Market Size of Romania Power EPC Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 2.05 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Romania Power EPC Market Analysis
The Romanian power EPC market is expected to register a CAGR of 2.05% during the forecast period.
The Romanian power EPC market was negatively impacted by the COVID-19 pandemic due to regional lockdowns and decreased power demand. However, the market rebounded in 2022. Factors, such as the rising development of power generation infrastructure, spurred by increasing demand for electricity in the country, are expected to drive the market's growth. However, the lack of investment in the power industry due to unpredictable government policies, making it difficult for energy developers to draft long-term strategies and deter investment, is expected to restrain the growth of the market studied.
The Romanian government remains determined to slowly phase out coal-based thermal power plants to combat climate change and ensure the sustainability of the electricity sector by ramping up investments in nuclear and across the wind, solar, gas, and biomass as a critical part of its sustainable development strategy. This is expected to provide a great opportunity for the market in the near future.
Romania Power EPC Industry Segmentation
Power engineering, procurement, and construction (EPC) contracts are a form of contract used to undertake construction works by the private sector on large-scale and complex power infrastructure projects.
The market is segmented by sector into power generation (thermal, hydropower, nuclear, and renewable) and transmission and distribution. The market sizing and forecasts have been done based on electricity generation capacity (MW) and electricity consumption and production (TWh).
| By Power Generation | |
| Thermal | |
| Hydropower | |
| Nuclear | |
| Renewables |
Romania Power EPC Market Size Summary
The Romanian power EPC market is poised for growth, driven by the increasing demand for electricity and the development of power generation infrastructure. The market experienced a setback due to the COVID-19 pandemic, but rebounded in 2022. The government's commitment to phasing out coal-based thermal power plants and investing in nuclear, wind, solar, gas, and biomass energy sources aligns with its sustainable development strategy, presenting significant opportunities for the market. Despite challenges such as unpredictable government policies hindering long-term investments, the market is expected to benefit from new projects, particularly in the hydropower sector, which remains a dominant force due to Romania's extensive river systems.
The electricity sector is crucial for Romania's economic competitiveness and environmental sustainability. The government's Energy Strategy Outlook for 2030 emphasizes the replacement of aging power generation fleets, requiring substantial investments. This initiative, along with the promotion of new energy sources like nuclear, wind, solar, and hydropower, is expected to drive market growth. The nuclear sector, in particular, is anticipated to attract significant investment. The market is moderately fragmented, with key players such as JinkoSolar Holding Co. Ltd, Enel SpA, Siemens AG, Romelectro SA, and Mytilineos SA actively participating. Recent developments, including the construction of large-scale photovoltaic plants, underscore the dynamic nature of the market.
Romania Power EPC Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Installed Power Capacity Forecast in MW, till 2027
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1.3 Electricity Generation and Consumption Forecast, till 2027
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1.4 Electricity Generation, by Fuel Type, 2021
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1.5 Recent Trends and Developments
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1.6 Government Policies and Regulations
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1.7 Market Dynamics
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1.7.1 Drivers
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1.7.2 Restraints
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1.8 Supply Chain Analysis
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1.9 PESTLE Analysis
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2. MARKET SEGMENTATION AND ANALYSIS
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2.1 By Power Generation
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2.1.1 Thermal
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2.1.2 Hydropower
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2.1.3 Nuclear
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2.1.4 Renewables
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2.2 By Power Transmission and Distribution
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Romania Power EPC Market Size FAQs
What is the current Romania Power EPC Market size?
The Romania Power EPC Market is projected to register a CAGR of greater than 2.05% during the forecast period (2024-2029)
Who are the key players in Romania Power EPC Market?
JinkoSolar Holding Co. Ltd, Enel SpA, Siemens AG, Romelectro S.A. and Mytilineos SA. are the major companies operating in the Romania Power EPC Market.
