, 2021-2026 (USD Million)

6.2 PC Software

6.2.1 Market Size, By Region, 2021-2026 (USD Million)

Chapter 7 Photovoltaic Software Market, By End-User

7.1 Residential

7.1.1 Market Size, By Region, 2021-2026 (USD Million)

7.2 Industrial

7.2.1 Market Size, By Region, 2021-2026 (USD Million)

7.2 Research Institutions

7.2.1 Market Size, By Region, 2021-2026 (USD Million)

Chapter 8 Photovoltaic Software Market, By Region

8.1 Regional outlook

8.2 North America

8.2.1 Market Size, By Country 2021-2026 (USD Million)

8.2.2 Market Size, By Component, 2021-2026 (USD Million)

8.2.3 Market Size, By Application, 2021-2026 (USD Million)

8.2.4 Market Size, By Device Type, 2021-2026 (USD Million)

8.2.5 Market Size, By End-User, 2021-2026 (USD Million)

8.2.6 U.S.

8.2.6.1 Market Size, By Component, 2021-2026 (USD Million)

8.2.4.2 Market Size, By Application, 2021-2026 (USD Million)

8.2.4.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.2.4.4 Market Size, By End-User, 2021-2026 (USD Million)

8.2.7 Canada

8.2.7.1 Market Size, By Component, 2021-2026 (USD Million)

8.2.7.2 Market Size, By Application, 2021-2026 (USD Million)

8.2.7.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.2.7.4 Market Size, By End-User, 2021-2026 (USD Million)

8.3 Europe

8.3.1 Market Size, By Country 2021-2026 (USD Million)

8.3.2 Market Size, By Component, 2021-2026 (USD Million)

8.3.3 Market Size, By Application, 2021-2026 (USD Million)

8.3.4 Market Size, By Device Type, 2021-2026 (USD Million)

8.3.5 Market Size, By End-User, 2021-2026 (USD Million)

8.3.6 Germany

8.3.6.1 Market Size, By Component, 2021-2026 (USD Million)

8.3.6.2 Market Size, By Application, 2021-2026 (USD Million)

8.3.6.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.3.6.4 Market Size, By End-User, 2021-2026 (USD Million)

8.3.7 UK

8.3.7.1 Market Size, By Component, 2021-2026 (USD Million)

8.3.7.2 Market Size, By Application, 2021-2026 (USD Million)

8.3.7.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.3.7.4 Market Size, By End-User, 2021-2026 (USD Million)

8.3.8 France

8.3.8.1 Market Size, By Component, 2021-2026 (USD Million)

8.3.8.2 Market Size, By Application, 2021-2026 (USD Million)

8.3.8.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.3.8.4 Market Size, By End-User, 2021-2026 (USD Million)

8.3.9 Italy

8.3.9.1 Market Size, By Component, 2021-2026 (USD Million)

8.3.9.2 Market Size, By Application, 2021-2026 (USD Million)

8.3.9.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.3.9.4 Market Size, By End-User, 2021-2026 (USD Million)

8.3.10 Spain

8.3.10.1 Market Size, By Component, 2021-2026 (USD Million)

8.3.10.2 Market Size, By Application, 2021-2026 (USD Million)

8.3.10.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.3.10.4 Market Size, By End-User, 2021-2026 (USD Million)

8.3.11 Russia

8.3.11.1 Market Size, By Component, 2021-2026 (USD Million)

8.3.11.2 Market Size, By Application, 2021-2026 (USD Million)

8.3.11.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.3.11.4 Market Size, By End-User, 2021-2026 (USD Million)

8.4 Asia Pacific

8.4.1 Market Size, By Country 2021-2026 (USD Million)

8.4.2 Market Size, By Component, 2021-2026 (USD Million)

8.4.3 Market Size, By Application, 2021-2026 (USD Million)

8.4.4 Market Size, By Device Type, 2021-2026 (USD Million)

8.4.5 Market Size, By End-User, 2021-2026 (USD Million)

8.4.6 China

8.4.6.1 Market Size, By Component, 2021-2026 (USD Million)

8.4.6.2 Market Size, By Application, 2021-2026 (USD Million)

8.4.6.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.4.6.4 Market Size, By End-User, 2021-2026 (USD Million)

8.4.7 India

8.4.7.1 Market Size, By Component, 2021-2026 (USD Million)

8.4.7.2 Market Size, By Application, 2021-2026 (USD Million)

8.4.7.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.4.7.4 Market Size, By End-User, 2021-2026 (USD Million)

8.4.8 Japan

8.4.8.1 Market Size, By Component, 2021-2026 (USD Million)

8.4.8.2 Market Size, By Application, 2021-2026 (USD Million)

8.4.8.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.4.8.4 Market Size, By End-User, 2021-2026 (USD Million)

8.4.9 Australia

8.4.9.1 Market Size, By Component, 2021-2026 (USD Million)

8.4.9.2 Market size, By Application, 2021-2026 (USD Million)

8.4.9.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.4.9.4 Market Size, By End-User, 2021-2026 (USD Million)

8.4.10 South Korea

8.4.10.1 Market Size, By Component, 2021-2026 (USD Million)

8.4.10.2 Market Size, By Application, 2021-2026 (USD Million)

8.4.10.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.4.10.4 Market Size, By End-User, 2021-2026 (USD Million)

