A new Leaderboard Report from Guidehouse Insights evaluates the strategy and execution of 16 solar PV monitoring and control (M&C) system providers, with AlsoEnergy and GreenPowerMonitor ranked as the leading market players.
As renewable energy investments continue to expand and grow rapidly across on-grid and off-grid locations, investments in M&C of these assets have also gained momentum around the globe. M&C can have a significant impact on optimizing the overall levelized cost of energy with the help of sophisticated data analysis and sensors to detect any operational issues across solar PV and wind assets.
“These vendors offer comprehensive and integrated solutions that can be tailored to operate in a wide variety of application segments including distributed and utility-scale solar installations,” says Pritil Gunjan, senior research analyst at Guidehouse Insights. “However, this is a highly competitive market, and trailing companies are rapidly catching up by adding features and moving from pilot deployments to full-scale deployments.”
According to the report, the rapid pace of digitization across the energy sector has fundamentally led to a shift toward capital optimization of asset portfolios, putting more pressure on energy companies to ensure assets are operational. M&C of renewable energy not only refers to the software technology that monitors and controls generation of energy from these assets, but also ensures that the service providers have a holistic approach to strategically manage asset performance optimization. Solar PV M&C vendors and software companies are embracing these value streams to provide added value to customers.
The report, Guidehouse Insights Leaderboard: Solar PV Monitoring and Control Vendors, examines the strategy and execution of 16 leading monitoring and control vendors active in the solar PV market. These vendors are rated on 12 criteria: vision; go-to-market strategy; partners; product integration strategy; technology; geographic reach; sales, marketing, and distribution; product performance; product quality and reliability; product portfolio and ecosystem; pricing; and staying power Using Guidehouse Insights’ proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the growing solar PV M&C market. The report also examines the key hardware and software revenue related to renewables M&C systems. An executive summary of the report is available for free download on the Guidehouse Insights website.