Germany Power EPCCompanies (2024 - 2029)

Germany Power EPC Market Companies Summary

The Germany Power EPC Market, which was negatively impacted by COVID-19 in 2020, is now back to its pre-pandemic levels. Key drivers for the market include increasing urbanization and power demand, while the phasing out of coal-based power plants may hinder growth. However, the Federal Government in Germany's ambitious carbon emission reduction goals are expected to create significant opportunities in the renewable energy segment of the market. The market is moderately fragmented, with several key players contributing. These firms, which include both engineering and original equipment manufacturers, are involved in various aspects of the energy sector. The renewable energy segment in particular is expected to see significant growth due to the country's emission reduction targets. In addition, supportive government policies aimed at increasing power generation capacity and reducing dependence on coal and natural gas are expected to drive the market. These policies include plans to expand the deployment of solar panels and accelerate the deployment of renewable energy sources.