Reshuffle at the top, as new markets arise
A new wave of consolidation and some reshuffling is underway among market leaders in the solar EPC space, writes IHS Markit’s Josefin Berg. In 2019, the 30 largest EPC providers globally installed 28 GW of non-residential PV, representing 26% of the total market. This increase from 21% in 2018 stems mainly from a growing concentration in the Chinese PV market, as well as integrator concentration in rapidly growing markets like Spain and Vietnam.
In 2019, PowerChina installed 2.5 GW of PV to sail to the top of IHS Markit’s global EPC providers ranking, from fourth position in 2018. This was possible through 1 GW installed in China, another 1 GW in Vietnam, and several projects in Latin America. In second position we find inverter supplier Sungrow, which took …
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