Report Code : CVMI24071668 | Published Date : July 16, 2024
The Power Generation Engineering, Procurement, and Construction (EPC) Market is experiencing steady growth, driven by rising energy demand, increasing adoption of renewable power plants, and investments in thermal, nuclear, and hydroelectric generation projects. The market was valued at USD XX billion in 2019 and reached USD XX billion in 2023. It is projected to grow at a CAGR of XX% from 2024 to 2031, reaching USD XX billion by 2031.
Power Generation EPC Market Key Market Insights
Power generation EPC services encompass the design, procurement, construction, and commissioning of power generation facilities. The demand for energy-efficient, low-carbon power plants and digital energy management systems is accelerating within the industry growth.
Power Generation EPC Market Growth Drivers
- Increasing investments in renewable and hybrid power generation – The expansion of solar, wind, and hybrid power plants is driving the market demand.
- Advancements in Thermal, Hydro, and Nuclear Power EPC Projects – The development of high-efficiency gas turbines, floating solar farms, and next-gen nuclear plants is reshaping the future of energy industry.
- Expansion of Digital and AI-Driven Power Plant Optimization – The integration of real-time energy monitoring, smart grid connectivity, and AI-powered plant management enhances operational efficiency.
- Regulatory Support and Net-Zero Energy Transition Goals – Governments around the globe are enacting carbon reduction policies and investing in green energy programs to expedite the transition to clean power adoption.
Power Generation EPC Market Regional Trends
- North America excels with its advanced expertise in power plant EPC and the expansion of renewable energy initiatives.
- Europe is expanding with stringent emissions regulations and large-scale offshore wind EPC projects projects.
- The Asia-Pacific region is experiencing rapid growth, fueled by investments in renewable and thermal power plant EPC from China, India, and Japan services.
- Latin America and MEA are emerging markets that benefit from foreign investments in grid-connected power generation projects.
ClearView Market Insights Analysis;
The Power Generation EPC market is poised for continued growth, driven by the clean energy transition, advancements in plant efficiency, and an increasing number of public-private partnerships in power infrastructure. Companies that invest in innovative power plant EPC solutions, hybrid energy generation, and AI-driven operational management are positioned to lead this evolving sector.
Reasons To Buy

Scope
Key Players
- Bechtel Corporation
- Fluor Corporation
- KBR
- Inc.
- McDermott International
- Inc.
- MAPNA Group
Global Power Generation EPC Market Report
- 1. Global Power Generation EPC Market Research Report
- 1.1 Study Objectives
- 1.2 Global Power Generation EPC Market - Overview
- 1.3 Reason to Read This Report
- 1.4 Methodology and Forecast Analysis
- 2.1 Global Power Generation EPC Market Research Report – Detailed Scope and Definitions
- 2.1.1 By Fuel Type
- 2.1.2 By Plant Type
- 2.1.3 By Service
- 2.1.4 By End User
- 2.1.5 By Region
- 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
- 3.2. Restraints – By Fuel Type, By Plant Type, By Service, By End User, By Country
- 3.3. Opportunities – By Fuel Type, By Plant Type, By Service, By End User, By Country
- 3.4. Trends – By Fuel Type, By Plant Type, By Service, By End User, By Country
- 3.5. PEST Analysis
- 3.6. Porters Five Rule Analysis
- 3.7. Company’s Share Analysis (CSA) by Region or By Country
- 3.8. Global Power Generation EPC Market Research Report – DROTs Impact Analysis
- 4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
- 4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
- 4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.1 Renewable Energy (Solar
- 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.2 Wind
- 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.3 Hydro
- 5.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.4 Biomass)
- 5.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.5 Fossil Fuels (Coal
- 5.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.6 Natural Gas
- 5.6.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.6.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.6.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.6.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.7 Oil)
- 5.7.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.7.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.7.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.7.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.8 Nuclear Energy
- 5.8.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.8.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.8.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.8.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.1 Combined Cycle Power Plants
- 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.2 Thermal Power Plants
- 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.3 Hydroelectric Power Plants
- 6.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.4 Wind Farms
- 6.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.5 Solar Power Plants
- 6.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.1 Design and Engineering
- 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.2 Procurement
- 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.3 Construction
