Southeast Asian Power Generation EPC Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Southeast Asian Power Generation EPC Market is Segmented by Source (Conventional Thermal Power, Renewables Power, and Nuclear Power) and Geography (Indonesia, Thailand, Malaysia, Vietnam, Philippines, and Rest of Southeast Asia).

Southeast Asian Power Generation EPC Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Southeast Asia Power Generation EPC Market Size

Southeast Asia Power Generation EPC Market - Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 7.00 %
Market Concentration Low

Major Players

Southeast Asia Power Generation EPC Market Major Players

*Disclaimer: Major Players sorted in no particular order

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

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Southeast Asia Power Generation EPC Market Analysis

The Southeast Asia Power Generation EPC Market is expected to register a CAGR of greater than 7% during the forecast period.

  • Favorable government policies and mandates toward the adoption of renewable energy sources and a rising focus on reducing carbon emissions across the region are expected to boost the renewable power generation EPC market at a significant rate.
  • The energy demand in the Southeast Asian region is anticipated to grow by approximately two-thirds between 2019 and 2040, thereby leading to massive investment in new energy generation, distribution, and transmission, creating surplus market opportunities for the EPC market players in the coming years.
  • Indonesia, the largest economy in Southeast Asia, witnessed the highest power generation in 2021. The nation is expected to dominate the power generation EPC market during the forecast period with planned projects.

Southeast Asia Power Generation EPC Industry Overview

The Southeast Asia power generation EPC power market is moderately fragmented. Some of the major companies include Mitsubishi Heavy Industries Ltd, Hyundai Engineering Co. Ltd, Sumitomo Corporation, Poyry PLC, and Indika Energy.

Southeast Asia Power Generation EPC Market Leaders

  1. Sumitomo Corporation

  2. Poyry PLC

  3. Indika Energy

  4. Mitsubishi Heavy Industries, Ltd.

  5. Hyundai Engineering Co., Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration-Southeast Asia Power Generation EPC Market.png
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Southeast Asia Power Generation EPC Market News

  • In December 2021, Solar Philippines Nueva Ecija Corporation (SPNEC), a major project developer based in the Philippines, started constructing the first 50 MW unit of a 500 MW solar PV facility. The first 50 MW is to be commissioned by the end of 2022, paving the way for the company to reach profitability and build the rest of the project by 2023.
  • In October 2021, Sunseap led consortium signed a memorandum of understanding (MoU) with domestic and international partners to explore and build around 7 GW of solar power in Indonesia. Both Indonesia and Singapore are expected to meet their clean energy goals with proposed solar power systems. The project is expected to be built in phases.

Southeast Asia Power Generation 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 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Electricity Generation in Terawatt-hours, by Major Countries, Southeast Asia, till 2020
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 Porter's Five Forces Analysis
    • 4.8.1 Bargaining Power of Suppliers
    • 4.8.2 Bargaining Power of Consumers
    • 4.8.3 Threat of New Entrants
    • 4.8.4 Threat of Substitutes Products and Services
    • 4.8.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Source
    • 5.1.1 Conventional Thermal Power
    • 5.1.2 Renewables Power
    • 5.1.3 Nuclear Power
  • 5.2 Geography
    • 5.2.1 Indonesia
    • 5.2.2 Thailand
    • 5.2.3 Malaysia
    • 5.2.4 Vietnam
    • 5.2.5 Philippines
    • 5.2.6 Rest of Southeast Asia

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 Hyundai Engineering Co., Ltd.
    • 6.3.2 Larsen & Toubro Limited
    • 6.3.3 Mitsubishi Heavy Industries, Ltd.
    • 6.3.4 Poyry PLC
    • 6.3.5 Toshiba Corp.
    • 6.3.6 Indika Energy
    • 6.3.7 Sumitomo Corporation
    • 6.3.8 Punj Lloyd Limited
    • 6.3.9 China Huadian Engineering Co. Ltd
    • 6.3.10 Kawasaki Heavy Industries Ltd
    • 6.3.11 Fluor Corporation
    • 6.3.12 Trung Nam Group
    • 6.3.13 IHI Corp
    • 6.3.14 JGC Holdings Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Southeast Asia Power Generation EPC Industry Segmentation

The Southeast Asian power generation EPC market report includes:

Source Conventional Thermal Power
Renewables Power
Nuclear Power
Geography Indonesia
Thailand
Malaysia
Vietnam
Philippines
Rest of Southeast Asia
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Southeast Asia Power Generation EPC Market Research FAQs

What is the current Southeast Asia Power Generation EPC Market size?

The Southeast Asia Power Generation EPC Market is projected to register a CAGR of greater than 7% during the forecast period (2025-2030)

Who are the key players in Southeast Asia Power Generation EPC Market?

Sumitomo Corporation, Poyry PLC, Indika Energy, Mitsubishi Heavy Industries, Ltd. and Hyundai Engineering Co., Ltd. are the major companies operating in the Southeast Asia Power Generation EPC Market.

What years does this Southeast Asia Power Generation EPC Market cover?

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

Southeast Asian Power Generation EPC Industry Report

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