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Utility Solar PV EPC Market Share

Report ID: GMI5073
Published Date: Jul 2021
Report Format: PDF

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Utility Solar PV EPC Market Share

Major EPC contractors across Asia Pacific, the U.S., and the Middle East & Africa are inclined toward the construction activities of their existing solar PV projects despite the pandemic impact. For instance, in 2020, Scatec Solar initiated the commercial operation of the first phase of its 258 MW solar project in Upington, South Africa. The regions are focused on overcoming power outages to provide continuous electricity and sustainably overcome the rising electricity demand, which will further influence the industry scenario.

Major players operating across the utility solar PV EPC market include :

SunPower Corporation
SUNGROW
Bharat Heavy Electricals Limited
TBEA
L&T
Sterling and Wilson
Swinerton Renewable Energy
Risen Energy
KEC International
Tata Power Solar Systems
Power Construction Corporation of China
Ritis Meera Infra Energy
ACME Solar
Eiffage
JUWI AG
Topsun Energy
COBRA Group
BELECTRIC
STEAG GmbH
Trina Solar
Canadian Solar
First Solar
Q Cells
AKUO Energy
ALSA Solar Systems
Enerparc AG
Bechtel Corporation
Conergy Asia & ME.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

Utility solar PV EPC industry share exceeded USD 45 billion in 2020 and will expand at a CAGR of more than 10% from 2021 to 2030.

The >50 MW to 200 MW systems will register a CAGR of over 10% between 2021 and 2030 driven by their cost competitiveness, extensive resource availability, and escalating capacity potential.

Industry revenue in Asia Pacific will exceed USD 190 billion through 2030 owing to the favorable norms, targets, and incentives provided by various countries for increasing the sustainable energy mix.

Major participants in the global market comprise SUNGROW, L&T, SunPower Corporation, Bharat Heavy Electricals Limited, Tata Power Solar Systems, Ritis Meera Infra Energy, COBRA Group, Trina Solar, Bechtel Corporation, ACME Solar, and others.