Market Size of Chad Power EPC Industry
| 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 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 Size Summary
The Chadian power EPC market is poised for growth, driven by an increasing number of power projects and a heightened focus on renewable energy initiatives. Despite the challenges posed by low power generation and transmission infrastructure, the market is expected to benefit from rising investments in renewable energy. The country's reliance on thermal energy remains significant, but new projects, such as solar-plus-storage and utility-scale renewables, are underway to diversify the energy mix. The government's commitment to expanding renewable energy capacity, evidenced by projects like the solar power plant in Abeche and the development of solar and wind farms, is anticipated to spur market growth.
The market landscape is characterized by a consolidated structure, with key players including China Energy Engineering Corporation Limited, Bharat Heavy Electricals Limited, Vergnet SA, Savannah Energy PLC, and AMEA Power. These companies are actively involved in projects that aim to enhance Chad's energy infrastructure. Notably, the introduction of power generation technology by Man Energy Solutions to new and existing plants underscores the ongoing efforts to bolster the country's energy capabilities. As the market recovers from the pandemic's impact and progresses towards pre-pandemic levels, the focus on renewable energy is expected to drive the fastest growth within the Chadian power EPC sector during the forecast period.
Chad 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 Market Size and Demand Forecast in USD billion, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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Chad Power EPC Market Size 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.
