The Utility Solar PV EPC Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Utility Solar PV EPC Market?
The market size of the utility solar pv epc has seen significant growth in recent years. It is expected to increase from $61.94 billion in 2024 to $68.89 billion in 2025, with a compound annual growth rate (CAGR) of 11.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Utility Solar PV EPC Industry?
The Utility Solar PV EPC Global Market is projected to grow to $98.86 billion in 2029, with a compound annual growth rate (CAGR) of 9.5%.
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What are the Key Growth Drivers Fueling the Utility Solar PV EPC Market?
The key drivers in the utility solar pv epc market are:
• Advancements in project financing for Utility Solar PV EPC
• Growing integration with energy storage in the sector
• Competitive procurement processes becoming more mainstream
• Increased adoption of corporate power purchase agreements (PPAs)
Global Market Segmentation: Identifying Major Utility Solar PV EPC Industry Segments
The utility solar pv epc market covered in this report is segmented –
1) By Type: Ground-Mounted, Rooftop
2) By Storage: With Storage, Without Storage
3) By End User: Residential, Commercial, Utility uses
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What are the Emerging Trends Shaping the Future of the Utility Solar PV EPC Market?
The key trends in the utility solar pv epc market are:
• Adoption of energy storage integration and hybrid solar projects is becoming more prevalent.
• The utility of digital twin technology and grid-forming inverters is an emerging trend.
• There is an increase of focus on floating solar farms and decentralized solar power plants.
• New trends include the use of bidirectional inverters for grid services, community solar initiatives, and advanced weather forecasting for solar farms.
Who Are the Top Competitors & Leading Players in the Utility Solar PV EPC Market?
Major companies in the utility solar pv epc market are:
• Power Construction Corporation of China
• Larsen & Toubro Limited
• Trina Solar Co.Ltd.
• Canadian Solar Inc.
• Sungrow Power Supply Co. Ltd.
• Swinerton Renewable Energy Inc.
• Risen Energy Co. Ltd.
• Bharat Heavy Electricals Limited
• First Solar Inc.
• SunPower Corporation
• JUWI AG
• Tata Power Solar Systems Limited
• Sterling and Wilson Private Limited
• ACME Solar Holdings Limited
• TBEA Co. Ltd.
• Q Cells Co. Ltd.
• BElectric
• STEAG GmbH
• Topsun Energy (Hong Kong) Co. Ltd.
• ALSA Solar Systems LLC
• Eiffage SA
• Enerparc AG
• Ritis Meera Infra Energy Private Limited
Regional Dominance: Which Area Leads the Global Utility Solar PV EPC Market?
Asia-Pacific was the largest region in the utility solar PV EPC market in 2024
