Philippines Power Generation EPC Market by Types (Conventional Thermal Power, Hydro Power, and Non-Hydro Renewables) and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The Philippines power generation EPC market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to growing electricity generation coupled with increasing energy demand Moreover, changing power generation industry dynamics is expected to further drive the market growth.
The term EPC stands for ‘Engineer, Procure and Construct.’ The key to this concept is that one organization, namely the contractor, undertakes development of all the aspects of the project and provides a single point of communication and responsibility for the owner.
The use of EPC contracts in the power generation industry has been continuously evolving over the last few years owing to tremendous changes in the business and technology areas of the industry. Almost all power generation projects use EPC contracts to reduce the time taken to complete the project and reduce the cost.
All projects have to be time bound to be profitable; however, the market still suffers from inherent delays owing to various reasons, especially for the large and complex projects that are delayed due to land acquisition complications or environmental clearance issues. The power industry has progressed significantly in terms of transitioning from a complete government-controlled entity to evolution of public-private sector companies.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing industrial operations is one of the major drivers that is contributing to the growth of the Philippines power generation EPC market.
- Several government initiatives to provide electricity to rural areas is expected to augment the market growth.
- Complexity and expensive nature of coal-fired and natural-gas-fired power plants can restrain the growth of the market.
- Defects, delays, and failures to meet performance requirements can hinder the market growth.
- The COVID-19 pandemic had halted the construction activities of the power plants. This, in turn, had plummeted the growth of the market. However, the declining cases of the virus and government’s plan to gradually unlock the states for business are speculated to positively influence the market growth in the projected timeline.
- Rising concerns about energy supply and investing massive capital in the power EPC generation sector are creating challenges for the market.
- Continuous economic growth and rising population are anticipated to spur the market growth during the forecast period.
Scope of the Report
The report on the Philippines power generation 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 |
Philippines Power Generation Epc Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Types (Conventional Thermal Power, Hydro Power, and Non-Hydro Renewables) |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
AYALA CORP/ADR (AC Energy), MANILA ELEC CO/ADR (Meralco), Daelim Industrial Co Ltd, Siemens AG, and SMC Global Power Holdings Corp. |
Philippines Power Generation Epc Market Segment Insights:
Based on types, the market is divided into conventional thermal power, hydro power, and non-hydro renewables. The conventional thermal power segment is anticipated to account for a key market share and is anticipated to grow at a steady rate during the forecast period. Conventional thermal power is the power that is generated through fossil-fuel sources, such as coal, natural gas, and oil.
In 2018, conventional thermal power generated approximately more than 75% of electricity in Philippines. Out of the various sources of generating conventional thermal power, the majority of energy came from coal in the same year. Coal contributed approximately 68% to the conventional thermal power electricity generation, producing 51932 gigawatt-hours (GWh) of electricity in 2018. It is evident that conventional thermal power is expected to grow substantially during the forecast period.
The non-hydro renewables segment is anticipated to exhibit a high CAGR during the forecast period. Rising depletion of fossil reserves and growing environmental concerns are driving the segment growth. On the other hand, increasing number of companies venturing into the renewable energy industry is further propelling the growth of the segment. Moreover, government state bodies are implementing policies and providing subsidies for solar energy manufacturers to increase the reliance on the renewable energy.
Segments
Segments Covered in the Report
The Philippines Power Generation Epc has been segmented on the basis of
Types
- Conventional Thermal Power
- Hydro Power
- Non-Hydro Renewables
Country
- Philippines
Key Players
- AYALA CORP/ADR (AC Energy)
- MANILA ELEC CO/ADR (Meralco)
- Daelim Industrial Co Ltd
- Siemens AG
- SMC Global Power Holdings Corp.
Competitive Landscape
The major players of the market are AYALA CORP/ADR (AC Energy), MANILA ELEC CO/ADR (Meralco), Daelim Industrial Co Ltd, Siemens AG, and SMC Global Power Holdings Corp.
