Market Size of France Power EPC Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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France Power EPC Market Analysis
The French power EPC market is expected to register a CAGR of more than 4% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. It has now reached pre-pandemic levels.
- Over the long term, the growing renewable power sector is expected to drive the French power EPC market.
- On the other hand, as the country has quite a mature power market, the growth of the power EPC market is expected to be at a slow rate.
- Nevertheless, new and efficient technologies like supercritical and ultra-supercritical coal power plants and government initiatives to increase renewable energy share are expected to create opportunities for the French power EPC market in the near future.
France Power EPC Industry Segmentation
In the power industry, the engineering, procurement, and construction (EPC) term provide an end-to-end solution from designing the system, procuring the components, and installing projects. Furthermore, the power EPC service also includes infrastructure construction and supply for power generation plants and transmission networks.
The French power EPC market is segmented by power generation (thermal, hydro, nuclear, and non-hydro renewables) and power transmission and distribution. For each segment, the market sizing and forecasts are provided based on revenue (in USD million).
| By Power Generation | |
| Thermal | |
| Hydroelectric | |
| Nuclear | |
| Renewables |
France Power EPC Market Size Summary
The French power EPC market is poised for moderate growth, driven by the country's commitment to energy transition and the integration of renewable energy sources. Despite the mature nature of France's power market, advancements in technologies such as supercritical and ultra-supercritical coal power plants, alongside government initiatives, are expected to create opportunities for the market. France's electricity generation is predominantly nuclear, with significant contributions from natural gas and hydroelectric power. However, the focus is shifting towards expanding solar and wind energy capacities, supported by strategic plans and policies aimed at increasing the share of renewables in the energy mix. The government's ambitious targets for solar photovoltaic parks and offshore wind power generation are anticipated to significantly influence the power EPC sector.
The energy transition in France is further bolstered by substantial investments in renewable energy technologies and infrastructure upgrades. The closure of coal-fired power plants and the reduction of nuclear energy capacity are key steps towards enhancing onshore and offshore wind and solar energy installations. The development of new power transmission and distribution lines, along with increased connections to renewable energy sources, is crucial for accommodating the growing demand for clean energy. Major companies in the power EPC market, such as Engie SA, EDF Renewables, and TotalEnergies SE, are actively involved in these developments. Recent projects, including photovoltaic solar power plants and wind farm tenders, underscore the dynamic nature of the market, which is expected to continue evolving in response to France's energy transition goals.
France 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 million, 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 Market Drivers
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1.5.2 Market Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 By Power Generation
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2.1.1 Thermal
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2.1.2 Hydroelectric
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2.1.3 Nuclear
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2.1.4 Renewables
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2.2 Power Transmission and Distribution
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France Power EPC Market Size FAQs
What is the current France Power EPC Market size?
The France Power EPC Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in France Power EPC Market?
TotalEnergies SE, Engie SA, Electricite de France SA, Vestas Wind Systems AS, Siemens Gamesa Renewable Energy SA and Albioma SA are the major companies operating in the France Power EPC Market.
