전력 EPC 시장 - 세계 산업 규모, 점유율, 동향, 기회, 예측 : 유형별, 구성 요소별, 지역별, 경쟁(2021-2031년)

The Global Power EPC Market is projected to grow from USD 135.96 Billion in 2025 to USD 184.40 Billion by 2031, registering a CAGR of 5.21%. This sector encompasses the comprehensive delivery of energy infrastructure, where contractors take full responsibility for engineering designs, material procurement, and the physical construction of power plants. The market is primarily driven by the accelerating global transition to clean energy, the urgent need to modernize aging grid networks, and increasing electricity demand in industrializing economies, all of which require the deployment of large-scale infrastructure and specialized technical services to ensure a reliable energy supply.

According to the International Renewable Energy Agency, the global power sector added 585 gigawatts of new renewable capacity in 2024, indicating a robust demand for specialized construction services. However, the market faces significant hurdles due to persistent volatility in raw material prices, which challenges the financial stability of long-term projects. This unpredictability threatens to impede market expansion by inflating project costs and disrupting supply chain stability, making it difficult for stakeholders to maintain consistent growth trajectories.

Market Driver

The escalating global demand for clean and renewable energy infrastructure acts as a primary catalyst for the EPC sector, as nations aggressively shift away from fossil fuels to meet decarbonization goals. This transition requires the deployment of complex, utility-scale generation assets, necessitating contractors with advanced capabilities in site engineering, material procurement, and project management. The scale of this development is highlighted by the wind sector, where specialized firms are crucial for logistics and turbine installation; the Global Wind Energy Council's 'Global Wind Report 2024' noted that the industry installed a record 117 gigawatts of new capacity in 2023, underscoring the vital role of EPC providers in delivering energy transition assets.

Concurrently, the surging power requirements for data centers and AI infrastructure are creating a distinct, high-growth revenue stream for the market. As technology firms expand to support artificial intelligence workloads, they require hyper-scale facilities with reliable base-load electricity and sophisticated cooling systems; Goldman Sachs reported in April 2024 that data center power demand is projected to grow 160 percent by 2030. To accommodate these shifts, capital expenditure is scaling massively, with the International Energy Agency estimating that global investment in clean energy technologies and infrastructure will reach USD 2 trillion in 2024.

Market Challenge

Persistent volatility in raw material prices significantly hampers the Global Power EPC Market by destabilizing the financial models necessary for long-term infrastructure projects. Contractors often operate under fixed-price agreements, absorbing the liability for cost escalations that occur after contracts are signed. When input costs rise unexpectedly, project margins are eroded, forcing firms to either increase bid prices to cover risks or decline participation in tenders, which limits the availability of capable firms for critical developments and complicates contract negotiations.

This instability is exacerbated by sharp inflationary trends in key structural materials required for power plants and grid networks. According to the Associated General Contractors of America, the producer price index for aluminum mill shapes rose by 26% in September 2025 compared to the previous year, while steel mill products increased by 12.4%. Such substantial fluctuations make accurate budgeting difficult and disrupt supply chains as manufacturers struggle to maintain delivery schedules, frequently leading to project delays as stakeholders pause to renegotiate terms or secure alternative suppliers.

Market Trends

The development of Green Hydrogen and Ammonia Infrastructure is establishing a new asset class for the Global Power EPC Market, requiring contractors to integrate power generation with complex chemical processing facilities. This trend necessitates the deployment of large-scale electrolyzers and balance-of-plant systems, compelling firms to bridge the technical gap between electrical engineering and process engineering. As industrial decarbonization accelerates, EPC providers are securing contracts that encompass both renewable energy sources and hydrogen production infrastructure; according to the International Energy Agency's 'Global Hydrogen Review 2025', capital spending on low-emissions hydrogen projects reached USD 4.3 billion in 2024, marking the transition of these technologies to commercial execution.

