Solar EPC Global Market Report 2025

Description

The solar EPC (engineering, procurement, and construction) refers to the process of designing, planning, and installation of solar power plants or systems, including engineering, procurement, and construction services. This involves sourcing and acquiring all the necessary materials, equipment, and components required for the solar project.

The main mounting types of solar EPC are ground, rooftop, and floating. Rooftop refers to the installation of solar power systems on the roofs of buildings that involves designing, installing, and maintaining solar power systems on rooftops. The various technologies include concentrated solar power and photovoltaic, which are used by several end-users, such as residential, commercial, industrial.

The solar EPC market size has grown strongly in recent years. It will grow from $232.58 billion in 2024 to $248.35 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to government incentives and subsidies, decreasing costs of solar technology, environmental awareness and sustainability, energy independence goals, rising energy demand.

The solar EPC market size is expected to see strong growth in the next few years. It will grow to $306.38 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to focus on decentralized energy systems, development of floating solar projects, government commitments to renewable energy, global transition to clean energy, environmental awareness and sustainability. Major trends in the forecast period include bifacial solar technology adoption, energy storage integration, digitalization and IoT integration, floating solar farms, green financing and sustainable investments, decentralized energy generation, innovations in solar tracking systems.

The growing demand for renewable energy sources is expected to drive the growth of the solar EPC (Engineering, Procurement, and Construction) market. Renewable energy refers to energy derived from naturally replenishing resources, such as sunlight, wind, rain, tides, waves, geothermal heat, and biomass. Solar EPC plays a crucial role in the implementation of solar energy projects by offering a comprehensive approach that includes design, procurement, and construction. This method helps optimize costs, ensure quality, and streamline the entire process, making it essential for the development and expansion of renewable energy, particularly solar power. For instance, in September 2024, according to data published by the UK Department for Energy Security and Net Zero, renewable energy accounted for 51.6% of total energy generation in Q2 2024, marking a 9.9 percentage point increase compared to Q2 2023. Solar PV accounted for three-quarters of these new installations. Therefore, the rising demand for renewable energy sources is fueling the growth of the solar EPC market.

Major companies operating in the solar EPC market are introducing utility-scale solar engineering, procurement, and construction (EPC) divisions to expand their renewable energy services portfolio and gain a competitive edge in the market. Utility-scale solar EPC units are essential to the development of large-scale solar energy projects because they guarantee the effective design, construction, and commissioning of the systems for maximum energy production. For instance, in September 2022, Jingoli Power, a US-based company that offers solar EPC, launched a new solar engineering, procurement, and construction (EPC) division to expand its renewable energy services portfolio. The new EPC unit aims to leverage the company's program and project management, construction, and materials management experience to support reliable utility-scale solar development. The expansion of the EPC Solar unit supports the execution of two US EPC projects with Lightsource BP and plans to take on utility-scale solar projects in the future.

In April 2022, SinglePoint Inc., a US-based renewable energy and sustainable solutions provider, completed the acquisition of the Boston Solar Company for an undisclosed amount. This acquisition is part of SinglePoint's strategy to curate a portfolio of renewable energy-focused companies, with a focus on solar, EV charging, and energy storage. The acquisition enables SinglePoint to offer best-in-class national solutions for customers seeking premium solar installation services, thereby enhancing its position as a one-stop shop for renewable energy solutions. The Boston Solar Company LLC is a US-based company that provides full solar EPC (engineering, procurement, and construction) services to residential and commercial customers.

Major companies operating in the solar EPC market are Bechtel Corp., Siemens Gamesa Renewable Energy S.A., Adani Group, Canadian Solar Inc., Xylem Inc., First Solar Inc., Black & Veatch Holding Company, Blattner Energy, Renewable Energy System Ltd., Juwi AG, Sterling and Wilson Pvt. Ltd., Anesco Ltd., Vikram Solar Limited, DEPCOM Power Inc., Q Cells, Core Development Group, Alas Solar System LLC, Sunel Group, Enerparc AG, Greenspark Solar, BELECTRIC Solar & Battery Holding GmbH, Strata Solar LLC, Hild Energy Pvt. Ltd., LNB Renewable, Eternia Solar, Swinerton Renewable Energy, Tata Power Solar Systems Ltd.

