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Utility Solar EPC Market Share

Report ID: GMI9749
Published Date: Jun 2024
Report Format: PDF

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Utility Solar EPC Market Share

Increasing collaborations between EPC contractors, technology providers, and financial institutions to develop large-scale solar projects, leveraging the strengths to deliver more efficient and cost-effective solutions contribute to the industry landscape. Collaboration between public and private sectors is increasing, with governments partnering with private companies to develop and finance large-scale solar projects, which further accelerate the project development.

Utility Solar EPC Market Companies

Eminent players operating in the utility solar EPC industry are:

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
Tata Power Solar
VIKRAM SOLAR LTD.
Waaree Energies Ltd.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.