Solar EPC Market
Description
The global solar EPC market was valued at $0.4 trillion in 2024, and is projected to reach $1.2 trillion by 2034, growing at a CAGR of 11.9% from 2025 to 2034.
Solar EPC (Engineering, Procurement, and Construction) is a project delivery model in the solar energy sector where a single contractor is responsible for the entire process of setting up a solar power plant. This includes the detailed design and engineering of the system, procurement of all necessary components like solar panels, inverters, and mounting structures, and construction activities such as installation, testing, and commissioning. The EPC contractor ensures the project is delivered on time, within budget, and in compliance with technical and regulatory standards. This model simplifies execution by offering a single point of accountability, reducing risks for the project owner. Solar EPC services are used in utility-scale, commercial, and residential solar installations worldwide.
The foremost driver of the solar EPC market is the increasing support from governments worldwide through policy frameworks, subsidies, and regulatory incentives. Countries have recognized solar energy as a vital component in the transition to low-carbon economies. Government policies such as tax credits (e.g., the Investment Tax Credit in the U.S.), feed-in tariffs, renewable purchase obligations (RPOs), and net metering have created a robust demand pipeline for solar projects. Additionally, many nations have committed to ambitious targets under international accords such as the Paris Agreement, thereby mandating accelerated deployment of renewable energy infrastructure. This creates a ripple effect across the value chain—governments approve large-scale solar parks, developers propose more projects, and EPC contractors benefit from increased volumes. In India, for example, schemes like PM-KUSUM and the development of solar parks under SECI (Solar Energy Corporation of India) have led to a surge in EPC opportunities. Moreover, the simplification of tendering processes and viability gap funding have improved project bankability, making the EPC segment more lucrative and competitive. Across the globe, similar dynamics are playing out, reinforcing the critical role of public sector initiatives in stimulating EPC market growth.
Another major driver is the significant reduction in the cost of solar technologies, especially photovoltaic (PV) modules, inverters, and balance-of-system components. These cost reductions have made solar power increasingly competitive with conventional energy sources, even in the absence of subsidies. For EPC companies, this has opened up a broader market of financially viable projects, especially in emerging economies. Advances in solar cell technologies such as PERC (Passivated Emitter and Rear Cell), bifacial modules, and higher efficiency thin films allow EPC firms to deliver more power per unit area, improving project economics. Innovations in energy storage,digital monitoring systems, and grid integration also enhance the performance and reliability of solar plants, making them more attractive to utilities and investors. Additionally, the rise of standardized engineering templates and prefabrication in procurement and construction stages has shortened project timelines and reduced risks, making EPC offerings more predictable and scalable. As technology improves, EPC contractors can design and execute projects with greater precision, ensuring optimal alignment with customer expectations and regulatory norms.
The global solar EPC market is segmented on the basis of technology, installation type, size, end-use, and region. By technology, the market is segmented into photovooltaic solar and concentrated solar power. Depending on installation type, the market is classified into rooftop, ground mounted, and floating. As per size, the market is divided into small (up to 1 MW), medium (1 to 10 MW), and large (more than 10 MW). By end-use, the solar EPC market is segmented into residential, commercial and industrial, and utility. Region-wise, the global EPC market is classfied into North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the report are Jinko Solar Holding Co. Ltd., JA Solar Holdings Co. Ltd., Hanwha Solutions, First Solar, Inc., Trina Solar Limited., Larsen & Toubro, Canadian Solar, Yingli Green Energy Holding Company Limited, SolarEdge Technologies, Inc., SunPower Corporation.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the solar epc market analysis from 2024 to 2034 to identify the prevailing solar epc market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the solar epc market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global solar epc market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By End-Use
Residential
Commercial and Industrial
Utility
By Technology
Photovoltaic Solar
Concentrated Solar Power
By Installation Type
Rooftop
Ground Mounted
Floating
By Size
Small (up to 1 MW)
Medium (1 to 10 MW)
Large (More than 10 MW)
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Jinko Solar Holding Co. Ltd.
JA Solar Holdings Co. Ltd.
Hanwha Solutions
First Solar, Inc.
Trina Solar Limited.
Larsen & Toubro
Canadian Solar
Yingli Green Energy Holding Company Limited
SunPower Corporation
SolarEdge Technologies, Inc.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Solar EPC (Engineering, Procurement, and Construction) is a project delivery model in the solar energy sector where a single contractor is responsible for the entire process of setting up a solar power plant. This includes the detailed design and engineering of the system, procurement of all necessary components like solar panels, inverters, and mounting structures, and construction activities such as installation, testing, and commissioning. The EPC contractor ensures the project is delivered on time, within budget, and in compliance with technical and regulatory standards. This model simplifies execution by offering a single point of accountability, reducing risks for the project owner. Solar EPC services are used in utility-scale, commercial, and residential solar installations worldwide.
