Ground Mounted Solar EPC Market

ID: MRFR/E&P/26544-HCR

121 Pages

Priya Nagrale

October 2025

Ground Mounted Solar EPC Market Research Report By Application (Residential, Commercial, Industrial, Utility-Scale), By Panel Type (Monocrystalline, Polycrystalline, Thin Film), By Tracker System (Fixed-Tilt, Single-Axis Tracking, Dual-Axis Tracking), By Inverter Type (String Inverters, Central Inverters, Microinverters), By EPC Scope (Turnkey, Balance of System, Engineering, Procurement, and Construction (EPC)) and By Regional (North America, Europe, South America, Asia-Pacific, Middle East and Africa) - Forecast to 2035.

Ground Mounted Solar EPC Market Infographic

Single User

Multiple License

Enterprise User

Summary Table of Contents Segmentation Download PDF

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

Certified Researchers

Customize Report

Ground Mounted Solar EPC Market Summary

The Global Ground Mounted Solar EPC Market is projected to grow from 19.05 USD Billion in 2024 to 43.71 USD Billion by 2035.

Key Market Trends & Highlights

Ground Mounted Solar EPC Key Trends and Highlights

The market is expected to experience a compound annual growth rate (CAGR) of 7.84 percent from 2025 to 2035.
By 2035, the market valuation is anticipated to reach 43.7 USD Billion, indicating robust growth potential.
in 2024, the market is valued at 19.05 USD Billion, reflecting a strong foundation for future expansion.
Growing adoption of renewable energy technologies due to increasing environmental concerns is a major market driver.

Ground Mounted Solar EPC Market

CAGR

7.84%

Market Size & Forecast

2024 Market Size	19.05 (USD Billion)
2035 Market Size	43.71 (USD Billion)
CAGR (2025-2035)	7.84%

Major Players

Canadian Solar, Enel Green Power, ONJA Solar, JinkoSolar, Sterling and Wilson Solar, Trina Solar Co., Ltd., TATA Power Solar Systems Ltd., First Solar, SunPower Corporation, NextEra Energy Resources, BayWa r.e., LONGi Solar Technology Co., Ltd.

Ground Mounted Solar EPC Market Trends

Recent trends in the Ground Mounted Solar EPC Market include the adoption of advanced tracking systems, optimization of plant designs, and integration of energy storage solutions. These advancements contribute to increased energy generation, improved performance, and enhanced grid stability. As the world transitions towards a clean and sustainable energy future, the Ground Mounted Solar EPC Market is poised for continued growth, driven by favorable market dynamics and technological advancements.

The increasing emphasis on renewable energy sources is likely to drive the expansion of ground-mounted solar installations, as governments worldwide implement policies aimed at reducing carbon emissions and enhancing energy security.

U.S. Department of Energy

Ground Mounted Solar EPC Market Drivers

Increasing Demand for Renewable Energy

The Global Ground Mounted Solar EPC Market Industry is witnessing a surge in demand for renewable energy sources, driven by global initiatives aimed at reducing carbon emissions. Governments worldwide are implementing policies and incentives to promote solar energy adoption, which is reflected in the projected market growth from 19.1 USD Billion in 2024 to 43.7 USD Billion by 2035. This shift towards cleaner energy sources is likely to enhance the role of ground-mounted solar installations, as they provide efficient energy generation capabilities, thereby attracting investments and fostering technological advancements in the sector.

Market Segment Insights

Ground Mounted Solar EPC Market Application Insights

The Ground Mounted Solar EPC System Market Segmentation based on Applications is partitioned into Residential, Commercial, Industrial, and Utility-Scale. In 2023, the Utility-Scale segment dominated the market and is expected to maintain its position during the forecast period. The high dominance is attributed to the increasing demand for sustainable renewable energy sources and the higher adoption and acceptance of solar energy by utility companies.

The utility scale is expected to grow significantly due to the various initiatives and policies of the governments for the adoption of solar energy.The Residential segment is expected to grow at a constant rate during the forecast period.

