Egypt Power EPC Market Size (2024 - 2029)

Egypt Power EPC Market Size Summary

The Egypt Power EPC market is poised for growth, driven by significant investments in the expansion and modernization of the transmission and distribution segments. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. However, challenges such as a lack of domestic investment and investors in the sector could hinder progress. Despite these challenges, the adoption of innovative renewable energy technologies, including marine and tidal energy, presents substantial growth opportunities beyond the forecast period. Egypt's energy landscape is predominantly dominated by conventional thermal power generation, with a significant portion of its installed capacity derived from natural gas and combined cycle plants. The ongoing expansion of thermal capacity, alongside investments in renewable energy, underscores the country's commitment to diversifying its energy mix.

Egypt's growing population and urbanization have led to a surge in power demand, prompting the country to enhance its power generation capabilities through both conventional and renewable sources. The development of a unified national grid, aimed at transforming Egypt into a regional and global energy hub, is a key focus, with major interconnection projects underway with neighboring countries. The transmission and distribution segment, particularly the 66 kV and 220 kV transformer subsegments, is expected to drive market growth as investments increase. The country's renewable energy capacity is also on the rise, with significant projects like the Benban Solar PV plant contributing to this growth. The integration of renewable energy into the grid necessitates smart transformers, further propelling the power EPC market. The market is moderately fragmented, with key players such as Siemens AG, Mitsubishi Corp, and General Electric Company actively participating in various projects, including large-scale solar and nuclear power developments.