Market Size of Angola 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 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Angola Power EPC Market Analysis
The power EPC market in Angola is expected to witness a CAGR of more than 2.05% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. However, it has now reached pre-pandemic levels.
- Over the medium term, ambitious government plans and targets for rapid urbanization, which are expected to require more power and a transmission network, are expected to drive the Angola power EPC market during the forecast period.
- On the other hand, lower private participation and underdeveloped grid infrastructure are expected to restrain the studied market during the forecast period.
- Nevertheless, Angola holds great potential for the renewable energy sector. The country has been planning to diversify its power generation from coal and oil to renewable. Thus, this is expected to provide a great opportunity for the power EPC market.
