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

The Market Report Covers Power EPC Companies in Nigeria and is Segmented by power generation (thermal, hydroelectric, nuclear, renewables, and other power generation sources), power transmission, and power distribution. The market size and forecasts for the Nigerian power EPC market are provided in terms of revenue (USD billion) for all the above segments.

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

Nigeria Power EPC Market Size

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Nigeria Power EPC Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 4.00 %
Market Concentration Medium

Major Players

Nigeria Power EPC Market Major Players

*Disclaimer: Major Players sorted in no particular order

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

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Nigeria Power EPC Market Analysis

The Nigeria Power EPC Market is expected to register a CAGR of greater than 4% during the forecast period.

In 2020, COVID-19 negatively impacted the market. Presently, the market is expected to reach pre-pandemic levels.

  • Over the medium term, supportive government policies and increasing investments in the power sector are expected to drive the market.
  • On the other hand, geopolitical tensions and the high fiscal deficit, coupled with a high inflation rate, are expected to negatively impact the Nigerian power EPC market in the short term.

Nevertheless, emerging markets such as distributed power generation, smart grids, and energy storage are expected to create ample opportunities for the players in the near future.

Nigeria Power EPC Industry Overview

The Nigerian power EPC market is moderately consolidated. Some of the major players in the market (in no particular order) include Gentec EPC Ltd, Andritz AG, Alten Energías Renovables, Energo Nigeria Ltd, and JuNeng Nig Ltd., among others.

Nigeria Power EPC Market Leaders

  1. Andritz AG

  2. Energo Nigeria Ltd.

  3. Alten Energías Renovables

  4. Sterling and Wilson Nigeria Limited

  5. Gentec EPC Ltd.

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

  • February 2023: GE Gas Power, an American energy company, revealed plans to invest in power assets that will add nearly 500 megawatts (MW) to Nigeria's national electricity grid by the second quarter of 2023. The 240 MW Afam III power plant in Port Harcourt, the 50 MW Maiduguri project with the Nigerian National Petroleum Company Limited (NNPC), and another 50 MW project for the Dangote Group to serve its cement and refinery plants are among them, according to the company.
  • December 2022: The Federal Government of Nigeria announced that 11 hydropower projects with a total capacity of 3,750 MW of electricity had been initiated and that work was currently ongoing at the various project sites.

Nigeria Power EPC Market Report - Table of Contents

1. INTRODUCTION

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

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, until 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Power Generation
    • 5.1.1 Thermal
    • 5.1.2 Renewables
    • 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 Energo Nigeria Ltd.
    • 6.3.2 Andritz AG
    • 6.3.3 Sinohydro
    • 6.3.4 JuNeng Nig Ltd.
    • 6.3.5 Gentec Epc Ltd
    • 6.3.6 Alten Energías Renovables
    • 6.3.7 Sterling and Wilson Nigeria Limited
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Nigeria 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 Nigerian power EPC market is segmented by power generation and power transmission and distribution (T&D). By power generation, the market is segmented into thermal, renewable, and other power generation sources. For power transmission and distribution (T&D), only qualitative analysis is provided. The report offers the market size and forecasts for the Nigerian power EPC market in terms of revenue (USD billion) for all the above segments.

Power Generation Thermal
Renewables
Other Power Generation Sources
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Nigeria Power EPC Market Research FAQs

What is the current Nigeria Power EPC Market size?

The Nigeria Power EPC Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)

Who are the key players in Nigeria Power EPC Market?

Andritz AG, Energo Nigeria Ltd., Alten Energías Renovables, Sterling and Wilson Nigeria Limited and Gentec EPC Ltd. are the major companies operating in the Nigeria Power EPC Market.

What years does this Nigeria Power EPC Market cover?

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

Nigeria Power EPC Industry Report

Statistics for the 2025 Nigeria Power EPC market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nigeria 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.