Ground Mounted Solar EPC Market By Installation Type (Residential, Commercial, Utility-Scale), By Service (Engineering, Procurement, Construction, Operation & Maintenance), By Component (Solar Panels, Inverters, Mounting Structures), By End-User Industry (Power Generation, Industrial Manufacturing, Utilities, Residential, Commercial), and By Region; Global Insights & Forecast (2023 – 2030)

As per Intent Market Research, the Ground Mounted Solar EPC Market was valued at USD 16.5 Billion in 2024-e and will surpass USD 25.4 Billion by 2030; growing at a CAGR of 7.4% during 2025-2030.

The ground-mounted solar EPC market is experiencing robust growth, driven by increasing energy demands and the global shift toward sustainable energy solutions. With governments and corporations prioritizing renewable energy, ground-mounted solar installations have emerged as a prominent method of harnessing solar power. EPC (Engineering, Procurement, and Construction) services play a crucial role in this market by offering end-to-end solutions for the development of solar power plants. These services include the design, sourcing of components, construction, and maintenance of the solar infrastructure. As the world transitions to cleaner energy sources, the market for ground-mounted solar EPC services is expected to expand significantly, with rising demand for solar energy projects across both developed and emerging economies.

Utility-Scale Installation Segment Is Largest Owing to Growing Energy Demands

The utility-scale installation segment is the largest in the ground-mounted solar EPC market due to its significant role in meeting the growing global demand for clean, renewable energy. Utility-scale solar power plants, often spanning hundreds or thousands of acres, provide large volumes of electricity that can be fed directly into the grid. These projects are typically backed by strong government incentives and are essential in helping countries achieve renewable energy targets. The sheer size of utility-scale installations also benefits from economies of scale, making them more cost-effective compared to smaller projects.

Governments around the world are increasingly investing in utility-scale solar plants as part of their efforts to transition to green energy and reduce carbon footprints. The growing emphasis on energy independence and sustainability has prompted major investments in utility-scale solar projects, particularly in regions like North America, Europe, and Asia-Pacific. As a result, the utility-scale installation subsegment is projected to continue expanding rapidly, with large solar power plants playing a critical role in meeting global energy needs.

Operation & Maintenance (O&M) Service Segment Is Fastest Growing Due to Long-Term Cost Efficiency

The operation and maintenance (O&M) service segment is the fastest growing in the ground-mounted solar EPC market, driven by the increasing importance of maintaining solar plants' efficiency over time. O&M services are essential for ensuring that solar power plants operate at peak performance throughout their lifespan. These services include regular inspections, cleaning of panels, inverter replacements, and software upgrades, all of which are critical to maximizing energy production and minimizing downtime. With the rising number of installed solar plants globally, the demand for O&M services has surged, especially as plant operators seek to lower long-term operational costs.

As the industry matures, asset owners are becoming more focused on maximizing the return on investment (ROI) of their solar installations. The growing focus on predictive maintenance, data-driven solutions, and efficient service contracts has made O&M a crucial component in optimizing solar power plants. Moreover, as solar plants have long operational lifespans (20 to 30 years), O&M services are now seen as a long-term strategic investment, ensuring the plants' continued output and reducing the frequency of costly repairs or component replacements.

Solar Panels Are Largest Component in Ground Mounted Solar EPC Market Due to Market Demand

Solar panels represent the largest component within the ground-mounted solar EPC market, driven by the increasing adoption of photovoltaic (PV) technology. Panels are the primary energy-harvesting component of solar installations, converting sunlight into electricity. As the demand for renewable energy continues to rise, the need for solar panels has surged, making them the dominant component in ground-mounted solar projects. Additionally, ongoing advancements in panel efficiency, cost reduction, and durability are contributing to the growing market for solar panels, further solidifying their role as a central element of solar energy systems.

Technological improvements, such as higher efficiency ratings and more durable materials, are enabling solar panels to perform better and last longer in harsh environmental conditions, which has increased their appeal in large-scale ground-mounted installations. As solar power generation continues to evolve, solar panels remain at the core of ground-mounted systems, and their widespread use in utility-scale and commercial projects ensures that they will continue to dominate the market for the foreseeable future.

