Global Solar EPC Market

Solar EPC Comprehensive Study by Application (Residential Solar EPC, Commercial Solar EPC, Industrial, Remote and Off-Grid Applications, Others), Type (Rooftop, Ground Mounted), Technology (Photovoltaics (PV), Concentrating solar-thermal power (CSP))

Solar EPC Market by XX Submarkets | Forecast Years 2024-2029  

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  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
About Solar EPC
Solar EPC is a comprehensive service model utilized in the development of solar power projects. It refers to the role where a single contractor, typically an EPC Construction) company, acquires the entire project lifecycle of solar system development—from design to installation and commissioning. The Engineering phase deals with designing a solar system on-site and considering energy requirements, ensuring compliance with all technical specifications and regulatory standards. Procurement involves identifying the required equipment, such as the solar panels, inverters, batteries, and other parts, to ensure high-quality equipment for installation. Construction simply means physically putting the solar power system in place, including the preparatory steps on-site, mounting of solar panels, connecting the electrical circuits, and commissioning the system to optimize its performance. Services are used across different sectors for the development and execution of solar energy projects, from residential installations to large-scale commercial and industrial systems. The main application of Solar EPC is to make the entire process of designing, procuring materials, and constructing solar energy systems more efficient, safe, and locally compliant. Solar EPC services are highly helpful in large solar farms because technical expertise, high-quality materials, and accurate resource coordination are required to ensure the success of large-scale solar projects. The growing emphasis on reducing carbon footprints and transitioning to clean energy sources has led to a surge in demand for solar energy may be these factor accelerated the market growth.

AttributesDetails
Study Period2019-2029
Base Year2023
UnitValue (USD Million)


The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.

Sinohydro (China), JuNeng NigLtd (Nigeria), Alten Renewable Energies (France), Gentec Engineering (Africa), Siemens Gamesa Renewable Energy (Spain), Sterling and Wilson Pvt. Ltd. (Nigeria), Trinasolar (China), Enel Spa (Italy), Energo Nigeria (Nigeria), Sahel Capital (Nigeria), DAYSTAR (United States), Green Energy (Nigeria), Lumos (Netherlands), Solar Force Nigeria (Nigeria) and Sun Power Systems (United States) are some of the key players that are part of study coverage.

Segmentation Overview
AMA Research has segmented the market of Global Solar EPC market by , Application (Residential Solar EPC, Commercial Solar EPC, Industrial, Remote and Off-Grid Applications and Others) and Region.



On the basis of geography, the market of Solar EPC has been segmented into . If we see Market by Type, the sub-segment i.e. Rooftop will boost the Solar EPC market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Photovoltaics (PV) will boost the Solar EPC market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

Influencing Trend:
Integration of solar energy into off-grid and mini-grid systems, Development of solar-hybrid systems for stable power supply and Adoption of innovative technologies to enhance system efficiency and cost-effectiveness

Market Growth Drivers:
Rising demand for renewable energy sources and Environmental concerns and sustainability initiatives

Challenges:
Limited access to financing for solar projects and Fluctuating government policies and regulatory uncertainties

Restraints:
Lack of skilled labour and technical expertise and Competition from other renewable energy sources and conventional power generation

Opportunities:
Developing large-scale solar power plants to feed electricity into the national grid.

Market Leaders and their expansionary development strategies
In September 2024, AMS Renewable Energy, a distributed solar and storage EPC acquired of Collective Solar, a prominent distributed generation solar construction firm. This acquisition marks a significant milestone for AMS Renewable Energy as it continues to expand and address a rapidly growing pipeline of EPC work across the northeast and mid-Atlantic markets.
In February 2023, GE Gas Power, an American energy company, revealed plans to invest in power assets that will add nearly 500 megawatts (MW) to Nigeria's national electricity grid by the second quarter of 2023.


Key Target Audience
Corporate Executives and Entrepreneurs, Research Organizations, Industry Professionals and Business Leaders, Marketing and Advertising Agencies and Others

About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.

Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.

The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.

Report Objectives / Segmentation Covered

By Application
  • Residential Solar EPC
  • Commercial Solar EPC
  • Industrial
  • Remote and Off-Grid Applications
  • Others
By Type
  • Rooftop
  • Ground Mounted

By Technology
  • Photovoltaics (PV)
  • Concentrating solar-thermal power (CSP)

