Power EPC Market in Algeria - Forecast and Analysis 2022-2026

The power EPC market share in Algeria is expected to increase by USD 1.22 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 11.38%.

This power EPC market in Algeria research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers power EPC market in Algeria segmentations by application (non-renewable and renewable) and end-user (private and government). The power EPC market in Algeria report also offers information on several market vendors, including Elecnor SA, Eni Spa, Hanwha Engineering and Construction Corp., Kohler Co., Mytilineos Holdings SA, SGS SA, Sonelgaz, and Tata Sons Pvt. Ltd. among others.

What will the Power EPC Market Size in Algeria be During the Forecast Period?

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Power EPC Market In Algeria: Key Drivers, Trends, and Challenges

The rising demand for power from residential, commercial, and industrial sectors is notably driving the power EPC market growth in Algeria, although factors such as lack of communication between teams may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the power EPC industry in Algeria. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Power EPC Market Driver in Algeria

The rising demand for power from residential, commercial, and industrial sectors is one of the key factors driving  Algeria power engineering, procurement, and construction growth in Algeria. Manufacturing industries, including automotive and electronic goods assembly, will also witness growth in the country during the forecast period. Therefore, between 2022 and 2030, increasing demand for power from the residential, commercial, and industrial sectors will require 5,000-7,000 megawatts (MW) of new conventional power generation, which will lead to an estimated investment of $1 billion per year for the construction of up to seven power plants during 2022-2030. Thus, with the growth in overall power consumption in Algeria, there will be an increase in the number of power generation projects in the country, which will provide immense opportunities for the EPC market in the power generation sector. 

Key Power EPC Market In Algeria Trend

The shift toward renewable power is one of the key Algeria power EPC market trends fueling the market growth. By 2035, Algeria aims to produce 15 gigawatts (GW) of power generation capacity from renewable energy sources, of which 65% will come from solar PV and 23% from wind energy. Meanwhile, Algeria aims to increase the share of renewables in electricity generation to 27% by 2030, up from 0.8% in 2017. In the coming years, the government of Algeria will focus on minimizing its domestic use of oil and gas resources for power generation and on increasing the export of these resources to international markets instead. Such factors are expected to drive the growth of the market during the forecast period.

Key Power EPC Market In Algeria Challenge

Lack of communication between teams is one of the factors impeding the power engineering, procurement, and construction (EPC) market growth in Algeria. A single power EPC project may be divided up among numerous teams by the EPC contractor company, ranging from the engineering team to general contractors. A lot of teamwork is required for such construction projects, as it calls for extensive cross-team contact and collaboration. However, these teams are frequently dispersed across different locations, and the lack of cross-team collaboration can lead to each team operating in a silo, which poses a major challenge. In addition to lowering overall productivity, this type of breakdown in communication may also be financially costly. Thus, the lack of communication between different teams of the EPC contractor may hamper the successful execution of the project, which, in turn, can impede the growth of the Algeria power EPC market.

This power EPC market in Algeria analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the power engineering, procurement, and construction (EPC) in Algeria as a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the Algeria power engineering, procurement, and construction (EPC) during the forecast period.

Who are the Major Power EPC Market Vendors in Algeria?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Elecnor SA
• Eni Spa
• Hanwha Engineering and Construction Corp.
• Kohler Co.
• Mytilineos Holdings SA
• SGS SA
• Sonelgaz
• Tata Sons Pvt. Ltd.

 

This statistical study of the Algeria power engineering, procurement, and construction (EPC) encompasses successful business strategies deployed by the key vendors. The Algeria power engineering, procurement, and construction (EPC) is concentrated and the vendors are deploying growth strategies such as quality, price, and geographical presence to compete in the market.

Product Insights and News

• kohlercompany.com - Through the unified segment, the company offers solutions for kitchen, bathroom, decorative products, power generation, golf, and resort destinations.
• kohlercompany.com - The company offers power EPC such as gas Genset, power module, and hybrid solutions.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The power EPC market in Algeria forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Power EPC Market in Algeria Value Chain Analysis

Our report provides extensive information on the value chain analysis for the Algeria power engineering, procurement, and construction (EPC), which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Application Segments in the Power EPC Market In Algeria?

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The Algeria power engineering, procurement, and construction market share growth in Algeria by the non-renewable segment will be significant during the forecast period. The non-renewable segment mainly includes conventional thermal power plants that generate energy from the combustion of fossil fuels, such as coal, oil, and natural gas. Moreover, non-renewables are expected to dominate the power EPC market in Algeria during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the power EPC market size in Algeria and actionable market insights on post COVID-19 impact on each segment.

 

Power EPC Market Scope in Algeria
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 11.38%
Market growth 2022-2026	$ 1.22 billion
Market structure	Concentrated
YoY growth (%)	10.78
Regional analysis	Algeria
Performing market contribution	Middle East and Africa at 100%
Key consumer countries	Algeria
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Elecnor SA, Eni Spa, Hanwha Engineering and Construction Corp., Kohler Co., Mytilineos Holdings SA, SGS SA, Sonelgaz, and Tata Sons Pvt. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Power EPC Market in Algeria Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive power EPC market growth in Algeria during the next five years
• Precise estimation of the power EPC market size in Algeria and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the power EPC industry in Algeria  
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of power EPC market vendors in Algeria 

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