Market Size of Kazakhstan Power EPC Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Kazakhstan Power EPC Market Analysis
Kazakhstan is expected to grow at a CAGR of more than 4.5% during the forecast period. The growth is anticipated on account of a rising development of power generation systems, spurred by increasing demand for electricity in the country, the power EPC market is witnessing higher investments. However, the phasing out of coal-based power plants in the country, which had a major effect on demand for EPC services, a major source of revenue is being removed and in turn, is expected to hinder the growth of the market studied in the coming years.
- The renewable energy sector is expected to witness significant growth in the coming years owing to the country's efforts and policies to increase the share of renewable energy sources in the energy mix.
- The rapidly increasing generation capacity, mostly from renewable sources is expected to increase grid connectivity. This, in turn, is expected to significant opportunities for EPC services in the country in the future.
- Further, the increasing concerns over the reduction of carbon emissions is expected to drive the market studied.
