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BELECTRIC, Bechtel Corporation, Canadian Solar, CHINT Group, and Black & Veatch are some players operating in the industry. Smaller firms that may focus on specific aspects of the EPC process, such as installation or procurement. The companies are setting ambitious sustainability targets to reduce their carbon footprint, and solar energy adoption is a key strategy to achieve these goals.
Eminent players operating in the commercial & industrial solar EPC industry are:
BELECTRIC, Bechtel Corporation, Black & Veatch Holding Company, Canadian Solar, CHINT Group, Eternia Solar, Jakson, JUWI, SUNEL GROUP, TATA POWER SOLAR, The SOLA Group, and VIKRAM SOLAR LTD., are some of the major commercial & industrial solar EPC companies worldwide.
Asia Pacific commercial & industrial solar EPC industry is projected to surpass USD 67.5 billion by 2032 due to rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations leading to an increase in energy demand in the region.
Commercial & industrial solar EPC industry from the rooftop segment and is likely to exceed USD 50.5 billion by 2032 due to providing substantial energy cost savings, which is a significant incentive for homeowners and businesses looking into reducing their electricity bills.
The market size of commercial & industrial solar EPC was reached USD 105 billion in 2023 and is expected to register 4.5% CAGR from 2024 to 2032, owing to the ongoing push towards sustainable energy solutions driven by global efforts to transition to renewable energy sources.