Solar EPC Market Report 2025 (Global Edition)

According to Cognitive Market Research, the global Solar EPC market size will be USD 408624.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 8.50% from 2025 to 2033.,

• North America held the major market share for more than 40% of the global revenue with a market size of USD 163449.80 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2025 to 2033.
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• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 122587.35 million.
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• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 93983.64 million in 2025 and will grow at a compound annual growth rate (CAGR) of 10.5% from 2025 to 2033.
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• Latin America had a market share of more than 5% of the global revenue with a market size of USD 20431.23 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2025 to 2033.
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• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 8172.49 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2025 to 2033.
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• The Ground category is the fastest growing segment of the Solar EPC industry

• Increased Government Initiatives
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• Falling Costs related to product
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• Growing Environmental Concerns

• Intermittency, will limit market growth
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• Land Requirements Restrictions

• Integration with Energy Storage
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• Integration of Digitalization

Market Dynamics of Solar EPC Market

Key Drivers for Solar EPC Market

Increased Government Initiatives to Boost Market Growth

Global adoption of solar energy is being fueled in large part by supportive government policies. Businesses and consumers can now more easily get solar power thanks to subsidies and tax advantages that lower initial costs. Clear objectives are established by renewable energy targets and mandates, which promote investment and innovation in the industry. Policies that ensure equitable remuneration for extra energy generated, such as feed-in tariffs and net metering, further encourage the adoption of solar. Governments are also investing in research and development projects to improve solar technologies. In addition to hastening the switch to clean energy, these actions support environmental sustainability, job creation, and energy independence. To rejuvenate the solar power initiative, the Prime Minister announced the Pradhan Mantri Suryodaya Yojana. The program aims to accelerate decentralized solar power in the country by targeting a specific number of households .

Falling Costs to Drive Market Growth

When compared to conventional energy sources, solar energy is now much more affordable and competitive due to the falling cost of solar panels and associated components. Over the past ten years, price reductions have been fueled by improvements in production techniques, economies of scale, and heightened supplier rivalry. Technology and material advancements have also increased efficiency, bringing down the total cost per watt of solar energy. Additionally, solar systems are now more affordable for homes and businesses due to lower installation and maintenance costs. Solar energy use has increased as a result of this cost reduction and laws that encourage it, which has aided in the global shift to renewable energy.

Restraint Factor for the Solar EPC Market

Intermittency will Limit Market Growth

One major issue with solar power generation is its erratic nature, which is influenced by the day-night cycle and weather. The output of solar panels fluctuates since they only generate energy when sunshine is present. Batteries and other energy storage technologies are essential to addressing this. These systems provide a steady and dependable power supply by storing extra energy produced during bright times for use on overcast days or at night. Lithium-ion and vanadium redox flow batteries are two examples of battery technological advancements that are increasing storage capacity, affordability, and efficiency. In order to maximise the use of renewable energy sources and improve grid stability, energy storage must be integrated with solar systems.

Impact of Covid-19 on the Solar EPC Market

The COVID-19 epidemic has varying effects on the solar EPC (Engineering, Procurement, and Construction) sector. Project schedule delays, supply chain disruptions, and labour shortages brought on by lockdowns and travel restrictions were among the first disturbances. Nonetheless, the industry has shown tenacity as governments gave renewable energy initiatives top priority in an effort to boost the economy. With the help of carbon-neutral targets and green stimulus packages, investment in solar infrastructure grew. Additionally, the epidemic hastened the use of digital tools for remote design and project management. Even though short-term issues hampered the project's implementation, the global trend toward sustainable energy solutions has a bright future.

Introduction of the Solar EPC Market

Companies that offer complete solutions for solar energy projects, from design and engineering to material procurement and construction, are included in the solar EPC (Engineering, Procurement, and Construction) sector. These companies manage the full solar installation lifetime, guaranteeing effective project management and compliance with legal requirements. The growing need for renewable energy and decarbonisation objectives are driving the market, which serves the residential, commercial, and utility-scale sectors. Growth is being fueled by technological advancements, falling solar component costs, and encouraging government regulations. Solar EPC services, which provide simplified, turnkey project solutions, are essential in hastening the uptake of solar energy.

