Smart Solar Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 32.25 Billion
CAGR (2026-2031)	16.78%
Fastest Growing Segment	Residential
Largest Market	Asia Pacific
Market Size (2031)	USD 81.81 Billion

Market Overview

The Global Smart Solar Market will grow from USD 32.25 Billion in 2025 to USD 81.81 Billion by 2031 at a 16.78% CAGR. The Global Smart Solar Market comprises photovoltaic infrastructure integrated with digital technologies, such as smart inverters and monitoring software, to optimize energy harvesting and distribution. The sector is primarily driven by the imperative for grid modernization to accommodate decentralized energy resources and the requirement for improved operational efficiency through immediate data analytics. These foundational drivers support long-term industry expansion by addressing the technical complexities of managing variable renewable energy sources and differ from temporary technological fads.

According to SolarPower Europe, in 2024, the global solar sector installed a record 597 gigawatts of capacity, representing a 33% increase compared to the previous year. This substantial growth in deployment underscores the critical necessity for intelligent systems capable of regulating grid stability and bidirectional energy flow. Despite this positive trajectory, the market faces a significant impediment regarding cybersecurity vulnerabilities, as the digitization of critical energy assets raises concerns about system integrity that could delay widespread adoption.

Key Market Drivers

The implementation of favorable government regulations and renewable energy mandates serves as a primary catalyst for the industry. Policies such as feed-in tariffs, tax credits, and net metering schemes provide the financial stability required for large-scale infrastructure investments. These legislative frameworks reduce the capital risk associated with smart solar adoption, encouraging utility providers to upgrade legacy systems to accommodate higher renewable penetration. According to the International Energy Agency, June 2024, in the 'World Energy Investment 2024' report, global investment in solar PV is projected to exceed USD 500 billion in 2024, surpassing all other generation technologies combined. This capital influx, driven by regulatory support, directly enables the deployment of advanced metering infrastructure and digital management tools necessary for a modern energy network.

The integration of artificial intelligence and IoT for system optimization is fundamentally reshaping the market by enhancing grid responsiveness and efficiency. Smart inverters and IoT-enabled sensors allow for real-time data exchange, which is essential for managing the intermittency inherent in photovoltaic power generation. This technology facilitates predictive maintenance and automated load balancing, thereby increasing overall system reliability. According to Enphase Energy, July 2024, in the 'Q2 2024 Financial Results', the company shipped over 1.4 million microinverters, highlighting the massive scale of intelligent component integration currently underway. This digitization is supported by the parallel growth of storage technologies; according to the International Energy Agency, April 2024, in the 'Batteries and Secure Energy Transitions' report, battery deployment in the power sector increased by more than 130% in 2023, providing the essential capacity firming required for fully realized smart solar ecosystems.

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Key Market Challenges

The digitization of the "Global Smart Solar Market" introduces a significant challenge in the form of cybersecurity vulnerabilities, which directly impede the sector's expansion. As photovoltaic infrastructure increasingly relies on internet-connected smart inverters and remote monitoring software, the grid's exposure to cyber threats expands. This vulnerability creates a substantial barrier to adoption, as the potential for remote manipulation of decentralized energy resources raises alarms regarding national security and operational continuity. Consequently, utilities and regulators are enacting stricter interconnection protocols, which prolong deployment schedules and inflate project costs.

The severity of this risk effectively throttles rapid market scalability by necessitating rigorous and expensive risk mitigation strategies before projects can go live. According to SolarPower Europe, in 2025, over a dozen solar manufacturers individually controlled more than 3 gigawatts of installed capacity, representing concentrated risk points where a single targeted breach could destabilize the broader electrical grid. This high concentration of digital control underscores the fragility of the current ecosystem, causing investors to hesitate and slowing the integration of smart solar technologies into the mainstream energy mix.