The foremost driver of the solar EPC market is the increasing support from governments worldwide through policy frameworks, subsidies, and regulatory incentives. Countries have recognized solar energy as a vital component in the transition to low-carbon economies. Government policies such as tax credits (e.g., the Investment Tax Credit in the U.S.), feed-in tariffs, renewable purchase obligations (RPOs), and net metering have created a robust demand pipeline for solar projects. Additionally, many nations have committed to ambitious targets under international accords such as the Paris Agreement, thereby mandating accelerated deployment of renewable energy infrastructure. This creates a ripple effect across the value chain—governments approve large-scale solar parks, developers propose more projects, and EPC contractors benefit from increased volumes. In India, for example, schemes like PM-KUSUM and the development of solar parks under SECI (Solar Energy Corporation of India) have led to a surge in EPC opportunities. Moreover, the simplification of tendering processes and viability gap funding have improved project bankability, making the EPC segment more lucrative and competitive. Across the globe, similar dynamics are playing out, reinforcing the critical role of public sector initiatives in stimulating EPC market growth.
Another major driver is the significant reduction in the cost of solar technologies, especially photovoltaic (PV) modules, inverters, and balance-of-system components. These cost reductions have made solar power increasingly competitive with conventional energy sources, even in the absence of subsidies. For EPC companies, this has opened up a broader market of financially viable projects, especially in emerging economies. Advances in solar cell technologies such as PERC (Passivated Emitter and Rear Cell), bifacial modules, and higher efficiency thin films allow EPC firms to deliver more power per unit area, improving project economics. Innovations in energy storage,digital monitoring systems, and grid integration also enhance the performance and reliability of solar plants, making them more attractive to utilities and investors. Additionally, the rise of standardized engineering templates and prefabrication in procurement and construction stages has shortened project timelines and reduced risks, making EPC offerings more predictable and scalable. As technology improves, EPC contractors can design and execute projects with greater precision, ensuring optimal alignment with customer expectations and regulatory norms.
The global solar EPC market is segmented on the basis of technology, installation type, size, end-use, and region. By technology, the market is segmented into photovooltaic solar and concentrated solar power. Depending on installation type, the market is classified into rooftop, ground mounted, and floating. As per size, the market is divided into small (up to 1 MW), medium (1 to 10 MW), and large (more than 10 MW). By end-use, the solar EPC market is segmented into residential, commercial and industrial, and utility. Region-wise, the global EPC market is classfied into North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the report are Jinko Solar Holding Co. Ltd., JA Solar Holdings Co. Ltd., Hanwha Solutions, First Solar, Inc., Trina Solar Limited., Larsen & Toubro, Canadian Solar, Yingli Green Energy Holding Company Limited, SolarEdge Technologies, Inc., SunPower Corporation.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the solar epc market analysis from 2024 to 2034 to identify the prevailing solar epc market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the solar epc market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global solar epc market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By End-Use
Residential
Commercial and Industrial
Utility
By Technology
Photovoltaic Solar
Concentrated Solar Power
By Installation Type
Rooftop
Ground Mounted
Floating
By Size
Small (up to 1 MW)
Medium (1 to 10 MW)
Large (More than 10 MW)
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Jinko Solar Holding Co. Ltd.
JA Solar Holdings Co. Ltd.
Hanwha Solutions
First Solar, Inc.
Trina Solar Limited.