By Regions
    • 1. Market Overview
      • 1.1. Introduction
      • 1.2. Scope/Objective of the Study
        • 1.2.1. Research Objective
    • 2. Executive Summary
      • 2.1. Introduction
    • 3. Market Dynamics
      • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Rising demand for renewable energy sources
        • 3.2.2. Environmental concerns and sustainability initiatives
      • 3.3. Market Challenges
        • 3.3.1. Limited access to financing for solar projects
        • 3.3.2. Fluctuating government policies and regulatory uncertainties
      • 3.4. Market Trends
        • 3.4.1. Integration of solar energy into off-grid and mini-grid systems
        • 3.4.2. Development of solar-hybrid systems for stable power supply
        • 3.4.3. Adoption of innovative technologies to enhance system efficiency and cost-effectiveness
    • 4. Market Factor Analysis
      • 4.1. Porters Five Forces
      • 4.2. Supply/Value Chain
      • 4.3. PESTEL analysis
      • 4.4. Market Entropy
      • 4.5. Patent/Trademark Analysis
    • 5. Global Solar EPC, by Application, Type and Technology (value) (2018-2023)
      • 5.1. Introduction
      • 5.2. Global Solar EPC (Value)
        • 5.2.1. Global Solar EPC by: Type (Value)
          • 5.2.1.1. Rooftop
          • 5.2.1.2. Ground Mounted
        • 5.2.2. Global Solar EPC by: Application (Value)
          • 5.2.2.1. Residential Solar EPC
          • 5.2.2.2. Commercial Solar EPC
          • 5.2.2.3. Industrial
          • 5.2.2.4. Remote and Off-Grid Applications
          • 5.2.2.5. Others
        • 5.2.3. Global Solar EPC by: Type (Value)
          • 5.2.3.1. Rooftop
          • 5.2.3.2. Ground Mounted
        • 5.2.4. Global Solar EPC by: Technology (Value)
          • 5.2.4.1. Photovoltaics (PV)
          • 5.2.4.2. Concentrating solar-thermal power (CSP)
    • 6. Solar EPC: Manufacturers/Players Analysis
      • 6.1. Competitive Landscape
        • 6.1.1. Market Share Analysis
          • 6.1.1.1. Top 3
          • 6.1.1.2. Top 5
      • 6.2. Peer Group Analysis (2023)
      • 6.3. BCG Matrix
      • 6.4. Company Profile
        • 6.4.1. Sinohydro (China)
          • 6.4.1.1. Business Overview
          • 6.4.1.2. Products/Services Offerings
          • 6.4.1.3. Financial Analysis
          • 6.4.1.4. SWOT Analysis
        • 6.4.2. JuNeng NigLtd (Nigeria)
          • 6.4.2.1. Business Overview
          • 6.4.2.2. Products/Services Offerings
          • 6.4.2.3. Financial Analysis
          • 6.4.2.4. SWOT Analysis
        • 6.4.3. Alten Renewable Energies (France)
          • 6.4.3.1. Business Overview
          • 6.4.3.2. Products/Services Offerings
          • 6.4.3.3. Financial Analysis
          • 6.4.3.4. SWOT Analysis
        • 6.4.4. Gentec Engineering (Africa)
          • 6.4.4.1. Business Overview
          • 6.4.4.2. Products/Services Offerings
          • 6.4.4.3. Financial Analysis
          • 6.4.4.4. SWOT Analysis
        • 6.4.5. Siemens Gamesa Renewable Energy (Spain)
          • 6.4.5.1. Business Overview
          • 6.4.5.2. Products/Services Offerings
          • 6.4.5.3. Financial Analysis
          • 6.4.5.4. SWOT Analysis
        • 6.4.6. Sterling and Wilson Pvt. Ltd. (Nigeria)
          • 6.4.6.1. Business Overview
          • 6.4.6.2. Products/Services Offerings
          • 6.4.6.3. Financial Analysis
          • 6.4.6.4. SWOT Analysis
        • 6.4.7. Trinasolar (China)
          • 6.4.7.1. Business Overview
          • 6.4.7.2. Products/Services Offerings
          • 6.4.7.3. Financial Analysis
          • 6.4.7.4. SWOT Analysis
        • 6.4.8. Enel Spa (Italy)
          • 6.4.8.1. Business Overview
          • 6.4.8.2. Products/Services Offerings
          • 6.4.8.3. Financial Analysis
          • 6.4.8.4. SWOT Analysis
        • 6.4.9. Energo Nigeria (Nigeria)
          • 6.4.9.1. Business Overview
          • 6.4.9.2. Products/Services Offerings
          • 6.4.9.3. Financial Analysis
          • 6.4.9.4. SWOT Analysis
        • 6.4.10. Sahel Capital (Nigeria)
          • 6.4.10.1. Business Overview
          • 6.4.10.2. Products/Services Offerings
          • 6.4.10.3. Financial Analysis
          • 6.4.10.4. SWOT Analysis
        • 6.4.11. DAYSTAR (United States)
          • 6.4.11.1. Business Overview
          • 6.4.11.2. Products/Services Offerings
          • 6.4.11.3. Financial Analysis
          • 6.4.11.4. SWOT Analysis
