Market Size of Nigeria Power EPC Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Nigeria Power EPC Market Analysis
The Nigeria Power EPC Market is expected to register a CAGR of over 4% during the forecast period.
In 2020, COVID-19 negatively impacted the market. Presently, the market is expected to reach pre-pandemic levels.
- Over the medium term, supportive government policies and increasing investments in the power sector are expected to drive the market.
- On the other hand, geopolitical tensions and the high fiscal deficit, coupled with a high inflation rate, are expected to negatively impact the Nigerian power EPC market in the short term.
Nevertheless, emerging markets such as distributed power generation, smart grids, and energy storage are expected to create ample opportunities for the players in the near future.