Key Market Trends

The Expansion of Virtual Power Plants (VPP) is fundamentally altering the market by monetizing distributed energy assets through aggregation rather than simple consumption. Unlike standalone residential systems, VPPs network thousands of decentralized solar-plus-storage installations to provide utility-scale grid services, such as frequency regulation and peak shaving, effectively turning prosumers into active market participants. This aggregation model addresses the intermittency of renewables by creating dispatchable energy pools that stabilize the grid without requiring new centralized power plants. According to Sunrun, November 2024, in the 'Q3 2024 Financial Results', the company installed 336 megawatt-hours of storage capacity, a 92% increase year-over-year, which directly scales the dispatchable reserves necessary for robust virtual power plant operations.

Concurrently, the Shift Towards Decentralized Energy Grid Architectures is necessitating a massive overhaul of physical and digital transmission infrastructure to support bidirectional power flows. This trend moves beyond simple component optimization, focusing instead on the structural transformation of the grid to accommodate diverse, non-utility generation points like microgrids and community solar projects. This architectural evolution is critical for managing the complex voltage dynamics introduced by high-penetration renewables, requiring substantial investment in advanced grid technologies. According to Siemens Energy, November 2024, in the 'Earnings Release Q4 FY 2024', the Grid Technologies segment achieved a comparable revenue growth of 32.2% for the fiscal year, underscoring the escalating demand for infrastructure capable of supporting decentralized renewable integration.

Segmental Insights

The Residential segment constitutes the most rapidly expanding category within the Global Smart Solar Market due to the widespread adoption of home energy management systems. This growth is significantly influenced by global initiatives promoting grid modernization, such as the digital energy policies outlined by the International Energy Agency. Homeowners are increasingly utilizing smart inverters to optimize electricity usage and integrate battery storage, thereby reducing reliance on traditional power grids. Additionally, the necessity to support electric vehicle charging at home acts as a primary catalyst, ensuring that residential applications remain the central driver of industry development.

Regional Insights

Asia Pacific commands a dominant position in the global smart solar market, driven by rapid industrialization and escalating energy requirements in emerging economies. This leadership is reinforced by aggressive renewable energy targets established by regulatory authorities, such as China’s National Energy Administration and India’s Ministry of New and Renewable Energy. These institutions actively promote the modernization of electrical infrastructure to accommodate distributed generation and improve grid stability. Furthermore, the presence of extensive local manufacturing capabilities allows for the cost-effective deployment of monitoring and control technologies, thereby accelerating regional adoption.

Recent Developments

In November 2025, JinkoSolar officially commenced mass production of its Tiger Neo III solar modules, marking a significant milestone in N-type TOPCon technology. The launch ceremony highlighted the module's mass production efficiency of over 24.8% and a power output reaching 670W. This next-generation product featured enhancements such as higher bifaciality, lower degradation rates, and improved performance under low-light conditions. During the event, the company secured global orders totaling 15GW, underscoring the strong market demand for its high-efficiency, smart solar energy solutions and its commitment to advancing global energy transitions.
In July 2025, SolarEdge Technologies announced a strategic partnership with Solar Landscape to supply domestically manufactured solar technology for over 500 commercial rooftop projects across the United States. Under this agreement, SolarEdge committed to providing its smart inverter solutions to support the deployment of distributed generation solar on commercial and industrial real estate. The collaboration aimed to accelerate the adoption of clean energy by leveraging U.S.-made components, thereby meeting domestic content requirements and streamlining project timelines. This initiative was expected to support the energy needs of approximately 80,000 households through efficient energy production.
In June 2025, Antaisolar unveiled its latest smart tracking system, the AT-Spark, during the SNEC PV Power Expo in Shanghai. The new system incorporated a self-developed octagonal torque tube and a patented dual-spherical bearing design to enhance stability and installation efficiency. Powered by the company's intelligent control algorithm, the tracker was designed to maximize energy yield and reduce the levelized cost of electricity for utility-scale projects. Concurrently, the company signed strategic partnership agreements totaling over 2GW with global associates to expand its footprint in key international markets such as Europe and Southeast Asia.
In January 2025, Trina Solar established a new world record for solar module efficiency by achieving 25.44% with its n-type fully passivated heterojunction (HJT) photovoltaic modules. This breakthrough, independently verified by the Fraunhofer Institute for Solar Energy Systems, utilized large-area phosphorus-doped n-type silicon wafers combined with advanced light-trapping and passivation technologies. The company’s achievement highlighted the technical potential of HJT cells to surpass traditional efficiency limits and set a new benchmark for the industry. This development underscored Trina Solar's continuous investment in research and development to drive the evolution of smart PV modules and sustainable energy solutions.

