Solar PV EPC Market Strategies and Share 2031
An EPC is defined as a contractor that accepts the full responsibility for a solar PV project or part thereof. Full responsibility includes services such as design, engineering, procurement, construction & project management.
MARKET DYNAMICS
The solar industry is witnessing a significant upsurge in the adoption of PV modules owing to rising clean energy requirements across the power grid. Growing emphasis on centralized electrical networks along with the deployment of large-scale renewable projects will fuel the demand for >10 MW to 50 MW capacity. Frequent power outages and the lack of efficient electrical infrastructure shift facilities toward self-sufficient power generation sources will fuel the utility solar PV EPC market expansion.
MARKET SCOPE
The ˜Global Solar PV EPC Market' is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the solar PV EPC market with detailed market segmentation by capacity, application. The global Solar PV EPC market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Solar PV EPC market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
1. By Capacity: On the basis of capacity the market is divided into 10 MW, >10 MW to 50 MW, >50 MW to 200 MW, >200 MW.
2. By Application: On the basis of Application the market is divided into Residential, Commercial and Utility uses.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Solar PV EPC market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Solar PV EPC market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Solar PV EPC market in these regions.
IMPACT OF COVID 19
The outbreak of the novel coronavirus (COVID-19), and the possibility of prolonged quarantine and mitigation responses, will impact manufacturing and supply of key equipment and materials used in the construction of solar energy facilities. The COVID-19 outbreak did not significantly impact the solar energy market, as growth was witnessed in the solar PV installed capacity in 2021 compared to 2021. The cumulative growth in electricity generation by solar energy sources also accelerated in 2021.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Solar PV EPC market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Solar PV EPC market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Solar PV EPC market in these regions.
IMPACT OF COVID 19
The outbreak of the novel coronavirus (COVID-19), and the possibility of prolonged quarantine and mitigation responses, will impact manufacturing and supply of key equipment and materials used in the construction of solar energy facilities. The COVID-19 outbreak did not significantly impact the solar energy market, as growth was witnessed in the solar PV installed capacity in 2021 compared to 2021. The cumulative growth in electricity generation by solar energy sources also accelerated in 2021.
MARKET PLAYERS
The report covers vital developments in the Solar PV EPC Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the Solar PV EPC Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Solar PV EPC in the global market. Below mentioned is the list of a few companies engaged in the Solar PV EPC Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Solar PV EPC market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- SunPower Corporation
- SUNGROW
- Bharat Heavy Electricals Limited
- Sterling and Wilson
- Swinerton Renewable Energy
- Risen Energy
- Tata Power Solar Systems
- Power Construction Corporation of China
- Ritis Meera Infra Energy
- ACME Solar
- Eiffage
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Solar PV EPC Market - By Capacity
1.3.2Solar PV EPC Market - By Application
1.3.3Solar PV EPC Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.SOLAR PV EPC MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.EXPERT OPINIONS
5.SOLAR PV EPC MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.SOLAR PV EPC MARKET - GLOBAL MARKET ANALYSIS
6.1.SOLAR PV EPC - GLOBAL MARKET OVERVIEW
6.2.SOLAR PV EPC - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.SOLAR PV EPC MARKET - REVENUE AND FORECASTS TO 2028 " CAPACITY
7.1.OVERVIEW
7.2.CAPACITY MARKET FORECASTS AND ANALYSIS
7.3.BELOW 10 MW
7.3.1.Overview
7.3.2.Below 10 MW Market Forecast and Analysis
7.4.10 MW TO 50 MW
7.4.1.Overview
7.4.2.10 MW to 50 MW Market Forecast and Analysis
7.5.50 MW TO 200 MW
7.5.1.Overview
7.5.2.50 MW to 200 MW Market Forecast and Analysis
7.6.ABOVE 200 MW.