Larsen & Toubro
Canadian Solar
Yingli Green Energy Holding Company Limited
SunPower Corporation
SolarEdge Technologies, Inc.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Table of Contents
344 Pages
- CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Government Policies, Incentives, and Global Climate Commitments
- 3.4.1.2. Declining Costs and Technological Advancements
- 3.4.1.3. Rising Energy Demand and Decentralization of Power Supply
- 3.4.1.4. Investor Confidence, Green Financing, and Private Sector Participation
- 3.4.2. Restraints
- 3.4.2.1. Regulatory Uncertainty and Policy Inconsistencies
- 3.4.2.2. Skill Shortages and Project Execution Challenges
- 3.4.2.3. Intense Competition and Margin Pressure
- 3.4.3. Opportunities
- 3.4.3.1. Expansion in Emerging Economies and Untapped Markets
- 3.4.3.2. Technological Innovation and Integration of Energy Storage
- 3.4.3.3. Corporate Sustainability Goals and Decarbonization Trends
- CHAPTER 4: SOLAR EPC MARKET, BY TECHNOLOGY
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Photovoltaic Solar
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Concentrated Solar Power
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- CHAPTER 5: SOLAR EPC MARKET, BY INSTALLATION TYPE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Rooftop
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Ground Mounted
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Floating
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- CHAPTER 6: SOLAR EPC MARKET, BY SIZE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Small (up to 1 MW)
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Medium (1 to 10 MW)
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Large (More than 10 MW)
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- CHAPTER 7: SOLAR EPC MARKET, BY END-USE
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Residential
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. Commercial and Industrial
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- 7.4. Utility
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
- CHAPTER 8: SOLAR EPC MARKET, BY REGION
- 8.1. Overview
- 8.1.1. Market size and forecast By Region
- 8.2. North America
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by Technology
- 8.2.3. Market size and forecast, by Installation Type
- 8.2.4. Market size and forecast, by Size
- 8.2.5. Market size and forecast, by End-Use
- 8.2.6. Market size and forecast, by country
- 8.2.6.1. U.S.
- 8.2.6.1.1. Market size and forecast, by Technology
- 8.2.6.1.2. Market size and forecast, by Installation Type
- 8.2.6.1.3. Market size and forecast, by Size
- 8.2.6.1.4. Market size and forecast, by End-Use
- 8.2.6.2. Canada
- 8.2.6.2.1. Market size and forecast, by Technology
- 8.2.6.2.2. Market size and forecast, by Installation Type
- 8.2.6.2.3. Market size and forecast, by Size
- 8.2.6.2.4. Market size and forecast, by End-Use
- 8.2.6.3. Mexico
- 8.2.6.3.1. Market size and forecast, by Technology
- 8.2.6.3.2. Market size and forecast, by Installation Type
- 8.2.6.3.3. Market size and forecast, by Size
- 8.2.6.3.4. Market size and forecast, by End-Use
- 8.3. Europe
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by Technology
- 8.3.3. Market size and forecast, by Installation Type
- 8.3.4. Market size and forecast, by Size
- 8.3.5. Market size and forecast, by End-Use
- 8.3.6. Market size and forecast, by country
- 8.3.6.1. Germany
- 8.3.6.1.1. Market size and forecast, by Technology
- 8.3.6.1.2. Market size and forecast, by Installation Type
- 8.3.6.1.3. Market size and forecast, by Size
- 8.3.6.1.4. Market size and forecast, by End-Use
- 8.3.6.2. UK
- 8.3.6.2.1. Market size and forecast, by Technology
- 8.3.6.2.2. Market size and forecast, by Installation Type
- 8.3.6.2.3. Market size and forecast, by Size
- 8.3.6.2.4. Market size and forecast, by End-Use
- 8.3.6.3. France
- 8.3.6.3.1. Market size and forecast, by Technology
- 8.3.6.3.2. Market size and forecast, by Installation Type
- 8.3.6.3.3. Market size and forecast, by Size
- 8.3.6.3.4. Market size and forecast, by End-Use
- 8.3.6.4. Spain
- 8.3.6.4.1. Market size and forecast, by Technology
- 8.3.6.4.2. Market size and forecast, by Installation Type
- 8.3.6.4.3. Market size and forecast, by Size
- 8.3.6.4.4. Market size and forecast, by End-Use
- 8.3.6.5. Italy
- 8.3.6.5.1. Market size and forecast, by Technology
- 8.3.6.5.2. Market size and forecast, by Installation Type
- 8.3.6.5.3. Market size and forecast, by Size
- 8.3.6.5.4. Market size and forecast, by End-Use
- 8.3.6.6. Rest of Europe
- 8.3.6.6.1. Market size and forecast, by Technology
