Chad Power EPC Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Chad Power EPC Market Analysis
Chad's power EPC market is expected to register a CAGR of over 1% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels.
- Over the medium term, increasing power projects and a rising focus on renewable energy projects in the country are expected to drive the growth of the market.
- On the other hand, low power generation and transmission infrastructure are expected to hamper the growth of the Chadian power EPC market during the forecast period.
- However, increasing investments in renewable energy projects will likely create lucrative growth opportunities for the Chadian power EPC market during the forecast period.
Chad Power EPC Market Trends
This section covers the major market trends shaping the Chad Power EPC Market according to our research experts:
Increasing Power Projects to Drive the Market
- An increasing number of power projects is expected to boost the market's growth. Although the country heavily relies on the thermal energy sector for energy, many new renewable power projects are underway.
- In Chad, only 4% of the population has access to electricity. On the other hand, crude oil has become the country's primary source of export earnings.
- In 2021, Chad ranked as the second least-electrified country in the world, with only 11% of its population having access to electricity.
- In December 2021, Chad's first solar-plus-storage project secured funding. InfraCo Africa revealed the deal signed in Paris to double the amount of borrowing for the planned 34 MW solar project 30 km north of the Chadian capital, N'Djamena, which will also include 4 MWh of battery storage.
- In May 2022, Savannah Energy signed an agreement with the government of Chad to develop up to 500 MW of utility-scale renewables. The first project, located in the south of the country and due to be operational in 2025, comprises up to 300 MW of solar PV and a battery energy storage system (BESS) that provides power for the Doba Oil Project and two nearby towns.
- Hence, increasing investments in the industry are expected to drive the Chadian power EPC market during the forecast period.
Renewable to Witness Significant Growth
- In 2021, the renewable energy sector in the country was quite small, with an installed capacity of only 1.327 MW. However, the government has shown keen interest in rapidly increasing the country's renewable energy scope.
- The French renewable energy firm InnoVent is building Chad's first solar power plant in Abeche. In December 2021, the company signed a delivery agreement with Société Nationale d'Electricité (SNE) grid, the national provider in Chad. Once completed, the solar plant will have a total capacity of 5 MW.
- In May 2022, Savannah Energy signed an agreement with the government of Chad to develop the second project. The company's agreement involves the development of solar and wind farms of up to 100 MW each, with a portion anticipated to benefit from the installation of a BESS to supply power to Chad's capital, N'Djamena. This project is expected to send its first power to the grid in 2025 or 2026.
- The renewable energy remained stagnant during 2020-2021, at 1.327 MW. However, new projects are under construction, which may aid the growth of the market.
- Therefore, renewable energy is likely to record the fastest growth in the Chadian power EPC market during the forecast period.
Chad Power EPC Industry Overview
The Chadian power EPC market is consolidated in nature. Some of the major players in the market (in no particular order) include China Energy Engineering Corporation Limited, Bharat Heavy Electricals Limited, Vergnet SA, Savannah Energy PLC, and AMEA Power.
Chad Power EPC Market Leaders
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China Energy Engineering Corporation Limited
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Bharat Heavy Electricals Limited
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Vergnet SA
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Savannah Energy PLC
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AMEA Power
*Disclaimer: Major Players sorted in no particular order
Chad Power EPC Market News
- In March 2022, Man Energy Solutions supplied power generation technology to a newly built power plant in Chad, Burkina Faso, along with the expansion of an existing plant in Niger. The company is expected to supply four 18V32/40CD engines in Chad.
Chad Power EPC Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Scope of the Study
- 1.2 Market Definition
- 1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Market Size and Demand Forecast in USD billion, till 2027
- 4.3 Recent Trends and Developments
- 4.4 Government Policies and Regulations
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4.5 Market Dynamics
- 4.5.1 Drivers
- 4.5.2 Restraints
- 4.6 Supply Chain Analysis
- 4.7 PESTLE Analysis
5. MARKET SEGEMENTATION
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5.1 Power Generation
- 5.1.1 Thermal
- 5.1.2 Hydro
- 5.1.3 Renewable
- 5.1.4 Other Power Generations
- 5.2 Power Distribution and Transmission
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers, Acquisitions, Collaborations, and Joint Ventures
- 6.2 Strategies Adopted by Key Players
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6.3 Compan Profiles
- 6.3.1 China Energy Engineering Corporation Limited
- 6.3.2 Bharat Heavy Electricals Limited
- 6.3.3 Vergnet SA
- 6.3.4 Savannah Energy PLC
- 6.3.5 AMEA Power
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityChad Power EPC Industry Segmentation
Power EPC is a form of contract used to undertake the construction of power generation, transmission, and distribution projects on large-scale and 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 the necessary equipment and raw materials. Construction is related to delivering a functional facility to the client.
The Chadian power engineering, procurement, and construction (EPC) market is segmented by power generation and power transmission and distribution (T&D). By power generation, the market is segmented into thermal, hydroelectric, nuclear, and renewables, and other power generations. For each segment, the market sizing and forecasts have been done based on revenue (USD billion), except for power transmission and distribution (T&D), for which only qualitative analysis will be provided.
Chad Power EPC Market Research FAQs
What is the current Chad Power EPC Market size?
The Chad Power EPC Market is projected to register a CAGR of greater than 1% during the forecast period (2024-2029)
Who are the key players in Chad Power EPC Market?
China Energy Engineering Corporation Limited, Bharat Heavy Electricals Limited, Vergnet SA, Savannah Energy PLC and AMEA Power are the major companies operating in the Chad Power EPC Market.
What years does this Chad Power EPC Market cover?
The report covers the Chad Power EPC Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Chad Power EPC Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Chad Power EPC Industry Report
Statistics for the 2024 Chad Power EPC market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chad Power EPC analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
