Kazakhstan Power EPC Market Size (2024 - 2029)

The Kazakhstan power EPC market is poised for growth, driven by the expanding development of power generation systems and rising electricity demand. Despite challenges posed by the phasing out of coal-based power plants, which has impacted EPC service demand, the market is expected to benefit from significant opportunities in the renewable energy sector. The country's commitment to increasing renewable energy sources and enhancing grid connectivity is anticipated to drive the market's expansion, alongside growing concerns over carbon emissions.

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Market Size of Kazakhstan Power EPC Industry

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Kazakhstan Power EPC Market-Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 4.50 %
Market Concentration Medium

Major Players

Kazakhstan Power EPC Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Kazakhstan Power EPC Market Analysis

Kazakhstan is expected to grow at a CAGR of more than 4.5% during the forecast period. The growth is anticipated on account of a rising development of power generation systems, spurred by increasing demand for electricity in the country, the power EPC market is witnessing higher investments. However, the phasing out of coal-based power plants in the country, which had a major effect on demand for EPC services, a major source of revenue is being removed and in turn, is expected to hinder the growth of the market studied in the coming years.

  • The renewable energy sector is expected to witness significant growth in the coming years owing to the country's efforts and policies to increase the share of renewable energy sources in the energy mix.
  • The rapidly increasing generation capacity, mostly from renewable sources is expected to increase grid connectivity. This, in turn, is expected to significant opportunities for EPC services in the country in the future.
  • Further, the increasing concerns over the reduction of carbon emissions is expected to drive the market studied.

Kazakhstan Power EPC Industry Segmentation

Kazakhstan power EPC market report include:

Power Generation
Thermal
Hydroelectric
Renewables
Nuclear
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Kazakhstan Power EPC Market Size Summary

The Kazakhstan power EPC market is poised for growth, driven by the increasing demand for electricity and the development of power generation systems. This growth is supported by significant investments in the sector, although the transition away from coal-based power plants poses a challenge by reducing the demand for EPC services. Despite this, the renewable energy sector is expected to experience substantial expansion due to government policies aimed at enhancing the share of renewables in the energy mix. The growing generation capacity, primarily from renewable sources, is anticipated to improve grid connectivity, creating new opportunities for EPC services. Additionally, the focus on reducing carbon emissions is expected to further propel the market.

The power industry is a crucial component of Kazakhstan's industrial and economic development, with power generation contributing significantly to industrial output. The government's action plan for electric power development through 2030 includes modernization and construction of new facilities, which is expected to boost the market. Renewable energy production and consumption are on the rise, with wind and solar power playing pivotal roles in meeting the country's electricity demands. Key players in the moderately fragmented market include TOTAL EREN, RISEN ENERGY CO. LTD, Hevel, Eni SpA, and ΜΕΤΚΑ EGN, all of which are actively involved in projects that align with Kazakhstan's ambitious renewable energy goals.

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Kazakhstan Power EPC Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Installed Power Capacity Forecast in GW, till 2025

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Power Generation

      1. 2.1.1 Thermal

      2. 2.1.2 Hydroelectric

      3. 2.1.3 Renewables

      4. 2.1.4 Nuclear

    2. 2.2 Power Transmission and Distribution

Kazakhstan Power EPC Market Size FAQs

The Kazakhstan Power EPC Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)

TOTAL EREN , RISEN ENERGY CO. LTD , Hevel, Eni SpA and ΜΕΤΚΑ EGN are the major companies operating in the Kazakhstan Power EPC Market.

Kazakhstan Power EPC Market Report Snapshots

Kazakhstan Power EPC Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)