Utility Solar EPC Market Size - By Capacity (50 kW to 1 MW, 1 to 3 MW, 3 to 10 MW, 10 to 50 MW, > 50 MW), Global Outlook & Forecast, 2024 – 2032

ACME Solar, BHEL, Hild Energy Pvt. Ltd., KEC International Ltd., Prozeal Green Energy, RISEN ENERGY Co., LTD., Sterling and Wilson Pvt. Ltd., Swinerton Incorporated, SUNGROW, and Tata Power Solar, among others.

Asia Pacific market size is projected to cross USD 42 billion by 2032, owing to the influx of ambitious renewable energy targets and supportive policies along with increased rural electrification programs.

The 1 to 3 MW segment is expected to reach USD 11.5 billion by 2032, on account of reducing transmission losses and enhancing grid reliability.

The market size of utility solar EPC reached USD 87.9 billion in 2023 and is set to witness 4% CAGR between 2024 and 2032, due to the rising deployment of utility scale projects and shifting focus on sustainable energy over conventional fuel.