Home > Energy & Power > Electrical Equipment > Solar Parts and Components > North America Utility Solar EPC Market

North America Utility Solar EPC Market Share

Report ID: GMI11764
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

North America Utility Solar EPC Market Share

The competitive landscape for utility-scale solar EPC is influenced by a mix of major players, regional specialists, and up-and-coming companies. These EPC firms are pivotal in deploying solar energy, overseeing everything from project design and construction to grid integration. Competition hinges on factors like project expertise, technological innovation, regional presence, and the capacity to efficiently manage large-scale projects. As renewable energy targets escalate in both the U.S. and Canada, the market remains fiercely competitive, with firms competing for an increasing number of substantial projects.

North America Utility Solar EPC Market Companies

Eminent players operating in the North America utility solar EPC industry are:

ACME Solar
First Solar
Core Development Group
KEC International Ltd.
RISEN ENERGY Co., LTD.
Rosendin Electric
SOLV Energy
Sterling and Wilson Renewable Energy
Swinerton Incorporated
SUNGROW
Tata Power Solar
Waaree Energies

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The North American market for utility solar EPC market was reached USD 13.7 billion in 2023 and is projected to grow at a CAGR of 5.3% from 2024 to 2032, on account of government initiatives and targets for renewable sources

The >50 MW segment is anticipated to surpass USD 11 billion by 2032, driven by the declining costs of solar PV components and the economic benefits of scaling up project sizes.

The U.S. utility solar EPC market is likely to exceed USD 20 billion by 2032, due to ambitious climate goals, favorable policies, and declining costs of solar technology.

Eminent players in the North America utility solar EPC industry include ACME Solar, First Solar, Core Development Group, KEC International Ltd., RISEN ENERGY Co., LTD., Rosendin Electric, SOLV Energy, Sterling and Wilson Renewable Energy, Swinerton Incorporated, SUNGROW, Tata Power Solar, and Waaree Energies.