Utility Solar PV EPC Global Market Report 2026

The utility solar photovoltaic (PV) engineering, procurement, and construction (EPC) refers to the process of designing, procuring materials, and constructing large-scale solar photovoltaic (PV) power plants that are intended to supply electricity to the utility grid. This encompasses the end-to-end process of bringing large-scale solar PV projects from concept to completion, ensuring that they are engineered, procured, and constructed in a cost-effective and efficient manner to generate electricity for utility-scale applications.

The main types of utility solar PV EPC are ground-mounted rooftops. Ground-mounted refers to the installation of solar panels on the ground, typically in open spaces or fields, as opposed to being installed on rooftops. The various storage includes storage, without storage that is used by various end users such as residential, commercial, and utility users.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the utility solar PV EPC market by increasing costs of imported solar modules, inverters, mounting structures, and balance-of-system components. Utility-scale solar projects in North America and Europe are most affected due to reliance on imported photovoltaic equipment, while Asia-Pacific faces pricing volatility in export-driven module manufacturing. These tariffs are increasing project capital expenditure and affecting bid competitiveness. However, they are also encouraging domestic solar manufacturing, regional supply chain localization, and innovation in cost-efficient EPC project designs.

The utility solar pv epc market research report is one of a series of new reports from The Business Research Company that provides utility solar pv epc market statistics, including utility solar pv epc industry global market size, regional shares, competitors with a utility solar pv epc market share, detailed utility solar pv epc market segments, market trends and opportunities, and any further data you may need to thrive in the utility solar pv epc industry. This utility solar pv epc market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The utility solar pv epc market size has grown strongly in recent years. It will grow from $68.31 billion in 2025 to $74.73 billion in 2026 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to expansion of renewable energy capacity targets, declining solar module costs, availability of large-scale land for solar farms, supportive government solar policies, growth of independent power producers.

The utility solar pv epc market size is expected to see strong growth in the next few years. It will grow to $106.37 billion in 2030 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to increasing investments in large-scale solar infrastructure, rising demand for hybrid solar-plus-storage projects, expansion of grid-connected solar capacity, growing adoption of advanced pv technologies, increasing focus on project execution efficiency. Major trends in the forecast period include increasing deployment of utility-scale solar projects, rising adoption of tracking systems for pv plants, growing integration of energy storage with solar epc, expansion of digital project monitoring tools, enhanced focus on cost-optimized epc execution.

The growing demand for electricity and the need for dependable power generation are anticipated to drive the expansion of the utility solar PV EPC market in the future. Electricity is a type of energy produced by the movement of charged particles, usually electrons, through a conductor. As efforts to reduce carbon emissions and tackle climate change intensify, the demand for utility-scale solar photovoltaic (PV) projects is rising. These projects offer a significant and scalable clean energy source, supporting the rapid adoption of solar power and aiding the transition to more sustainable, renewable energy solutions. For example, in September 2024, GOV.UK, a government agency in the UK, reported that renewable energy generation in 2023 remained almost equal to that of 2022, reaching a new peak of 135.8 TWh, a 0.3 percent increase over the previous year. Wind generation saw a 2.2 percent rise, reaching a record 82.3 TWh, while solar generation grew by 4.1 percent, hitting a new high of 13.9 TWh. As a result, the increasing demand for electricity and the need for reliable power generation are fueling the growth of the utility solar PV EPC market.

Major companies operating in the utility solar PV EPC market are experiencing significant growth due to advancements in energy storage technologies. Advancements in energy storage technologies in the utility solar PV EPC enable the development of battery energy storage systems (BESS) that enable round-the-clock power supply, promoting the integration of solar energy into the grid. Energy storage enhances grid reliability and mitigating intermittency issues associated with solar power. For instance, In December 2023, Canadian Solar's e-STORAGE, a Canada-based leading manufacturer of solar modules launched SolBank 3.0, a utility-scale energy storage system with significant improvements. Housed in a 20-ft container, SolBank 3.0 integrates high energy density cells, advanced safety systems, smart liquid cooling, and active balance system controls. It offers a power of up to 2.35 MW and a capacity of 5 MWh, boasting a remarkable up to 45% increase in product-level capacity and up to 40% decrease in the balance of system costs.

In November 2023, Madison Energy Infrastructure (MEI), a US-based clean energy developer, acquired Pro-Tech Energy Solutions for an undisclosed amount. The acquisition is aimed at strengthening MEI's execution capabilities and delivering new projects and solutions for commercial and industrial customers. Pro-Tech based in Moorestown, New Jersey, has built hundreds of distributed solar projects and has a robust pipeline of projects, which will enhance MEI's ability to deliver high-impact clean energy solutions. Pro-Tech Energy Solutions is a US-based renewable energy company that offers utility solar PV EPC.

Major companies operating in the utility solar pv epc market are Power Construction Corporation of China, Larsen & Toubro Limited, Trina Solar Co.Ltd., Canadian Solar Inc., Sungrow Power Supply Co. Ltd., Swinerton Renewable Energy Inc., Risen Energy Co. Ltd., Bharat Heavy Electricals Limited, First Solar Inc., SunPower Corporation, JUWI AG, Tata Power Solar Systems Limited, Sterling and Wilson Private Limited, ACME Solar Holdings Limited, TBEA Co. Ltd., Q Cells Co. Ltd., BElectric, STEAG GmbH, Topsun Energy (Hong Kong) Co. Ltd., ALSA Solar Systems LLC, Eiffage SA, Enerparc AG, Ritis Meera Infra Energy Private Limited, Enerparc AG, Ritis Meera Infra Energy

Asia-Pacific was the largest region in the utility solar PV EPC market in 2025. The regions covered in the utility solar pv epc market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the utility solar pv epc market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The utility solar PV EPC market includes revenues earned by entities by providing operation and maintenance, project management, and grid-interconnection services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Utility Solar PV EPC Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses utility solar pv epc market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
• Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on end user analysis.
• Benchmark performance against key competitors based on market share, innovation, and brand strength.
• Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
• Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for utility solar pv epc ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The utility solar pv epc market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Ground-Mounted; Floating Solar PV EPC
• 2) By Storage: With Storage; Without Storage
• 3) By End User: Commercial; Utility uses
• Subsegments:
• 1) By Ground-Mounted: Fixed Tilt Ground-Mounted Systems; Single Axis Tracking Systems; Dual Axis Tracking Systems
• 2) By Floating Solar PV EPC: Pontoon Based; Raft Based; Hybrid Floating Systems
• Companies Mentioned: Power Construction Corporation of China; Larsen & Toubro Limited; Trina Solar Co.Ltd.; Canadian Solar Inc.; Sungrow Power Supply Co. Ltd.; Swinerton Renewable Energy Inc.; Risen Energy Co. Ltd.; Bharat Heavy Electricals Limited; First Solar Inc.; SunPower Corporation; JUWI AG; Tata Power Solar Systems Limited; Sterling and Wilson Private Limited; ACME Solar Holdings Limited; TBEA Co. Ltd.; Q Cells Co. Ltd.; BElectric; STEAG GmbH; Topsun Energy (Hong Kong) Co. Ltd.; ALSA Solar Systems LLC; Eiffage SA; Enerparc AG; Ritis Meera Infra Energy
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: Word, PDF or Interactive Report
• + Excel Dashboard
• Added Benefits
• Bi-Annual Data Update
• Customisation
• Expert Consultant Support

Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.