Qatar Power EPCCompanies (2024 - 2029)

Qatar Power EPC Market Companies Summary

The Qatari power EPC market is predicted to grow over the next few years, driven by the growth of the industrial sector. The government, concerned about overdependence on the petroleum industry, is investing in other industrial sectors to diversify the economy. This has led to the construction of numerous new industrial facilities, expected to drive the power EPC market. However, the risk of loss is borne by the contractor, discouraging smaller local companies from entering the market, and potentially restraining growth. In other highlights, the power transmission and distribution segment is expected to see significant growth due to the need for new and upgraded infrastructure. The government's commitment to improving health and education services, as well as developing the tourism market, is expected to increase electricity demand, providing opportunities in the power EPC market. A shift toward solar and wind power generation is also expected to drive the market. The transmission and distribution sector is fully owned by a state-owned organization, with no private investment allowed, but is seeing significant investment due to increasing power demand and developments in power generation. This has resulted in the need for new and upgraded infrastructure. The expansion of this infrastructure is driven by the growth of the industrial sector and infrastructure development for the FIFA World Cup 2022. The government's National Vision 2030 plan, aimed at sustainable future development, has set targets for electricity generation from renewables, leading to several projects being under construction or in the pipeline. The renewable power generation is expected to drive investments in the power generation sector, as well as the transmission and distribution sector. The market is moderately fragmented, with several key players.