Equatorial Guinea Power EPC Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Equatorial Guinea Power EPC Market Analysis
The Equatorial Guinea power EPC market is expected to grow at a CAGR of over 4.5% in the forecast period of 2020-2025. Factor such as increasing investment is likely to drive the Equatorial Guinea power market in the forecast period. However, low transmission infrastructure, accounting for electricity access to only 67% of the population (in 2018), is expected to impede growth in the sector.
- The hydropower segment is the fastest-growing segment and is likely to dominate the market in the forecast period. Increasing investment into the sector and increasing the power generation by hydropower plants is expected to aid the growth in the market.
- The country is investing in small scale hydro and solar projects. An increase in renewable projects with decreasing dependence upon fossil fuel can become an opportunity for the players in the power market.
- The increasing installation of different power projects, with a heavy focus on the hydro projects in the country, is likely to drive the Equatorial Guinea power market in the forecast period.
Equatorial Guinea Power EPC Market Trends
This section covers the major market trends shaping the Equatorial Guinea Power EPC Market according to our research experts:
Hydro Power to Dominate the Market
- Hydro Power is the power that is generated from the flow of water and converted into electrical energy. As of 2019, It constitutes around 32.5% of power generation capacity in the country. With the addition of new hydropower projects, it is expected to assume the highest share of power generation in the nation.
- In 2019, the 200 MW Sendje project is being constructed on the Wele river in Equatorial Guinea. When completed, the project is expected to be the largest among all the country's generating installations, and its 63 m-high concrete dams will be among the highest in Africa.
- In 2018, The completion of the Djibloho hydropower plant by Power Construction Corporation of China in Equatorial Guinea is expected to create a capacity of approximately 120-MW in the country. It is the largest hydropower plant of its kind in the country.New projects like this are expected to aid the growth of the EPC market in the country.
- Therefore, it is likely that hydropower is expected to dominate the Equatorial Guinea power EPC market in the forecast period.
Increasing Investments to Drive the Market
- An increase in investment and rising consumption in the country are expected to provide growth in the market. Although the country heavily relies on the oil and gas sector, many new renewable power projects are underway.
- In 2018, Wärtsilä Oyj Abp was awarded a 38-megawatt (M.W.) power plant project in Equatorial Guinea. The project is financially sponsored by the Ministry of Hydrocarbons with the intention to boost the development of the local industry.
- A 24 MW Wärtsilä Oyj Abp power plant located in Bata, the country's largest city, in 2019, provides thermal production of energy for continental Equatorial Guinea. The plant is based on thermal energy and uses gas as the primary fuel.
- The access to electricity to the populace of Equatorial Guinea increased by 0.344%, to 67.03%, in 2018 from 66.77% in 2017. Access to power is expected to increase in the forecast period due to governmental support and may act as a driver to the market.
- Hence, investments in the industry are expected to drive the Equatorial Guinea power EPC market in the forecast period.
Equatorial Guinea Power EPC Industry Overview
The Equatorial Guinea power EPC market is consolidated. Some of the key players in this market include Duglas Alliance Ltd., Wärtsilä Oyj Abp, and Power Construction Corporation of China.
Equatorial Guinea Power EPC Market Leaders
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Duglas Alliance Ltd.
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Wärtsilä Oyj Abp
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Power Construction Corporation of China
*Disclaimer: Major Players sorted in no particular order
Equatorial Guinea Power EPC Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Scope of the Study
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1.2 Market Definition
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1.3 Study Assumptions
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2. EXECUTIVE SUMMARY
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3. RESEARCH METHODOLOGY
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4. MARKET OVERVIEW
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4.1 Introduction
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4.2 Market Size and Demand Forecast in USD million, till 2025
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4.3 Electricity Production and Consumption and Forecast, in KWh, till 2025
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4.4 Recent Trends and Developments
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4.5 Government Policies and Regulations
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4.6 Market Dynamics
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4.6.1 Drivers
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4.6.2 Restraints
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4.7 Supply Chain Analysis
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4.8 PESTLE Analysis
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5. MARKET SEGEMENTATION
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5.1 Power Generation
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5.1.1 Thermal
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5.1.2 Hydro
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5.1.3 Others
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5.2 Transmission and Distribution
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
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6.2 Strategies Adopted by Key Players
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6.3 Company Profiles
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6.3.1 Wärtsilä Oyj Abp
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6.3.2 Power Construction Corporation of China
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6.3.3 Duglas Alliance Ltd.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES and FUTURE TRENDS
Equatorial Guinea Power EPC Industry Segmentation
The Equatorial Guinea power EPC market report include:
Equatorial Guinea Power EPC Market Research FAQs
What is the current Equatorial Guinea Power EPC Market size?
The Equatorial Guinea Power EPC Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)
Who are the key players in Equatorial Guinea Power EPC Market?
Duglas Alliance Ltd., Wärtsilä Oyj Abp and Power Construction Corporation of China are the major companies operating in the Equatorial Guinea Power EPC Market.
What years does this Equatorial Guinea Power EPC Market cover?
The report covers the Equatorial Guinea Power EPC Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Equatorial Guinea Power EPC Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Equatorial Guinea Power EPC Industry Report
Statistics for the 2024 Equatorial Guinea Power EPC market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Equatorial Guinea Power EPC analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
