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Residential Solar EPC Market Trends

Report ID: GMI9690
Published Date: May 2024
Report Format: PDF

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Residential Solar EPC Market Trends

Government policies and international agreements aimed at reducing carbon emissions are promoting solar energy adoption. For instance, introduction of Renewable Portfolio Standards (RPS) and feed-in tariffs (FiTs) will incentivize the solar installations. Furthermore, ongoing net metering policies are encouraging residential solar adoption by allowing consumers to sell excess power back to the grid, which will enhance the industry growth.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

Global industry size for residential solar EPC was valued at USD 87.35 billion in 2023 and is anticipated to register over 4.6% CAGR between 2024 and 2032 due to the rising adoption of renewables to deploy clean power and increasing investments by the governing authorities.

The rooftop segment in the residential solar EPC market is set to grow over USD 42.8 billion through 2032 due to declining costs, technological improvements, and introduction of zoning laws, and permitting processes.

Asia Pacific market is expected to reach USD 63.6 billion through 2032 due to the strong government support and large-scale manufacturing capabilities and increasing investments in residential solar installations.

BELECTRIC, Canadian Solar, CHINT Group, CJR Renewables, Eternia Solar, Goldi Solar, Inc., Jakson, JUWI, Mahindra Susten, TATA POWER SOLAR, VIKRAM SOLAR LTD., and Waaree Energies Ltd.