Global Photovoltaic Software Market Size is valued at USD 967.2 Million in 2024 and is predicted to reach USD 2253.1 Million by the year 2034 at an 8.9% CAGR during the forecast period for 2025-2034.
Solar manufacturers may construct projects that appropriately match the client's needs thanks to photovoltaic design and simulation software, allowing them to project detailed simulation data on the project's functioning. Most solar software incorporates financial feasibility modelling, allowing developers and their clients to assess the projects' economic benefits. The demand for software-based solutions and services in this industry has expanded as solar rooftop installations become more popular globally. Photovoltaic software has gone a long way in recent years, from software used to design and simulate solar installations to monitoring projects to software used to increase manufacturer sales.
The primary drivers of the photovoltaic software market have been the rising demand for solar rooftop installations as the world moves away from fossil fuels and government initiatives worldwide to promote solar energy generation. Most nations are building new solar power facilities or expanding the capacity of their current ones in order to satisfy the rising demand. During the projected period, this is anticipated to fuel the expansion of the solar power market. The market is anticipated to be driven by rising demand for software solutions for asset management, monitoring, and impromptu project ideas.
The scarcity of workers with the necessary skills has been one of the PV industry's main issues. Solar or PV systems need a lot of land for utility purposes. There is little probability that solar power plants will coexist with agricultural operations, in contrast to wind power. Acquiring suitable land is a key issue. It is projected that factors like expensive installation, storage, and power conversion equipment costs, as well as low PV module efficiency, will limit the growth of this market.
The Photovoltaic Software Market is segmented on the basis of Component, Application, Device Type, and End-User. Based on Component, the market is categorized as Solutions and Services. Based on Application, the market is segmented as Automation Software, Planning Software, CAD (Computer-Aided Design) Software, Operations Software, Monitoring Software, Maintenance & Management Software. Based on Device Type, the market is segmented as Mobile Software and PC Software. Based on End-User, the market is segmented into Residential, Industrial, and Research Institutions.
Of all the segments, the industrial one is predicted to develop at the quickest rate. In order to meet their needs, industrial end-users use photovoltaic software for project design, sales optimization, project monitoring, and customer-facing software. The main driver of this market has been the extensive functionality that commercial users need to satisfy both their and clients' needs. Governments in several nations, including those in India, China, and the US, provide financial incentives and tax breaks to industrial users who install PV systems, which is anticipated to drive the market's expansion for these systems in industrial applications throughout the course of the forecast period. Extra-large rooftop solar PV systems have been used in order to adopt large-scale storage systems to protect against variations in peak demand power supply and store the needed power in batteries. It is anticipated that rising energy consumption brought on by industrialization and population increase will propel segment expansion.
It's expected that North America will control a significant portion of the market. The North American region has been the epicenter of software innovation for the past few decades. This, together with the governments' active promotion of renewable energy sources in the region, has contributed to the region's domination of the global photovoltaic software market. High power demand, rising living standards, and adequate solar irradiation are a few of the major drivers of the area's market's expansion. The major drivers of the market's growth include favourable rules, targets for renewable energy, and an increase in the number of solar farms. The region is the most significant manufacturer and consumer in terms of PV modules and related PV components. The demand for PV systems in the region is anticipated to increase over the course of the forecast period as a result of several initiatives and advantageous policies by governments of various regions to encourage the usage of solar energy.
