PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1391752
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1391752
India Power EPC Market, By Power Generation ; By Power Transmission and Distribution ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
India Power EPC Market Size Zooming 3.3X at Robust CAGR of 21.9% to Touch USD 45.36 Billion by 2029.
India power EPC market is flourishing because of an increasingly high demand for energy and power and the government's supportive initiatives in providing electricity to its people across the regions.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India power EPC market size at USD 13.8 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India power EPC market size to grow at a robust CAGR of 21.94% reaching a value of USD 45.36 billion by 2029. Major growth drivers for the India power EPC market include the growing industrial operations and the increasing number of government initiatives focused on providing electricity to every citizen in the country. Also, India power EPC market is further expected to be primarily influenced by the conventional thermal segment, encompassing coal, natural gas, and oil-based power generation, constituting approximately 62.2% of the nation's total energy capacity. However, advancements such as supercritical and ultra-supercritical coal power plants, combined with government endeavors to augment renewable energy sources, are expected to unlock numerous opportunities in the forthcoming period. This is further reinforced by the escalating number of power-related projects within the country, driving the India power EPC market's growth during the forecast period. However, regulatory challenges and funding constraints are anticipated to restrain the overall market growth during the forecast period.
India Power EPC Market - Overview
The India power EPC market refers to the sector in India that involves the Engineering, Procurement, and Construction (EPC) of power generation and distribution infrastructure. This market encompasses the planning, design, procurement of equipment and materials, and the construction of power plants, electrical grids, and related facilities necessary for the generation and distribution of electricity in India. It is a crucial sector that plays a vital role in meeting the energy needs of the country and is characterized by various technologies and sources, including conventional thermal power, renewable energy sources, and other innovative solutions. The India power EPC market involves a wide range of projects aimed at ensuring a reliable and efficient power supply to meet the growing energy demands of the nation.
Impact of COVID-19 on India Power EPC Market
COVID-19 pandemic adversely affected the India power EPC market. It disrupted supply chains, leading to delays in project execution and increased costs. Lockdowns and restrictions hampered labor availability, affecting construction activities. Financing challenges emerged as economic uncertainties prevailed. However, the crisis also accelerated the adoption of digital technologies and remote monitoring, enhancing project efficiency. The government introduced relief measures, such as deadline extensions, to mitigate the pandemic's impact. While the short-term challenges were significant, the long-term resilience of the India power EPC market was bolstered by adaptation to new norms and a focus on sustainable, technology-driven solutions.
India Power EPC Market - By Power Transmission and Distribution
Based on power transmission and distribution, the India power EPC market is bifurcated into Distribution Infrastructure and Transmission Infrastructure segments. The transmission infrastructure segment holds a higher share in the India power EPC market by power transmission and distribution. Notably, the government's "power for all" initiative has prioritized the enhancement of the transmission and distribution network to ensure electricity reaches more areas, stimulating growth in the transmission segment. As power generation capabilities are not evenly distributed across the country, there's a growing need for an integrated system planning approach in the transmission sector to efficiently manage and balance the distribution of electricity. These combined factors have propelled the transmission segment to a higher share in the India Power EPC market.
Competitive Landscape
Major players operating in the India power EPC market include: Bharat Heavy Electricals Limited (BHEL), Larsen & Toubro Limited, Tata Group, Sterlite Power Transmission Limited, Doosan Corporation, BGR Energy Systems Ltd, Alstom SA, Sterling and Wilson Solar Ltd, Reliance Infrastructure Ltd (Reliance Group), and MECON Limited. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Power EPC Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Power EPC Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Power Generation Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Power EPC Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising energy demand
- 3.2.1.2. Government initiatives
- 3.2.2. Restraints
- 3.2.2.1. Regulatory challenges
- 3.2.2.2. Funding constraints
- 3.2.3. Opportunities
- 3.2.3.1. Renewable energy growth
- 3.2.3.2. Grid modernization
- 3.2.4. Challenges
- 3.2.4.1. Environmental concerns
- 3.2.4.2. Skilled labor shortage
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Power EPC Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share and Forecast
- 4.2.1. By Power Generation
- 4.2.1.1. Thermal
- 4.2.1.2. Hydro
- 4.2.1.3. Nuclear
- 4.2.1.4. Non-Hydro Renewables
- 4.2.2. By Power Transmission and Distribution