Key Market Players

ABB Limited
Schneider Electric SE
Huawei Technologies Co., Ltd.
Sungrow Power Supply Co., Ltd.
Enphase Energy, Inc.
SolarEdge Technologies, Inc.
GoodWe Technologies Co., Ltd
Canadian Solar Inc.
JA Solar Technology Co., Ltd.
Trina Solar Co. Ltd

By Type	By Application	By Region
Asset Management Network Monitoring Meter Data Management (MDM) Analytics Supervisory Control and Data Acquisition (SCADA) Remote Metering Other	Commercial & Industrial (C&I) Residential Utility Scale	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Smart Solar Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Smart Solar Market, By Type:

Asset Management
Network Monitoring
Meter Data Management (MDM)
Analytics
Supervisory Control and Data Acquisition (SCADA)
Remote Metering
Other

Smart Solar Market, By Application:

Commercial & Industrial (C&I)
Residential
Utility Scale

Smart Solar Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Smart Solar Market.

Available Customizations:

Global Smart Solar Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Smart Solar Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Smart Solar Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type (Asset Management, Network Monitoring, Meter Data Management (MDM), Analytics, Supervisory Control and Data Acquisition (SCADA), Remote Metering, Other)

5.2.2. By Application (Commercial & Industrial (C&I), Residential, Utility Scale)

5.2.3. By Region

5.2.4. By Company (2025)

5.3. Market Map

6. North America Smart Solar Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type

6.2.2. By Application

6.2.3. By Country

6.3. North America: Country Analysis

6.3.1. United States Smart Solar Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type

6.3.1.2.2. By Application

6.3.2. Canada Smart Solar Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Type

6.3.2.2.2. By Application

6.3.3. Mexico Smart Solar Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Type

6.3.3.2.2. By Application

7. Europe Smart Solar Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Application

7.2.3. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Smart Solar Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Application

7.3.2. France Smart Solar Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Application

7.3.3. United Kingdom Smart Solar Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Application

7.3.4. Italy Smart Solar Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Type

7.3.4.2.2. By Application

7.3.5. Spain Smart Solar Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Type

7.3.5.2.2. By Application

8. Asia Pacific Smart Solar Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Application

8.2.3. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Smart Solar Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Application

8.3.2. India Smart Solar Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Application

8.3.3. Japan Smart Solar Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Application

8.3.4. South Korea Smart Solar Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Application

8.3.5. Australia Smart Solar Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Application

9. Middle East & Africa Smart Solar Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Application

9.2.3. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Smart Solar Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Application

9.3.2. UAE Smart Solar Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Application

9.3.3. South Africa Smart Solar Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Application

10. South America Smart Solar Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Smart Solar Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Application

10.3.2. Colombia Smart Solar Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Application

10.3.3. Argentina Smart Solar Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Application

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Smart Solar Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. ABB Limited

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Schneider Electric SE

15.3. Huawei Technologies Co., Ltd.

15.4. Sungrow Power Supply Co., Ltd.

15.5. Enphase Energy, Inc.

15.6. SolarEdge Technologies, Inc.

15.7. GoodWe Technologies Co., Ltd

15.8. Canadian Solar Inc.

15.9. JA Solar Technology Co., Ltd.

15.10. Trina Solar Co. Ltd

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

What was the market size of the Global Smart Solar Market in 2025?

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