7.6.1.Overview
7.6.2.Above 200 MW. Market Forecast and Analysis
8.SOLAR PV EPC MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.RESIDENTIAL
8.3.1.Overview
8.3.2.Residential Market Forecast and Analysis
8.4.COMMERCIAL
8.4.1.Overview
8.4.2.Commercial Market Forecast and Analysis
8.5.UTILITY USES
8.5.1.Overview
8.5.2.Utility uses Market Forecast and Analysis
9.SOLAR PV EPC MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Solar PV EPC Market Overview
9.1.2North America Solar PV EPC Market Forecasts and Analysis
9.1.3North America Solar PV EPC Market Forecasts and Analysis - By Capacity
9.1.4North America Solar PV EPC Market Forecasts and Analysis - By Application
9.1.5North America Solar PV EPC Market Forecasts and Analysis - By Countries
9.1.5.1United States Solar PV EPC Market
9.1.5.1.1United States Solar PV EPC Market by Capacity
9.1.5.1.2United States Solar PV EPC Market by Application
9.1.5.2Canada Solar PV EPC Market
9.1.5.2.1Canada Solar PV EPC Market by Capacity
9.1.5.2.2Canada Solar PV EPC Market by Application
9.1.5.3Mexico Solar PV EPC Market
9.1.5.3.1Mexico Solar PV EPC Market by Capacity
9.1.5.3.2Mexico Solar PV EPC Market by Application
9.2.EUROPE
9.2.1Europe Solar PV EPC Market Overview
9.2.2Europe Solar PV EPC Market Forecasts and Analysis
9.2.3Europe Solar PV EPC Market Forecasts and Analysis - By Capacity
9.2.4Europe Solar PV EPC Market Forecasts and Analysis - By Application
9.2.5Europe Solar PV EPC Market Forecasts and Analysis - By Countries
9.2.5.1Germany Solar PV EPC Market
9.2.5.1.1Germany Solar PV EPC Market by Capacity
9.2.5.1.2Germany Solar PV EPC Market by Application
9.2.5.2France Solar PV EPC Market
9.2.5.2.1France Solar PV EPC Market by Capacity
9.2.5.2.2France Solar PV EPC Market by Application
9.2.5.3Italy Solar PV EPC Market
9.2.5.3.1Italy Solar PV EPC Market by Capacity
9.2.5.3.2Italy Solar PV EPC Market by Application
9.2.5.4Spain Solar PV EPC Market
9.2.5.4.1Spain Solar PV EPC Market by Capacity
9.2.5.4.2Spain Solar PV EPC Market by Application
9.2.5.5United Kingdom Solar PV EPC Market
9.2.5.5.1United Kingdom Solar PV EPC Market by Capacity
9.2.5.5.2United Kingdom Solar PV EPC Market by Application
9.2.5.6Russia Solar PV EPC Market
9.2.5.6.1Russia Solar PV EPC Market by Capacity
9.2.5.6.2Russia Solar PV EPC Market by Application
9.2.5.7Rest of Europe Solar PV EPC Market
9.2.5.7.1Rest of Europe Solar PV EPC Market by Capacity
9.2.5.7.2Rest of Europe Solar PV EPC Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Solar PV EPC Market Overview
9.3.2Asia-Pacific Solar PV EPC Market Forecasts and Analysis
9.3.3Asia-Pacific Solar PV EPC Market Forecasts and Analysis - By Capacity
9.3.4Asia-Pacific Solar PV EPC Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Solar PV EPC Market Forecasts and Analysis - By Countries
9.3.5.1Australia Solar PV EPC Market
9.3.5.1.1Australia Solar PV EPC Market by Capacity
9.3.5.1.2Australia Solar PV EPC Market by Application
9.3.5.2China Solar PV EPC Market
9.3.5.2.1China Solar PV EPC Market by Capacity
9.3.5.2.2China Solar PV EPC Market by Application
9.3.5.3India Solar PV EPC Market
9.3.5.3.1India Solar PV EPC Market by Capacity
9.3.5.3.2India Solar PV EPC Market by Application
9.3.5.4Japan Solar PV EPC Market
9.3.5.4.1Japan Solar PV EPC Market by Capacity
9.3.5.4.2Japan Solar PV EPC Market by Application
9.3.5.5South Korea Solar PV EPC Market
9.3.5.5.1South Korea Solar PV EPC Market by Capacity
9.3.5.5.2South Korea Solar PV EPC Market by Application
