Market Size of Romania 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 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Romania Power EPC Market Analysis
The Romanian power EPC market is expected to register a CAGR of 2.05% during the forecast period.
The Romanian power EPC market was negatively impacted by the COVID-19 pandemic due to regional lockdowns and decreased power demand. However, the market rebounded in 2022. Factors, such as the rising development of power generation infrastructure, spurred by increasing demand for electricity in the country, are expected to drive the market's growth. However, the lack of investment in the power industry due to unpredictable government policies, making it difficult for energy developers to draft long-term strategies and deter investment, is expected to restrain the growth of the market studied.
The Romanian government remains determined to slowly phase out coal-based thermal power plants to combat climate change and ensure the sustainability of the electricity sector by ramping up investments in nuclear and across the wind, solar, gas, and biomass as a critical part of its sustainable development strategy. This is expected to provide a great opportunity for the market in the near future.
