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.