Solar EPC Market Size

  • Report ID: 5177
  • Published Date: May 22, 2024
  • Report Format: PDF, PPT

Solar EPC Market Size

Solar EPC Market size was over USD 251 Billion in 2023 and is anticipated to cross USD 423.8 Billion by the end of 2036, witnessing more than 4.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of solar epc is estimated at USD 267.4 Billion. Many countries and regions have set ambitious renewable energy targets as part of their efforts to reduce carbon emissions and combat climate change. Governments may provide incentives, subsidies, or favorable regulatory frameworks to promote the adoption of solar energy. For instance, in the United States, the federal government offers a 26% Investment Tax Credit (ITC) for solar installations, which has helped to spur growth in the industry.

Solar energy has become more dependable and effective due to advancements in technology including enhancements in solar panels, energy storage options and the integration of smart grid systems. These improvements have led to increased acceptance of energy systems and as a result an increased need, for Solar EPC services.

Solar EPC Market overview
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Author Credits:  Dhruv Bhatia

  • Report ID: 5177
  • Published Date: May 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the solar EPC market are government incentives such as subsidies, tax credits, and grants; increasing demand for renewable energy sources; and technological advancements in the solar industry.

The market size of solar EPC is anticipated to attain a CAGR of 18% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Canadian Solar Inc., Sterling and Wilson Solar, Waaree Renewable Technologies Ltd, STRATA SOLAR, Hild Energy Pvt. Ltd., Swinerton Renewable Energy, and others.

The rooftop segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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