Solar Panel EPC turnkey quotation per 10kW 2025

How big is the Solar EPC market?

The solar EPC market size exceeded USD 407.6 billion in 2024 and is estimated to grow at a CAGR of 8.1% from 2025 to 2034, driven by a focus on sustainability, reduced environmental impact, and alignment with global green initiatives.

How big is the Solar EPC market in 2024?

According to SEIA, in 2024, the United States, installed 41.4 GW in utility scale solar, marking a 33% year-over-year growth. The U.S. solar EPC market size surpassed USD 20.3 billion, USD 32.7 billion and USD 34.3 billion in 2022, 2023 and 2024 respectively.

Who are the key players in solar EPC market?

Some of the major players in the solar EPC industry include Abengoa, BLUELEAF ENERGY, Black & Veatch Holding Company, Bechtel Corporation, BELECTRIC, Canadian Solar, Chint Solar, Eternia Solar, JUWI, Jakson Group, Mahindra Susten.

Why are solar EPC companies focusing on sustainability?

Solar EPC firms are focusing on reducing the environmental impact of their projects, offering sustainable solutions, and aligning with global environmental goals. Investors and customers are increasingly prioritizing companies with strong sustainability practices.

What factors influence the development of solar EPC projects?

Environmental, Social, and Governance (ESG) factors are increasingly influencing the decisions of both developers and investors in the solar EPC industry. Further, digital tools and software are playing an increasingly vital role in the planning, design, and management of solar projects.

How many solar projects will Vikram Solar build in 2025?

In January 2025, the company will build 340 MW of solar PV projects worth USD 3.2 Million for Teraco, Air Liquide, Sasol and Glencore. In January 2025, Vikram Solar, announced the supply order of 1 GW of solar modules.