Global Solar PV O&M Market Reaches 348 GWdc As Vendor Consolidation Accelerates—Wood Mackenzie Report

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The global solar photovoltaic operations and maintenance market has risen significantly to 348 GWdc, driven by increased solar installations and the need for efficient asset management. Independent service providers dominate, holding a 40% market share. Regional trends vary, with the Americas experiencing high costs, while Asia Pacific leads in cost-competitiveness. Service strategies are evolving, emphasizing outsourcing for labor-intensive tasks and integrating energy storage.

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