Simultaneously, the incorporation of Utility-Scale Energy Storage Systems is fundamentally altering project specifications as grid operators seek to mitigate the intermittency of renewable generation. Contractors are increasingly tasked with installing massive battery energy storage systems (BESS) that require specialized thermal management, safety containment, and grid synchronization capabilities. This shift demands that EPC firms develop competencies in integrating storage assets directly with wind and solar farms; the European Association for Storage of Energy reported in March 2025 that Europe's energy storage capacity reached 89 gigawatts by the end of 2024, highlighting the rapid expansion of this infrastructure segment.

Key Market Players

• General Electric
• Siemens AG
• ABB Group
• Mitsubishi Hitachi Power Systems
• Doosan Heavy Industries & Construction
• Bechtel Corporation
• China Energy Engineering Corporation
• Black & Veatch
• The Tata Power Company Limited
• Samsung C&T Corporation

Report Scope

In this report, the Global Power EPC Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Power EPC Market, By Type

• Thermal
• Oil & Gas
• Renewable
• Nuclear
• Others

Power EPC Market, By Component

• Engineering Design
• Procurement
• Construct

Power EPC Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Power EPC Market.

Available Customizations:

Global Power EPC Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Power EPC Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Type (Thermal, Oil & Gas, Renewable, Nuclear, Others)
  • 5.2.2. By Component (Engineering Design, Procurement, Construct)
  • 5.2.3. By Region
  • 5.2.4. By Company (2025)
• 5.3. Market Map

6. North America Power EPC Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Type
  • 6.2.2. By Component
  • 6.2.3. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Power EPC Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Type
      • 6.3.1.2.2. By Component
  • 6.3.2. Canada Power EPC Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Type
      • 6.3.2.2.2. By Component
  • 6.3.3. Mexico Power EPC Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Type
      • 6.3.3.2.2. By Component

7. Europe Power EPC Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Type
  • 7.2.2. By Component
  • 7.2.3. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Power EPC Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Type
      • 7.3.1.2.2. By Component
  • 7.3.2. France Power EPC Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Type
      • 7.3.2.2.2. By Component
  • 7.3.3. United Kingdom Power EPC Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Type
      • 7.3.3.2.2. By Component
  • 7.3.4. Italy Power EPC Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Type
      • 7.3.4.2.2. By Component
  • 7.3.5. Spain Power EPC Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Type
      • 7.3.5.2.2. By Component

8. Asia Pacific Power EPC Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Type
  • 8.2.2. By Component
  • 8.2.3. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Power EPC Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Type
      • 8.3.1.2.2. By Component
  • 8.3.2. India Power EPC Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Type
      • 8.3.2.2.2. By Component
  • 8.3.3. Japan Power EPC Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Type
      • 8.3.3.2.2. By Component
  • 8.3.4. South Korea Power EPC Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Type
      • 8.3.4.2.2. By Component
  • 8.3.5. Australia Power EPC Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Type
      • 8.3.5.2.2. By Component

9. Middle East & Africa Power EPC Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Type
  • 9.2.2. By Component
  • 9.2.3. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Power EPC Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Type
      • 9.3.1.2.2. By Component
  • 9.3.2. UAE Power EPC Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Type
      • 9.3.2.2.2. By Component
  • 9.3.3. South Africa Power EPC Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Type
      • 9.3.3.2.2. By Component

10. South America Power EPC Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Type
  • 10.2.2. By Component
  • 10.2.3. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Power EPC Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Type
      • 10.3.1.2.2. By Component
  • 10.3.2. Colombia Power EPC Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Type
      • 10.3.2.2.2. By Component
  • 10.3.3. Argentina Power EPC Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Type
      • 10.3.3.2.2. By Component

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Power EPC Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. General Electric
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Siemens AG
• 15.3. ABB Group
• 15.4. Mitsubishi Hitachi Power Systems
• 15.5. Doosan Heavy Industries & Construction
• 15.6. Bechtel Corporation
• 15.7. China Energy Engineering Corporation
• 15.8. Black & Veatch
• 15.9. The Tata Power Company Limited
• 15.10. Samsung C&T Corporation

16. Strategic Recommendations

17. About Us & Disclaimer