The Solar Panel Monitoring System Market was valued at approximately USD 1.56 billion in 2024 and is projected to grow at a robust CAGR of around 15.2% during 2025–2033, primarily driven by strong government initiatives promoting renewable energy adoption.
The global market comprises several key participants, including SolarEdge, ABB, Green Power Monitor, Power Factors LLC., and SolarMan. Detailed information about these major players is provided below:
1. SolarEdge
SolarEdge Technologies Inc. is a leading global provider of smart energy technologies, specializing in the development of advanced solutions to optimize solar energy harvesting and management. The company’s solar monitoring platforms generate high-resolution module-level data, allowing users to track system performance, identify faults promptly, and maximize energy output. SolarEdge’s monitoring products cater to residential, commercial, and utility-scale applications, helping to enhance operational efficiency and reduce maintenance costs.
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2. ABB
ABB is a multinational leader in electrification and automation technologies, with solar energy systems forming a key part of its business portfolio. Through its solar operations, ABB offers sophisticated monitoring solutions, including SCADA systems, string-level monitoring tools, and cloud-based analytics platforms. These systems enable operators to remotely evaluate plant performance, detect inefficiencies, and perform real-time maintenance to maintain optimal energy output. Leveraging its expertise, ABB contributes to both grid-connected and off-grid solar projects across global markets.
3. Green Power Monitor
GreenPowerMonitor, a part of the DNV Group, delivers comprehensive solutions for solar power monitoring, control, and asset management. The company’s platform provides real-time data analytics and reporting, supporting developers and operators in optimizing performance. GreenPowerMonitor’s flexible, device-agnostic platforms integrate with multiple equipment manufacturers, enabling improved power capacity utilization, early detection of performance issues, and long-term operational safety for large interconnected solar networks.
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4. Power Factors LLC.
Power Factors LLC. develops cloud-based digital solutions for renewable energy companies, focusing on the management and optimization of solar, wind, and energy storage assets. Its platform consolidates data from SCADA systems, asset performance tools, and predictive algorithms to enable advanced operational control and informed decision-making. Power Factors serves independent power producers, asset managers, and utility providers, offering scalable, data-driven platforms that enhance efficiency and profitability across renewable portfolios worldwide.
5. SolarMan
SolarMan provides reliable solar energy solutions for residential, commercial, and public sector clients. The company offers end-to-end services — from system design and installation to post-installation monitoring. Its user-friendly monitoring interfaces allow customers to track real-time energy production, identify system faults, and ensure sustained energy efficiency and cost savings over time.
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