Companies are engaging in partnerships with government agencies, mergers, and acquisitions to expand their market share.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Power Generation 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 Generation 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 Generation EPC Market - Supply Chain
4.5. Global Power Generation EPC Market Forecast
4.5.1. Power Generation EPC Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Power Generation EPC Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Power Generation EPC Market Absolute $ Opportunity
5. Global Power Generation EPC Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Power Generation EPC Market Size and Volume Forecast by Types
5.3.1. Conventional Thermal Power
5.3.2. Hydro Power
5.3.3. Non-Hydro Renewables
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Power Generation EPC Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Power Generation EPC Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Power Generation EPC Demand Share Forecast, 2019-2026
7. North America Power Generation 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
7.2. North America Power Generation EPC Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Power Generation EPC Market Size and Volume Forecast by Types
7.4.1. Conventional Thermal Power
7.4.2. Hydro Power
7.4.3. Non-Hydro Renewables
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Power Generation EPC Demand Share Forecast, 2019-2026
8. Latin America Power Generation 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. Latin America Average Pricing Analysis
8.2. Latin America Power Generation EPC Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Power Generation EPC Market Size and Volume Forecast by Types
8.4.1. Conventional Thermal Power
8.4.2. Hydro Power
8.4.3. Non-Hydro Renewables
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Power Generation EPC Demand Share Forecast, 2019-2026
9. Europe Power Generation 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. Europe Average Pricing Analysis
9.2. Europe Power Generation EPC Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Power Generation EPC Market Size and Volume Forecast by Types
9.4.1. Conventional Thermal Power
9.4.2. Hydro Power
9.4.3. Non-Hydro Renewables
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Power Generation EPC Demand Share Forecast, 2019-2026
10. Asia Pacific Power Generation 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. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Power Generation EPC Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Power Generation EPC Market Size and Volume Forecast by Types
10.4.1. Conventional Thermal Power
10.4.2. Hydro Power
10.4.3. Non-Hydro Renewables
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Power Generation EPC Demand Share Forecast, 2019-2026
11. Middle East & Africa Power Generation EPC Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Power Generation EPC Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Power Generation EPC Market Size and Volume Forecast by Types
11.4.1. Conventional Thermal Power
11.4.2. Hydro Power
11.4.3. Non-Hydro Renewables
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Power Generation EPC Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Power Generation EPC Market: Market Share Analysis
12.2. Power Generation EPC Distributors and Customers
12.3. Power Generation EPC Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. AYALA CORP/ADR (AC Energy)
12.4.2. MANILA ELEC CO/ADR (Meralco)
12.4.3. Daelim Industrial Co Ltd
12.4.4. Siemens AG
12.4.5. SMC Global Power Holdings Corp.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Power Generation 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 Generation 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 Generation EPC Market - Supply Chain
4.5. Global Power Generation EPC Market Forecast
4.5.1. Power Generation EPC Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Power Generation EPC Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Power Generation EPC Market Absolute $ Opportunity
5. Global Power Generation EPC Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Power Generation EPC Market Size and Volume Forecast by Types
5.3.1. Conventional Thermal Power
5.3.2. Hydro Power
5.3.3. Non-Hydro Renewables
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Power Generation EPC Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Power Generation EPC Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Power Generation EPC Demand Share Forecast, 2019-2026
7. North America Power Generation 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
7.2. North America Power Generation EPC Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Power Generation EPC Market Size and Volume Forecast by Types
7.4.1. Conventional Thermal Power
7.4.2. Hydro Power
7.4.3. Non-Hydro Renewables
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Power Generation EPC Demand Share Forecast, 2019-2026
8. Latin America Power Generation 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. Latin America Average Pricing Analysis
8.2. Latin America Power Generation EPC Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Power Generation EPC Market Size and Volume Forecast by Types
8.4.1. Conventional Thermal Power
8.4.2. Hydro Power
8.4.3. Non-Hydro Renewables
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Power Generation EPC Demand Share Forecast, 2019-2026
9. Europe Power Generation 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. Europe Average Pricing Analysis
9.2. Europe Power Generation EPC Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Power Generation EPC Market Size and Volume Forecast by Types
9.4.1. Conventional Thermal Power
9.4.2. Hydro Power
9.4.3. Non-Hydro Renewables
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Power Generation EPC Demand Share Forecast, 2019-2026
10. Asia Pacific Power Generation 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. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Power Generation EPC Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Power Generation EPC Market Size and Volume Forecast by Types
10.4.1. Conventional Thermal Power
10.4.2. Hydro Power
10.4.3. Non-Hydro Renewables
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Power Generation EPC Demand Share Forecast, 2019-2026
11. Middle East & Africa Power Generation EPC Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Power Generation EPC Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Power Generation EPC Market Size and Volume Forecast by Types
11.4.1. Conventional Thermal Power
11.4.2. Hydro Power
11.4.3. Non-Hydro Renewables
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Power Generation EPC Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Power Generation EPC Market: Market Share Analysis
12.2. Power Generation EPC Distributors and Customers
12.3. Power Generation EPC Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. AYALA CORP/ADR (AC Energy)
12.4.2. MANILA ELEC CO/ADR (Meralco)
12.4.3. Daelim Industrial Co Ltd
12.4.4. Siemens AG
12.4.5. SMC Global Power Holdings Corp.
Segments Covered in the Report
The Philippines Power Generation Epc has been segmented on the basis of
Types
- Conventional Thermal Power
- Hydro Power
- Non-Hydro Renewables
Country
- Philippines
Key Players
- AYALA CORP/ADR (AC Energy)
- MANILA ELEC CO/ADR (Meralco)
- Daelim Industrial Co Ltd
- Siemens AG
- SMC Global Power Holdings Corp.
The major players of the market are AYALA CORP/ADR (AC Energy), MANILA ELEC CO/ADR (Meralco), Daelim Industrial Co Ltd, Siemens AG, and SMC Global Power Holdings Corp.
Companies are engaging in partnerships with government agencies, mergers, and acquisitions to expand their market share.
Our Clients
Related Reports
Some other reports from this category!
