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North America Renewable Electrical Maintenance Market Size: By Type: Solar Energy Services, Wind Energy Services, Hydro Energy Services, Geo-Thermal Energy Services; By Component: Transformer, Battery and UPS System, Others; By Service Type; By Deployment; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
North America Renewable Electrical Maintenance Market Analysis by Country
The United States of America accounts for a significant market share as it aims to achieve 70% renewably sourced electricity by 2030. Various government policies aid the growth of the renewable sector in the USA. The Inflation Reduction Act of 2022 includes tax provisions and grant and loan programmes to aid the deployment of commercially available clean energy technologies. As a result, solar energy adoption is rising across the USA, especially in California and Texas, as an appealing source of new power generation. This is positively influencing the North America renewable electrical maintenance market growth.
Hydroelectricity is a crucial form of renewable energy produced in Canada. The adoption of an emissions-free grid is expected to help Canada decarbonise its economy and achieve its net-zero emissions targets. Canada is home to over 19 GW of utility-scale wind and solar energy capacity, with more than 1.8 GW of new generation capacity added in 2022. Canadian wind, solar and energy storage sector grew by 10.5% in 2022.
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Renewable Electrical Maintenance Market Overview
8.1 Key Industry Highlights
8.2 North America Renewable Electrical Maintenance Historical Market (2018-2023)
8.3 North America Renewable Electrical Maintenance Market Forecast (2024-2032)
9 North America Renewable Electrical Maintenance Market by Type
9.1 Solar Energy Services
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Wind Energy Services
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Hydro Energy Services
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Geo-Thermal Energy Services
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
10 North America Renewable Electrical Maintenance Market by Component
10.1 Transformer
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Battery and UPS System
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 PV Module and Solar Cells
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Switchgear Assembly
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 North America Renewable Electrical Maintenance Market by Service Type
11.1 Preventive Field Services (Scheduled Maintenance)
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Preventive Engineering Services
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Emergency Services
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Thermographic Infrared Inspection of Photovoltaic Installation
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 NETA Services
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Lookout Tagout (LOTO) Services
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Testing Services (Manual and Thermal Imaging)
11.7.1 Historical Trend (2018-2023)
11.7.2 Forecast Trend (2024-2032)
11.8 UPS Services
11.8.1 Historical Trend (2018-2023)
11.8.2 Forecast Trend (2024-2032)
11.9 Decommissioning
11.9.1 Historical Trend (2018-2023)
11.9.2 Forecast Trend (2024-2032)
11.10 Others
12 North America Renewable Electrical Maintenance Market by Deployment
12.1 Onsite
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Offsite
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 North America Renewable Electrical Maintenance Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.1.3 By Region
13.1.3.1 New England
13.1.3.2 Mideast
13.1.3.3 Great Lakes
13.1.3.4 Plains
13.1.3.5 Southeast
13.1.3.6 Southwest
13.1.3.7 Rocky Mountain
13.1.3.8 Far West
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.2.3 By Region
13.2.3.1 Northern Canada
13.2.3.2 British Columbia
13.2.3.3 Alberta
13.2.3.4 The Prairies
13.2.3.5 Central Canada
13.2.3.6 Atlantic Canada
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 RESA Power, LLC
15.2.1.1 Company Overview
15.2.1.2 Services Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Shermco
15.2.2.1 Company Overview
15.2.2.2 Services Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 General Electric Company
15.2.3.1 Company Overview
15.2.3.2 Services Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 ABB Ltd.
15.2.4.1 Company Overview
15.2.4.2 Services Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Emerson Electric Co.
15.2.5.1 Company Overview
15.2.5.2 Services Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Renew
15.2.6.1 Company Overview
15.2.6.2 Services Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Canadian Solar Inc
15.2.7.1 Company Overview
15.2.7.2 Services Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Suntrek Industries, Inc.
15.2.8.1 Company Overview
15.2.8.2 Services Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Renewable Electrical Maintenance Market: Key Industry Highlights, 2018 and 2032
2. North America Renewable Electrical Maintenance Historical Market: Breakup by Type (USD Million), 2018-2023
3. North America Renewable Electrical Maintenance Market Forecast: Breakup by Type (USD Million), 2024-2032
4. North America Renewable Electrical Maintenance Historical Market: Breakup by Service Type (USD Million), 2018-2023
5. North America Renewable Electrical Maintenance Market Forecast: Breakup by Service Type (USD Million), 2024-2032
6. North America Renewable Electrical Maintenance Historical Market: Breakup by Deployment (USD Million), 2018-2023
7. North America Renewable Electrical Maintenance Market Forecast: Breakup by Deployment (USD Million), 2024-2032
8. North America Renewable Electrical Maintenance Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Renewable Electrical Maintenance Market Forecast: Breakup by Country (USD Million), 2024-2032
10. North America Renewable Electrical Maintenance Market Structure
Key Questions Answered in the Report
In 2023, the market value was approximately USD 559.13 million.
The market is projected to grow at a CAGR of 19.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2670.72 million by 2032.
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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