Power Generation End-User Industry Is Largest Due to Global Energy Transition

The power generation end-user industry is the largest within the ground-mounted solar EPC market, driven by the global shift toward renewable energy and decarbonization of the energy sector. Ground-mounted solar installations are increasingly being deployed by power generation companies as a significant source of clean energy. These installations contribute to reducing the reliance on fossil fuels, helping countries meet their renewable energy targets and international climate agreements. The continued expansion of solar energy infrastructure within the power generation industry is critical to transitioning toward a low-carbon economy.

The power generation sector is seeing rapid adoption of ground-mounted solar systems, particularly in countries with ambitious sustainability goals and abundant sunlight. With the declining cost of solar technology and the increasing efficiency of solar power plants, the power generation industry remains a key driver of market growth. Utility-scale solar plants, in particular, are contributing a substantial portion of the global electricity supply, making the power generation industry the dominant segment in the solar EPC market.

Asia-Pacific Region Is Fastest Growing in the Ground Mounted Solar EPC Market

The Asia-Pacific region is the fastest growing market for ground-mounted solar EPC services, driven by rapid industrialization, increasing energy consumption, and government initiatives supporting renewable energy. Countries like China, India, and Japan are leading the charge, with large-scale solar projects being implemented across the region. China, in particular, is the world’s largest producer and consumer of solar energy, with numerous utility-scale solar plants already operational and many more in development. India is also experiencing a boom in solar energy projects, particularly in rural and industrial areas, where land availability makes ground-mounted solar installations highly feasible.

As the region continues to urbanize and industrialize, the demand for clean energy is expected to rise exponentially. Governments are playing an active role in this transition by implementing favorable policies, including tax incentives, subsidies, and mandates to increase solar energy adoption. The fast-growing economy, coupled with a strong policy framework supporting solar energy, makes Asia-Pacific a prime region for future solar EPC market expansion.

Leading Companies and Competitive Landscape

The ground-mounted solar EPC market is highly competitive, with leading companies such as First Solar, SunPower Corporation, JinkoSolar, Trina Solar, and Tata Power Solar Systems driving innovation and market growth. These companies offer comprehensive EPC services, including engineering, procurement, and construction, and have been at the forefront of developing large-scale solar projects globally. The competitive landscape is also marked by collaborations between solar component manufacturers and EPC service providers, ensuring a seamless supply chain and efficient project execution.

Additionally, companies are focusing on technological advancements in solar panels, inverters, and mounting structures to enhance the efficiency and cost-effectiveness of ground-mounted solar installations. As the demand for solar power continues to rise, companies are expanding their geographic reach and investing in research and development to improve their offerings. Strategic partnerships, acquisitions, and mergers are also common as companies seek to strengthen their position in the growing market for renewable energy.

List of Leading Companies:

• First Solar, Inc.
• SunPower Corporation
• JinkoSolar Technology Co., Ltd.
• Trina Solar Limited
• Sungrow Power Supply Co., Ltd.
• Tata Power Solar Systems Ltd.
• Sterling and Wilson Pvt. Ltd.
• Enel Green Power
• Iberdrola SA
• Goldwind Science & Technology Co., Ltd.
• Canadian Solar Inc.
• LONGi Solar
• Siemens Gamesa Renewable Energy
• Belectric GmbH
• ACCIONA S.A.

Recent Developments:

• First Solar, Inc. has announced the commencement of a new large-scale utility solar project in North America, aiming to enhance its position in the solar EPC market.
• Trina Solar has secured a major EPC contract for a 1 GW ground-mounted solar power project in India, reinforcing its leadership in the utility-scale solar sector.
• Tata Power Solar Systems Ltd. has inaugurated a new manufacturing facility to ramp up the production of solar panels and components, supporting its growing EPC business in the solar sector.
• Iberdrola has entered a strategic partnership with Enel Green Power to co-develop multiple ground-mounted solar projects in Europe, enhancing their combined EPC offerings.

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