Market Size of Uzbekistan Power EPC Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 2.41 % |
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?
Uzbekistan Power EPC Market Analysis
Uzbekistan has emerged to be the largest producer of electricity in Central Asia, with a total installed capacity of more than 12,500 MW. The electricity generation grew at a CAGR of 2.41% during the period 2011-2018 and is expected to continue its growth over the forecast period. The country electricity generation mix involved around 85% of the generation by fossil fuel power plants, while the rest is provided by hydro facilities. The electricity consumption is expected to surge due to the high rate of industrialization and growth in the population during the forecast period. The increasing demand of electricity is expected to drive the Uzbekistan power EPC market over the forecast period. However, the country's power sector has constantly struggled to meet the demands of a rapidly growing population and a developing economy, due to outdated infrastructure and inefficient management which is expected to restrain the growth of the market during the forecast period.
- The thermal power generation sector dominated the Uzbekistan power market owing to large number of thermal power plantsthe present in the country.
- The target to increase the renewables and nuclear generation capacity in a bid to decrease the carbon footprint is expected to render opportunity for the growth of the market over the forecast period.
- Renewables are expected to grow owing to the increasing awareness for clean energy, to drive the makret.
