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United states Solar EPC market to gain commendable traction by 2025 | By Top vendors Conergy, TBEA, Bechtel, Belectric, Eiffage, Akuo Energy, Sterling & Wilson, Enerparc AG

04-09-2019 12:30 PM CET | Energy & Environment

Press release from: Global Market Insights Inc.

United states Solar EPC market to gain commendable traction

As per estimates, the U.S. solar EPC market is projected to exceed $14 billion by 2025, driven by the fact that solar power has proven to be a strong driver of the region’s economic growth. Reportedly, in 2014, the U.S. solar industry employed over 170,000 people, offering a job growth rate that positively influenced the overall economy.

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https://www.gminsights.com/request-sample/detail/3072

Rising measures to suffice with stringent regulatory directives with an aim to curtail emissions have streamlined industrial focus toward the incorporation of energy conservation technologies. Henceforth, effective operational variations & advancements along with increasing cost-competitiveness will stimulate the overall solar EPC market growth. In 2017, UN launched its ?Mission 2020?, to present ?new urgency? to the ongoing ?global climate conversation? by implying reduction in carbon emissions by 2020.

In the current industrial scenario, regulators have constantly been focusing on the enhancement of reforms, schemes, and plans to favor ground mounted installations. Green bonds, clean energy drives, renewable energy certificates, and portfolio standards are few regulatory schemes positively influencing the global solar EPC market. Furthermore, large-scale agreements with manufacturers to introduce effective technologies with significant expansion potential will further escalate the industry growth.

Ongoing commercialization across emerging regions pose immense growth potential for industrial sustainable technologies. Mandates and reforms toward zero GHG emission and adoption of effective energy conservation solutions will positively sway the industry dynamics. In addition, favorable consumer prospects further influenced by fiscal benefits related to the installation of solar technology will strengthen the overall solar EPC market share.

In the recent years, residential deployments have witnessed escalation on account of positive regulatory regime coupled with ongoing technological enhancements. Schemes including subsidies, incentives for grid-tied deployments, FiT?s, supported by stringent measures toward the manufacture of efficient technologies will further augment the product deployment. Furthermore, enactment of standards and building codes across specific regions to incorporate an energy efficient environment which will amplify the solar EPC market potential.

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Concentrated solar power deployments across the global solar EPC market is predicted to grow on account of ease of installation, low operating costs, minimal carbon emissions and higher efficiency. Moreover, decline in the price of plant components pertaining to the upliftment or revision of duties and taxes has favored the product deployment. Economic escalation along with shift in industrial trends have upsurged solar installations globally, which will further complement the technological adoption.

Solar EPC market across the APAC region has gained impetus owing to positive government reforms and growing renewable fund allocation. Favorable self-consumption schemes, regulatory support programs, investment subsidies, renewable incorporation targets and similar regulatory initiatives have substantially energized the industry dynamics. Ongoing economic expansion across emerging nations coupled with rising energy demand across developing power markets have further nurtured the business landscape.

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
• Enviromena
• ALSA Solar Systems
• Akuo Energy
• Sterling and Wilson
• Enerparc AG
• Hanwha Q Cells
• Conergy
• TBEA
• Bechtel
• Yingli Green Energy
• Juwi AG
• Belectric
• Eiffage
• Topsun Energy Limited
• Swinerton Energy

Browse Full Report: https://www.gminsights.com/industry-analysis/solar-epc-market

Eminent solar EPC market participants include First Solar, Topsun, Enviromena, Trina, Canadian Solar, SunPower, ALSA, Sterling and Wilson, Akuo Energy, Hanwha Q Cells, Enerparc, TBEA, Conergy, Yingli Green Energy, Juwi, Swinerton, Eiffage, Bechtel and Belectric.

Browse Related Report:
Digital Banking Market Size By Type (Retail Banking, Corporate Banking, Investment Banking), By Services (Transactional, Non-Transactional), Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Russia, Australia, China, India, Japan, South Korea, Singapore, Brazil, Mexico, Argentina, UAE, Saudi Arabia, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024

https://www.gminsights.com/industry-analysis/digital-banking-market

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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