Power engineering, procurement, and construction (EPC) market is anticipated to grow at a moderate CAGR of 4.6% during the forecast period (2024-2031). Demand for the power EPC market is anticipated to be driven in the long run by factors like rising electricity generation, rising energy consumption, and shifting dynamics within the power generation industry.
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A large scale infrastructure development is taking place in the developing area and in a number of different industries, such as manufacturing, transportation, and housing. It is a key factor driving the global market. Establishing dependable electricity infrastructure, such as power plants, transmission lines, and distribution networks, is necessary for this development. Furthermore, investments in power projects are fueled by efforts to electrify distant areas and enhance energy access, which creates opportunities for EPC businesses.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Power Engineering, Procurement, and Construction (EPC) Market by Power Generation
- Thermal
- Hydroelectric
- Nuclear
- Renewables
Global Power Engineering, Procurement, and Construction (EPC) Market by Equipment
- Gas Turbines
- Steam Turbines
- Boilers
- Generators
- Control System
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Abengoa, S.A.
- Wood PLC
- Kiewit Corp
- McDermott International Inc.
- Bechtel Corp
- Saipem SpA
- KBR Inc
- General Electric Company
- Siemens Energy AG
- ABB Ltd
- Schneider Electric
- Eaton Corp PLC.
- Technip FMC
- Bilfinger
- Petrofac
- TécnicasReunidas Group
- Samsung E & A Co. Ltd.’
- Daewoo Engineering & Construction Co. Ltd.
- DL E & C
- GS E & C Corp.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global power engineering, procurement, and construction (EPC) market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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