Market Overview:
The global photovoltaic system EPC market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electricity and the rising concerns about climate change. The global photovoltaic system EPC market can be segmented on the basis of type into centralized photovoltaic EPC and distributed photovoltaic EPC. Centralized photovoltaic power stations are more common than distributed ones, as they offer economies of scale benefits. However, with technological advancements, distributed solar systems are becoming more popular due to their ability to provide power closer to where it is consumed. This helps reduce line losses and transmission costs associated with centralized systems. On the basis of application, the global photovoltaic system EPC market can be divided into centralized PV power stations and cloth PV power stations. Centralized PV power stations are those that use large-scale solar arrays that feed electricity directly into a grid or local utility company’s network.
Product Definition:
An EPC contractor is responsible for the engineering, procurement, and construction (EPC) of a photovoltaic system. The contractor typically works with the customer to design a system that meets their needs and then oversees its construction. An EPC contract is an agreement between the customer and contractor in which the contractor agrees to provide all of the necessary services and materials for installing a photovoltaic system.
Centralized Photovoltaic EPC:
Centralized photovoltaic EPC (CPV-EPC) is a new term in the PV industry. It is used to refer to a type of solar power plant which uses only one kind of technology for manufacturing electricity, namely solar panels. Such plants are usually located in remote areas where other energy sources are not available and grid connection can be very difficult or even impossible.
Distributed Photovoltaic EPC:
Distributed photovoltaic (D-PV) is a collection of solar energy panels that are located at different places and connected by wires. It uses the sun's rays to generate electricity in contrast to conventional solar power plants, which use concentrated sunlight. D-PV systems have numerous advantages over conventional power plants; for instance, they can provide power even during the night if necessary. They also help in reducing carbon emissions as they do not rely on fossil fuels for their operation.
Application Insights:
The centralized photovoltaic power station application segment dominated the global market in terms of revenue share in 2017. The growth can be attributed to growing demand for renewable energy as an alternative source of energy supply and also due to supportive government policies. Increasing focus on reducing greenhouse gas emissions is driving the need for solar-based electricity generation, which, in turn, is propelling demand for PV systems across the globe.
Distributed photovoltaic power stations are expected to witness significant growth over the forecast period owing to increasing number of distributed generation projects that involve small-scale PV installations at homes and businesses. Such installations do not require large land areas or costly infrastructure; hence they offer cost-effective solutions compared with other forms of renewable energy generation such as wind turbines or hydropower plants.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2016 and is expected to continue its dominance over the forecast period. The region has witnessed a growing adoption of solar power due to favorable government policies, increasing awareness about environmental protection, and rising demand for clean energy sources. China is anticipated to dominate the regional market over the forecast period owing to large-scale investments in renewable energy projects by state-owned companies such as China Energy Group and China General Nuclear Power Corp (CGN). In addition, supportive government policies encouraging FDI are projected to boost PV capacity expansion across several countries including India, Japan, Malaysia & Vietnam.
North America was valued at USD X billion in 2016 owing with presence of prominent players such as SunPower Corporation; Canadian Solar Inc.; SMA Solar Technology AG; Renesola Ltd.;REC Solaire Deutschland GmbH & Co., WERKE OG BEGLEITBADENFRAU GMBH & CO.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting renewable energy sources
- Reduction in the cost of solar photovoltaic (PV) systems
- Growing awareness about the benefits of solar PV systems among consumers and businesses
- Advancements in technology that make solar PV systems more efficient and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Photovoltaic System EPC Market Research Report
By Type
Centralized Photovoltaic EPC, Distributed Photovoltaic EPC
By Application
Centralized Photovoltaic Power Station, Cloth Photovoltaic Power Station
By Companies
Prodiel Corporation, Sterling & Wilson, Tata Power, Greenko, ALSA Solar Systems, Enerparc AG, Q Cells, Conergy, TBEA, Bechtel, Yingli Green Energy, Juwi AG, Belectric, Eiffage, Topsun Energy Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Photovoltaic System EPC Market Report Segments:
The global Photovoltaic System EPC market is segmented on the basis of:
Types
Centralized Photovoltaic EPC, Distributed Photovoltaic EPC
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Centralized Photovoltaic Power Station, Cloth Photovoltaic Power Station
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Prodiel Corporation
- Sterling & Wilson
- Tata Power
- Greenko
- ALSA Solar Systems
- Enerparc AG
- Q Cells
- Conergy
- TBEA
- Bechtel
- Yingli Green Energy
- Juwi AG
- Belectric
- Eiffage
- Topsun Energy Limited
Highlights of The Photovoltaic System EPC Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Centralized Photovoltaic EPC
- Distributed Photovoltaic EPC
- By Application:
- Centralized Photovoltaic Power Station
- Cloth Photovoltaic Power Station
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Photovoltaic System EPC Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A photovoltaic system (PV) EPC is a company that provides engineering, procurement, construction and installation services for solar PV systems.
