According to a new report from GTM Research and SoliChamba Consulting, 58 gigawatts of monitored PV will be added to the world’s total in 2016, bringing the cumulative PV monitoring market to 242 gigawatts. In addition to a growing installation base, the PV monitoring landscape is undergoing tremendous change as it integrates into the broader PV software ecosystem, deals with additional regulatory and cybersecurity requirements, and faces challengers from the energy management market.
In 2015, the market experienced significant merger and acquisition activity including BKW’s acquisition of Solar-Log, meteocontrol’s acquisition of iTerra, and Genscape’s acquisition of U.S. residential PV monitoring market leader Locus Energy. The report notes that the PV monitoring market is likely to see similar activity in 2016. In fact, Solarrus Corporation just announced the acquisition of Power Factors this month.