The growth of the segment can be attributed to the higher awareness levels about the sustainability of the environment. Further, the various initiatives and the incentives provided in terms of subsidies by the government have also promoted the adoption of solar energy. The increase in the affordability of solar panels and the availability of various financiers are further expected to contribute to the growth of this segment. The Commercial Segment is expected to grow at a higher pace during the forecast period.

The growth can be attributed to the increasing acceptance of solar energy by commercial offices, malls, and warehouses. The rationale is high power costs and the availability of natural resources to be used as an alternative to fuel. The Industrial Segment is expected to grow at a moderate pace. The rationale is the adoption and implementation are fuelled by the requirement of reduced energy costs and carbon emissions. The availability of large rooftops and the system’s ability to consume the energy thus generated is further expected to fuel the growth of this system.

Ground Mounted Solar EPC Market Panel Type Insights

Due to increasing demand for high efficiency and cost-effectiveness, Monocrystalline panels are poised to dominate the market with a significant share of 44.0% in 2023. In 2024, the Ground Mounted Solar EPC Market revenue for Monocrystalline panels is projected to reach USD 7.5 billion. The high conversion efficiency of Monocrystalline panels, ranging from 18% to 22%, makes them a preferred choice for large-scale ground-mounted solar installations, especially in regions with limited space.

In contrast, Polycrystalline panels, with lower conversion efficiency (15-18%), are expected to account for 36.5% of the market in 2023, with a projected revenue of USD 6.2 billion in 2024.Thin Film panels, with their unique advantages for low-light conditions, hold a smaller market share of 19.5% in 2023 and are expected to generate revenue of USD 3.3 billion in 2024. The choice of panel type depends on factors such as cost, efficiency, durability, and aesthetics, with each type offering specific benefits for different applications and market segments.

Ground Mounted Solar EPC Market Tracker System Insights

The Ground Mounted Solar EPC Market report presents a detailed segmentation of the market by Tracker System into Fixed-Tilt, Single-Axis Tracking, and Dual-Axis Tracking. Among these, the Fixed-Tilt segment is expected to account for the largest share of the market in 2023, owing to its cost-effectiveness and simplicity of installation. The Single-Axis Tracking segment is projected to exhibit significant growth over the forecast period, driven by its ability to increase energy yield by up to 25%.

The Dual-Axis Tracking segment is anticipated to gain traction in the coming years due to its superior energy yield and efficiency.This growth is attributed to the increasing demand for renewable energy sources, government incentives, and technological advancements.

Ground Mounted Solar EPC Market Inverter Type Insights

The Ground Mounted Solar EPC Market exhibits a competitive landscape with prominent players like Tata Power Solar, Sterling and Wilson, Mahindra Susten, and more. The market segmentation based on inverter type holds significant importance, influencing the overall market dynamics. String inverters hold a substantial market share, attributed to their cost-effectiveness and suitability for smaller-scale projects. Central inverters offer higher efficiency and are preferred for large-scale installations.

Microinverters, while representing a niche segment, are gaining traction due to their advantages in performance and reliability.Over the forecast period, the increasing adoption of renewable energy and supportive government initiatives are expected to drive the growth of all inverter types in the Ground Mounted Solar EPC Market. String inverters are anticipated to maintain their dominance, while central and micro inverters will witness significant growth, contributing to the overall market expansion.

Ground Mounted Solar EPC Market EPC Scope Insights

The Ground Mounted Solar EPC Market is segmented by EPC Scope into Turnkey, Balance of System, and Engineering, Procurement, and Construction (EPC). Among these, the EPC segment accounted for the largest share of the market in 2023 and is expected to continue to dominate the market through 2032. The growth of this segment can be attributed to the increasing trend of turnkey solar projects, where the EPC contractor is responsible for the entire project, from design and engineering to construction and commissioning.

This segment is expected to reach a valuation of USD 18.75 billion by 2032, exhibiting a CAGR of 7.9% during the forecast period.

