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Ground Mounted Solar EPC Market Trends

Report ID: GMI9446
Published Date: May 2024
Report Format: PDF

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Ground Mounted Solar EPC Market Trends

Shifting focus of many corporations and institutions to sourcing a significant portion of their energy needs from renewable sources as part of their sustainability strategies will contribute to the business momentum. The systems offer a reliable and cost effective way for companies to procure renewable energy and reduce their carbon footprint, thereby strengthening the product penetration.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of ground mounted solar EPC was reached USD 105.6 billion in 2023 and is anticipated to grow at 4.2% CAGR from 2024 to 2032, owing to the rising adoption of sustainable energy sources.

The utility segment in the ground mounted solar EPC market is set to grow at over 4% CAGR up to 2032, driven by the ability to integrate into the existing electrical grid infrastructure for providing a reliable source of renewable energy to meet growing electricity demand.

Asia Pacific ground mounted solar EPC market size will record over USD 50.5 billion by 2032, favored by the availability of abundant solar resources across major economies of the region including China, India, Australia among others coupled with rapid growth and urbanization.

Abengoa, BHEL, CJR Renewables, Goldi Solar, JUWI, Jakson Group, Mahindra Susten, LARSEN & TOUBRO LIMITED, Siemens Gamesa Renewable Energy, SUNEL Group, Tata Power Solar Systems Ltd., The SOLA Group, VIKRAM SOLAR LTD. and Waaree Energies Ltd.