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Philippines Power Generation EPC Market Size, Growth | 2031
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Philippines Power Generation EPC Market Size, Growth | 2031

Segments - 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 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Swapnil Hedau

Upcoming | Report ID :EP-1862 | 4.6 Rating | 52 Reviews | 185 Pages | Format : PDF Excel PPT

Report Description


The Philippines power generation EPC market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 5% during 2023–2031. 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.

Philippines Power Generation EPC Market Outlook

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.

  • 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 Philippines Power Generation EPC Market 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

2022

Historic Data

2016–2021

Forecast Period

2023–2031

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.

Philippines Power Generation EPC Market Types

Segments

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.

Philippines Power Generation EPC Market Key Players

Table Of Content

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.

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