Key Factor Supporting Utility Solar PV EPC Market Development in 2025: Expanding Electricity Demand and Renewable Energy Shifts Fuel Growth in Utility Solar PV EPC Market

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Utility Solar PV EPC Market Size By 2025?
In recent times, the utility solar pv epc market has witnessed a significant expansion. The market is projected to advance from a worth of $61.94 billion in 2024 to $68.31 billion in 2025, rising at a compound annual growth rate (CAGR) of 10.3%. Factors such as government regulations and rewards, financial feasibility, renewable energy objectives, public and environmental backing, stability and reliability of the grid, and the worldwide energy transition have been key contributors to the historical expansion rate.

How Big Is the Utility Solar PV EPC Market Size Expected to Grow by 2029?
In the coming years, the utility solar pv epc market size is projected to witness robust growth, escalating to a value of $97.53 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 9.3%. Factors contributing to this growth during the forecast period include advancements in project finance, incorporation of energy storage, competitive procurement procedures, corporate power purchase contracts (PPAs), global energy demand dynamics, and climate change mitigation objectives. Key trends driving the market during this period encompass energy storage integration, hybrid solar projects, digital twin technology, grid-forming inverters, floating solar farms, decentralized solar power facilities, bidirectional inverters for grid services, community solar efforts, and sophisticated weather forecasting for solar farms.

View the full report here:
https://www.thebusinessresearchcompany.com/report/utility-solar-pv-epc-global-market-report

Which Key Market Drivers Powering Utility Solar PV EPC Market Expansion and Growth?
The surge in the requirement for electricity and a dependable power generation system appears to be propelling the advancement of the utility solar PV EPC market. Electricity is an energy created by the movement of charged particles, usually electrons, through a conductor. The demand for generating electricity from utility-scale solar photovoltaic (PV) projects is on the rise as it provides a substantial, scalable source of clean energy to mitigate carbon emissions and tackle climate change. This further accelerates the deployment of solar energy and supports the shift towards more sustainable and renewable energy resources. For example, as per the UK government agency, GOV.UK, in September 2024, renewable energy yield in 2023 almost equaled that of 2022, hitting a fresh peak of 135.8 TWh, an increase of 0.3 percent from the prior year. Meanwhile, wind energy production rose by 2.2 percent to a historic high of 82.3 TWh, and solar generation amplified by 4.1 percent, achieving an unprecedented 13.9 TWh. Consequently, the escalating demand for electricity and the need for dependable power generation are fueling the growth of the utility solar PV EPC market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14217&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Utility Solar PV EPC Market?
Major firms in the utility solar PV EPC market are witnessing substantial expansion, thanks to advancements in energy storage technologies. These improvements in the utility solar PV EPC's energy storage facilitate the creation of battery energy storage systems (BESS), promoting a constant power supply and the integration of solar energy into the grid. This helps enhance grid reliability and reduces the intermittency problems related to solar power. For example, Canadian Solar's e-STORAGE, a premier solar modules manufacturer in Canada, unveiled SolBank 3.0 in December 2023. This utility-scale energy storage system packs considerable refinements and is housed in a 20-ft container. SolBank 3.0 amalgamates high energy density cells, evolved safety systems, intelligent liquid cooling, and dynamic balance system controls. It can deliver up to 2.35 MW of power and a capacity of 5 MWh, representing an impressive increase of up to 45% in product-level capacity and a reduction of up to 40% in system balance costs.

What Are the Emerging Segments in the Utility Solar PV EPC Market?
The utility solar pv epcmarket covered in this report is segmented -

1) By Type: Ground-Mounted, Rooftop
2) By Storage: With Storage, Without Storage
3) By End User: Residential, Commercial, Utility uses

Subsegments:
1) By Ground-Mounted: Fixed Tilt Ground-Mounted Systems, Single Axis Tracking Systems, Dual Axis Tracking Systems
2) By Rooftop: Residential Rooftop Systems, Commercial Rooftop Systems, Industrial Rooftop Systems

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=14217&type=smp

Who Are the Global Leaders in the Utility Solar PV EPC Market?
Major companies operating in the utility solar PV EPC market are Power Construction Corporation of China, Larsen & Toubro Limited, Trina Solar Co.Ltd., Canadian Solar Inc., Sungrow Power Supply Co. Ltd., Swinerton Renewable Energy Inc., Risen Energy Co. Ltd., Bharat Heavy Electricals Limited, First Solar Inc., SunPower Corporation, JUWI AG, Tata Power Solar Systems Limited, Sterling and Wilson Private Limited, ACME Solar Holdings Limited, TBEA Co. Ltd., Q Cells Co. Ltd., BElectric, STEAG GmbH, Topsun Energy (Hong Kong) Co. Ltd., ALSA Solar Systems LLC, Eiffage SA, Enerparc AG, Ritis Meera Infra Energy Private Limited, Enerparc AG, Ritis Meera Infra Energy

Which are the Top Profitable Regional Markets for the Utility Solar PV EPC Industry?
Asia-Pacific was the largest region in the utility solar PV EPC market in 2024. The regions covered in the utility solar PV EPC market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14217

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.