        • 6.4.12. Green Energy (Nigeria)
          • 6.4.12.1. Business Overview
          • 6.4.12.2. Products/Services Offerings
          • 6.4.12.3. Financial Analysis
          • 6.4.12.4. SWOT Analysis
        • 6.4.13. Lumos (Netherlands)
          • 6.4.13.1. Business Overview
          • 6.4.13.2. Products/Services Offerings
          • 6.4.13.3. Financial Analysis
          • 6.4.13.4. SWOT Analysis
        • 6.4.14. Solar Force Nigeria (Nigeria)
          • 6.4.14.1. Business Overview
          • 6.4.14.2. Products/Services Offerings
          • 6.4.14.3. Financial Analysis
          • 6.4.14.4. SWOT Analysis
        • 6.4.15. Sun Power Systems (United States)
          • 6.4.15.1. Business Overview
          • 6.4.15.2. Products/Services Offerings
          • 6.4.15.3. Financial Analysis
          • 6.4.15.4. SWOT Analysis
    • 7. Global Solar EPC Sale, by Application, Type and Technology (value) (2024-2029)
      • 7.1. Introduction
      • 7.2. Global Solar EPC (Value)
        • 7.2.1. Global Solar EPC by: Type (Value)
          • 7.2.1.1. Rooftop
          • 7.2.1.2. Ground Mounted
        • 7.2.2. Global Solar EPC by: Application (Value)
          • 7.2.2.1. Residential Solar EPC
          • 7.2.2.2. Commercial Solar EPC
          • 7.2.2.3. Industrial
          • 7.2.2.4. Remote and Off-Grid Applications
          • 7.2.2.5. Others
        • 7.2.3. Global Solar EPC by: Type (Value)
          • 7.2.3.1. Rooftop
          • 7.2.3.2. Ground Mounted
        • 7.2.4. Global Solar EPC by: Technology (Value)
          • 7.2.4.1. Photovoltaics (PV)
          • 7.2.4.2. Concentrating solar-thermal power (CSP)
    • 8. Appendix
      • 8.1. Acronyms
    • 9. Methodology and Data Source
      • 9.1. Methodology/Research Approach
        • 9.1.1. Research Programs/Design
        • 9.1.2. Market Size Estimation
        • 9.1.3. Market Breakdown and Data Triangulation
      • 9.2. Data Source
        • 9.2.1. Secondary Sources
        • 9.2.2. Primary Sources
      • 9.3. Disclaimer
    List of Tables
    • Table 1. Solar EPC: by Type(USD Million)
    • Table 2. Solar EPC: by Application(USD Million)
    • Table 3. Solar EPC: by Type(USD Million)
    • Table 4. Solar EPC: by Technology(USD Million)
    • Table 5. Company Basic Information, Sales Area and Its Competitors
    • Table 6. Company Basic Information, Sales Area and Its Competitors
    • Table 7. Company Basic Information, Sales Area and Its Competitors
    • Table 8. Company Basic Information, Sales Area and Its Competitors
    • Table 9. Company Basic Information, Sales Area and Its Competitors
    • Table 10. Company Basic Information, Sales Area and Its Competitors
    • Table 11. Company Basic Information, Sales Area and Its Competitors
    • Table 12. Company Basic Information, Sales Area and Its Competitors
    • Table 13. Company Basic Information, Sales Area and Its Competitors
    • Table 14. Company Basic Information, Sales Area and Its Competitors
    • Table 15. Company Basic Information, Sales Area and Its Competitors
    • Table 16. Company Basic Information, Sales Area and Its Competitors
    • Table 17. Company Basic Information, Sales Area and Its Competitors
    • Table 18. Company Basic Information, Sales Area and Its Competitors
    • Table 19. Company Basic Information, Sales Area and Its Competitors
    • Table 20. Solar EPC: by Type(USD Million)
    • Table 21. Solar EPC: by Application(USD Million)
    • Table 22. Solar EPC: by Type(USD Million)
    • Table 23. Solar EPC: by Technology(USD Million)
    • Table 24. Research Programs/Design for This Report
    • Table 25. Key Data Information from Secondary Sources
    • Table 26. Key Data Information from Primary Sources
    List of Figures
    • Figure 1. Porters Five Forces
    • Figure 2. Supply/Value Chain
    • Figure 3. PESTEL analysis
    • Figure 4. Global Solar EPC: by Type USD Million (2018-2023)
    • Figure 5. Global Solar EPC: by Application USD Million (2018-2023)
    • Figure 6. Global Solar EPC: by Type USD Million (2018-2023)
    • Figure 7. Global Solar EPC: by Technology USD Million (2018-2023)
    • Figure 8. Global Solar EPC share by Players 2023 (%)
    • Figure 9. Global Solar EPC share by Players (Top 3) 2023(%)
    • Figure 10. Global Solar EPC share by Players (Top 5) 2023(%)
    • Figure 11. BCG Matrix for key Companies
