Market Size of Angola Power EPC Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 2.05 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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 |
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.
Angola Power EPC Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Installed Power Capacity Forecast in MW, till 2027
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1.3 Primary Energy Consumption, by Fuel Type, 2021
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1.4 Electricity Generation and Consumption Forecast, 2022-2027
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1.5 Electricity Generation, by Fuel Type, 2022
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1.6 Recent Trends and Developments
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1.7 Government Policies and Regulations
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1.8 Market Dynamics
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1.8.1 Drivers
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1.8.2 Restraints
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1.9 Supply Chain Analysis
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1.10 PESTLE Analysis
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2. MARKET SEGMENTATION AND ANALYSIS (Qualitative Analysis)
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2.1 Power Generation
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2.1.1 Thermal
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2.1.2 Hydropower
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2.1.3 Renewables
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2.2 Power Transmission and Distribution
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Angola Power EPC Market Size FAQs
What is the current Angola Power EPC Market size?
The Angola Power EPC Market is projected to register a CAGR of greater than 2.05% during the forecast period (2024-2029)
Who are the key players in Angola Power EPC Market?
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.
