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North America Solar EPC Market Share
Abengoa, Bechtel Corporation, BHEL, Black & Veatch Holding Company, Canadian Solar, VIKRAM SOLAR LTD. are some leading industry players. Many corporations are committing to sourcing a significant portion of their energy needs from renewable sources as part of their sustainability goals. By partnering with other firms or entering into strategic agreements, EPC companies can access new geographic markets, target different customer segments, or offer additional services including energy storage integration, O&M (Operations and Maintenance), or financing solutions, thereby expanding the market reach.
North America Solar EPC Market Companies
Key market players operating across the North America Solar EPC industry include:
- Abengoa
- Bechtel Corporation
- BHEL
- Black & Veatch Holding Company
- Canadian Solar
- JUWI
- L&T CONSTRUCTION
- Siemens Gamesa Renewable Energy, S.A.
- SynerGen Solar
- VIKRAM SOLAR LTD.
What fuels the demand for ground mounted solar EPC?
The ground mounted solar EPC market will record more than 5.5% industry share by 2032, primarily due to vast open spaces suitable for solar installations, favorable government policies, and declining costs of solar technology.
What is the size of the North America Solar EPC market?
North America Solar EPC industry size was registered at USD 33.8 billion in 2023 and will grow at a 6.3% CAGR between 2024 and 2032, propelled by increasing environmental awareness and corporate sustainability goals coupled with supportive government policies and incentives.
Which are the major players operating in the North America solar EPC market?
Prominent companies, including Abengoa, Bechtel Corporation, BHEL, Black & Veatch Holding Company, Canadian Solar, JUWI, L&T Construction, Siemens Gamesa Renewable Energy, S.A., SynerGen Solar, Vikram Solar Ltd are operating in the North America Solar EPC industry.
What drives the growing need for PV solar EPC?
The PV solar EPC will achieve USD 56.5 billion by 2032, driven by increasing demand for a commercially viable, dependable, and efficient solution with substantial potential for long-term growth in renewable energy.