Market Size of Sudan Power EPC Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 2.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sudan Power EPC Market Analysis
The Sudani power EPC market is expected to register a CAGR of over 2% in the forecast period, 2020-2025. Factor, such as the increasing energy demand of the country due to an increasing population, are likely to drive the Sudani power EPC market. However, the lack of foreign and domestic investors and no incentives provided by the government for renewable energy sources are expected to have a negative impact on the Sudani power EPC market.
- The hydro power segment, due to the highest installation capacity, held a significant market share in 2019, and it is likely to see considerable market growth during the forecast period.
- Sudan has announced to build four nuclear power plants by 2030 to fill its energy gap. This is likely to create several opportunities in the Sudani power EPC market in the future.
- Upcoming and ongoing projects in the country to meet its energy requirement are expected to drive the Sudani power EPC market.
Sudan Power EPC Industry Segmentation
The Sudani power EPC market report includes:
Sudan Power EPC Market Size Summary
The Sudani power EPC market is poised for growth, driven by the increasing energy demands of a growing population. Despite challenges such as a lack of investment and government incentives for renewable energy, the market is expected to expand, particularly in the hydropower segment, which has historically held a significant share due to its high installation capacity. Sudan's plans to construct nuclear power plants by 2030 and enhance hydroelectricity capacity are anticipated to create further opportunities within the market. The country's reliance on hydropower, especially from the Nile, underscores its potential to meet domestic energy needs and reduce dependency on imported power.
Renewable energy sources, including hydro energy, biofuels, and solar energy, play a crucial role in Sudan's energy landscape. Initiatives like the "Solar for Agriculture" project, supported by the UNDP, highlight efforts to advance renewable energy. Biofuels and ongoing projects, such as those in New Halfa, contribute to the country's energy requirements and economic development. The Sudani power EPC market is characterized by a few key players, including the Sudanese Thermal Power Generating Company and Siemens AG, indicating a consolidated market structure. These factors collectively suggest a positive outlook for the market during the forecast period.
Sudan 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 Sudan Power EPC Market Size and Demand Forecast in USD billion, till 2025
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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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Sudan Power EPC Market Size FAQs
What is the current Sudan Power EPC Market size?
The Sudan Power EPC Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in Sudan Power EPC Market?
Sudanese Thermal Power Generating Company, Siemens AG, Ram Energy and Dal Group are the major companies operating in the Sudan Power EPC Market.
