All Reports
2Q 2023

Renewables Monitoring & Control and Asset Management

Solar, Energy Storage, and Wind Asset Management: Global Market Analysis and Forecasts: 2022-2031

In the wider energy value chain, utilities are becoming more interested in advanced solutions for renewable asset management. As markets shift away from direct incentives, such as ROI tied to performance, and as regulators introduce more stringent grid codes, operators are taking advantage of the opportunity to retrofit first-generation renewable energy plants with more advanced solutions. This report examines these market dynamics and the effects of new technologies and regulatory requirements on renewable asset management solutions.

Key factors driving adoption of asset management solutions in the renewable energy space include the drive to reduce operational costs and to increase resilience of networks, as well as improvements in technical infrastructure allowing for a transition to cloud-based monitoring tools. On the other hand, certain stakeholders are still reluctant to implement the new technology, owing to factors such as complexity of regulations and standards, the lack of high-quality data, and interdepartmental siloes.

This Guidehouse Insights report focuses on utility-scale monitoring and control in three sectors: solar, energy storage, and wind. Revenues for energy storage and wind are broken out into initial license fees and recurring or annual fees. Forecasts are also provided for the expected investment in renewable asset management by global region through 2031.

Pages 34
Tables | Charts | Figures 35
  • How are utilities adopting renewable asset management technology?
  • What are the benefits for utilities to adopt renewable asset management?
  • What are the barriers to greater adoption?
  • How does renewable asset management adoption differ across regions?
  • How will the renewable asset management market develop in the next decade?
  • Utilities
  • Software as a service and cloud companies
  • Solar PV and inverter manufacturers
  • Wind energy equipment manufacturers
  • Government energy agencies

1. Executive Summary

1.1      Introduction

1.2      Report Scope

1.3      Global Forecast

2. Market Issues

2.1      Monitoring & Control and Asset Management Definitions

2.1.1     Solar PV

2.1.2     Energy Storage

2.1.3     Wind

2.2      Market Drivers

2.3      Market Barriers

2.4      Pricing Insights and Key Trends

3. Industry Value Chain

3.1      M&C and Asset Management Value Chain

3.1.1     Solar PV

3.1.2     Energy Storage

3.1.3     Wind

3.2      Competitive Landscape

3.2.1     Merger and Acquisition Activities

3.2.2     Regulatory Landscape

4. Market Forecasts

4.1      Forecast Methodology

4.2      Market Forecast

4.2.1     North America

4.2.2     Europe

4.2.3     Asia Pacific

4.2.4     Latin America

4.2.5     Middle East & Africa

5. Conclusion and Recommendations

5.1      Key Recommendations

6. Acronym and Abbreviation List

7. Table of Contents

8. Table of Charts and Figures

9. Scope of Study, Sources and Methodology, Notes

  • Renewables M&C and Asset Management Spending by Region, World Markets: 2022-2031
  • Renewables M&C and Asset Management Spending by Asset, World Markets: 2022-2031
  • Renewables M&C and Asset Management Spending by Asset, North America: 2022-2031
  • Renewables M&C and Asset Management Spending by Asset, Europe: 2022-2031
  • Renewables M&C and Asset Management Spending by Asset, Asia Pacific: 2022-2031
  • Renewables M&C and Asset Management Spending by Asset, Latin America: 2022-2031
  • Renewables M&C and Asset Management Spending by Asset, Middle East & Africa: 2022-2031
  • Energy Storage Project Value Chain
  • ESS Software Core Operating Modules
  • Renewables M&C and Asset Management Spending by Region, World Markets: 2022-2031
  • Renewables M&C and Asset Management Spending by Segment, World Markets: 2022-2031
  • Renewables M&C and Asset Management Spending by Segment, North America: 2022-2031
  • Renewables M&C and Asset Management Spending by Segment, Europe: 2022-2031
  • Renewables M&C and Asset Management Spending by Segment, Asia Pacific: 2022-2031
  • Renewables M&C and Asset Management Spending by Segment, Latin America: 2022-2031
  • Renewables M&C and Asset Management Spending by Segment, Middle East & Africa: 2022-2031
  • Solar PV M&C and Asset Management Spending by  Category, North America: 2022-2031
  • Solar PV M&C and Asset Management Spending by Category, Europe: 2022-2031
  • Solar PV M&C and Asset Management Spending by Category, Asia Pacific: 2022-2031
  • Solar PV M&C and Asset Management Spending by Category, Latin America: 2022-2031
  • Solar PV M&C and Asset Management Spending by Category, Middle East & Africa: 2022-2031
  • Energy Storage M&C and Asset Management Spending by  Category, North America: 2022-2031
  • Energy Storage M&C and Asset Management Spending by Category, Europe: 2022-2031
  • Energy Storage M&C and Asset Management Spending by Category, Asia Pacific: 2022-2031
  • Energy Storage M&C and Asset Management Spending by Category, Latin America: 2022-2031
  • Energy Storage M&C and Asset Management Spending by Category, Middle East & Africa: 2022-2031
  • Wind M&C and Asset Management Spending by  Category, North America: 2022-2031
  • Wind M&C and Asset Management Spending by Category, Europe: 2022-2031
  • Wind M&C and Asset Management Spending by Category, Asia Pacific: 2022-2031
  • Wind M&C and Asset Management Spending by Category, Latin America: 2022-2031
  • Wind M&C and Asset Management Spending by Category, Middle East & Africa: 2022-2031
  • Solar PV M&C Pricing Insights
  • Energy Storage M&C Pricing Insights
  • Key Differentiators: Independent Solutions Providers
  • Renewable Asset Management Mergers and Acquisitions
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