Egypt Power EPC Market Size, Industry & Opportunities [2030]
Egypt Power EPC Market Size, Industry & Opportunities [2030]
Segments - Egypt Power EPC Market by Generation - Sources (Hydro, Non-Hydro Renewable, and Conventional Thermal) and Transmissions & Distribution - Egypt Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :EP-1603
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| 215 Pages
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Report Description
The Egypt power EPC market size is expected to register a CAGR of more than 2% during the forecast period, 2021–2028. The growth of the market is attributed to the rising energy consumption and government projects to close the country's energy deficit during the forecast period.
EPC stands for Engineering, Procurement, and Construction in the construction business, and typically refers to projects such as tank terminals. It's a common term for a certain type of project execution and contract design. The core to this strategy is that one organization, the contractor, handles practically all parts of the project and serves as the owner's single point of contact and accountability.
As a consequence of huge developments in the business and technical areas of Egypt power EPC market, the utilization of EPC contracts in the power generating sector has been steadily evolving over the last several years. EPC contracts are used in almost all power production projects.
All projects must be completed on time; nevertheless, the market still suffers from intrinsic delays due to a variety of factors, particularly for larger, more complicated projects that are delayed due to land acquisition challenges or environmental clearance concerns. Rising environmental concern, there has been increased worry over the use of coal (thermal) as a power source because it emits a significant quantity of carbon dioxide, which causes greenhouse effects. Thermal power generating also needs a large volume of water, which limits its utilization. Renewable energy generating sources are gaining prefer as EPC contracts since they are environmentally friendly and do not degrade natural resources.
Market Trends, Drivers, Restraints, and Opportunities
- Growing ongoing and new projects to meet the country's energy deficit are estimated to propel the market expansion during the forecast period.
- Lack of domestic investment and investors in the concerned industry is anticipated to hamper the market growth.
- Egypt has set a target to attain 15% and 35% renewable energy by 2021 and 2030 is expected to create significant opportunities for the market players.
Scope of Power EPC Market Report
The report on the Egypt power EPC market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Power Generation EPC plays a crucial role in the development of energy infrastructure by providing comprehensive solutions that encompass engineering, procurement, and construction services. This approach ensures that projects are executed efficiently, with a single entity responsible for all aspects of the project lifecycle. By streamlining processes and enhancing coordination, Power Generation EPC helps in reducing project timelines and costs, thereby making it an attractive option for developers looking to optimize their investments in the energy sector.
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Attributes |
Details The integration of Power Generation EPC in renewable energy projects is becoming increasingly significant as countries aim to transition to more sustainable energy sources. By leveraging the expertise of EPC contractors, renewable energy projects can benefit from innovative design and construction techniques, which enhance the efficiency and sustainability of power generation facilities. This not only supports the global shift towards cleaner energy but also aligns with environmental goals, making Power Generation EPC a pivotal component in the energy transition journey. |
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Report Title |
Egypt Power EPC Market – Egypt Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
By Generation - Sources (Hydro, Non-Hydro Renewable, and Conventional Thermal), and Transmission & Distribution |
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Country |
Egypt |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
SolarizEgypt; Siemens AG; Powerserv – Power Plants Services Company S.A.E.; PGESCo; Mitsubishi Corp (Mitsubishi Hitachi Power Systems); General Electric Company; Engie SA; ElSewedy Electric Co; EGYPTROL- Egypt Engineering Services, S.A.E.; Egyptian Projects Operation and; Maintenance (EPROM); Cairo Solar; and AMEA Power LLC |
Egypt Power EPC Market Segment Insights
Conventional thermal segment is projected to account for a key market share
Based on generation - sources, the Egypt power EPC market is divided into hydro, non-hydro renewable, and conventional thermal. The conventional thermal segment is expected to hold a key share of the market during the forecast period owing to its extremely substantial energy producing capacity in the country. Conventional thermal power comes from various sources, including coal, natural gas, oil, and nuclear power. In Egypt, conventional thermal power, which consists only of natural gas and coal, generated about 90% of the electricity.