In In July 2023, as part of a deal to build and run a 6.9 MW floating solar power project in Kerala, Ilios Power was awarded the EPC and O&M contracts. The total value of the deal, including GST, was Rs 554 million, with Rs 486 million being quoted for the EPC part., (Source: https://mercomindia.com/ilios-power-wins-epc-contract-projects-in-kerala/p>, {report_scope_end}, , , Company Name, {company_start}, Abengoa, BLUELEAF ENERGY, Black & Veatch Holding Company, Bechtel Corporation, BELECTRIC, Canadian Solar, CHINT SOLAR (ZHEJIANG) CO. LTD., Eternia Solar, JUWI, Jakson Group, Mahindra Susten, L&T Construction, SOLA GROUP, Siemens Gamesa Renewable Energy S.A., Sterling and Wilson Renewable Energy Limited, SUNEL GROUP, Tata Power Solar Systems Ltd., VIKRAM SOLAR LTD., Waaree Energies Ltd., {company_end}, , , company_desc, {company_desc_start},

Competitive Landscape of the Solar EPC Market

Key companies in the fiercely competitive solar EPC market prioritise scalability, cost-effectiveness, and innovation. Leading firms that compete through technology innovations and integrated service offerings include First Solar, Sterling and Wilson, Bechtel, and SunPower. Increasing market presence is often accomplished through partnerships, mergers, and acquisitions. Addressing local needs is another way that regional players contribute. The industry is evolving and competition is getting more fierce due to the rising demand for renewable energy.

Regional Analysis of the Solar EPC Market

Which Region Dominates the Solar EPC Market in 2025?

According to Cognitive Market Research, North America currently dominates the Solar EPCs market, and the region is expected to have significant growth during the projected period. The market for solar EPCs in North America is expanding thanks quickly to favourable regulations, rising renewable energy adoption, and falling solar installation costs. The United States leads the region in terms of business sustainability objectives, tax breaks, and massive solar installations. Technological developments and grid upgrades further fuel growth, and Canada's emphasis on clean energy helps the solar EPC market expand regionally.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Due to strong government support, rising energy consumption, and a move toward renewable energy, the Asia Pacific solar EPC industry is growing quickly. With their extensive solar installations and aggressive renewable energy goals, nations like China, India, and Japan are major providers. The region's shift to solar power is being fueled by technological developments, cost savings, and advantageous legislation, which are boosting market expansion.

Solar EPC Market Mounting Type Segment Analysis

According to Cognitive Market Research, Ground are likely to dominate the Solar EPC Market over the forecast period. The market for ground-mounted solar EPC is expanding significantly due to utility projects and large-scale solar farms. Government incentives, falling solar component costs, and rising demand for renewable energy are important reasons. Ground-mounted systems provide higher efficiency, scalability, and long-term energy generation. This trend, which promotes market expansion, is especially noticeable in areas with plenty of land and advantageous sunlight.

The Rooftop is the fastest-growing segment in the Solar EPC Market. As more homes and businesses choose solar solutions for sustainability and energy independence, the rooftop solar EPC industry is growing. Rising energy prices, government incentives, and lower installation costs drive this expansion. Rooftop systems provide effective power generation and lower carbon footprints, making them perfect for urban locations with limited land area. Growing environmental consciousness and technology improvements are driving the market.

Solar EPC Market Technology Segment Analysis

According to Cognitive Market Research, the Concentrated Solar Power segment holds the largest share of the market. The market for solar EPC is expanding due to concentrated solar power (CSP), especially in areas with high sun radiation. CSP systems direct sunlight onto a central receiver through mirrors or lenses, producing heat that is used to generate electricity. Government incentives, technology developments, and rising investments in clean energy infrastructure all help CSP projects meet the growing demand for large-scale, effective renewable energy solutions.

In the Solar EPC Market, the Photovoltaic has been expanding at a rapid pace. As photovoltaic (PV) technology continues to gain traction, it is a key factor propelling the solar EPC market's expansion. Solar power is becoming more affordable for utility-scale, commercial, and residential installations because of government incentives, decreasing costs, and improvements in PV panel efficiency. The need for affordable, sustainable energy solutions drives the PV sector's expansion within the solar EPC industry.

Solar EPC Market End-user Segment Analysis

According to Cognitive Market Research, Residential holds the largest market share. As homeowners look for sustainability, cost savings, and energy independence, the residential solar EPC industry is expanding quickly—rising electricity prices, declining installation costs, and government incentives fuel adoption. More homes are making rooftop solar system investments because of developments in solar technology and convenient financing alternatives. As the need for clean energy solutions increases, this market is predicted to keep growing.

In the Solar EPC market, the rapidly growing sector is Commercial. As companies prioritise sustainability, energy cost reductions, and carbon footprint reduction, the commercial solar EPC market is expanding. Government subsidies, renewable energy objectives, and rising electricity costs encourage businesses to use solar solutions. Large-scale ground-mounted and rooftop installations improve corporate social responsibility while providing notable energy savings. As more companies realise the long-term advantages of solar energy, the industry is growing.

• The global Solar EPC market will expand significantly by 8.50% CAGR between 2025 and 2033.
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• The integration of energy storage systems, such as batteries, is becoming increasingly important to address the intermittency of solar power. .
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• The use of digital technologies, such as drones, AI, and IoT, is improving project planning, monitoring, and maintenance

According to Cognitive Market Research, the global Solar EPC market size was estimated at USD 408624.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 267808.60 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2025 to 2033.

