North America Solar EPC Market Size By Technology (PV, CSP), By Classification (Rooftop, Ground Mounted), By End-Use (Residential, Commercial & Industrial, Utility), 2024 - 2032

North America Solar EPC Market Size By Technology (PV, CSP), By Classification (Rooftop, Ground Mounted), By End-Use (Residential, Commercial & Industrial, Utility), 2024 - 2032

North America Solar EPC Market will witness 6.3% CAGR from 2024 to 2032, driven by enhanced input from leading companies. The push for renewable energy and sustainability has boosted the popularity of solar projects across the continent. Leading the charge, players such as First Solar, SunPower, and Canada Solar use their expertise to develop and operate large-scale solar installations. For instance, in May 2024, Hanwha won a two-year engineering, procurement, and construction (EPC) contract for 450 megawatts (MW) of solar power in the US commercial solar market. Hanwha QCells will provide modules for private equity financed and manufactured solar projects, and Hanwha QCells subsidiary Enable EPC project management.

These companies offer comprehensive EPC services from site research to system design and construction, ensuring the efficiency and reliability of solar energy. Additionally, the government providing renewable energy sources encourages consumer adoption of clean energy solutions, leading to demand for these industry-leading solar EPC services.

The overall North America Solar EPC industry size is classified based on technology, classification, end-use, and country.

The CSP segment will witness significant growth from 2024 to 2032. CSP technology, which uses solar energy to generate energy through glass or mirrors, is gaining momentum due to its ability to provide reliable energy, especially during periods of peak demand. Additionally, to reduce carbon emissions, the demand for CSP installations in the North American solar EPC market is anticipated to increase significantly.

North America solar EPC market revenue from the rooftop segment will register a remarkable CAGR from 2024 to 2032. As businesses and homeowners increasingly prioritize sustainability and energy efficiency, rooftop solar EPC has become popular. Leading companies in the solar EPC industry are responding with tailored solutions for rooftop installation, including skilled engineering, procurement, and construction services. Advances in technology and the cost of the creation of rooftop energy installations have made it a viable option for a wide variety of customers across North America. This trend could drive significant growth in the solar EPC market as more individuals and businesses convert to solar energy.

Mexico solar EPC market will exhibit a reasonable CAGR from 2024 to 2032. With ambitious clean energy goals, Mexico is a key player in the regional solar industry. Leading solar EPC companies are actively involved in solar projects throughout Mexico, providing comprehensive engineering, procurement, and construction services. Furthermore, the Mexican government commits to investments in renewable energy to encourage the development of solar energy and consequently, solar EPC. This leads to significant opportunities for growth and development of the North America solar EPC market.