Global Solar Engineering, Procurement & Construction (EPC) Market, By Technology (PV, CSP), By Type

Published Date: | Report Code : EP1958399

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The Solar Engineering, Procurement & Construction (EPC) Market is expected to promise high growth owing to Increasing environmental concerns along with strict regulatory mandates to curb GHG emissions in the recent years. Increasing demand from End-Use industries Residential, Commercial, Industrial, Institutional, Utility is expected to drive the growth of solar engineering, procurement & construction market. This market has witnessed number of key developments by major companies including Trina, Canadian Solar, First Solar, SunPower, Enviromena, ALSA, Akuo Energy, Sterling and Wilson with focus on organic as well as inorganic growth strategies.  Developing regions including Asia Pacific and Middle East have been among the high potential markets with high growth in some of the key economies.

EPC is used in the solar sector to provide end-to-end solar services from system design, component procurement, and project installation. It includes activity from liaising / government approvals to maintenance. Engineering design includes customer requirement analysis, site survey, weather monitoring, structural design, determination of power generation capability, equipment choice, engineering design and 3D modeling of the solar power plant being suggested. Procurement of equipment activity involves solar EPC businesses such as Insolergy Technologies provide local and international producers with machinery and components needed for solar PV plants, freeing the customer from the trouble of finding the correct supplier. And Solar plant construction activity involves mounting solar PV panels, accessories, grid / off-grid connectivity, and solar implementation.

Segment Analysis:

The global solar engineering, procurement & construction (EPC) market is segmented based on technology, type, and end user. By technology, this market is split into photovoltaic (PV), and concentrating solar power (CSP). Concentrating solar power (CSP) segment is expected to high demand due to higher efficiency, low operating costs, ease of installation, and minimal carbon emissions. Based on the type, the global solar engineering, procurement & construction (EPC) market is split into the rooftop, and ground mounted. The rooftop segment is anticipated to high demand because it gets a large amount of solar energy as compared to ground mounted. By end user, this market is segmented into residential, commercial, industrial, institutional, and utility. The residential segment is expected to rapid growth in this market due to the advantageous regulatory scheme and fast technological escalation. The global solar engineering, procurement & construction (EPC) market is anticipated to boom in the U.S because of government mandates to decrease fossil fuel dependency combined with favorable economic mechanisms to promote the installation of viable power systems will increase consumer demand. Along with this, this market is expected to rapid growth in the Asia Pacific region due to rapid economic growth coupled with government support programs.

Key Factors Impacting Market Growth:

  • Favorable government initiatives, including subsidies, FiT, investment tax credits and tax rebates

  • Increasing environmental concerns along with strict regulatory mandates to curb GHG emissions

Regional Analysis:

The regional outlook for solar engineering, procurement & construction market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for solar engineering, procurement & construction market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of solar engineering, procurement & construction market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on.

Asia Pacific is estimated one of the fastest growing regions for solar engineering, procurement & construction market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: Trina, Canadian Solar, First Solar, SunPower, Enviromena, ALSA, Akuo Energy, Sterling and Wilson, Enerparc, Hanwha Q Cells, Conergy, TBEA, Bechtel, Yingli Green Energy, Juwi, Belectric, Eiffage, Topsun and Swinerton...

Market Segmentation:

By Technology:

  • PV

  • CSP

By Type:

  • Rooftop

  • Ground Mounted

By End User:

  • Residential

  • Commercial

  • Industrial

  • Institutional

  • Utility

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Technology

    • By Type

    • By End User

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Technology

    • By Type

    • By End User

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Technology

    • By Type

    • By End User

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Technology

    • By Type

    • By End User

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Technology

    • By Type

    • By End User

  • Rest of the World

    • By Region (South America, Africa)

    • By Technology

    • By Type

    • By End User

Reasons To Buy This Report:

  • Market size estimation of the global solar engineering, procurement & construction (EPC) market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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We provide customization of the study to meet specific requirements:

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