Leading providers demonstrate innovative M&C offerings, robust portfolios, and market reach
BOULDER, Colo., Aug. 16, 2022 /PRNewswire/ -- A new report from Guidehouse Insights identifies the top monitoring and control (M&C) vendors in the industry for solar and storage. These M&C solution providers represent diverse vendors across a competitive and continually innovating landscape.
As solar and storage system deployments continue to increase globally, asset owners and customers are demanding more flexibility and efficiency from their systems. M&C vendors are well-placed in the solar and storage industry to provide offerings that allow for detailed asset management. According to a Leaderboard report from Guidehouse Insights, AlsoEnergy, GreenPowerMonitor, and PowerFactors are the leading solar and storage M&C vendors.
"Many M&C vendors have surfaced as industry leaders in this market. These include diverse companies that offer a range of products and services for M&C applications," says Maria Chavez, research analyst with Guidehouse Insights. "As the demand for flexible and efficient solar and storage systems rises, these solutions providers are tasked with maintaining adaptable and innovative features for their clients."
According to Guidehouse Insights, by 2031, solar and storage M&C revenues are expected to reach approximately $3 billion, which is especially critical given the high upfront costs of solar PV and storage systems. M&C capabilities allow for optimized use of an asset using real-time data and as a result, they facilitate cost-effective management. Leaders demonstrate innovative M&C offerings, robust portfolios, and market reach, according to the report.
The report, Guidehouse Insights Leaderboard: Solar and Storage Monitoring and Control Vendors, outlines key trends and industry players currently active in the M&C space. Competitors were scored on Strategy and Execution and their offerings reviewed. Although many other players have shown excellent offerings in the M&C space, AlsoEnergy, Power Factors (Inaccess), and GreenPowerMonitor stood out as Leaders. Other vendors, such as meteocontrol, Trimark Associates, and SMA Solar Technology, are also highlighted. As M&C can be a rapidly evolving set of technologies, more advancements—especially in AI and machine learning—will take place in coming years. Because of rapid innovation in this market, Guidehouse Insights will keep a close eye on the competitive landscape and its evolution. An executive summary of the report is available for free download on the Guidehouse Insights website.
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 13,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Guidehouse Insights Leaderboard: Solar and Storage Monitoring and Control Vendors, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
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