Some of the major companies in the photovoltaic system epc market are Prodiel Corporation, Sterling & Wilson, Tata Power, Greenko, ALSA Solar Systems, Enerparc AG, Q Cells, Conergy, TBEA, Bechtel, Yingli Green Energy, Juwi AG, Belectric, Eiffage, Topsun Energy Limited.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photovoltaic System EPC Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Photovoltaic System EPC Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Photovoltaic System EPC Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Photovoltaic System EPC Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Photovoltaic System EPC Market Size & Forecast, 2018-2028 4.5.1 Photovoltaic System EPC Market Size and Y-o-Y Growth 4.5.2 Photovoltaic System EPC Market Absolute $ Opportunity
Chapter 5 Global Photovoltaic System EPC Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Photovoltaic System EPC Market Size Forecast by Type
5.2.1 Centralized Photovoltaic EPC
5.2.2 Distributed Photovoltaic EPC
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Photovoltaic System EPC Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Photovoltaic System EPC Market Size Forecast by Applications
6.2.1 Centralized Photovoltaic Power Station
6.2.2 Cloth Photovoltaic Power Station
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photovoltaic System EPC Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Photovoltaic System EPC Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Photovoltaic System EPC Analysis and Forecast
9.1 Introduction
9.2 North America Photovoltaic System EPC Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Photovoltaic System EPC Market Size Forecast by Type
9.6.1 Centralized Photovoltaic EPC
9.6.2 Distributed Photovoltaic EPC
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Photovoltaic System EPC Market Size Forecast by Applications
9.10.1 Centralized Photovoltaic Power Station
9.10.2 Cloth Photovoltaic Power Station
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Photovoltaic System EPC Analysis and Forecast
10.1 Introduction
10.2 Europe Photovoltaic System EPC Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Photovoltaic System EPC Market Size Forecast by Type
10.6.1 Centralized Photovoltaic EPC
10.6.2 Distributed Photovoltaic EPC
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Photovoltaic System EPC Market Size Forecast by Applications
10.10.1 Centralized Photovoltaic Power Station
10.10.2 Cloth Photovoltaic Power Station
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Photovoltaic System EPC Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Photovoltaic System EPC Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Photovoltaic System EPC Market Size Forecast by Type
11.6.1 Centralized Photovoltaic EPC
11.6.2 Distributed Photovoltaic EPC
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Photovoltaic System EPC Market Size Forecast by Applications
11.10.1 Centralized Photovoltaic Power Station
11.10.2 Cloth Photovoltaic Power Station
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Photovoltaic System EPC Analysis and Forecast
12.1 Introduction
12.2 Latin America Photovoltaic System EPC Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Photovoltaic System EPC Market Size Forecast by Type
12.6.1 Centralized Photovoltaic EPC
12.6.2 Distributed Photovoltaic EPC
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Photovoltaic System EPC Market Size Forecast by Applications
12.10.1 Centralized Photovoltaic Power Station
12.10.2 Cloth Photovoltaic Power Station
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Photovoltaic System EPC Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Photovoltaic System EPC Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Photovoltaic System EPC Market Size Forecast by Type
13.6.1 Centralized Photovoltaic EPC
13.6.2 Distributed Photovoltaic EPC
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Photovoltaic System EPC Market Size Forecast by Applications
13.10.1 Centralized Photovoltaic Power Station
13.10.2 Cloth Photovoltaic Power Station
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Photovoltaic System EPC Market: Competitive Dashboard
14.2 Global Photovoltaic System EPC Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Prodiel Corporation
14.3.2 Sterling & Wilson
14.3.3 Tata Power
14.3.4 Greenko
14.3.5 ALSA Solar Systems
14.3.6 Enerparc AG
14.3.7 Q Cells
14.3.8 Conergy
14.3.9 TBEA
14.3.10 Bechtel
14.3.11 Yingli Green Energy
14.3.12 Juwi AG
14.3.13 Belectric
14.3.14 Eiffage
14.3.15 Topsun Energy Limited