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Europe Solar EPC Market Size
Europe Solar EPC Market was valued at USD 79.1 billion in 2023 and is anticipated to grow at a CAGR of 5.3% from 2024 to 2032. It is a common form of contracting arrangement within the solar energy industry. This type of contract encompasses the comprehensive range of services and responsibilities necessary to design, procure all the necessary materials and components, and construct a complete solar power plant or project.
Shifting focus to renewable energy procurement targets as part of their sustainability strategies along with enhancement of the service offerings by the EPC providers integrating solar-plus-storage solutions to meet the evolving needs of customers and grid operators will stimulate the industry landscape. Additionally, hybrid renewable energy systems, combining solar PV with other renewable energy sources will fuel the industry growth. Furthermore, community solar projects, where multiple stakeholders jointly invest in and benefit from a shared solar installation, are becoming increasingly popular in Europe, thereby driving the business outlook.
Europe Solar EPC Market Report Attributes
| Report Attribute |
Details |
| Base Year: | 2023 |
|---|
| Europe Solar EPC Market Size in 2023: | USD 79.1 Billion |
|---|
| Forecast Period: | 2024 - 2032 |
|---|
| Forecast Period 2024 - 2032 CAGR: | 5.3% |
|---|
| 2032 Value Projection: | USD 124.1 Billion |
|---|
| Historical Data for: | 2019 to 2022 |
|---|
| No. of Pages: | 400 |
|---|
| Tables, Charts & Figures: | 350 |
| Segments covered: | Technology, Classification, End Use and Country |
|---|
| Growth Drivers: | - Restructuring of existing infrastructure along with the integration of sustainable energy
- Volatile energy prices coupled with Intensifying demand for clean energy
- Introduction of industry driven schemes and norms
|
|---|
| Pitfalls & Challenges: | |
|---|
