Power Engineering, Procurement & Construction (EPC)
Market Detailed Analysis of Current Industry Figures with Forecast to 2030

Power Engineering, Procurement &
Construction (EPC) Market Growth Trend & Forecast with latest research study
released by Delvens evaluating the market risk side analysis, highlighting
opportunities, and leveraging strategic and tactical decision-making support.
The report provides information on market trends and development, growth
drivers, technologies, and the changing investment structure of the Global market,
the Power Engineering, Procurement, & Construction (EPC) market size was
estimated at USD 696 billion in 2023 and is projected to reach USD 958 billion
in 2030 at a CAGR of 4.67% during the forecast period to 2030.

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Report: https://www.delvens.com/get-free-sample/power-engineering-procurement-construction-market

Power engineering, procurement and construction (EPC) is a
type of contract used to undertake the construction of power generation,
transmission and distribution projects. EPC stands for engineering, procurement
and construction. Engineering involves the detailed design of a project,
including the selection of equipment and materials, and the preparation of
construction drawings and specifications.

Procurement involves the identification and acquisition of
all the equipment and materials necessary to complete the project. Construction
involves the actual construction of the project, including the erection of
building and structures, the installation of equipment, and the commissioning
of the project.

Recent Developments

·       
Tata Power Solar Systems commissioned an
engineering, procurement, and construction (EPC) project of 66 megawatts (MW)
for Vibrant Energy. This project will generate 110,029 units of energy annually
and a reduction of carbon emissions by up to 9 lakh tonnes.

·       
Mitsubishi Heavy Industries Ltd (MHI) and the
SEPCOIII consortium signed an agreement with Aluminium Bahrain BSC (Alba) to
expand Power Station 5 at Alba, adding a new 680.9 megawatts (MW) Combined
Cycle Gas Turbine Power Block.

Asia Pacific to
Dominate the Market

·       
Asia Pacific is estimated to account for the
largest market share during the forecast period. The increasing demand for
power along with rapid population growth and industrialization is driving the
growth of the market.

·       
China dominates the power EPC market in the
region, and the energy sector is transitioning towards a cleaner and
sustainable energy source to reduce carbon emission and achieve net zero carbon
emission.

The Prominent Players
in the Power Engineering, Procurement &
Construction (EPC) Market:

·       
Fluor Ltd

·       
John Wood PLC

·       
Kiewit Corporation

·       
McDermott International Inc.

·       
Bechtel Corporation

·       
Saipem SpA

·       
Larsen & Toubro Limited

·       
KBR Corp.

·       
ERGIL

·       
Tekfen Holding

·       
Tecnimont

·       
Sime

·       
Flexitallic

·       
General Electric Company

·       
Siemens Energy AG

·       
ABB Ltd

·       
Doosan

·       
Clarke Energy

·       
Anesco

·       
Prado Power and More

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In addition to the
market data for the Power Engineering, Procurement & Construction (EPC)
Market, Delvens offers client-centric reports customized according to the
company’s specific demand and requirements.

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Frequently Asked
Questions

·       
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Engineering, Procurement & Construction (EPC) Market intelligence report?

·       
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of the Power Engineering, Procurement, & Construction (EPC) Market?

·       
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Power Engineering, Procurement, & Construction (EPC) Market?

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Procurement, & Construction (EPC) Market?

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