Iraq Power EPC Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Iraq Power EPC Market Companies and is segmented by power generation source (thermal, renewables, and others) and power transmission and distribution (T&D). The report offers market size and forecasts for the Iraq power EPC market in revenue (USD billion) for all the above segments.

Iraq Power EPC Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Iraq Power EPC Market Size

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Iraq Power EPC Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 5.00 %
Market Concentration Medium

Major Players

Iraq Power EPC Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Iraq Power EPC Market with other markets in Energy & Power Industry

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Iraq Power EPC Market Analysis

The Iraq Power EPC Market is expected to register a CAGR of greater than 5% during the forecast period.

In 2020, COVID-19 had a detrimental effect on the market. Presently, the market has reached pre-pandemic levels.

  • Over the medium term, with the growth in power consumption in the region, there has been an increase in the number of power generation projects, thus enabling a considerable market for the EPC industry in the power generation sector. Upcoming solar projects are also likely to drive the EPC market in the forecast period.
  • On the other hand, imposed sanctions from the United States are some significant factors that can restrain the growth rate significantly.
  • Nevertheless, the Iraqi government decided to reduce Iranian gas and also plans to generate between 2.24 and 7.5 GW of electricity from renewable energy by 2025. With this, Iraq is expected to create opportunities for new power projects to meet the energy deficiency.

Iraq Power EPC Industry Overview

The Iraq power EPC market is moderately fragmented. Some of the major players in the market (in no particular order) include Siemens AG, North Power Company Ltd, Shamara Holding Group, Unitech EPC Solutions, and General Electric Company.

Iraq Power EPC Market Leaders

  1. North Power Company Ltd

  2. Shamara Holding Group

  3. Unitech EPC Solutions

  4. General Electric Company

  5. Siemens AG

  6. *Disclaimer: Major Players sorted in no particular order
Iraq Power EPC Market Concentration
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Iraq Power EPC Market News

  • October 2022: The Ministerial Council for Energy of Iraq approved a 200-MW solar power station in the Karbala governorate. In December 2021, the cabinet agreed to construct two solar power projects in Karbala of 300 MW capacity and Alexandria/Iskandariya of 225 MW capacity.
  • May 2022: Alba inked an EPC contract with Mitsubishi Power and SEPCO III for Block 4 of Power Station 5. The Mitsubishi Power & SEPCO III collaboration will be responsible for designing, engineering, procuring, constructing, and commissioning a 680.9 Combined Cycle Gas Turbine Power Block under the conditions of the contract.

Iraq Power EPC Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Energy Mix, 2019
  • 4.3 Market Size and Demand Forecast in USD billion, till 2028
  • 4.4 Installed Power Generation Capacity in GW, till 2022
  • 4.5 Recent Trends and Developments
  • 4.6 Government Policies and Regulations
  • 4.7 Market Dynamics
    • 4.7.1 Drivers
    • 4.7.2 Restraints
  • 4.8 Supply Chain Analysis
  • 4.9 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Power Generation Source
    • 5.1.1 Thermal
    • 5.1.2 Renewable
    • 5.1.3 Other Power Generation Sources
  • 5.2 Power Transmission and Distribution (T&D) - (Qualitative Analysis Only)

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Unitech EPC Solutions
    • 6.3.2 General Electric Company
    • 6.3.3 North Power Company Ltd.
    • 6.3.4 Shamara Holding Group
    • 6.3.5 Mytilineos S.A
    • 6.3.6 Power Generation Engineering and Service Company
    • 6.3.7 Siemens AG
    • 6.3.8 MAPNA Group
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Iraq Power EPC Industry Segmentation

Power EPC is a form of contract used to undertake the construction of power generation, transmission, and distribution projects on large-scale and complex energy infrastructure projects. EPC stands for engineering, procurement, and commissioning. Engineering and procurement involve the detailed engineering design of a project and procuring all the equipment and raw materials necessary. Construction is related to delivering a functional facility to the client.

The Iraqi power EPC market is segmented by power generation source, transmission, and distribution. By power generation source, the market is segmented into thermal, renewables, and others. For each segment, market sizing and forecasts have been done based on revenue (USD billion).

Power Generation Source Thermal
Renewable
Other Power Generation Sources
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Iraq Power EPC Market Research FAQs

What is the current Iraq Power EPC Market size?

The Iraq Power EPC Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)

Who are the key players in Iraq Power EPC Market?

North Power Company Ltd, Shamara Holding Group, Unitech EPC Solutions, General Electric Company and Siemens AG are the major companies operating in the Iraq Power EPC Market.

What years does this Iraq Power EPC Market cover?

The report covers the Iraq Power EPC Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Iraq Power EPC Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Iraq Power EPC Industry Report

Statistics for the 2025 Iraq Power EPC market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Iraq Power EPC analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.