Global annual solar PV repairs and maintenance market to hit $9bn

SMART ENERGY INTERNATIONAL | Annual solar PV repairs and maintenance spend will grow to $9 billion by 2025, according to a new study released by Wood Mackenzie.

Solar energy systems nearing inverter end of life currently sit at 5% of the global PV market and are expected to increase to 16% or 227GW of all solar systems by 2025.

Repairing and maintaining non-residential solar PV systems will generate $9.4 billion by 2025, of which $4.1 billion will come from the APAC region, $3.5 billion from the EMEA region and $1.8 billion from the AMER region.

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