- 4.2.2.1. Distribution Infrastructure
- 4.2.2.2. Transmission Infrastructure
- 4.2.3. By Region
- 4.2.3.1. North India
- 4.2.3.2. South India
- 4.2.3.3. East India
- 4.2.3.4. West India
- 4.2.1. By Power Generation
5. North India Power EPC Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Power Generation
- 5.2.2. By Power Transmission and Distribution
6. South India Power EPC Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Power Generation
- 6.2.2. By Power Transmission and Distribution
7. East India Power EPC Market
- 7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Power Generation
- 7.2.2. By Power Transmission and Distribution
8. West India Power EPC Market
- 8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Power Generation
- 8.2.2. By Power Transmission and Distribution
9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. India Power EPC Market Share Analysis, 2022
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India Power EPC Market
11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 11.1. Bharat Heavy Electricals Limited
- 11.2. Larsen & Toubro Limited
- 11.3. Tata Group
- 11.4. Sterlite Power Transmission Limited
- 11.5. Doosan Corporation
- 11.6. BGR Energy Systems Ltd
- 11.7. Alstom SA
- 11.8. Sterling and Wilson Solar Ltd
- 11.9. Reliance Infrastructure Ltd (Reliance Group)
- 11.10. MECON Limited
- 11.11. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
- 13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
- 13.2. Quantitative Research
- 13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
- 13.4. Breakdown of Primary Research Respondents, By Region
- 13.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 India Power EPC Segmentation
- Figure 2 India Power EPC Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India Power EPC Market Size, By Value (USD Billion), 2019-2029
- Figure 5 India Power EPC Market Share, By Power Generation, By Value, 2019-2029
- Figure 6 India Power EPC Market Share, By Power Transmission and Distribution, By Value, 2019-2029
- Figure 7 India Power EPC Market Share, By Region, By Value, 2019-2029
- Figure 8 North India Power EPC Market Size, By Value (USD Billion), 2019-2029
- Figure 9 North India Power EPC Market Share, By Power Generation, By Value, 2019-2029
- Figure 10 North India Power EPC Market Share, By Power Transmission and Distribution, By Value, 2019-2029
- Figure 11
- Figure 12 South India Power EPC Market Size, By Value (USD Billion), 2019-2029
- Figure 13 South India Power EPC Market Share, By Power Transmission and Distribution, By Value, 2019-2029
- Figure 14 East India Power EPC Market Size, By Value (USD Billion), 2019-2029
- Figure 15 East India Power EPC Market Share, By Power Generation, By Value, 2019-2029
- Figure 16 East India Power EPC Market Share, By Power Transmission and Distribution, By Value, 2019-2029
- Figure 17 West India Power EPC Market Size, By Value (USD Billion), 2019-2029
- Figure 18 West India Power EPC Market Share, By Power Generation, By Value, 2019-2029
- Figure 19 West India Power EPC Market Share, By Power Transmission and Distribution, By Value, 2019-2029
List of Tables
- Table 1 India Power EPC Market Size, By Value (USD Billion), 2019-2029
- Table 2 India Power EPC Market Size, By Power Generation, By Value, 2019-2029
- Table 3 India Power EPC Market Size, By Power Transmission and Distribution, By Value, 2019-2029
- Table 4 India Power EPC Market Size, By Region, By Value, 2019-2029
- Table 5 North India Power EPC Market Size, By Value (USD Billion), 2019-2029
- Table 6 North India Power EPC Market Size, By Power Generation, By Value, 2019-2029
- Table 7 North India Power EPC Market Size, By Power Transmission and Distribution, By Value, 2019-2029
- Table 8 South India Power EPC Market Size, By Value (USD Billion), 2019-2029
- Table 9 South India Power EPC Market Size, By Power Generation, By Value, 2019-2029
- Table 10 South India Power EPC Market Size, By Power Transmission and Distribution, By Value, 2019-2029
- Table 11 East India Power EPC Market Size, By Value (USD Billion), 2019-2029
- Table 12 East India Power EPC Market Size, By Power Generation, By Value, 2019-2029
- Table 13 East India Power EPC Market Size, By Power Transmission and Distribution, By Value, 2019-2029
- Table 14 West India Power EPC Market Size, By Value (USD Billion), 2019-2029
- Table 15 West India Power EPC Market Size, By Power Generation, By Value, 2019-2029
- Table 16 West India Power EPC Market Size, By Power Transmission and Distribution, By Value, 2019-2029
- Table 17 Bharat Heavy Electricals Limited Company Overview
- Table 18 Bharat Heavy Electricals Limited Financial Overview
- Table 19 Larsen & Toubro Limited Company Overview
- Table 20 Larsen & Toubro Limited Financial Overview
- Table 21 Tata Group Company Overview
- Table 22 Tata Group Financial Overview
- Table 23 Sterlite Power Transmission Limited Company Overview
- Table 24 Sterlite Power Transmission Limited Financial Overview
- Table 25 Doosan Corporation Company Overview
- Table 26 Doosan Corporation Financial Overview
- Table 27 BGR Energy Systems Ltd Company Overview
- Table 28 BGR Energy Systems Ltd Financial Overview
- Table 29 Alstom SA Company Overview
- Table 30 Alstom SA Financial Overview
- Table 31 Sterling and Wilson Solar Ltd Company Overview
- Table 32 Sterling and Wilson Solar Ltd Financial Overview
- Table 33 Reliance Infrastructure Ltd (Reliance Group) Company Overview
- Table 34 Reliance Infrastructure Ltd (Reliance Group) Financial Overview
- Table 35 MECON Limited Company Overview
- Table 36 MECON Limited Financial Overview
