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Qatar Power EPC Market Size (2024 - 2029)

The Qatar power EPC market is poised for growth, driven by the expansion of the industrial sector and the government's efforts to diversify the economy beyond petroleum dependence. This diversification has led to the establishment of numerous industrial facilities, boosting the market's potential. The power transmission and distribution segment is anticipated to experience significant growth due to the need for new and upgraded infrastructure. Additionally, the government's focus on enhancing health, education, and tourism services is expected to increase electricity demand, further expanding the market. The shift towards solar and wind power generation also presents new opportunities, contributing to the market's expansion. However, the risk burden on contractors may hinder the entry of smaller local players, potentially restraining market growth.

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Market Size of Qatar Power EPC Industry

Qatar Power EPC Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 3.80 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

Qatar Power EPC Market Analysis

The Qatari power EPC market is expected to register a CAGR of over 3.8% during the forecast period 2020-2025. Factors, such as the growth of the industrial sector, are expected to be the most significant long-term drivers for the market in the country. Similar to the other oil and gas producing countries in the region, the Government of Qatar is also concerned about overdependence on the petroleum industry. In order to address this problem, the government is actively investing in other industrial sectors to diversify the economy. As a result of this approach, during the last five years (2014-2019), 380 new industrial facilities have been built in the country, which is likely to drive the Qatar power EPC market during the forecast period. However, the entire risk of loss is bared by the contractor which is discouraging the entry of small local players into the market, which is likely to restrain the growth of the power EPC market in the country in the coming years.

  • The power transmission and distribution segment is likely to register significant growth during the forecast period, due to the need for new infrastructure, as well as upgradation of existing transmission and distribution infrastructure.
  • The Government of Qatar has been committed to the improvement of greater health and education services and is keen to develop the tourism market, which creates an increase in demand of electricity, therefore provides a wide range of opportunities in the Qatar Power EPC market.
  • Shift toward the solar and wind power generation is expected to drive the market during the forecast period.

Qatar Power EPC Industry Segmentation

The Qatari power EPC market report include:

Power Generation
Thermal Power
Overview
Market Size and Demand Forecast in USD million, till 2025
Upcoming Projects and EPC Contracts (Operator, EPC Contractor, Start of Construction, Expected Commissioning Date, and Project Value)
Under-construction Projects
In-pipeline Projects
Renewable Power
Overview
Market Size and Demand Forecast in USD million, till 2025
Upcoming Projects and EPC Contracts (Operator, EPC Contractor, Start of Construction, Expected Commissioning Date, and Project Value)**
Under-construction Projects
In-pipeline Projects
Power Transmission and Distribution
Overview
Market Size and Demand Forecast in USD million, till 2025
Upcoming Projects and EPC Contracts (Operator, EPC Contractor, Start of Construction, Expected Commissioning Date, and Project Value)**
Under-construction Projects
In-pipeline Projects
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Qatar Power EPC Market Size Summary

The Qatar power EPC market is poised for growth, driven by the expansion of the industrial sector and the government's strategic initiatives to diversify the economy away from oil dependency. This diversification effort has led to the establishment of numerous industrial facilities, which in turn is expected to bolster the power EPC market. However, the market faces challenges, such as the high risk borne by contractors, which may deter smaller local players from entering the market. The power transmission and distribution segment is anticipated to experience substantial growth due to the necessity for new infrastructure and the upgrading of existing systems, spurred by increasing electricity demand and developments in the power generation sector.

The government's commitment to enhancing health, education, and tourism services is expected to further drive electricity demand, creating opportunities in the power EPC market. The shift towards solar and wind power generation aligns with Qatar's National Vision 2030, which aims to increase renewable energy contributions to the national grid. Significant projects, such as solar and wind farms, are underway, necessitating investments in both power generation and transmission infrastructure to accommodate the intermittency of renewable energy sources. The market is moderately fragmented, with key players including El Sewedy Electric Co SAE, Samsung C&T Corp., Siemens AG, Yokogawa Electric Corporation, and Larsen & Toubro Limited, all contributing to the evolving landscape of Qatar's power EPC market.

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Qatar 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 2025

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Power Generation

      1. 2.1.1 Thermal Power

        1. 2.1.1.1 Overview

        2. 2.1.1.2 Market Size and Demand Forecast in USD million, till 2025

        3. 2.1.1.3 Upcoming Projects and EPC Contracts (Operator, EPC Contractor, Start of Construction, Expected Commissioning Date, and Project Value)

          1. 2.1.1.3.1 Under-construction Projects

          2. 2.1.1.3.2 In-pipeline Projects

      2. 2.1.2 Renewable Power

        1. 2.1.2.1 Overview

        2. 2.1.2.2 Market Size and Demand Forecast in USD million, till 2025

        3. 2.1.2.3 Upcoming Projects and EPC Contracts (Operator, EPC Contractor, Start of Construction, Expected Commissioning Date, and Project Value)**

          1. 2.1.2.3.1 Under-construction Projects

          2. 2.1.2.3.2 In-pipeline Projects

    2. 2.2 Power Transmission and Distribution

      1. 2.2.1 Overview

      2. 2.2.2 Market Size and Demand Forecast in USD million, till 2025

      3. 2.2.3 Upcoming Projects and EPC Contracts (Operator, EPC Contractor, Start of Construction, Expected Commissioning Date, and Project Value)**

        1. 2.2.3.1 Under-construction Projects

        2. 2.2.3.2 In-pipeline Projects

Qatar Power EPC Market Size FAQs

The Qatar Power EPC Market is projected to register a CAGR of greater than 3.80% during the forecast period (2024-2029)

El Sewedy Electric Co SAE, Samsung C&T Corp., Siemens AG , Yokogawa Electric Corporation and Larsen & Toubro Limited are the major companies operating in the Qatar Power EPC Market.

Qatar Power EPC Report Snapshots

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