Solar EPC market seen topping $316.8 billion by 2030

By AI, Created 2:35 PM UTC, May 21, 2026, /AGP/ – The Business Research Company says the global solar engineering, procurement and construction market will reach $316.82 billion by 2030, driven by government incentives, lower solar component costs and rising demand for renewable energy projects. North America and the U.S. are forecast to lead the market, while ground-mounted systems remain the biggest segment.

Why it matters: - The solar engineering, procurement and construction market is projected to become a $316.82 billion business by 2030. - The forecast points to sustained demand for utility-scale and distributed solar buildout as governments, utilities and companies push decarbonization goals. - The market would represent about 20% of the parent foundation, structure and building exterior contractors market and nearly 1% of the broader construction industry.

What happened: - The Business Research Company released its Solar Engineering, Procurement, And Construction (EPC) Global Market Report 2026 – Market Size, Trends, And Forecast 2026-2035. - The report says the global solar EPC market will rise at a 5.1% CAGR through 2030. - North America is expected to be the largest region in 2030, with a projected value of $115 billion. - The U.S. is expected to be the largest country in the market in 2030, with a projected value of $101 billion. - The report says ground-mounted projects will remain the biggest mounting-type segment, accounting for 69% of the market, or $218 billion, in 2030. - The market is also segmented by technology into concentrated solar power and photovoltaic systems. - The market is segmented by end user into residential, commercial and industrial customers. - The company is offering a free sample request and a full report.

The details: - North America is projected to grow from $90 billion in 2025 to $115 billion in 2030, a 5% CAGR. - The U.S. market is forecast to grow from $79 billion in 2025 to $101 billion in 2030, also at a 5% CAGR. - The report links North American growth to utility-scale solar deployment in the U.S. and Canada, corporate power purchase agreements, grid modernization, decarbonization targets and investment from independent power producers and energy developers. - The U.S. forecast is tied to utility-scale photovoltaic growth in Texas and California, more solar-plus-storage deployment, private and institutional investment, distributed solar demand and faster EPC execution. - Ground-mounted solar is supported by large solar parks, more available land in emerging hubs, higher generation efficiency than rooftop systems, scalable installations and government preference for centralized infrastructure. - The ground segment is projected to grow by $49 billion from 2025 to 2030. - The rooftop segment is projected to grow by $18 billion over the same period. - The floating segment is projected to grow by $3 billion over the same period.

Between the lines: - The report frames solar EPC as a beneficiary of both policy support and lower hardware costs, which can improve project economics for developers and contractors. - The biggest near-term value still sits in ground-mounted projects, which suggests utility-scale solar remains the core growth engine even as rooftop and floating projects expand. - The regional concentration in North America and the U.S. signals that mature markets still have room for scale, especially where grid upgrades and corporate procurement are speeding deployment.

What’s next: - The report expects government incentives, declining solar component prices and the shift to renewables to keep driving project volumes through 2030. - The Business Research Company says solar EPC opportunities will be strongest in ground, rooftop and floating segments, which together are projected to add more than $70 billion in market value by 2030. - The company says its market models are based on primary and secondary research and should be treated as estimates rather than investment guidance.