With the rising environmental concerns and the world coming together to reduce carbon emission and move towards green energy, solar power has emerged as one of the foremost options. Realizing its benefits and potential, the industry is increasingly moving towards strengthening energy conservation measure. This in turn is driving the growth of global solar EPC market. Although the supporting infrastructure needs to catch up with its advancement, the increasing photovoltaic deployments are already making headway. With the necessary restructuring these deployments are expected to witness considerable growth in the near future.
Moreover, the support from the government in terms of favourable policies and tax rebates are further going to accelerate the growth of this market. The smart city mission is also a contributor to this growth. Besides, the increasing FDI in the sector is augmenting the growth further. Driven by these factors, the industry witnessed an increase in solar rooftop capacity addition from 38 MW in 2012 to 3855 MW in 2018, expanding at a compound annual growth rate (CAGR) of almost 116 per cent. If we look at the current state of the industry, the solar EPC market has proven its case by showcasing rapid installation of roof-top units across residential and commercial establishments. Roof-top deployments have proved to be beneficial across economies by way of various subsidies and net metering schemes. In addition, the development of micro-grid infrastructure is going to provide the much needed support system to fulfil the increasing energy demand.
We studied this industry segment in-depth and have come up with the list of Top 10 Solar EPC Service Providers who have excelled in this field with their innovative approach. Having proven their dedication to quality and end-to-end addressal of customer requirements, these companies have stood out from the crowd.
We look forward to receiving your feedback.