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Italy Power EPC Market Size (2024 - 2029)

The Italian power EPC market is poised for growth, driven by increasing power consumption and a shift towards renewable energy sources. Despite challenges such as equipment procurement disruptions and slow domestic investments, the market is expected to expand due to the construction and planning of numerous new projects. The conventional thermal power segment remains dominant, but the government's ambitious renewable energy targets present significant opportunities for market expansion. The focus on large-scale renewable energy deployment is anticipated to enhance the market's scope and potential.

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Market Size of Italy Power EPC Industry

Italy Power EPC Market-Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 6.20 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

Italy Power EPC Market Analysis

The Italian power EPC market is expected to register a CAGR of more than 6.2% during the forecast period, 2022-2027. The COVID-19 outbreak has shown a moderate impact on Italy's Power EPC Market. EPC contractors in Italy faced disruption in the procurement of the necessary equipment for projects like the Ontex solar plant, which affected the scheduled commercial operations of the project. Moreover, growing awareness of the adoption of renewable energy sources and increasing power consumption are the key factors resulting in the growth of the Italian power EPC market. With soaring power demand, numerous new projects are under construction and planning stages, which, in turn, is expected to enhance the market share. Accelerating the deployment of renewable energy sources on a large scale is likely to drive the EPC market across the nation. However, low domestic investments and slow tenders' slow processing are likely to restrain the market growth during the forecast timeline.

  • The conventional thermal power segment is likely to dominate the market due to rising country power demand.
  • The energy demand in Italy is anticipated to grow significantly, and the national energy and climate plan set the government to achieve an ambitious target of 55% renewable power generation by 2030. Thus, creating surplus market opportunities for the EPC market players in the coming years.
  • A rise in electricity generation through renewable energy is expected to drive the Italian Power EPC market during the forecast period.

Italy Power EPC Industry Segmentation

The Italian Power EPC Market includes:

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Italy Power EPC Market Size Summary

The Italian power EPC market is poised for significant growth, driven by increasing power consumption and a strong push towards renewable energy adoption. The market is experiencing a moderate impact from the COVID-19 pandemic, with disruptions in equipment procurement affecting project timelines. However, the demand for power is rising, leading to numerous projects in the construction and planning stages, which are expected to enhance the market's share. The government's ambitious target of achieving a substantial percentage of renewable power generation by 2030 is creating ample opportunities for EPC market players. Despite challenges such as low domestic investments and slow tender processing, the market is set to expand, with the conventional thermal power segment likely to dominate due to the country's energy demands.

The focus on renewable energy is further bolstered by favorable government policies and a commitment to reducing carbon emissions, which are expected to significantly boost the Italian power EPC market. The country has seen a rise in solar and wind energy installations, with plans to substantially increase capacity in the coming years. Initiatives like the Simplification Decree and investments in transmission infrastructure are expected to facilitate the growth of power EPC contracts. The market is moderately fragmented, with key players such as Wärtsilä Oyj Abp and Maire Tecnimont SpA leading the charge. Recent acquisitions and contracts, such as those by Greencells and Wartsila, highlight the ongoing expansion and strategic developments within the market, positioning it for robust growth during the forecast period.

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Italy Power EPC Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2027

    3. 1.3 Electricity Generation in Terrawatt-hours, by major region, Italy, till 2020

    4. 1.4 Recent Trends and Developments

    5. 1.5 Government Policies and Regulations

    6. 1.6 Market Dynamics

      1. 1.6.1 Drivers

      2. 1.6.2 Restraints

    7. 1.7 Supply Chain Analysis

    8. 1.8 PESTLE Analysis

  2. 2. MARKET SEGMENTATION - by Source Type

    1. 2.1 Conventional Thermal Power

    2. 2.2 Renewable Power

    3. 2.3 Nuclear Power

Italy Power EPC Market Size FAQs

The Italy Power EPC Market is projected to register a CAGR of greater than 6.20% during the forecast period (2024-2029)

STC Power S.r.l, Carlo Gavazzi Impianti, Demont s.r.l, Maire Tecnimont Spa and Wärtsilä Oyj Abp are the major companies operating in the Italy Power EPC Market.

Italy Power EPC Market Report Snapshots

Italy Power EPC Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)