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Commercial & Industrial Solar EPC Market Trends

Report ID: GMI9555
Published Date: May 2024
Report Format: PDF

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Commercial & Industrial Solar EPC Market Trends

Many regions have implemented renewable energy mandates that require a certain percentage of energy to come from renewable sources, driving businesses to adopt solar solutions. Retailers, office buildings, and data centers are increasingly adopting solar energy to power their operations, driven by cost savings and corporate sustainability commitments. Further, manufacturing plants, warehouses, and other industrial facilities are implementing solar projects to offset energy intensive processes and enhance energy security, thereby positively impacting the business dynamics.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.