Press release
What's Driving the Solar EPC Market Trend? | Key Players Trina Solar, Canadian Solar, First Solar, SunPower Corporation, Enviromena, Akuo Energy, Sterling and Wilson, Hanwha Q Cells, Conergy, Bechtel, Yingli Green Energy, Eiffage
Solar EPC Market
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The solar energy sector is witnessing unprecedented growth in deployment on a global scale. With numerous countries ramping up their renewable energy efforts, global solar power EPC market is heading forward with strong growth momentum.
Against the backdrop of the urgency to curtail harmful emissions and intensifying threats related to energy security, multiple countries across the globe are shifting towards renewable energy sources. Deployment of solar power on large-scale, across both developed as well as developing countries, is supporting market trends. Global solar EPC market is predicted to exceed an annual installation of 100 GW by 2025.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Trina Solar
2. Canadian Solar
3. First Solar
4. SunPower Corporation
5. Enviromena
6. Akuo Energy
7. Sterling and Wilson
8. Hanwha Q Cells
9. Conergy
10. Bechtel
11. Yingli Green Energy
12. Eiffage
Towering pressure from international regulatory bodies towards reduction of harmful emissions and various developed countries focused on renewable energy capacity addition are other factors impelling solar EPC market. For instance, the United Nations launched the 'Mission 2020' in 2017 as a part of its pioneering initiative towards decarbonization, which declared the state of a 'new urgency' to achieve greenhouse emission reduction targets by 2020.
The residential sector is scaling up its solar power deployment efforts, which offers massive growth potential for solar power EPC market. Regulatory push for the deployment of renewable power along with subsidies and incentives for grid deployment has prompted rapid deployment of solar power in the residential sector. Roof-top solar power installations have become commonplace in the renewable energy space due to various fiscal benefits offered by federal agencies to accelerate installation of solar power. Moreover, enactment of strict building codes and standards across the globe pertaining to the establishment of energy efficient environments is positively impacting solar EPC market outlook in the residential sector.
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Brisk industrial activity worldwide is fueling the need for reliable power parallelly, which brings forth the need for sustainable industrial technologies. Regulatory bodies have been constantly directing efforts towards deployment of renewable energies in the industrial sector. Such measures include renewable energy certificates, green bonds, clean energy drives, and portfolio standards, which are likely to bolster growth prospects of solar EPC market.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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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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