By 2025, Solar EPC Market in U.S.to surpass $14 billion|By Top Vendors: Eiffage, Trina Solar, Canadian Solar, First Solar, Enviromena, ALSA Solar Systems, Akuo Energy, Sterling & Wilson, Enerparc AG, Conergy, TBEA, Bechtel, Belectric
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Growing environmental concerns coupled with stringent government mandates to curtail carbon emissions have shifted industrial focus towards the adoption of efficient energy conservation initiatives which in turn will boost the overall solar EPC market. Furthermore, momentous upgrades and variations along with rising cost-competitiveness will drive the industry potential. United Nations in 2017, launched the “Mission 2020” initiative with an aim to introduce “new urgency” through implying decrease in greenhouse gas emissions by 2020.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Trina Solar
• Canadian Solar
• First Solar
• SunPower Corporation
• ALSA Solar Systems
• Akuo Energy
• Sterling and Wilson
• Enerparc AG
• Hanwha Q Cells
• Yingli Green Energy
• Juwi AG
• Topsun Energy Limited
• Swinerton Energy
PV deployments owing to rapid expansion and restructuring across the solar industry is anticipated to witness substantial growth over the forecast timeline. Positive regulatory mandates including FiT, subsidies, leveraging schemes, tax rebates, and investment tax credits have integrated a positive business scenario. Moreover, the revamping of investment flow and trade policies across emerging nations will further complement the global solar EPC market outlook.
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Solar EPC market across the U.S. is projected to exceed USD 14 billion by 2025. Regulatory measures to decrease the dependence on conventional fuels favored by financial funding to boost renewable energy integration will stimulate the product penetration. Growing fund allocation to replace the existing power plants with sustainable technologies will further augment the industry portfolio. In 2017, the U.S. government, proposed decrease in their tax reforms by reducing their corporate taxes with a target to reinforce the clean energy business potential.
Large-scale utility and industrial installation across the globe have majorly been influenced by regulatory targets and schemes along with energy optimization. Rising focus toward curtailing carbon emissions from power generating plants and large industries pose immense potential for technological development. Moreover, favorable consumer outlook and fiscal benefits accompanied by the development of energy efficient solar components will further escalate the product demand.
Solar EPC market across Asia Pacific has gained impetus on account of growing renewable investments and favorable government initiatives across the region. Positive regulatory programs, investment subsidies, self-consumption scheme, renewable integration targets and similar government reforms have strengthened the industrial peripheral. Ongoing economic escalation across emerging regions coupled with increasing demand for electricity across developing energy markets have further instituted a favorable business outlook.
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Eminent participants across the solar EPC market include Canadian Solar, Trina, First Solar, Enviromena, SunPower, Sterling and Wilson, ALSA, Akuo Energy, Enerparc, Conergy, TBEA, Bechtel, Hanwha Q Cells, Belectric, Yingli Green Energy, Topsun, Juwi, Eiffage and Swinerton.
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