Angola Power EPC Market Size (2024 - 2029)

The Angola power EPC market is poised for growth, driven by the government's ambitious urbanization plans and the need for an expanded power and transmission network. Despite challenges such as limited private investment and underdeveloped grid infrastructure, the market has rebounded to pre-pandemic levels. The country's strategic shift towards renewable energy presents significant opportunities for market expansion, indicating a positive outlook for the market size over the forecast period.

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Market Size of Angola Power EPC Industry

Angola Power EPC Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR 2.05 %

Major Players

Angola Power EPC Market Major Players

*Disclaimer: Major Players sorted in no particular order

Angola Power EPC Market Analysis

The power EPC market in Angola is expected to witness a CAGR of more than 2.05% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. However, it has now reached pre-pandemic levels.

  • Over the medium term, ambitious government plans and targets for rapid urbanization, which are expected to require more power and a transmission network, are expected to drive the Angola power EPC market during the forecast period.
  • On the other hand, lower private participation and underdeveloped grid infrastructure are expected to restrain the studied market during the forecast period.
  • Nevertheless, Angola holds great potential for the renewable energy sector. The country has been planning to diversify its power generation from coal and oil to renewable. Thus, this is expected to provide a great opportunity for the power EPC market.

Angola Power EPC Industry Segmentation

Power EPC is a contract used to construct power generation projects by the private sector on large-scale, complex energy infrastructure projects. EPC stands for engineering, procurement, and commissioning. Engineering and procurement involve the detailed engineering design of a project and procuring all necessary equipment and raw materials. Construction is related to delivering a functional facility to the client.

The Angola Power EPC market is segmented by power generation and power transmission and distribution. By power generation, the market is segmented into thermal, hydropower, and renewables. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).

Power Generation
Thermal
Hydropower
Renewables
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Angola Power EPC Market Size Summary

The Angola power EPC market is poised for growth, driven by the government's ambitious plans for rapid urbanization and the expansion of power and transmission networks. Despite challenges such as limited private sector involvement and underdeveloped grid infrastructure, the market is recovering from the setbacks caused by the COVID-19 pandemic and is expected to continue its upward trajectory. The country's potential in renewable energy, particularly hydropower, presents significant opportunities for the power EPC sector. Angola's hydropower resources are among the most abundant in Africa, and the government is actively working to enhance its hydropower capacity, which is expected to bolster the market further.

Government initiatives aimed at increasing electrification and diversifying energy sources are central to the development of Angola's power EPC market. The country has seen a notable increase in generation capacity, although power demand remains a challenge, leading to frequent supply cuts. To address this, Angola is implementing policies to electrify provincial and municipal capitals and improve basic energy services. The development of small-scale off-grid projects and the expansion of the transmission network are key strategic focuses. The market is moderately fragmented, with key players such as Isolux Corsan SA, Gesto-Energia SA, and Siemens AG actively participating in various projects, including renewable energy initiatives and gas development ventures.

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Angola Power EPC Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Installed Power Capacity Forecast in MW, till 2027

    3. 1.3 Primary Energy Consumption, by Fuel Type, 2021

    4. 1.4 Electricity Generation and Consumption Forecast, 2022-2027

    5. 1.5 Electricity Generation, by Fuel Type, 2022

    6. 1.6 Recent Trends and Developments

    7. 1.7 Government Policies and Regulations

    8. 1.8 Market Dynamics

      1. 1.8.1 Drivers

      2. 1.8.2 Restraints

    9. 1.9 Supply Chain Analysis

    10. 1.10 PESTLE Analysis

  2. 2. MARKET SEGMENTATION AND ANALYSIS (Qualitative Analysis)

    1. 2.1 Power Generation

      1. 2.1.1 Thermal

      2. 2.1.2 Hydropower

      3. 2.1.3 Renewables

    2. 2.2 Power Transmission and Distribution

Angola Power EPC Market Size FAQs

The Angola Power EPC Market is projected to register a CAGR of greater than 2.05% during the forecast period (2024-2029)

Isolux Corsan, S.A., Gesto-Energia S.A., Anglo Belgian Corporation, AEE Power Corporation and Siemens AG are the major companies operating in the Angola Power EPC Market.

Angola Power EPC Market Report Snapshots

Angola Power EPC Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)