North America was the largest region in the solar EPC market in 2024. The regions covered in the solar EPC market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the solar EPC market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The solar EPC market includes revenues earned by entities by providing end-to-end solar energy services, project development, operations and management, and the installation of solar panels and related equipment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Solar EPC Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on solar epc market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for solar epc ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The solar epc market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Mounting Type: Ground; Rooftop; Floating
2) By Technology: Concentrated Solar Power; Photovoltaic
3) By End-User: Residential; Commercial; Industrial
Subsegments:
1) By Ground: Fixed Tilt Ground Mount; Single Axis Tracking Ground Mount; Dual Axis Tracking Ground Mount
2) By Rooftop: Residential Rooftop; Commercial Rooftop; Industrial Rooftop
3) By Floating: Fixed Floating Solar Systems; Tracking Floating Solar Systems
Companies Mentioned: Bechtel Corp.; Siemens Gamesa Renewable Energy S.A.; Adani Group; Canadian Solar Inc.; Xylem Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r29048

1. Executive Summary

2. Solar EPC Market Characteristics

3. Solar EPC Market Trends And Strategies

4. Solar EPC Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Solar EPC Growth Analysis And Strategic Analysis Framework

5.1. Global Solar EPC PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Solar EPC Market Growth Rate Analysis
5.4. Global Solar EPC Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Solar EPC Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Solar EPC Total Addressable Market (TAM)

6. Solar EPC Market Segmentation

6.1. Global Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Ground
Rooftop
Floating
6.2. Global Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Concentrated Solar Power
Photovoltaic
6.3. Global Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Residential
Commercial
Industrial
6.4. Global Solar EPC Market, Sub-Segmentation Of Ground, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Fixed Tilt Ground Mount
Single Axis Tracking Ground Mount
Dual Axis Tracking Ground Mount
6.5. Global Solar EPC Market, Sub-Segmentation Of Rooftop, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Residential Rooftop
Commercial Rooftop
Industrial Rooftop
6.6. Global Solar EPC Market, Sub-Segmentation Of Floating, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Fixed Floating Solar Systems
Tracking Floating Solar Systems

7. Solar EPC Market Regional And Country Analysis

7.1. Global Solar EPC Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Solar EPC Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Solar EPC Market

8.1. Asia-Pacific Solar EPC Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Solar EPC Market

9.1. China Solar EPC Market Overview
9.2. China Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Solar EPC Market

10.1. India Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Solar EPC Market

11.1. Japan Solar EPC Market Overview
11.2. Japan Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Solar EPC Market

12.1. Australia Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Solar EPC Market

13.1. Indonesia Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Solar EPC Market

14.1. South Korea Solar EPC Market Overview
14.2. South Korea Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Solar EPC Market

15.1. Western Europe Solar EPC Market Overview
15.2. Western Europe Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Solar EPC Market

16.1. UK Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Solar EPC Market

17.1. Germany Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Solar EPC Market

18.1. France Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Solar EPC Market

19.1. Italy Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Solar EPC Market

20.1. Spain Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Solar EPC Market

21.1. Eastern Europe Solar EPC Market Overview
21.2. Eastern Europe Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Solar EPC Market

22.1. Russia Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Solar EPC Market

23.1. North America Solar EPC Market Overview
23.2. North America Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Solar EPC Market

24.1. USA Solar EPC Market Overview
24.2. USA Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Solar EPC Market

25.1. Canada Solar EPC Market Overview
25.2. Canada Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Solar EPC Market

26.1. South America Solar EPC Market Overview
26.2. South America Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Solar EPC Market

27.1. Brazil Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Solar EPC Market

28.1. Middle East Solar EPC Market Overview
28.2. Middle East Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Solar EPC Market

29.1. Africa Solar EPC Market Overview
29.2. Africa Solar EPC Market, Segmentation By Mounting Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Solar EPC Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Solar EPC Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Solar EPC Market Competitive Landscape And Company Profiles

30.1. Solar EPC Market Competitive Landscape
30.2. Solar EPC Market Company Profiles
- 30.2.1. Bechtel Corp. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. Siemens Gamesa Renewable Energy S.A. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. Adani Group Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. Canadian Solar Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. Xylem Inc. Overview, Products and Services, Strategy and Financial Analysis

31. Solar EPC Market Other Major And Innovative Companies

31.1. First Solar Inc.
31.2. Black & Veatch Holding Company
31.3. Blattner Energy
31.4. Renewable Energy System Ltd.
31.5. Juwi AG
31.6. Sterling and Wilson Pvt. Ltd.
31.7. Anesco Ltd.
31.8. Vikram Solar Limited
31.9. DEPCOM Power Inc.
31.10. Q Cells
31.11. Core Development Group
31.12. Alas Solar System LLC
31.13. Sunel Group
31.14. Enerparc AG
31.15. Greenspark Solar

32. Global Solar EPC Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Solar EPC Market

34. Recent Developments In The Solar EPC Market

35. Solar EPC Market High Potential Countries, Segments and Strategies

35.1 Solar EPC Market In 2029 - Countries Offering Most New Opportunities
35.2 Solar EPC Market In 2029 - Segments Offering Most New Opportunities
35.3 Solar EPC Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer