Sudan Power EPC Market

The Sudan power EPC market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of XX% during 2023–2031. The growth of the market is attributed to factors such as growing demand for energy due to the country's growing population.

EPC stands for engineer, procurement and construction. The essence of this concept is that the organization, namely a contractor which supports virtually every aspect of the project, and that provides a single point of contact and responsibility for the owner. The use of EPC contracts in the power generation sector has grown steadily in recent years due to the tremendous changes taking place in the industry's business and technology. Countries are very interested in energy supply and are investing heavily in the power generation sector with economic growth and population growth, need for additional power generation continues to grow, and thus the power generation sector has attracted a huge investment.

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South Sudan is the largest economy in the region. However, there is an ongoing downtrend in growth. To stimulate the economy and meet the urgent need for infrastructure development, the government has increased its focus on improving the regulatory framework, as well as stimulating infrastructure spending in a priority in the national medium-term development plan for South Sudan.

The total installed renewable energy capacity in the Sudan energy sector was 2,136 megawatts (MW). Renewable sources that contribute to the country's electricity generation include hydropower, biofuels, and solar energy. The growth of renewable energy sources in the country is expected to fulfill both energy demand and clean energy production in the country. The United Nations development program (UNDP), together with the ministry of water resources, irrigation and electricity, launched a project called solar energy for agriculture. This solar-powered water pumping project is part of UNDP's support for the government of Sudan's priority to promote renewable energy in the country.

Sudan Power EPC Market Trends, Drivers, Restraints, and Opportunities

• Rising demand for electricity from residential and non-residential projects is expected to boost the market during the forecast period.

• Rapid growth of renewable energy industry owing to launching of ongoing and upcoming power projects by government to meet energy requirement is major factors fueling the market.

• Increasing industrialization and urbanization is expected to drive the market during forecast period.

• High investments required for set up of power plants and lack of favorable schemes and incentive for setting up renewable energy sources is anticipated to hamper the market growth.

• Lack of power infrastructure and unfavorable policies for foreign and domestic investment act as major challenges that can restrict the market growth during the forecast period.

• R&D investment and technological advancement in digital solutions and renewable energy is projected to offer significant opportunities for the market players.

Scope of Sudan Power EPC Market Report

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

Sudan Power EPC Market Segment Insights

The hydropower segment is projected to represent a major market share

The power EPC market is segregated into sources and power transmission & distribution. The sources segment is further fragmented into hydro-power, conventional thermal power, non-hydro renewable power, and others. The hydropower segment is expected to hold a key share of the market during the forecast period. About 56% of the electricity generated in Sudan was from hydropower. Sudan, 70% of all hydropower plants are located on the Nile River due to power shortages in the country during peak hours, the Sudanese government has planned to increase hydroelectric capacity by 500 megawatt for energy-hungry countries which imports energy from Ethiopia to meet its energy needs.

On the other hand, the conventional thermal energy segment is anticipated to expand at a rapid pace during the forecast period owing to low carbon emissions, low operating costs, and over-efficiency of power plants. An estimated combined cycle energy sources continue to be the most used thermal power plants and are expected to have the major share of power plants and power distribution in the world. Automation that also reduces pollution rebuilds old power plants and opens up market opportunities. Growing demand for electricity will force the government to at least double its existing generating capacity during forecast period.

Sudan power transmission company (SETCO) transmits electricity from various domestic and foreign power sources via high voltage transmission lines to Sudan Power Distribution Co., Ltd. and clients, mainly using the latest technology and contributing to the social sphere economic and political development of the country and thanks to greater efficiency and optimal cost, relying on a skilled workforce and motivation to create mutual benefits with suppliers.

Segments

The Sudan power EPC market has been segmented on the basis of

Sources

• Conventional Thermal Power
• Hydro-power
• Non-hydro Renewable Power
• Others

Power Transmission & Distribution

Key Players

• Dal Group
• Sudanese Thermal Power Generating Co.
• Ram Energy
• Siemens AG

Competitive Landscape

Key players competing in the power EPC market include Dal Group; Sudanese Thermal Power Generating Co.; Ram Energy; and Siemens AG.

Some of these players are using several market strategies including/ mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.