Photovoltaic Software Market Report Scope
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 967.2 Million |
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Revenue Forecast In 2034 |
USD 2253.1 Million |
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Growth rate CAGR |
CAGR of 8.9 % from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Million and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
Component, Application, Device Type, End-User |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
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. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Photovoltaic Software Market Snapshot
Chapter 4. Global Photovoltaic Software Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Component Estimates & Trend Analysis
5.1. By Component & Market Share, 2024 & 2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Component:
5.2.1. Solutions
5.2.2. Services
Chapter 6. Market Segmentation 2: By Application Estimates & Trend Analysis
6.1. By Application & Market Share, 2024 & 2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Application:
6.2.1. Automation Software
6.2.2. Planning Software
6.2.3. CAD (Computer-Aided Design) Software
6.2.4. Operations Software
6.2.5. Monitoring Software
6.2.6. Maintenance & Management Software
Chapter 7. Market Segmentation 3: By Device Type Estimates & Trend Analysis
7.1. By Device Type & Market Share, 2024 & 2034
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Device Type:
7.2.1. Mobile Software
7.2.2. PC Software
Chapter 8. Market Segmentation 4: By End-User Estimates & Trend Analysis
8.1. By End-User & Market Share, 2024 & 2034
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By End-User:
8.2.1. Residential
8.2.2. Industrial
8.2.3. Research Institutions
Chapter 9. Photovoltaic Software Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. North America
9.1.1. North America Photovoltaic Software Market revenue (US$ Million) estimates and forecasts By Component, 2021-2034
9.1.2. North America Photovoltaic Software Market revenue (US$ Million) estimates and forecasts By Application, 2021-2034
9.1.3. North America Photovoltaic Software Market revenue (US$ Million) estimates and forecasts by Device Type, 2021-2034
9.1.4. North America Photovoltaic Software Market revenue (US$ Million) estimates and forecasts By End-user,2021-2034
9.1.5. North America Photovoltaic Software Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
9.2. Europe
9.2.1. Europe Photovoltaic Software Market revenue (US$ Million) By Component, 2021-2034
9.2.2. Europe Photovoltaic Software Market revenue (US$ Million) By Application, 2021-2034
9.2.3. Europe Photovoltaic Software Market revenue (US$ Million) estimates and forecasts by Device Type, 2021-2034
9.2.4. Europe Photovoltaic Software Market revenue (US$ Million) estimates and forecasts By End-user,2021-2034
9.2.5. Europe Photovoltaic Software Market revenue (US$ Million) by country, 2021-2034
9.3. Asia Pacific
9.3.1. Asia Pacific Photovoltaic Software Market revenue (US$ Million) By Component, 2021-2034
9.3.2. Asia Pacific Photovoltaic Software Market revenue (US$ Million) By Application, 2021-2034
9.3.3. Asia Pacific Photovoltaic Software Market revenue (US$ Million) estimates and forecasts by Device Type, 2021-2034
9.3.4. Asia Pacific Photovoltaic Software Market revenue (US$ Million) estimates and forecasts By End-user,2021-2034
9.3.5. Asia Pacific Photovoltaic Software Market revenue (US$ Million) by country, 2021-2034
9.4. Latin America
9.4.1. Latin America Photovoltaic Software Market revenue (US$ Million) By Component, 2021-2034
9.4.2. Latin America Photovoltaic Software Market revenue (US$ Million) By Application, 2021-2034
9.4.3. Latin America Photovoltaic Software Market revenue (US$ Million) estimates and forecasts by Device Type, 2021-2034
9.4.4. Latin America Photovoltaic Software Market revenue (US$ Million) estimates and forecasts By End-user,2021-2034
9.4.5. Latin America Photovoltaic Software Market revenue (US$ Million) by country, 2021-2034
9.5. Middle East & Africa
9.5.1. Middle East & Africa Photovoltaic Software Market revenue (US$ Million) By Component, 2021-2034
9.5.2. Middle East & Africa Photovoltaic Software Market revenue (US$ Million) By Application, 2021-2034
9.5.3. Middle East & Africa Photovoltaic Software Market revenue (US$ Million) estimates and forecasts by Device Type, 2021-2034
9.5.4. Middle East & Africa Photovoltaic Software Market revenue (US$ Million) estimates and forecasts By End-user,2021-2034
9.5.5. Middle East & Africa Photovoltaic Software Market revenue (US$ Million) by country, 2021-2034
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. PVSyst,
10.2.2. Homer Energy,
10.2.3. Greenius,
10.2.4. SunSniffer,
10.2.5. Folsom Labs,
10.2.6. Aurora Solar,
10.2.7. Energy Toolbase,
10.2.8. Schneider Electric,
10.2.9. Tigo Energy,
10.2.10. Verdino,
10.2.11. Blu Banyan,
10.2.12. Scanifly,
10.2.13. Softdisk,
10.2.14. SunbaseData,
10.2.15. Ardexa Pty Ltd.,
10.2.16. AZZO,
10.2.17. Nextracker,
10.2.18. SMA America,
10.2.19. Solar Data Systems,
10.2.20. SolarView Technologies,
10.2.21. PowerHub,
10.2.22. Heliolytics,
10.2.23. geothinQ,
10.2.24. Valentin Software
10.2.25. Other Prominent Players
By Component
By Application
By Device Type
By End-User
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
Rest of Middle East and Africa
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
