PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515499
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515499
Solar Farm Automation Market size was valued at USD 445.23 Million in 2023, expanding at a CAGR of 27.5% from 2024 to 2032.
Solar farm automation is the implementation of advanced technological systems to manage and control various aspects of solar energy production and farm operations. The objective is to improve the overall performance and cost-effectiveness of solar energy generation. These systems include automated monitoring of solar panel performance, weather conditions, and energy output, as well as automated maintenance and fault detection. By leveraging automation, solar farms can enhance operational efficiency, optimize energy production, minimize downtime, and reduce reliance on manual labor.
Solar Farm Automation Market- Market Dynamics
Technological advancements drive market growth
Innovations in automation technologies will pave the way for new possibilities enhancing efficiency across the board. The automation will lead to a significant reduction in operational costs by reducing manual and layman tasks. For instance, Build Robotics, a US based firm that builds trenching robots had installed more than 2 gigawatts of solar capacity across the US. Further, advancements can streamline data collection and analysis, such as real-time monitoring of weather conditions, solar panel performance and energy generation can provide valuable insights for proactive participation in maintenance and performance optimization. By leveraging advanced algorithms and machine learning, engineers can forecast potential threats before their occurrence, thereby improving overall reliability.
Solar Farm Automation Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 27.5% over the forecast period (2024-2032)
Based on Product Type segmentation, Supervisory Control and Data Acquisition (SCADA) was predicted to show maximum market share in the year 2023
Based on Application segmentation, Individual farm was the leading type in 2023
Based on End user segmentation, Industrial was the leading type in 2023
Based on Region, North America was the leading revenue generator in 2023
The Global Solar Farm Automation Market is segmented based on Product Type, Application, End User, and Region.
The market is divided into four categories based on product type: Distributed Control System (DCS), Solar Tracker, Supervisory Control and Data Acquisition (SCDA) and Programmable Logic Controller (PLC). SCADA systems are critical for real-time monitoring and control of solar farm operations, providing comprehensive data collection, and remote management capabilities. SCADA's ability to optimize performance, enhance efficiency, and reduce operational costs makes it one of the most operational products across industries.
The market is divided into two categories based on application: Individual farms and Contract farms. Individual solar farms are often owned by a variety of entities, ranging from large corporations to private investors, energy utilities, and even community groups. These owners typically invest in solar farms to generate renewable energy for various purposes, including supplying electricity to the grid, powering their operations, or selling energy to local communities.
Solar Farm Automation Market- Geographical Insights
North America is leading the charge in solar farm automation. Many governments across the region offer incentives and policies that support the development of renewable energy sources, including solar power. These incentives can make solar farms more financially attractive and encourage the use of automation to improve efficiency. North America's dominance in solar farm automation is further bolstered by its hefty investments in research and development (R&D). These advancements continuously push the boundaries of automation technology.
Some of the prominent companies include Schneider Electric, ABB, and Siemens providing solutions that enhance operational efficiency, and optimize energy production. Innovations in robotics, AI-driven monitoring systems, and smart grid integration are the major factors propelling the market growth. Emerging enterprises like NEXTracker and First Solar are prioritizing advanced tracking technologies and autonomous maintenance solutions to gain market share. Increasing R&D investments and strategic partnerships have served as pivotal strategies to meet the growing demand for sustainable energy solutions.
In November 2023, US solar technology company Terabase Energy deployed its Terafab construction automation system at the White Wing Ranch solar project in the US state of Arizona. It was one of the very first projects that used an automation system in the construction of a commercial solar farm.
In November 2023 ACWA Power, a local utilities company, signed an agreement with Water and Electricity Holding Company (Badeel) to build the world's largest single-site solar-power plant in Al Shuaibah, Mecca province. The solar-power facility is expected to start operations by end-2025, with a generation capacity of 2,060 MW.
GLOBAL SOLAR FARM AUTOMATION MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
ABB
Abengoa Solar
AllEarth Renewables
Array Technologies
Arzon Solar
Built Robotics
DEGER
Emerson Electric
Energia ERCAM
First Solar
Frontier Technology
General Electric
GRUPO CLAVIJO ELT
Honeywell International