Segments
The Egypt power EPC market has been segmented on the basis of
By Generation – Sources
- Hydro
- Non-Hydro Renewable
- Conventional Thermal
Key Players
- SolarizEgypt
- Siemens AG
- Powerserv – Power Plants Services Company S.A.E.
- PGESCo
- Mitsubishi Corp (Mitsubishi Hitachi Power Systems)
- General Electric Company
- Engie SA
- ElSewedy Electric Co
- EGYPTROL- Egypt Engineering Services, S.A.E.
- Egyptian Projects Operation and Maintenance (EPROM)
- Cairo Solar
- AMEA Power LLC
Competitive Landscape
Key players competing in the Egypt power EPC market are SolarizEgypt; Siemens AG; Powerserv – Power Plants Services Company S.A.E.; PGESCo; Mitsubishi Corp (Mitsubishi Hitachi Power Systems); General Electric Company; Engie SA; ElSewedy Electric Co; EGYPTROL- Egypt Engineering Services, S.A.E.; Egyptian Projects Operation and; Maintenance (EPROM); Cairo Solar; and AMEA Power LLC. Some of these players are adopting several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to increase their market shares.
Frequently Asked Questions
The report covers market analysis, size, trends, company share, competitive landscape, growth factors, revenue forecasts, and segmentation by generation source and transmission & distribution.
Major companies include SolarizEgypt, Siemens AG, Powerserv, PGESCo, Mitsubishi Corp, General Electric Company, Engie SA, ElSewedy Electric Co, EGYPTROL, EPROM, Cairo Solar, and AMEA Power LLC.
Egypt aims to achieve 15% renewable energy by 2021 and 35% by 2030, creating significant opportunities for market players in the renewable energy sector.
The conventional thermal segment, primarily powered by natural gas and coal, currently holds the largest share, generating about 90% of Egypt's electricity.
The market is segmented by generation sources (hydro, non-hydro renewable, and conventional thermal) and by transmission & distribution.
Renewable energy sources are increasingly preferred for EPC contracts in Egypt because they are environmentally friendly and help reduce reliance on thermal power, which emits significant carbon dioxide and requires large volumes of water.
Key challenges include delays due to land acquisition and environmental clearance issues, as well as a lack of domestic investment and investors in the industry.
The market growth is driven by rising energy consumption in Egypt and government initiatives to close the country's energy deficit through new and ongoing power projects.
The Egypt power EPC market is expected to register a CAGR of more than 2% during the forecast period from 2021 to 2028.
The Egypt power EPC market refers to the sector involving Engineering, Procurement, and Construction (EPC) contracts for power generation and transmission projects in Egypt. EPC contractors manage all aspects of a project, serving as the single point of contact for the project owner.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Power EPC Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Power EPC Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Power EPC Market - Supply Chain
4.5. Global Power EPC Market Forecast
4.5.1. Power EPC Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Power EPC Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Power EPC Market Absolute $ Opportunity
5. Global Power EPC Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Power EPC Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Power EPC Demand Share Forecast, 2019-2026
6. North America Power EPC Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Power EPC Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Power EPC Demand Share Forecast, 2019-2026
7. Latin America Power EPC Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Power EPC Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Power EPC Demand Share Forecast, 2019-2026
8. Europe Power EPC Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Power EPC Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Power EPC Demand Share Forecast, 2019-2026
9. Asia Pacific Power EPC Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Power EPC Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Power EPC Demand Share Forecast, 2019-2026
10. Middle East & Africa Power EPC Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Power EPC Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Power EPC Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Power EPC Market: Market Share Analysis
11.2. Power EPC Distributors and Customers
11.3. Power EPC Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. SolarizEgypt
11.4.2. Siemens AG
11.4.3. Powerserv – Power Plants Services Company S.A.E.
11.4.4. PGESCo
11.4.5. Mitsubishi Corp (Mitsubishi Hitachi Power Systems)
11.4.6. General Electric Company
11.4.7. Engie SA
11.4.8. ElSewedy Electric Co
11.4.9. EGYPTROL- Egypt Engineering Services, S.A.E.
11.4.10. Egyptian Projects Operation and Maintenance (EPROM)
11.4.11. Cairo Solar
11.4.12. AMEA Power LLC
Methodology
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