• According to Cognitive Market Research, the US had a major share in the Solar EPC market with a market size of USD 128961.89 million in 2025 and is projected to grow at a CAGR of 6.5% during the forecast period. The U.S. market's renewable energy policies
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• The Canada Solar EPC market had a market share of USD 19613.98 million in 2025 and is projected to grow at a CAGR of 7.5% during the forecast period. Canada’s climate change initiatives.
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• The Mexico Solar EPC market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 14873.93 million in 2025.

According to Cognitive Market Research, the global Solar EPC market size was estimated at USD 408624.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 200856.45 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2025 to 2033.

• The United Kingdom Solar EPC market had a market share of USD 20594.67 million in 2025 and is projected to grow at a CAGR of 7.8% during the forecast period. In the UK, Solar EPC sales witness an upswing due to the cost reductions.
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• The France Solar EPC market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 11278.04 million in 2025.
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• According to Cognitive Market Research, the German Solar EPC market size was valued at USD 24272.30 million in 2025 and is projected to grow at a CAGR of 7.2% during the forecast period. In Germany, Solar EPC surged due to the government incentives.
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• The Italy Solar EPC market is projected to witness growth at a CAGR of 6.4% during the forecast period, with a market size of USD 10542.51 million in 2025.
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• The Russia Solar EPC market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 19001.04 million in 2025.
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• The Spain Solar EPC market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 10052.16 million in 2025
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• The Luxembourg Solar EPC market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 3800.21 million in 2025.
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• The Portugal Solar EPC market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 2574.33 million in 2025.
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• The Greece Solar EPC market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 1471.05 million in 2025.
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• The Rest of Europe's Solar EPC market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 19001.04 million in 2025.

According to Cognitive Market Research, the global Solar EPC market size was estimated at USD 408624.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 93983.64 million in 2025 and will grow at a compound annual growth rate (CAGR) of 10.5% from 2025 to 2033.

• According to Cognitive Market Research, the China Solar EPC market size was valued at USD 42292.64 million in 2025 and is projected to grow at a CAGR of 10.0% during the forecast period. Solar EPC surged in China due to technological advancements.
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• The Japan Solar EPC market is projected to witness growth at a CAGR of 9.0%, during the forecast period, with a market size of USD 12969.74 million in 2025.
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• The India Solar EPC market had a market share of USD 11278.04 million in 2025 and is projected to grow at a CAGR of 12.3% during the forecast period. India's energy independence goals.
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• The South Korean Solar EPC market is projected to witness growth at a CAGR of 9.6% during the forecast period, with a market size of USD 9398.36 million in 2025.
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• The Australian Solar EPC market is projected to witness growth at a CAGR of 10.2%, during the forecast period, with a market size of USD 4887.15 million in 2025.
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• The South East Asia Solar EPC market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 6484.87 million in 2025.
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• The Rest of Asia Pacific Solar EPC market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 6672.84 million in 2025.

According to Cognitive Market Research, the global Solar EPC market size was estimated at USD 408624.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 20431.23 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2025 to 2033.

• According to Cognitive Market Research, the Brazil Solar EPC market size was valued at USD 8744.56 million in 2025 and is projected to grow at a CAGR of 8..5% during the forecast period. Solar EPCs flourished in Brazil due to rising electricity demand.
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• Argentina's Solar EPC market had a market share of USD 3432.45 million in 2025 and is projected to grow at a CAGR of 8.8% during the forecast period. Argentina's private investments.
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• Colombia Solar EPC market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 1818.38 million in 2025.
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• Peru Solar EPC market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 1675.36 million in 2025.
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• Chile Solar EPC market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 1471.05 million in 2025.
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• The Rest of Latin America's Solar EPC market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 3289.43 million in 2025.

According to Cognitive Market Research, the global Solar EPC market size was estimated at USD 408624.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 8172.49 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2025 to 2033..

• The GCC Countries Solar EPC market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 3497.83 million in 2025. Solar EPC sales flourish due to the industrial decarbonisation.
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• The Egypt Solar EPC market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 858.11 million in 2025.
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• The South Africa Solar EPC market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 1291.25 million in 2025. Solar EPC sales flourished in South Africa due to green energy adoption.
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• The Turkey Solar EPC market is projected to witness growth at a CAGR of 7.7%, during the forecast period, with a market size of USD 702.83 million in 2025.
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• The Nigeria Solar EPC market is projected to witness growth at a CAGR of 7.3%, during the forecast period, with a market size of USD 858.11 million in 2025.
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• The Rest of the MEA Solar EPC market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 964.35 million in 2025.