Global solar PV O&M market reaches 348 GW

The global solar photovoltaic (PV) operations and maintenance (O&M) market reached 348 GW of managed capacity by the end of 2025, following an annual increase of 61 GW. According to a report by Wood Mackenzie, the industry is experiencing rapid consolidation, with the 15 largest providers now controlling 57% of the total market.

These top 15 providers added a combined 41 GW to their portfolios in 2025, bringing their aggregate managed capacity to 200 GW. NovaSource Power Services remains the global leader with 38.4 GW under management. Other major players maintaining top positions include RES Energy Global Services, SOLV Energy, Solarig Energy Services, and Recurrent Energy.

Regional dynamics vary significantly. In North America, a mature and competitive market is driving costs down. In contrast, the Middle East and Africa are seeing nearly doubled volumes as new operators enter the market. Sterling & Wilson leads the Asia-Pacific market with 12.2 GW, while Engie saw its portfolio expand by 172%, primarily driven by growth in the Americas.