Press Release

Rooftop Solar EPC Market is expected to Grow with a CAGR of 5.84% through 2030

The Rooftop Solar EPC Market is propelled by declining solar component costs, government incentives, and heightened environmental awareness, making solar installations more financially viable and accelerating adoption across residential, commercial, and industrial sectors.


According to TechSci Research report, “Rooftop Solar EPC Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Rooftop Solar EPC Market was valued at USD 16.32 Billion in 2024 and is expected to reach USD 23.15 Billion by 2030 with a CAGR of 5.84%. Technological innovations, such as bifacial panels, high-efficiency PV cells, and smart inverters, enhance system performance and make solar power more cost-effective. Additionally, the integration of energy storage systems allows for consistent power supply, even during non-sunny hours. Financial incentives, including Production Linked Incentive schemes and viability gap funding, further support the adoption of rooftop solar projects. The residential sector, in particular, benefits from these initiatives, contributing significantly to the market's expansion. As India progresses towards its renewable energy goals, the Rooftop Solar EPC Market is poised for sustained growth, offering substantial opportunities for stakeholders in the solar energy sector.​


Browse over XX Market data Figures spread through XX Pages and an in-depth TOC on the "Global Rooftop Solar EPC Market. 


Based on the End-User, Residential segment held the largest Market share in 2024. ​The residential segment of India's rooftop solar EPC (Engineering, Procurement, and Construction) market is experiencing robust growth, propelled by a confluence of policy support, economic incentives, and evolving consumer behavior. The government's flagship initiative, the Pradhan Mantri Surya Ghar Muft Bijli Yojana, allocates over USD 8,784.55 million to equip one crore households with rooftop solar systems, offering up to 300 units of free electricity monthly and direct bank subsidies. This initiative is complemented by the National Solar Mission's target to achieve 100 GW of solar capacity, with a significant portion earmarked for residential rooftop installations. Additionally, the introduction of the national digital portal streamlines the installation process, enabling consumers to select registered suppliers of their choice, thereby enhancing accessibility and consumer confidence. Financially, the Central Financial Assistance scheme provides subsidies ranging from USD 351.39 to USD 913.62, depending on system capacity, making solar adoption more affordable for homeowners.

The escalating electricity tariffs and the desire for energy independence further incentivize residential consumers to invest in solar solutions. States like Gujarat, Maharashtra, and Haryana are emerging as hotspots for residential rooftop solar installations, driven by favorable policies and high electricity costs. The market's momentum is also fueled by heightened environmental awareness and the declining cost of solar technology, making it an attractive proposition for homeowners seeking long-term savings and sustainability. Collectively, these factors position the residential rooftop solar EPC market in India for sustained and accelerated growth in the coming years.​

Based on region, Asia Pacific is the fastest-growing region in the Rooftop Solar EPC Market, driven by rapid industrialization, urbanization, and increasing energy demands across countries like China, India, and Southeast Asia. China leads in solar equipment production, accounting for over 80% of global manufacturing stages, which has significantly reduced solar power costs. India is also experiencing robust growth, with government incentives such as the PM Surya Ghar Muft Bijli Yojana offering subsidies up to 40% for rooftop solar installations. Additionally, the region benefits from high solar insolation and a dense population increasingly adopting renewable energy solutions. These factors position Asia Pacific as a key growth hub for the rooftop solar EPC market, offering substantial opportunities for industry players.​


Major companies operating in the Global Rooftop Solar EPC Market are:

  • BELECTRIC GmbH
  • Canadian Solar Inc
  • CHINT Group
  • CJR Renewables
  • UAB Eternia Solar LT
  • Goldi Solar Pvt Ltd.
  • Jakson Group
  • JUWI Group
  • Mahindra Group
  • Tata Power Solar Systems Limited


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“The Global Rooftop Solar EPC Market is expected to rise in the upcoming years and register a significant CAGR during the forecast period. The Rooftop Solar EPC Market presents substantial growth opportunities, driven by the escalating demand for sustainable energy solutions across residential, commercial, and industrial sectors. Government incentives, including subsidies and tax rebates, are improving the affordability of solar installations, resulting in higher adoption rates. Advancements in solar panel efficiency and energy storage technologies are increasing the performance and reliability of rooftop solar systems. Moreover, rising energy costs and heightened environmental awareness are motivating businesses and consumers to invest in solar energy to lower operational costs and reduce carbon footprints. The integration of smart grid technologies and the expansion of net metering policies further bolster market growth. As urbanization continues and energy demands rise, rooftop solar systems provide a scalable and efficient solution, positioning the market for continued expansion. Therefore, the Market of Rooftop Solar EPC is expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

Rooftop Solar EPC Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Capacity (Up to 1 kW, 1 to 10 kW, 10 to 50 kW, 50 kW to 1 MW), By End-User (Residential, Commercial and Industrial), By Region & Competition, 2020-2030F”, has evaluated the future growth potential of Global Rooftop Solar EPC Market and provides statistics & information on the Market size, structure, and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Rooftop Solar EPC Market.

 

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Rooftop Solar EPC Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Capacity (Up to 1 kW, 1 to 10 kW, 10 to 50 kW, 50 kW to 1 MW), By End-User (Residential, Commercial and Industrial), By Region & Competition, 2020-2030F

Power | Apr, 2025

The Rooftop Solar EPC Market is propelled by declining solar technology costs, favorable government incentives, and increasing demand for sustainable energy solutions across residential and commercial sectors.

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