Report Overview:
Utility Solar PV EPC Services encompass the end-to-end solutions delivered by Engineering, Procurement, and Construction (EPC) contractors for large-scale solar photovoltaic projects. These services include feasibility studies, design, equipment procurement, installation, and ongoing maintenance of utility-grade solar power plants. The sector primarily serves commercial and industrial clients requiring grid-connected renewable energy solutions.
The market growth is driven by increasing investments in renewable energy infrastructure, government incentives for solar adoption, and corporate sustainability commitments. However, challenges such as supply chain disruptions and land acquisition complexities persist. Leading players like First Solar, Canadian Solar, and Larsen & Toubro Limited dominate the market through technological innovations and strategic project deployments across emerging markets.
Market Value:
Global Utility Solar PV EPC Services market size was valued at USD 10.96 billion in 2023 and is projected to grow from USD 11.8 billion in 2024 to USD 18.12 billion by 2030, exhibiting a CAGR of 7.6% during the forecast period. CAGR of 7.6% (2024 – 2032)