Get more detailed insights about Ground Mounted Solar EPC Market Research Report — Global Forecast till 2034

Request Free Sample

Regional Insights

North America holds a dominant share in the Ground Mounted Solar EPC Market and is expected to maintain its dominance throughout the forecast period. The growth in the region can be attributed to the increasing demand for renewable energy sources, government initiatives promoting solar energy adoption, and the presence of established solar EPC companies. Europe is another major market for Ground Mounted Solar EPC, driven by the increasing awareness about climate change and the growing focus on energy security.

The APAC region is expected to witness significant growth in the coming years due to the increasing demand for electricity and the rising investments in solar energy projects.South America and MEA are emerging markets for Ground Mounted Solar EPC, with significant growth potential due to the increasing demand for energy and the need for sustainable energy sources.

Ground Mounted Solar Epc Market

Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Key Players and Competitive Insights

The Ground Mounted Solar EPC Market industry is fiercely competitive, with a diverse range of established players and emerging challengers vying for market share. Key factors driving competition include technological advancements, cost optimization strategies, and the pursuit of new market opportunities. Major players in the Ground Mounted Solar EPC Market are continuously investing in research and development to enhance their product offerings and gain a competitive edge. Mergers and acquisitions are also prevalent, as companies seek to consolidate their market positions and expand their geographical reach.

The competitive landscape is expected to remain dynamic, with new entrants and disruptive technologies shaping the market dynamics in the years to come.

Among the leading Ground Mounted Solar EPC Market players, First Solar Inc. stands out as a leader in the development and manufacture of photovoltaic modules. The company's focus on innovation has resulted in several breakthroughs, including its advanced thin-film solar technology. First Solar has a strong presence in both the utility-scale and commercial solar markets and is known for its high-performance products and cost-effective solutions.

The company's commitment to sustainability and its vertically integrated business model have contributed to its success in the Ground Mounted Solar EPC Market.A notable competitor in the Ground Mounted Solar EPC Market is Canadian Solar Inc.

This leading solar energy company has a broad portfolio of products and services, including solar modules, inverters, and solar power systems. Canadian Solar has a presence, with manufacturing facilities in several countries and a strong project development team. The company's focus on quality and efficiency has earned it a reputation for reliability and performance in the Ground Mounted Solar EPC Market. Canadian Solar's commitment to customer satisfaction and its competitive pricing strategy have enabled it to gain a significant market share.

Key Companies in the Ground Mounted Solar EPC Market market include

Industry Developments

The Ground Mounted Solar EPC Market is expected to grow from USD 20.55 billion in 2025 to USD 40.53 billion by 2034, at a CAGR of 7.84%. The growth of the market is attributed to the increasing demand for renewable energy sources, government initiatives to promote solar energy, and declining costs of solar panels. The Asia-Pacific region is expected to be the largest market for ground-mounted solar EPC, followed by North America and Europe. The market is expected to be driven by the growing demand for solar energy in developing countries, such as India, China, and Brazil.

Recent news developments in the market include the launch of new solar panel technologies, such as bifacial solar panels and perovskite solar cells. These technologies are expected to improve the efficiency and cost-effectiveness of ground-mounted solar systems.

Future Outlook

Ground Mounted Solar EPC Market Future Outlook

The Global Ground Mounted Solar EPC Market is projected to grow at a 7.84% CAGR from 2025 to 2035, driven by technological advancements, regulatory support, and increasing energy demands.

New opportunities lie in:

Invest in advanced solar tracking systems to enhance energy efficiency and output.
Develop strategic partnerships with local governments for large-scale solar projects.
Leverage AI and data analytics for optimized project management and cost reduction.

By 2035, the market is expected to be robust, reflecting substantial growth and innovation.

