Power EPC Market

India Power EPC Market by Power Generation (Thermal, Hydro, Nuclear, Solar, Wind, and Other Renewables), Power Transmission and Distribution (TD), Power Plants (Gas Turbines, Steam Turbines, Boilers, Control Systems, Generators, and Others) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-1342
  • Author: Growth Market Reports
  • Rating: 4.9
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  • No. Of Pages: 216
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The India power EPC market size is projected to expand at a significant CAGR of more than 4% during the forecast period, 2021–2028. The growth of the market is attributed to the increasing industrial operations across various sectors, sustained economic growth and government initiatives such as “power for all”.

India power EPC market is on the verge of significant changes that has redefined the industry outlook. Power sector in India is one of the most diversified in the world, sources of power generation include conventional sources such as coal, natural gas, oil, lignite, nuclear power, and non-conventional sources such as solar, wind, and biomass. In 2018, India ranked fourth in wind power and fifth in renewable power installed capacity. India made significant investments in clean energy which is estimated at USD 90 billion and is only country among the G20 nations that is on track to achieve the targets under the Paris Agreement.


India Power EPC Market

India power EPC market has attracted significant foreign direct investments (FDI) in the past two decades which is anticipated to be more than USD 15 billion accounting for 3% of total FDI inflow. There is a considerable interest from government of India in the power sector which has led to more focused approach in promoting sustained industrial growth in the recent years. Electricity production was estimated at 1,252.72 billion units (BU) in FY20c and total installed capacity of power stations in India was recorded at 380 GW as of January 2021.

According to Central Electricity Authority (CEA) the share of renewable energy generation would increase from 18% to 44% by 2029-30 and thermal is expected to see reduction from 78% to 52%. The government of India plans to establish renewable capacity if 500 GW by 2030 and has allocated USD 1.4 trillion under the National Infrastructure Pipeline for FY 2019-25. India’s power consumption showed a considerable increase to 50.15 billion units (BU) in the year 2020, direct result of growing economic activity.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing initiatives from government of India in a bid to promote sustained industrial growth and achieve clean energy transition are projected to drive the market growth during the forecast period.
  • Rapid growth of the power related projects such solar and wind power parks are major factors boosting the market expansion in the coming years.
  • High cost of service and high maintenance related to power grids due to inadequate infrastructure are anticipated to restrict the market growth.
  • Lack of power grid penetration across various regions of the country present as major challenge that can hamper the market expansion in the coming years.
  • R&D investment, technological advancement, introduction of new renewable power sources, and various government initiatives are expected to create immense opportunities for the market players.

Scope of the Report

The report on the India power EPC market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Power EPC Market - India Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Power Generation (Thermal, Hydro, Nuclear, Solar, Wind, and Other Renewables), Power Transmission and Distribution (TD), Power Plants (Hydro Electric Power Plants, Thermal Power Plants, and Nuclear Power Plants)

Regional Scope

India

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Bharat Heavy Electricals Limited, Larsen & Toubro Limited, Tata Group, Sterlite Power Transmission Limited, Doosan Corporation, Adani Power Limited, Reliance Power

Market Segment Insights

Thermal segment is projected to account for a major market share

Based on power generation, the India EPC power market is segmented into thermal, hydro, nuclear, solar, wind, and other renewables. The thermal segment is expected to account for a key share of the market during the forecast period. According to National Investment Promotion & Facilitation Agency India has a total thermal capacity of 234 Gigawatts (GW) as of April 2021, energy is generated from fossil fuels combustion, such as coal, natural gas, and oil. 53% of the thermal power is obtained from coal and the rest for other sources such as gas and oil. Sustained economic growth, rapid infrastructural advancements, and increasing government initiatives is expected to drive the segment growth in the coming years.

On the other hand, solar and wind segments is anticipated to expand at a rapid pace during the forecast period due to the rapid wide-scale transmission towards clean energy in the recent years. India has set targets to increase solar energy which is estimated to contribute 114 GW and 67 GW for wind energy subsequently by 2022, the plans for establishing clean power grid infrastructure in the country is anticipated to spur the market expansion at a steady CAGR during the forecast period.


Power EPC

Power Transmission and Distribution (TD) is expected to grow at a robust rate

Power transmission and distribution is an essential part of EPC power sector and is as important as power generation. Power transmission and distribution segment of India EPC power market is expected to grow at a robust rate owing to the significant upgrades in TD network in the recent years. The rapid growth rate is attributed to governments initiatives such as “power for all”, where it has set targets to immensely improve the transmission and distribution network during the forecast period. Need for electrification of more areas were realized for economic growth and with the changing scenario, the transmission sector started to move towards integrated system planning due to generation capabilities being unevenly distributed in different regions across the country.

Thermal Power Plants segment is anticipated to constitute for large market share

In terms of power plants, the India EPC power market is segregated into hydroelectric power plants, thermal power plants, and nuclear power plants. Thermal power plans segment is anticipated to constitute for large market share during the forecast period. More than 65% of electricity consumed in India are generated by thermal power plants.

Segments

Segments Covered in the Report

Power Generation

  • Thermal
  • Hydro
  • Nuclear
  • Solar
  • Wind
  • Other Renewables

Power Transmission and Distribution TD

Power Plants

  • Hydro Electric Power Plants
  • Thermal Power Plants
  • Nuclear Power Plants

Key Players

  • Bharat Heavy Electricals Limited
  • Larsen & Toubro Limited
  • Tata Group
  • Sterlite Power Transmission Limited
  • Doosan Corporation
  • Adani Power Limited
  • Reliance Power Limited

Competitive Landscape

Key players competing in the India EPC power market include Bharat Heavy Electricals Limited, Larsen & Toubro Limited, Tata Group, Sterlite Power Transmission Limited, Doosan Corporation, Adani Power Limited, Reliance Power.

Power EPC

 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Power EPC Market 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 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 Market - Supply Chain
  4.5. Global Power EPC Market Market Forecast
     4.5.1. Power EPC Market Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Power EPC Market Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Power EPC Market Market Absolute $ Opportunity
5. Global Power EPC Market 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 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 Market Demand Share Forecast, 2019-2026
6. North America Power EPC Market 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 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 Market Demand Share Forecast, 2019-2026
7. Latin America Power EPC Market 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 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 Market Demand Share Forecast, 2019-2026
8. Europe Power EPC Market 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 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 Market Demand Share Forecast, 2019-2026
9. Asia Pacific Power EPC Market 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 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 Market Demand Share Forecast, 2019-2026
10. Middle East & Africa Power EPC Market 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 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 Market Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Power EPC Market Market: Market Share Analysis
  11.2. Power EPC Market Distributors and Customers
  11.3. Power EPC Market Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Bharat Heavy Electricals Limited Larsen & Toubro Limited Tata Group Sterlite Power Transmission Limited Doosan Corporation Adani Power Limited  

Segments Covered in the Report

Power Generation

  • Thermal
  • Hydro
  • Nuclear
  • Solar
  • Wind
  • Other Renewables

Power Transmission and Distribution TD

Power Plants

  • Hydro Electric Power Plants
  • Thermal Power Plants
  • Nuclear Power Plants

Key Players

  • Bharat Heavy Electricals Limited
  • Larsen & Toubro Limited
  • Tata Group
  • Sterlite Power Transmission Limited
  • Doosan Corporation
  • Adani Power Limited
  • Reliance Power Limited

Key players competing in the India EPC power market include Bharat Heavy Electricals Limited, Larsen & Toubro Limited, Tata Group, Sterlite Power Transmission Limited, Doosan Corporation, Adani Power Limited, Reliance Power.

Power EPC

 

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