    • Figure 12. Sinohydro (China) Revenue, Net Income and Gross profit
    • Figure 13. Sinohydro (China) Revenue: by Geography 2023
    • Figure 14. JuNeng NigLtd (Nigeria) Revenue, Net Income and Gross profit
    • Figure 15. JuNeng NigLtd (Nigeria) Revenue: by Geography 2023
    • Figure 16. Alten Renewable Energies (France) Revenue, Net Income and Gross profit
    • Figure 17. Alten Renewable Energies (France) Revenue: by Geography 2023
    • Figure 18. Gentec Engineering (Africa) Revenue, Net Income and Gross profit
    • Figure 19. Gentec Engineering (Africa) Revenue: by Geography 2023
    • Figure 20. Siemens Gamesa Renewable Energy (Spain) Revenue, Net Income and Gross profit
    • Figure 21. Siemens Gamesa Renewable Energy (Spain) Revenue: by Geography 2023
    • Figure 22. Sterling and Wilson Pvt. Ltd. (Nigeria) Revenue, Net Income and Gross profit
    • Figure 23. Sterling and Wilson Pvt. Ltd. (Nigeria) Revenue: by Geography 2023
    • Figure 24. Trinasolar (China) Revenue, Net Income and Gross profit
    • Figure 25. Trinasolar (China) Revenue: by Geography 2023
    • Figure 26. Enel Spa (Italy) Revenue, Net Income and Gross profit
    • Figure 27. Enel Spa (Italy) Revenue: by Geography 2023
    • Figure 28. Energo Nigeria (Nigeria) Revenue, Net Income and Gross profit
    • Figure 29. Energo Nigeria (Nigeria) Revenue: by Geography 2023
    • Figure 30. Sahel Capital (Nigeria) Revenue, Net Income and Gross profit
    • Figure 31. Sahel Capital (Nigeria) Revenue: by Geography 2023
    • Figure 32. DAYSTAR (United States) Revenue, Net Income and Gross profit
    • Figure 33. DAYSTAR (United States) Revenue: by Geography 2023
    • Figure 34. Green Energy (Nigeria) Revenue, Net Income and Gross profit
    • Figure 35. Green Energy (Nigeria) Revenue: by Geography 2023
    • Figure 36. Lumos (Netherlands) Revenue, Net Income and Gross profit
    • Figure 37. Lumos (Netherlands) Revenue: by Geography 2023
    • Figure 38. Solar Force Nigeria (Nigeria) Revenue, Net Income and Gross profit
    • Figure 39. Solar Force Nigeria (Nigeria) Revenue: by Geography 2023
    • Figure 40. Sun Power Systems (United States) Revenue, Net Income and Gross profit
    • Figure 41. Sun Power Systems (United States) Revenue: by Geography 2023
    • Figure 42. Global Solar EPC: by Type USD Million (2024-2029)
    • Figure 43. Global Solar EPC: by Application USD Million (2024-2029)
    • Figure 44. Global Solar EPC: by Type USD Million (2024-2029)
    • Figure 45. Global Solar EPC: by Technology USD Million (2024-2029)
    List of companies from research coverage that are profiled in the study
    • Sinohydro (China)
    • JuNeng NigLtd (Nigeria)
    • Alten Renewable Energies (France)
    • Gentec Engineering (Africa)
    • Siemens Gamesa Renewable Energy (Spain)
    • Sterling and Wilson Pvt. Ltd. (Nigeria)
    • Trinasolar (China)
    • Enel Spa (Italy)
    • Energo Nigeria (Nigeria)
    • Sahel Capital (Nigeria)
    • DAYSTAR (United States)
    • Green Energy (Nigeria)
    • Lumos (Netherlands)
    • Solar Force Nigeria (Nigeria)
    • Sun Power Systems (United States)
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    Key Highlights of Report


    Nov 2024 240 Pages 70 Tables Base Year: 2023 Coverage: 15+ Companies; 18 Countries

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    Frequently Asked Questions (FAQ):

    The standard version of the report profiles players such as Sinohydro (China), JuNeng NigLtd (Nigeria), Alten Renewable Energies (France), Gentec Engineering (Africa), Siemens Gamesa Renewable Energy (Spain), Sterling and Wilson Pvt. Ltd. (Nigeria), Trinasolar (China), Enel Spa (Italy), Energo Nigeria (Nigeria), Sahel Capital (Nigeria), DAYSTAR (United States), Green Energy (Nigeria), Lumos (Netherlands), Solar Force Nigeria (Nigeria) and Sun Power Systems (United States) etc.
    The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
    "Integration of solar energy into off-grid and mini-grid systems " is seen as one of major influencing trends for Solar EPC Market during projected period 2023-2029.
    The Solar EPC market study includes a random mix of players, including both market leaders and some top growing emerging players. Connect with our sales executive to get a complete company list in our research coverage.

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