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.
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Attributes
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Details
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Report Title
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Egypt Power EPC Market – Egypt Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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By Generation - Sources (Hydro, Non-Hydro Renewable, and Conventional Thermal), and Transmission & Distribution
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Country
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Egypt
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Report Coverage
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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
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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
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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.
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