It is anticipated that the worldwide market for EPC services would almost triple in size – Allied Market Research

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The global market for Solar Engineering, Procurement, and Construction (EPC) services is forecast to nearly triple in size over the next decade, driven by supportive government policies, declining technology costs, and increasing corporate demand for clean energy solutions, according to a new report published by Allied Market Research.

The Solar EPC market, which includes end-to-end services for solar project development, was valued at $0.4 trillion in 2024 and could reach $1.2 trillion by 2034, registering a Compound Annual Growth Rate (CAGR) of 11.9 percent over the forecast period from 2025 to 2034.

Source: newsthemegh.com