9.3.5.6Rest of Asia-Pacific Solar PV EPC Market
9.3.5.6.1Rest of Asia-Pacific Solar PV EPC Market by Capacity
9.3.5.6.2Rest of Asia-Pacific Solar PV EPC Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Solar PV EPC Market Overview
9.4.2Middle East and Africa Solar PV EPC Market Forecasts and Analysis
9.4.3Middle East and Africa Solar PV EPC Market Forecasts and Analysis - By Capacity
9.4.4Middle East and Africa Solar PV EPC Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Solar PV EPC Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Solar PV EPC Market
9.4.5.1.1South Africa Solar PV EPC Market by Capacity
9.4.5.1.2South Africa Solar PV EPC Market by Application
9.4.5.2Saudi Arabia Solar PV EPC Market
9.4.5.2.1Saudi Arabia Solar PV EPC Market by Capacity
9.4.5.2.2Saudi Arabia Solar PV EPC Market by Application
9.4.5.3U.A.E Solar PV EPC Market
9.4.5.3.1U.A.E Solar PV EPC Market by Capacity
9.4.5.3.2U.A.E Solar PV EPC Market by Application
9.4.5.4Rest of Middle East and Africa Solar PV EPC Market
9.4.5.4.1Rest of Middle East and Africa Solar PV EPC Market by Capacity
9.4.5.4.2Rest of Middle East and Africa Solar PV EPC Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Solar PV EPC Market Overview
9.5.2South and Central America Solar PV EPC Market Forecasts and Analysis
9.5.3South and Central America Solar PV EPC Market Forecasts and Analysis - By Capacity
9.5.4South and Central America Solar PV EPC Market Forecasts and Analysis - By Application
9.5.5South and Central America Solar PV EPC Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Solar PV EPC Market
9.5.5.1.1Brazil Solar PV EPC Market by Capacity
9.5.5.1.2Brazil Solar PV EPC Market by Application
9.5.5.2Argentina Solar PV EPC Market
9.5.5.2.1Argentina Solar PV EPC Market by Capacity
9.5.5.2.2Argentina Solar PV EPC Market by Application
9.5.5.3Rest of South and Central America Solar PV EPC Market
9.5.5.3.1Rest of South and Central America Solar PV EPC Market by Capacity
9.5.5.3.2Rest of South and Central America Solar PV EPC Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.SOLAR PV EPC MARKET, KEY COMPANY PROFILES
11.1.SUNPOWER CORPORATION
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.SUNGROW
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.BHARAT HEAVY ELECTRICALS LIMITED
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.STERLING AND WILSON
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.SWINERTON RENEWABLE ENERGY
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.RISEN ENERGY
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.TATA POWER SOLAR SYSTEMS
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.POWER CONSTRUCTION CORPORATION OF CHINA
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.RITIS MEERA INFRA ENERGY
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.ACME SOLAR
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
11.11.EIFFAGE
11.11.1.Key Facts
11.11.2.Business Description
11.11.3.Products and Services
11.11.4.Financial Overview
11.11.5.SWOT Analysis
11.11.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1.SunPower Corporation
2.SUNGROW
3.Bharat Heavy Electricals Limited
4.Sterling and Wilson
5.Swinerton Renewable Energy
6.Risen Energy
7.Tata Power Solar Systems
8.Power Construction Corporation of China
9.Ritis Meera Infra Energy
10.ACME Solar
11.Eiffage
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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