Ground Mounted Solar EPC Market Size - By Capacity (1 to 3 MW, 3 to 10 MW, 10 to 50 MW, > 50 MW), By End Use (Commercial & Industrial, Utility), Regional Outlook & Forecast, 2024 – 2032

Ground Mounted Solar EPC Market Size - By Capacity (1 to 3 MW, 3 to 10 MW, 10 to 50 MW, > 50 MW), By End Use (Commercial & Industrial, Utility), Regional Outlook & Forecast, 2024 – 2032

Ground mounted solar EPC market size is estimated to register over 4.2% CAGR between 2024 and 2032 driven by higher adoption of renewable energy. These installations offer significant advantages over rooftop systems, such as larger scale and easier access to optimal sunlight conditions, making them ideal for utility-scale solar projects. As countries worldwide intensify efforts to reduce carbon emissions and achieve renewable energy targets, ground-mounted solar projects will provide a reliable source of clean energy capable of meeting substantial electricity demand. For instance, in March 2024, Maharashtra State Power Generation Co. Ltd. launched a tender for the EPC package for grid-connected ground-mounted solar PV projects.

The declining costs of solar PV technology and components, coupled with favorable government policies and incentives are encouraging investments in ground-mounted solar EPC projects. These policies also include feed-in tariffs, tax credits, and subsidies for promoting renewable energy development and enhancing energy security. Rapid technological advancements in solar panel efficiency and storage solutions will also contribute to the market growth.

The overall industry is classified into capacity, application, and region.

Ground mounted solar EPC market from the > 50 MW segment will gain notable traction during 2024-2032 due to the increasing shift towards large-scale solar installations that offer economies of scale and higher energy output. Projects exceeding 50 MW are particularly attractive to utility companies and large investors as they can generate substantial amounts of electricity.

In terms of application, the ground mounted solar EPC market from the commercial & industrial segment will witness a strong CAGR through 2032. This is owing to the increasing adoption of solar energy to reduce operational costs, enhance sustainability, and achieve energy independence. Commercial & industrial facilities, including warehouses, factories, and office buildings, are installing ground-mounted solar systems to capitalize on available land or rooftops for efficient solar panel placement.

Europe ground mounted solar EPC industry size will witness rapid expansion over 2024-2032, attributed to ambitious renewable energy targets, supportive regulatory frameworks, and technological advancements in solar PV systems. European countries, including Germany, Spain, and France, have committed to significant renewable energy goals under the European Green Deal, aiming for carbon neutrality by 2050. This factor is likely to influence the regional market growth.