Market Size of Germany Power EPC Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany Power EPC Market Analysis
The Germany Power EPC Market is expected to register a CAGR of over 6% during the forecast period.
In 2020, COVID-19 negatively impacted the market. Presently, the market has reached pre-pandemic levels.
- Over the medium term, the increasing degree of urbanization and increasing power demand are expected to drive the market.
- On the other hand, the phasing out of coal-based power plants, which account for a major share of power generation, is expected to hinder the growth of the power market.
- Nevertheless, the ambitious goals set by the Federal Government in Germany for reducing their carbon emissions are expected to create enormous opportunities in the renewable energy segment for the Germany Power EPC Market.