8.5 Latin America

8.5.1 Market Size, By Country 2021-2026 (USD Million)

8.5.2 Market Size, By Component, 2021-2026 (USD Million)

8.5.3 Market Size, By Application, 2021-2026 (USD Million)

8.5.4 Market Size, By Device Type, 2021-2026 (USD Million)

8.5.5 Market Size, By End-User, 2021-2026 (USD Million)

8.5.6 Brazil

8.5.6.1 Market Size, By Component, 2021-2026 (USD Million)

8.5.6.2 Market Size, By Application, 2021-2026 (USD Million)

8.5.6.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.5.6.4 Market Size, By End-User, 2021-2026 (USD Million)

8.5.7 Mexico

8.5.7.1 Market Size, By Component, 2021-2026 (USD Million)

8.5.7.2 Market Size, By Application, 2021-2026 (USD Million)

8.5.7.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.5.7.4 Market Size, By End-User, 2021-2026 (USD Million)

8.5.8 Argentina

8.5.8.1 Market Size, By Component, 2021-2026 (USD Million)

8.5.8.2 Market Size, By Application, 2021-2026 (USD Million)

8.5.8.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.5.8.4 Market Size, By End-User, 2021-2026 (USD Million)

8.6 MEA

8.6.1 Market Size, By Country 2021-2026 (USD Million)

8.6.2 Market Size, By Component, 2021-2026 (USD Million)

8.6.3 Market Size, By Application, 2021-2026 (USD Million)

8.6.4 Market Size, By Device Type, 2021-2026 (USD Million)

8.6.5 Market Size, By End-User, 2021-2026 (USD Million)

8.6.6 Saudi Arabia

8.6.6.1 Market Size, By Component, 2021-2026 (USD Million)

8.6.6.2 Market Size, By Application, 2021-2026 (USD Million)

8.6.6.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.6.6.4 Market Size, By End-User, 2021-2026 (USD Million)

8.6.7 UAE

8.6.7.1 Market Size, By Component, 2021-2026 (USD Million)

8.6.7.2 Market Size, By Application, 2021-2026 (USD Million)

8.6.7.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.6.7.4 Market Size, By End-User, 2021-2026 (USD Million)

8.6.8 South Africa

8.6.8.1 Market Size, By Component, 2021-2026 (USD Million)

8.6.8.2 Market Size, By Application, 2021-2026 (USD Million)

8.6.8.3 Market Size, By Device Type, 2021-2026 (USD Million)

8.6.8.4 Market Size, By End-User, 2021-2026 (USD Million)

Chapter 9 Company Landscape

9.1 Competitive Analysis, 2020

9.2 PVSyst

9.2.1 Company Overview

9.2.2 Financial Analysis

9.2.3 Strategic Positioning

9.2.4 Info Graphic Analysis

9.3 Homer Energy

9.3.1 Company Overview

9.3.2 Financial Analysis

9.3.3 Strategic Positioning

9.3.4 Info Graphic Analysis

9.4 Greenius

9.4.1 Company Overview

9.4.2 Financial Analysis

9.4.3 Strategic Positioning

9.4.4 Info Graphic Analysis

9.5 SunSniffer

9.5.1 Company Overview

9.5.2 Financial Analysis

9.5.3 Strategic Positioning

9.5.4 Info Graphic Analysis

9.6 Folsom Labs

9.6.1 Company Overview

9.6.2 Financial Analysis

9.6.3 Strategic Positioning

9.6.4 Info Graphic Analysis

9.7 Aurora Solar

9.7.1 Company Overview

9.7.2 Financial Analysis

9.7.3 Strategic Positioning

9.7.4 Info Graphic Analysis

9.8 Energy Toolbase

9.8.1 Company Overview

9.8.2 Financial Analysis

9.8.3 Strategic Positioning

9.8.4 Info Graphic Analysis

9.9 Schneider Electric

9.9.1 Company Overview

9.9.2 Financial Analysis

9.9.3 Strategic Positioning

9.9.4 Info Graphic Analysis

9.10 Tigo Energy

9.10.1 Company Overview

9.10.2 Financial Analysis

9.10.3 Strategic Positioning

9.10.4 Info Graphic Analysis

9.11 Other Companies

9.11.1 Company Overview

9.11.2 Financial Analysis

9.11.3 Strategic Positioning

9.11.4 Info Graphic Analysis

The Global Photovoltaic Software Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Photovoltaic Software Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global photovoltaic software market?

The global photovoltaic software market size is projected to grow at a CAGR of 7.28% during the forecast period.

Who are the major vendors in the photovoltaic software market?

Key and innovative vendors in the photovoltaic software market include PVSyst, Homer Energy, Greenius, SunSniffer, Folsom Labs, Aurora Solar, Energy Toolbase, Schneider Electric, Tigo Energy, Verdiseno, Blu Banyan, Scanifly, Sofdesk, SunbaseData, Ardexa Pty Ltd., AZZO, Nextracker, SMA America, Solar Data Systems, SolarView Technologies, PowerHub, Heliolytics, geothinQ, and Valentin Software.

Which region has the highest market share in the photovoltaic software market?

North America is estimated to hold the highest market share in the photovoltaic software market.

What is the Covid-19 impact on future photovoltaic software manufacturers?

Globally, Covid-19 impact on the future photovoltaic software market will be quite significant for the manufacturers. North America would be leading because of the extensive software innovation combined with the extensive push for renewable energy by the governments. Subsequently, the Asia Pacific market will be growing the fastest because of the growing research output in China and India.

What are the major drivers in the photovoltaic software market?

The major driving factors for the photovoltaic software market include the increasing demand for solar rooftop installations along with a large number of solar vendors; government initiatives across the globe to increase solar energy; growing demand for spontaneous project proposals, financial feasibility modeling, asset management, and monitoring software solutions.