Market Size of Qatar Power EPC Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.80 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Qatar Power EPC Market Analysis
The Qatari power EPC market is expected to register a CAGR of over 3.8% during the forecast period 2020-2025. Factors, such as the growth of the industrial sector, are expected to be the most significant long-term drivers for the market in the country. Similar to the other oil and gas producing countries in the region, the Government of Qatar is also concerned about overdependence on the petroleum industry. In order to address this problem, the government is actively investing in other industrial sectors to diversify the economy. As a result of this approach, during the last five years (2014-2019), 380 new industrial facilities have been built in the country, which is likely to drive the Qatar power EPC market during the forecast period. However, the entire risk of loss is bared by the contractor which is discouraging the entry of small local players into the market, which is likely to restrain the growth of the power EPC market in the country in the coming years.
- The power transmission and distribution segment is likely to register significant growth during the forecast period, due to the need for new infrastructure, as well as upgradation of existing transmission and distribution infrastructure.
- The Government of Qatar has been committed to the improvement of greater health and education services and is keen to develop the tourism market, which creates an increase in demand of electricity, therefore provides a wide range of opportunities in the Qatar Power EPC market.
- Shift toward the solar and wind power generation is expected to drive the market during the forecast period.
