Solar EPC Market to cross 100 GW annual installations by 2025: Global Market Insights, Inc.

Asia Pacific solar EPC market will gain impetus during the forecast period owing to positive regulatory programs, investment subsidies, self-consumption scheme, renewable integration targets and similar government reforms across the region.

Selbyville, Delaware, Jan. 14, 2019 (GLOBE NEWSWIRE) —

Solar EPC market in the recent years, has witnessed a substantial escalation on account of ongoing deployment of roof-top components across commercial and residential establishments. Roof-top installations subject to fiscal benefits across emerging economies including net metering schemes, subsidies, leveraging & funding have witnessed significant growth. Furthermore, integration of decentralized generation units to cater the rising demand for energy will favor the adoption of sustainable solutions which in turn will strengthen the industry dynamics.

Large-scale utility and industrial installation across the globe have majorly been influenced by regulatory targets and schemes along with energy optimization. Rising focus toward curtailing carbon emissions from power generating plants and large industries pose immense potential for technological development. Moreover, favorable consumer outlook and fiscal benefits accompanied by the development of energy efficient solar components will further escalate the solar EPC market demand.

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PV deployments owing to rapid expansion and restructuring across the solar industry is anticipated to witness substantial growth over the forecast timeline. Positive regulatory mandates including FiT, subsidies, leveraging schemes, tax rebates, and investment tax credits have integrated a positive business scenario. Moreover, the revamping of investment flow and trade policies across emerging nations will further complement the global solar EPC market outlook.

Growing environmental concerns coupled with stringent government mandates to curtail carbon emissions have shifted industrial focus towards the adoption of efficient energy conservation initiatives which in turn will boost the overall solar EPC market. Furthermore, momentous upgrades and variations along with rising cost-competitiveness will drive the industry potential. United Nations in 2017, launched the “Mission 2020” initiative with an aim to introduce “new urgency” through implying decrease in greenhouse gas emissions by 2020.

Browse key industry insights spread across 700 pages with 1309 market data tables & 48 figures & charts from the report, “Solar EPC Market Size By Technology (PV, CSP), By Classification (Rooftop {Up to 1 kW, 1 to 10 kW, 10 to 50 kW, 50 kW to 1 MW}, Ground Mounted {1 to 3 MW, 3 to 10 MW, 10 to 50 MW, > 50 MW}), By End Use (Residential, Commercial, Industrial, Institutional, Utility), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, Switzerland, Netherlands, Sweden, Belgium, Austria, Ukraine, Hungary, Belarus, Turkey, Israel, Iran, Saudi Arabia, Egypt, UAE, Yemen, Jordan, South Africa, Morocco, Algeria, Thailand, Malaysia, Philippines, Cambodia, Kazakhstan, Brazil, Chile, Uruguay, Bangladesh, India, Pakistan, Sri Lanka, China, Japan, South Korea, Australia) Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/solar-epc-market

Solar EPC market across the U.S. is projected to exceed USD 14 billion by 2025. Regulatory measures to decrease the dependence on conventional fuels favored by financial funding to boost renewable energy integration will stimulate the product penetration. Growing fund allocation to replace the existing power plants with sustainable technologies will further augment the industry portfolio. In 2017, the U.S. government, proposed decrease in their tax reforms by reducing their corporate taxes with a target to reinforce the clean energy business potential.

Solar EPC market across Asia Pacific has gained impetus on account of growing renewable investments and favorable government initiatives across the region. Positive regulatory programs, investment subsidies, self-consumption scheme, renewable integration targets and similar government reforms have strengthened the industrial peripheral. Ongoing economic escalation across emerging regions coupled with increasing demand for electricity across developing energy markets have further instituted a favorable business outlook.

Eminent participants across the solar EPC market include Canadian Solar, Trina, First Solar, Enviromena, SunPower, Sterling and Wilson, ALSA, Akuo Energy, Enerparc, Conergy, TBEA, Bechtel, Hanwha Q Cells, Belectric, Yingli Green Energy, Topsun, Juwi, Eiffage and Swinerton.

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