Market Size of Sudan Power EPC Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sudan Power EPC Market Analysis
The Sudani power EPC market is expected to register a CAGR of over 2% in the forecast period, 2020-2025. Factor, such as the increasing energy demand of the country due to an increasing population, are likely to drive the Sudani power EPC market. However, the lack of foreign and domestic investors and no incentives provided by the government for renewable energy sources are expected to have a negative impact on the Sudani power EPC market.
- The hydro power segment, due to the highest installation capacity, held a significant market share in 2019, and it is likely to see considerable market growth during the forecast period.
- Sudan has announced to build four nuclear power plants by 2030 to fill its energy gap. This is likely to create several opportunities in the Sudani power EPC market in the future.
- Upcoming and ongoing projects in the country to meet its energy requirement are expected to drive the Sudani power EPC market.
