Power Plant EPC Market Share, Industry Analysis & Forecast Report 2024-2029.

According to the latest research report published by Market Data Forecast, the global power plant epc market is predicted to progress valued at USD 33.85 billion in 2023 and is foreseen to reach a valuation of USD 165.49 billion by 2029, with a CAGR of 3.60% over the outlook period 2024-2029.

The market is witnessing a high growth rate due to escalating population and urbanization that increased energy requirements. Additionally, increased industrial expansion around the world has augmented the need for energy. As a result, the market for power plant engineering, procurement, and construction (EPC) is seeing high spending.

Global Power Plant EPC Market Report Scope:

• Market Size (2029): USD 165.49 Billion
• Market Size (2023): USD 133.85 Billion
• CAGR (2024 to 2029): 3.60%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: Type, Equipment, and Geography
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled: Saipem, WorleyParsons, SK Engineering and Construction, Technip, Hyundai Heavy Industries, Samsung Engineering, Fluor, CBandI, Petrofac and NPCC, and Others.

Market Drivers:

One of the main factors propelling the global market is the rise in power generation investments made worldwide. Governments are investing heavily in the power generation industry due to rising electricity demand, population growth, and economic expansion, drawing significant investments from around the world. Both developed and emerging nations are working on several power generation projects to boost overall capacity and guarantee energy security.

Furthermore, it is anticipated that the growing number of power projects in Asia-Pacific will open up new doors for the global industry. The Asia-Pacific area is rapidly industrializing and has an increasing need for energy. To keep up with the rising demand for energy, major nations like China, India, and Vietnam are launching new power producing projects. Throughout the projected period, the expanding power generating EPC projects in Asia-Pacific will create new opportunities for the global market.

In addition, due to the region's strong demand for electricity, India is experiencing a huge transformation in the power producing business. Due to the growing demand for electricity and the ensuing shortage in supply, there are major power outages in several Indian locations. To solve the issue of electrical reliability, the Indian government has implemented programs to increase power generation, transmission, and distribution. This, in turn, fuels the growth of the power plant EPC industry in the area.

Market Restraints:

The power generation EPC market is anticipated to be constrained by the lack of productive output. Defects, delays, and performance standards not met will probably harm the energy company's bottom line. Some performance issues, such as failing to fulfil the necessary emissions, noise, or safety criteria, may potentially prevent the plant from operating. Current power generation EPC projects are experiencing enormous cost overruns due to bureaucratic rules and decreased productivity. It will play a major role in impeding the expansion of the world market throughout the projected timeframe.

The global market is anticipated to face difficulties due to land acquisition constraints. Both non-renewable and renewable power plants require a sizable quantity of land to be built. Obstacles related to the law and a scientific assessment of site characteristics, such as soil geology and topography, can cause significant delays and increase project expenses. One of the biggest obstacles to the expansion of the worldwide power generating EPC industry will be land acquisition issues.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/power-plant-epc-market

Key Insights from The Report:

• Based on type, the thermal power source segment led the market and accounted for the largest share of the global market in 2023.
• Based on equipment, the boilers segment captured the highest share of the global market in 2023.
• Asia-Pacific dominated the power plant epc market in 2023. North America accounted for the second-highest share of the global market in 2023 and on the other hand, the Europe region is estimated to grow at the fastest CAGR during the forecast period.

SEGMENTATION INCLUDED IN THIS REPORT:

By Type:
• Thermal Power Source
• Combined Cycle Power Source
• Gas based
• Nuclear Power Source
• Renewable
• Others

By Equipment:
• Gas Turbines
• Steam turbines
• Boilers
• Generators
• Control Systems
• Others

By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

TABLE OF CONTENTS:

1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year, and Forecast Periods

2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline

3. Report Overview
3.1 Executive Summary
3.2 Key Inferences

4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends

5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market Share Analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquisition Landscape
5.3 Joint Ventures & Collaborations

6. Market Segmentation
6.1 Power Plant EPC Market, By Type
6.1.1 Thermal Power Source
6.1.2 Combined Cycle Power Source
6.1.3 Gas based
6.1.4 Nuclear Power Source
6.1.5 Renewable
6.1.6 Market Size Estimations & Forecasts (2024-2029)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Power Plant EPC Market, By Equipment
6.2.1 Gas Turbines
6.2.2 Steam turbines
6.2.3 Boilers
6.2.4 Generators
6.2.5 Control Systems
6.2.6 Market Size Estimations & Forecasts (2024-2029)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index

7. Geographical Landscape
7.1 Global Power Plant EPC Market, by Region
7.2 North America - Market Analysis (2024-2029)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Type
7.2.3 By Equipment
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Type
7.3.3 By Equipment
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Equipment
7.5 Latin America
7.5.1 By Country
7.5.1.1 brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Type
7.5.3 By Equipment
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Type
7.6.3 By Equipment

8. Key Player Analysis
8.1 Saipem
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 WorleyParsons
8.3 SK Engineering and Construction
8.4 Technip
8.5 Hyundai Heavy Industries
8.6 Samsung Engineering
8.7 Fluor
8.8 CBandI
8.9 Petrofac
8.10 NPCC

9. Market Outlook & Investment Opportunities

10. Appendix
List of Tables
List of Figures

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