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North America Solar EPC Market Share

Report ID: GMI8917
Published Date: Apr 2024
Report Format: PDF

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North America Solar EPC Market Share

Abengoa, Bechtel Corporation, BHEL, Black & Veatch Holding Company, Canadian Solar, VIKRAM SOLAR LTD. are some leading industry players. Many corporations are committing to sourcing a significant portion of their energy needs from renewable sources as part of their sustainability goals. By partnering with other firms or entering into strategic agreements, EPC companies can access new geographic markets, target different customer segments, or offer additional services including energy storage integration, O&M (Operations and Maintenance), or financing solutions, thereby expanding the market reach.

North America Solar EPC Market Companies

Key market players operating across the North America Solar EPC industry include:

Abengoa
Bechtel Corporation
BHEL
Black & Veatch Holding Company
Canadian Solar
JUWI
L&T CONSTRUCTION
Siemens Gamesa Renewable Energy, S.A.
SynerGen Solar
VIKRAM SOLAR LTD.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

North America Solar EPC industry size was registered at USD 33.8 billion in 2023 and will grow at a 6.3% CAGR between 2024 and 2032, propelled by increasing environmental awareness and corporate sustainability goals coupled with supportive government policies and incentives.

The ground mounted solar EPC market will record more than 5.5% industry share by 2032, primarily due to vast open spaces suitable for solar installations, favorable government policies, and declining costs of solar technology.

The PV solar EPC will achieve USD 56.5 billion by 2032, driven by increasing demand for a commercially viable, dependable, and efficient solution with substantial potential for long-term growth in renewable energy.

Prominent companies, including Abengoa, Bechtel Corporation, BHEL, Black & Veatch Holding Company, Canadian Solar, JUWI, L&T Construction, Siemens Gamesa Renewable Energy, S.A., SynerGen Solar, Vikram Solar Ltd are operating in the North America Solar EPC industry.