Solar EPC Market Segmentation:
Technology Segment Analysis
The photovoltaic segment in the solar EPC market is estimated to gain the largest revenue share of about 58% in the year 2035. The segment growth can be attributed to the increasing demand for solar PV systems in residential and commercial applications due to the declining cost of solar modules, the rise in environmental concerns, and government initiatives to promote the use of renewable energy.
Additionally, increasing investments in research and development activities for improving the efficiency of solar PV systems are further expected to propel market growth.
Type Segment Analysis
The rooftop segment is estimated to gain a significant share of about 54% in the year 2035. The segment growth can be attributed to the increasing demand for energy-efficient solutions, and the growing awareness about renewable energy. Additionally, government subsidies and incentives have made rooftop solar installations more cost-effective and attractive for consumers. Furthermore, rising electricity prices have made renewable energy sources, such as solar energy, more attractive to consumers, who are looking for cleaner and more reliable energy sources.
Our in-depth analysis of the global market includes the following segments:
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