- 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.4 Commissioning
- 7.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.1 Utilities
- 8.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.2 Industrial Sector
- 8.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.3 Commercial Sector
- 8.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.1 North America
- 9.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.2 Europe
- 9.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.3 Asia-Pacific
- 9.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.4 Latin America
- 9.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.5 Middle East & Africa
- 9.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.6 Global Power Generation EPC Market - Opportunity Analysis Index, By Fuel Type, By Plant Type, By Service, By End User, and Region, 2024 - 2031
- 10.1 By Fuel Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 10.1.1 Renewable Energy (Solar
- 10.1.2 Wind
- 10.1.3 Hydro
- 10.1.4 Biomass)
- 10.1.5 Fossil Fuels (Coal
- 10.1.6 Natural Gas
- 10.1.7 Oil)
- 10.1.8 Nuclear Energy
- 10.2.1 Combined Cycle Power Plants
- 10.2.2 Thermal Power Plants
- 10.2.3 Hydroelectric Power Plants
- 10.2.4 Wind Farms
- 10.2.5 Solar Power Plants
- 10.3.1 Design and Engineering
- 10.3.2 Procurement
- 10.3.3 Construction
- 10.3.4 Commissioning
- 10.4.1 Utilities
- 10.4.2 Industrial Sector
- 10.4.3 Commercial Sector
- 10.5.1 United States
- 10.5.2 Canada
10.7 Regional Trends Analysis
10.8 North America Global Power Generation EPC Market Research Report - Company Profiles- 10.8.1 Company 1 (United States)
- 10.8.2 Company 2 (Canada)
- 10.8.3 Company 3 (Canada)
- 11.1 By Fuel Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 11.1.1 Renewable Energy (Solar
- 11.1.2 Wind
- 11.1.3 Hydro
- 11.1.4 Biomass)
- 11.1.5 Fossil Fuels (Coal
- 11.1.6 Natural Gas
- 11.1.7 Oil)
- 11.1.8 Nuclear Energy
- 11.2.1 Combined Cycle Power Plants
- 11.2.2 Thermal Power Plants
- 11.2.3 Hydroelectric Power Plants
- 11.2.4 Wind Farms
- 11.2.5 Solar Power Plants
- 11.3.1 Design and Engineering
- 11.3.2 Procurement
- 11.3.3 Construction
- 11.3.4 Commissioning
- 11.4.1 Utilities
- 11.4.2 Industrial Sector
- 11.4.3 Commercial Sector
- 11.5.1 Germany
- 11.5.2 United Kingdom
- 11.5.3 France
- 11.5.4 Spain
- 11.5.5 Italy
- 11.5.6 Russia
- 11.5.7 Netherlands
- 11.5.8 Poland
- 11.5.9 Rest of Europe
11.7 Regional Trends Analysis
11.8 Europe Global Power Generation EPC Market Research Report - Company Profiles- 11.8.1 Company 1 (Germany)
- 11.8.2 Company 2 (United Kingdom)
- 11.8.3 Company 3 (United Kingdom)
- 12.1 By Fuel Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 12.1.1 Renewable Energy (Solar
- 12.1.2 Wind
- 12.1.3 Hydro
- 12.1.4 Biomass)
- 12.1.5 Fossil Fuels (Coal
- 12.1.6 Natural Gas
- 12.1.7 Oil)
- 12.1.8 Nuclear Energy
- 12.2.1 Combined Cycle Power Plants
- 12.2.2 Thermal Power Plants
- 12.2.3 Hydroelectric Power Plants
- 12.2.4 Wind Farms
- 12.2.5 Solar Power Plants
- 12.3.1 Design and Engineering
- 12.3.2 Procurement
- 12.3.3 Construction
- 12.3.4 Commissioning
- 12.4.1 Utilities
- 12.4.2 Industrial Sector
- 12.4.3 Commercial Sector
- 12.5.1 China
- 12.5.2 Japan
- 12.5.3 India
- 12.5.4 South Korea
- 12.5.5 Australia & NZ
- 12.5.6 ASEAN
- 12.5.7 Rest of Asia-Pacific
12.7 Regional Trends Analysis
12.8 Asia-Pacific Global Power Generation EPC Market Research Report - Company Profiles- 12.8.1 Company 1 (China)
- 12.8.2 Company 2 (Japan)
- 12.8.3 Company 3 (Japan)
- 13.1 By Fuel Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 13.1.1 Renewable Energy (Solar
- 13.1.2 Wind
- 13.1.3 Hydro
- 13.1.4 Biomass)
- 13.1.5 Fossil Fuels (Coal
- 13.1.6 Natural Gas
- 13.1.7 Oil)
- 13.1.8 Nuclear Energy
- 13.2.1 Combined Cycle Power Plants
- 13.2.2 Thermal Power Plants
- 13.2.3 Hydroelectric Power Plants
- 13.2.4 Wind Farms
- 13.2.5 Solar Power Plants
- 13.3.1 Design and Engineering
- 13.3.2 Procurement
- 13.3.3 Construction
- 13.3.4 Commissioning
- 13.4.1 Utilities
- 13.4.2 Industrial Sector
- 13.4.3 Commercial Sector
- 13.5.1 Brazil
- 13.5.2 Mexico
- 13.5.3 Argentina
- 13.5.4 Peru
- 13.5.5 Colombia
- 13.5.6 Rest of Latin America
13.7 Regional Trends Analysis
13.8 Latin America Global Power Generation EPC Market Research Report - Company Profiles- 13.8.1 Company 1 (Brazil)
- 13.8.2 Company 2 (Mexico)
- 13.8.3 Company 3 (Mexico)
- 14.1 By Fuel Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 14.1.1 Renewable Energy (Solar
- 14.1.2 Wind
- 14.1.3 Hydro
- 14.1.4 Biomass)
- 14.1.5 Fossil Fuels (Coal
- 14.1.6 Natural Gas
- 14.1.7 Oil)
- 14.1.8 Nuclear Energy
- 14.2.1 Combined Cycle Power Plants
- 14.2.2 Thermal Power Plants
- 14.2.3 Hydroelectric Power Plants
- 14.2.4 Wind Farms
- 14.2.5 Solar Power Plants
- 14.3.1 Design and Engineering
- 14.3.2 Procurement
- 14.3.3 Construction
- 14.3.4 Commissioning
- 14.4.1 Utilities
- 14.4.2 Industrial Sector
- 14.4.3 Commercial Sector
- 14.5.1 Saudi Arabia
- 14.5.2 UAE
- 14.5.3 South Africa
- 14.5.4 Egypt
- 14.5.5 Israel
- 14.5.6 Rest of Middle East and Africa
14.7 Regional Trends Analysis
14.8 Middle East & Africa Global Power Generation EPC Market Research Report - Company Profiles- 14.8.1 Company 1 (Saudi Arabia)
- 14.8.2 Company 2 (UAE)
- 14.8.3 Company 3 (UAE)
- 15.1 Strategic Dashboard of Top Market Players
15.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)- 15.2.1 Bechtel Corporation
- 15.2.2 Fluor Corporation
- 15.2.3 KBR
- 15.2.4 Inc.
- 15.2.5 McDermott International
- 15.2.6 Inc.
- 15.2.7 MAPNA Group
17. Principal Presumptions and Acronyms