- 8.3.6.6.2. Market size and forecast, by Installation Type
- 8.3.6.6.3. Market size and forecast, by Size
- 8.3.6.6.4. Market size and forecast, by End-Use
- 8.4. Asia-Pacific
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by Technology
- 8.4.3. Market size and forecast, by Installation Type
- 8.4.4. Market size and forecast, by Size
- 8.4.5. Market size and forecast, by End-Use
- 8.4.6. Market size and forecast, by country
- 8.4.6.1. China
- 8.4.6.1.1. Market size and forecast, by Technology
- 8.4.6.1.2. Market size and forecast, by Installation Type
- 8.4.6.1.3. Market size and forecast, by Size
- 8.4.6.1.4. Market size and forecast, by End-Use
- 8.4.6.2. India
- 8.4.6.2.1. Market size and forecast, by Technology
- 8.4.6.2.2. Market size and forecast, by Installation Type
- 8.4.6.2.3. Market size and forecast, by Size
- 8.4.6.2.4. Market size and forecast, by End-Use
- 8.4.6.3. Japan
- 8.4.6.3.1. Market size and forecast, by Technology
- 8.4.6.3.2. Market size and forecast, by Installation Type
- 8.4.6.3.3. Market size and forecast, by Size
- 8.4.6.3.4. Market size and forecast, by End-Use
- 8.4.6.4. South Korea
- 8.4.6.4.1. Market size and forecast, by Technology
- 8.4.6.4.2. Market size and forecast, by Installation Type
- 8.4.6.4.3. Market size and forecast, by Size
- 8.4.6.4.4. Market size and forecast, by End-Use
- 8.4.6.5. Australia
- 8.4.6.5.1. Market size and forecast, by Technology
- 8.4.6.5.2. Market size and forecast, by Installation Type
- 8.4.6.5.3. Market size and forecast, by Size
- 8.4.6.5.4. Market size and forecast, by End-Use
- 8.4.6.6. Rest of Asia-Pacific
- 8.4.6.6.1. Market size and forecast, by Technology
- 8.4.6.6.2. Market size and forecast, by Installation Type
- 8.4.6.6.3. Market size and forecast, by Size
- 8.4.6.6.4. Market size and forecast, by End-Use
- 8.5. LAMEA
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by Technology
- 8.5.3. Market size and forecast, by Installation Type
- 8.5.4. Market size and forecast, by Size
- 8.5.5. Market size and forecast, by End-Use
- 8.5.6. Market size and forecast, by country
- 8.5.6.1. Brazil
- 8.5.6.1.1. Market size and forecast, by Technology
- 8.5.6.1.2. Market size and forecast, by Installation Type
- 8.5.6.1.3. Market size and forecast, by Size
- 8.5.6.1.4. Market size and forecast, by End-Use
- 8.5.6.2. Saudi Arabia
- 8.5.6.2.1. Market size and forecast, by Technology
- 8.5.6.2.2. Market size and forecast, by Installation Type
- 8.5.6.2.3. Market size and forecast, by Size
- 8.5.6.2.4. Market size and forecast, by End-Use
- 8.5.6.3. South Africa
- 8.5.6.3.1. Market size and forecast, by Technology
- 8.5.6.3.2. Market size and forecast, by Installation Type
- 8.5.6.3.3. Market size and forecast, by Size
- 8.5.6.3.4. Market size and forecast, by End-Use
- 8.5.6.4. Rest of LAMEA
- 8.5.6.4.1. Market size and forecast, by Technology
- 8.5.6.4.2. Market size and forecast, by Installation Type
- 8.5.6.4.3. Market size and forecast, by Size
- 8.5.6.4.4. Market size and forecast, by End-Use
- CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product mapping of top 10 player
- 9.4. Competitive dashboard
- 9.5. Competitive heatmap
- 9.6. Top player positioning, 2024
- CHAPTER 10: COMPANY PROFILES
- 10.1. Jinko Solar Holding Co. Ltd.
- 10.1.1. Company overview
- 10.1.2. Key executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
- 10.2. JA Solar Holdings Co. Ltd.
- 10.2.1. Company overview
- 10.2.2. Key executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.3. Hanwha Solutions
- 10.3.1. Company overview
- 10.3.2. Key executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
- 10.4. First Solar, Inc.
- 10.4.1. Company overview
- 10.4.2. Key executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Business performance
- 10.5. Trina Solar Limited.
- 10.5.1. Company overview
- 10.5.2. Key executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
- 10.6. Larsen & Toubro
- 10.6.1. Company overview
- 10.6.2. Key executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Business performance
- 10.7. Canadian Solar
- 10.7.1. Company overview
- 10.7.2. Key executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Business performance
- 10.8. Yingli Green Energy Holding Company Limited
- 10.8.1. Company overview
- 10.8.2. Key executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.9. SolarEdge Technologies, Inc.
- 10.9.1. Company overview
- 10.9.2. Key executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.9.6. Business performance
- 10.10. SunPower Corporation
- 10.10.1. Company overview
- 10.10.2. Key executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Business performance
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