Market Segmentation

Ground Mounted Solar EPC Market Regional Outlook

North America
Europe
South America
Asia-Pacific
Middle East and Africa

Ground Mounted Solar EPC Market EPC Scope Outlook

Turnkey
Balance of System
Engineering, Procurement, and Construction (EPC)
Ground Mounted Solar EPC Market Regional Outlook

Ground Mounted Solar EPC Market Panel Type Outlook

Monocrystalline
Polycrystalline
Thin Film
Ground Mounted Solar EPC Market Tracker System Outlook

Ground Mounted Solar EPC Market Application Outlook

Residential
Commercial
Industrial
Utility-Scale
Ground Mounted Solar EPC Market Panel Type Outlook

Ground Mounted Solar EPC Market Inverter Type Outlook

String Inverters
Central Inverters
Microinverters
Ground Mounted Solar EPC Market EPC Scope Outlook

Ground Mounted Solar EPC Market Tracker System Outlook

Fixed-Tilt
Single-Axis Tracking
Dual-Axis Tracking
Ground Mounted Solar EPC Market Inverter Type Outlook

Report Scope

Ground Mounted Solar EPC Market Report Scope

Report Attribute/Metric	Details
Market Size 2024	19.05 (USD Billion)
Market Size 2025	20.55 (USD Billion)
Market Size 2035	43.71 (USD Billion)
Compound Annual Growth Rate (CAGR)	7.84% (2025 - 2035)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2023
Market Forecast Units	USD Billion
Key Companies Profiled	Canadian Solar, Enel Green Power, E.ON, JA Solar, JinkoSolar, Sterling and Wilson Solar, Trina Solar Co., Ltd., TATA Power Solar Systems Ltd., First Solar, SunPower Corporation, NextEra Energy Resources, BayWa r.e., LONGi Solar Technology Co., Ltd.
Segments Covered	Application, Panel Type, Tracker System, Inverter Type, EPC Scope, Regional
Key Market Opportunities	Growing renewable energy demand, government incentives, technological advancements, rising investment in solar projects, expanding grid infrastructure
Key Market Dynamics	Increasing Capacity, Government Incentives, Technology Advancements, Project Pipelines, Grid Modernization.
Countries Covered	North America, Europe, APAC, South America, MEA

FAQs

What is the projected valuation of the Ground Mounted Solar EPC Market in 2034?

The Ground Mounted Solar EPC Market is estimated to reach a valuation of 40.53 billion USD by 2034.

What is the anticipated Compound Annual Growth Rate (CAGR) of the market from 2025 to 2034?

The market is projected to exhibit a CAGR of 7.84% during the forecast period of 2025-2034.

Which region is expected to dominate the Ground Mounted Solar EPC Market?

North American region is anticipated to hold the largest market share throughout the forecast period.

What are the primary applications of Ground Mounted Solar EPC systems?

These systems are predominantly used in utility-scale solar power plants and commercial and industrial facilities.

Who are some of the key players in the Ground Mounted Solar EPC Market?

Notable players include Solar EPC companies such as First Solar, SunPower, and JA Solar.

What are the key growth drivers for the market?

Increasing demand for renewable energy, government incentives, and technological advancements are driving market expansion.

What are the challenges faced by the market?

Challenges include land availability, environmental regulations, and grid integration issues.

How will the market landscape evolve in the coming years?

The market is expected to witness increased integration of energy storage systems and digital technologies.

What are the opportunities for market participants?

Opportunities lie in developing cost-effective solutions, expanding into emerging markets, and offering value-added services.

What are the potential risks associated with investing in the market?

Risks include policy changes, technological disruptions, and competition from alternative energy sources.

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

Customer Stories

“This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job”

Noah Malgeri Co-Founder

“Thanks. It’s been a pleasure working with you, please use me as reference with any other Intel employees.”

Joseph Aguayo Sales Operations & Pricing Manager

“Thanks for sending the report it gives us a good global view of the Betaïne market.”

Peter Groot koerkamp Account and Business Manager

“Thank you, this will be very helpful for OQS.”

La Terria Dodd Program Support Specialist

“We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.”

Younghwan Choi Senior Retail Manager

“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

Mark Irwin Management Consultant

“I have been reading the first document or the study, ,the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!”

Rob Kooiker Group Product Manager HVAC & Fire Protection GMA

“We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.”

Akif Moroglu Strategy & Business Development Director

Case Study

Chemicals and Materials

Global Magnesium Sulfate Market – Forecast till 2027