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Report Overview
The North America renewable electrical maintenance market size reached nearly USD 559.13 Million in 2024. The market is projected to grow at a CAGR of 19.30% between 2025 and 2034 to reach around USD 3265.26 Million by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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The abundance of natural resources in North America has made the region lucrative for renewable energy production.
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RESA Power, LLC, Shermco, and General Electric Company are a few of the major companies in the market.
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Canada’s renewable energy investment tax credit (ITC) introduced in the 2023 federal budget provides a 30% tax write-off for renewable technologies deployed until 2034 in Canada.
North America Renewable Electrical Maintenance Market Competitive Landscape
Major players in the North America renewable electrical maintenance market are increasing their collaboration, partnership, and research and development activities to gain a competitive edge
RESA Power, LLC
RESA Power, LLC, founded in 2003, is headquartered in the United States. The company provides customised solutions by NETA Certified Technicians, encompassing system commissioning and continuous maintenance.
Shermco
Shermco, headquartered in the United States, was founded in 1974. The company provides a wide range of electrical power services, encompassing testing, maintenance, and repair, excelling in designing maintenance programmes.
General Electric Company
General Electric Company, headquartered in the United States, was founded in 1892. It delivers a spectrum of services, from remote monitoring to comprehensive plant maintenance and performance optimisation.
ABB Ltd.
ABB Ltd. was founded in 1988 and headquartered in Switzerland. The company offers solar solutions, covering everything from PV panel DC output to medium and high voltage grids.
Other key players in the North America renewable electrical maintenance market include Emerson Electric Co., RENEW, Canadian Solar Inc, Suntrek Industries, Inc.
North America Renewable Electrical Maintenance Market Report Snapshots
North America Renewable Electrical Maintenance Market Size
North America Renewable Electrical Maintenance Market Trends
North America Renewable Electrical Maintenance Manufacturers
North America Renewable Electrical Maintenance Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market value was approximately USD 559.13 Million.
The market is projected to grow at a CAGR of 19.30% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 3265.26 Million by 2034.
The major drivers include rising adoption of renewable energy sources due to favourable government policies and rising investments in renewable energy projects.
The key trends include increasing integration of artificial intelligence (AI) in regular maintenance of renewable energy systems and technological advancements and innovations.
The different types of renewable electrical maintenance include geo-thermal energy services, hydro energy services, wind energy services, and solar energy services.
The major deployment modes of renewable electrical maintenance include onsite and offsite.
The major players in the market include RESA Power, LLC, Shermco, General Electric Company, ABB Ltd., Emerson Electric Co., RENEW, Canadian Solar Inc, and Suntrek Industries, Inc.
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