Solar EPC Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034

The Global Solar EPC Market, valued at USD 407.6 billion in 2024, is projected to expand at a CAGR of 8.1% from 2025 to 2034. Solar EPC, encompassing engineering, procurement, and construction services, delivers end-to-end solutions for solar power systems, particularly for large-scale installations. This comprehensive service manages the entire lifecycle of solar projects, from initial planning and design to procurement and final implementation, offering streamlined operations and reduced project complexities. As governments worldwide implement decarbonization targets, the market for sustainable energy solutions, including solar EPC services, is surging. Favorable policies, subsidies, and global investments in renewable energy are driving significant growth. Increasing integration of energy storage with solar systems is creating hybrid solutions that ensure stable and reliable power, making solar energy a more viable and attractive option across industries and regions.

The rooftop solar segment is expected to generate USD 321 billion by 2034, driven by rising adoption in residential and commercial sectors. Government-backed schemes promoting small-scale rooftop installations are playing a pivotal role in this growth. Additionally, green building regulations and mandates requiring clean energy solutions in new construction projects are fostering a move toward carbon-neutral infrastructure. These initiatives are propelling demand for solar EPC services, with developers and property owners increasingly seeking sustainable and cost-effective energy systems. As rooftop installations gain traction, they are becoming a cornerstone of the market's long-term expansion.

The commercial and industrial solar EPC market is forecasted to grow at an impressive CAGR of 8% through 2034, supported by cost-saving opportunities, sustainability goals, and government incentives. Efforts to integrate renewable energy sources into national grids are enhancing the appeal of large-scale solar projects. Governmental strategies to promote renewable energy adoption are benefiting both remote and urban communities, ensuring equitable access to sustainable power solutions. Additionally, partnerships between key contractors to deliver utility-scale solar systems are expected to boost the market further as nations strive to meet ambitious clean energy objectives.

In the United States, the solar EPC market is projected to reach USD 59 billion by 2034, fueled by robust government incentives and net metering policies. The rise of utility-scale solar projects, combined with the declining costs of solar technologies, is making large installations increasingly viable. Tax incentives like the Investment Tax Credit (ITC) are also encouraging residential adoption, making solar energy more affordable for homeowners. The growing demand for grid reliability and energy resilience, coupled with the integration of energy storage into large installations, is expected to drive sustained market growth. These factors are positioning the US as a key player in the global solar EPC landscape.