The photovoltaic software market will reach 1.67 billion USD by 2031

The global photovoltaic software market is expected to grow from an estimated 895.60 million USD in 2023 to 1,669.75 million USD in 2031, at a Compound Annual Growth Rate (CAGR) of 8.5%.

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Interface d'une application de gestion de panneaux solaires

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The market for solar applications is evolving rapidly, propelled by increased demand for solar installations and ongoing technological advances.
These digital tools play a crucial role in optimizing the design, management and maintenance of photovoltaic systems, but also in other energy sectors, increasing their efficiency and profitability.

Market context and growth

In 2023, the global market for solar energy software solutions will be worth 895.60 million USD.
With growth projected at a compound annual growth rate of 8.5%, this market is expected to reach 1.67 billion USD by 2031.
This growth is fuelled by government initiatives to promote renewable energies, ambitious sustainability targets, and increasing adoption of solar installations in the residential and industrial sectors.
Specialized tools such as PVsyst, Helioscopes and Aurora Solar enable engineers to simulate various configurations and assess the economic viability of projects.
These programs facilitate planning, design and financial analysis, providing an overview of anticipated energy and financial returns.

Applications and Benefits of Software Solutions

Applications for solar systems cover a wide range of uses, from automation and computer-aided design (CAD) to operations management and maintenance.
These platforms enable real-time monitoring of energy production, performance parameters and maintenance schedules, ensuring optimal, sustainable operation of solar infrastructures.
Beyond the technical aspects, these programs support sales and marketing efforts by providing tools to demonstrate the viability of projects and promote solar solutions to potential customers.
The evolution of the solar software market is also marked by advances in automation and operations management, responding to the varied needs of players in the solar energy value chain.

Regional Challenges and Opportunities

The market for software technologies for photovoltaic energy faces several challenges, including a lack of skilled labor for PV system development and maintenance, land acquisition conflicts with agriculture, and regulatory uncertainties.
Despite these obstacles, regions such as North America, and particularly the United States, continue to foster software innovation thanks to a robust development ecosystem and favorable government policies.
High electricity demand and solar irradiation levels encourage the deployment of solar energy solutions in North America.
The greater presence of a skilled workforce, modern infrastructure and the headquarters of major market players such as PVsyst and Aurora Solar reinforce the region’s leadership in the development of solar system programs.

Recent Developments and Innovations

In May 2024, Valentin Software presented its revolutionary design software for photovoltaic, solar thermal and heat pump systems at Intersolar Europe in Munich.
This premium PV*SOL professional program offers new battery options, high-quality charging profiles and the latest climate data.
In March 2024, Energy Toolbase enhanced its ETB Developer package with a new feature for modeling the economics of solar and storage installations.
This innovation maximizes value streams such as grid services and electricity bill reductions, improving project economics and reliability.
Aurora Solar, in May 2023, announced its expansion into Germany to support solar organizations in streamlining operations and accelerating growth.
This expansion responds to the growing demand from German solar installers for digital and automated solutions.
The solar applications market continues to grow, offering essential tools for every stage of solar system implementation and management.
By overcoming challenges and adapting to innovations, this market promises sustained growth and significant technological advances for years to come.

Driven by innovations in perovskite and quantum dots, the next-generation solar cells market, valued at USD 4.21 billion in 2024, is expected to grow rapidly at a rate of 21.21%, reaching USD 19.62 billion by 2032.
GreenYellow and Sasol Italy announce the start of construction of a 5.1 MWp photovoltaic solar plant in Terranova Dei Passerini. This project aims to strengthen Sasol’s energy independence in Italy while contributing to the industrial energy transition.
Seven-Eleven Japan signs a power purchase agreement (PPA) with Chugoku Electric Power to acquire 22.3 GWh annually from solar and hydro projects, marking a new chapter for the retailer in renewable energy procurement.
OneD Battery Sciences and Shanghai Putailai New Energy Technology announce a development agreement to design and scale production of silicon-carbon anodes for lithium-ion batteries.
China's decision to cancel the 13% VAT rebate on photovoltaic module exports triggers a sharp price adjustment and reshapes a market under pressure for the past two years.
Zimplats starts phase 2A of its solar project in Zimbabwe, with a $54 million investment to add 45 MW to its capacity, bringing its total to 80 MW to power its mining sites.
Foulath Holding partners with Yellow Door Energy to develop a 123 MWc industrial solar power project in Bahrain, setting a global record in size and capacity for a single site.
GCL Energy Technology strengthens its presence in Southeast Asia by partnering with PLN Indonesia Power to develop two 100 MW solar plants, both ground-mounted and floating, as part of the government’s Hijaunesia program.
Energy group REDEN has commissioned a 3-hectare agrivoltaic greenhouse in Montaut, Ariège, combining specialised agricultural production and electricity generation on a single family-run site.
Ghana commits $200mn to equip 4,000 rooftops with solar panels, aiming to stabilise a strained grid and attract private capital into its power sector.
The Japanese railway group will purchase solar electricity produced by Kyocera EPA via a third-party PPA structured by Kansai Electric Power, marking its first involvement in such agreements.
Takeei Energy & Park begins operating its first asset under the feed-in-premium scheme, marking a milestone in the group’s investment strategy in the renewable energy sector.
An unprecedented partnership with the Canada Infrastructure Bank enables George Gordon First Nation to fully own a solar plant powering a potash mine in Saskatchewan.
Zelestra has closed a $60mn tax equity deal with Stonehenge Capital to support its 81 MW solar project in Indiana, set to become operational in Q4 2025.
JA Solar has signed a strategic agreement with Australia's 5B to supply over 100 MW of photovoltaic modules for a large-scale solar project in Western Australia.
energyRe secured $370mn in financing from several international banks to support the construction of a solar portfolio set to supply electricity to approximately 36,000 households.
Enfinity Global has signed a ten-year agreement with VW Kraftwerk GmbH for the annual supply of 40 GWh of Guarantees of Origin from its photovoltaic power plants in Italy.
We Recycle Solar and Nations Roof launch a joint offer to manage rooftop solar panel recycling and upgrade energy infrastructure on commercial buildings across the US.
The Foster Clean Power project in Humboldt County combines 9.4 MW of solar capacity and 10 MWh of battery storage under a power purchase agreement with Redwood Coast Energy Authority.
Stardust Solar reports its first-ever positive EBITDA, driven by a 99% jump in quarterly revenue and a record inflow of signed contracts.

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