Market Size of Egypt Power EPC Industry
Study Period | 2021 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2021 - 2022 |
CAGR | 2.50 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Egypt Power EPC Market Analysis
The Egypt Power EPC market is expected to grow at a CAGR of more than 2.5% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market has reached pre-pandemic levels.
- Over the long term, the increasing investments in the expansion and modernization of the transmission and distribution segment are expected to drive the market during the forecast period.
- On the other hand, the lack of domestic investment and investors in the concerned sector is expected to restrain the Egypt Power EPC Market during the forecast period.
- Nevertheless, the exploitation of novel renewable energy technologies, such as power generation from marine and tidal energy, remains a significant growth opportunity for the market beyond the forecast period.
Egypt Power EPC Industry Segmentation
Power EPC services are end-to-end services for a power plant project, from designing the system, procuring the components, and installing the project.
The Egypt Power EPC Market is segmented by generation - Source (Conventional Thermal, Hydro, and Non-Hydro Renewable) and Transmission & Distribution. For each segment, the market sizing and forecasts have been done based on revenue (USD Billion)
Egypt Power EPC Market Size Summary
The Egypt Power EPC market is poised for growth, driven by significant investments in the expansion and modernization of the transmission and distribution segments. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. However, challenges such as a lack of domestic investment and investors in the sector could hinder progress. Despite these challenges, the adoption of innovative renewable energy technologies, including marine and tidal energy, presents substantial growth opportunities beyond the forecast period. Egypt's energy landscape is predominantly dominated by conventional thermal power generation, with a significant portion of its installed capacity derived from natural gas and combined cycle plants. The ongoing expansion of thermal capacity, alongside investments in renewable energy, underscores the country's commitment to diversifying its energy mix.
Egypt's growing population and urbanization have led to a surge in power demand, prompting the country to enhance its power generation capabilities through both conventional and renewable sources. The development of a unified national grid, aimed at transforming Egypt into a regional and global energy hub, is a key focus, with major interconnection projects underway with neighboring countries. The transmission and distribution segment, particularly the 66 kV and 220 kV transformer subsegments, is expected to drive market growth as investments increase. The country's renewable energy capacity is also on the rise, with significant projects like the Benban Solar PV plant contributing to this growth. The integration of renewable energy into the grid necessitates smart transformers, further propelling the power EPC market. The market is moderately fragmented, with key players such as Siemens AG, Mitsubishi Corp, and General Electric Company actively participating in various projects, including large-scale solar and nuclear power developments.
Egypt 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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Egypt Power EPC Market Size FAQs
What is the current Egypt Power EPC Market size?
The Egypt Power EPC Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)
Who are the key players in Egypt Power EPC Market?
Siemens AG, Mitsubishi Corp (Mitsubishi Hitachi Power Systems), AMEA Power LLC , ElSewedy Electric Co - and General Electric Company are the major companies operating in the Egypt Power EPC Market.