Power EPC Market in Algeria Expected to Grow

The power EPC market in Algeria is expected to grow by US$1.22 billion during 2021-2026, at a CAGR of 11.38% during the forecast period. The market is driven by the rising demand for power from residential, commercial, and industrial sectors. In addition, the shift toward renewable power is anticipated to boost the growth of the Power EPC Market in Algeria. This report extensively covers the power EPC market in Algeria segmentations by application (non-renewable and renewable) and end-user (private and government). Request Free Sample Report.

Major Five Power EPC in Algeria Companies

Elecnor SA: The company offers execution of engineering, construction, and services projects, most notably in the electricity, power generation, gas, telecommunications and systems, railways, maintenance, facilities, construction, water, environment, and space sectors.
Eni Spa: The company strategically aims to significantly reduce the exposure of the chemical business to the cycles and the feedstock volatility through the specialization of the product portfolio and the development and integration of chemistry from renewables.
Hanwha Engineering and Construction Corp.: The company offers power EPC such as hydrogen fuel cells and simple cycles.
Kohler Co.: The company offers solutions for kitchen, bathroom, decorative products, power generation, golf, and resort destinations.
Mytilineos Holdings SA: The company offers production, processing, and trading of metals, mostly aluminum alloys and other derivative products.

The rising demand for power from residential, commercial, and industrial sectors, growing investments in solar power projects, and renovation of aging power generation plants will offer immense growth opportunities. However, lack of communication between teams, shortage of skilled and experienced workers, and high repair and upgradation costs for power generation systems will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Download Free Sample Report.

Power EPC Market in Algeria Key Highlights

CAGR of the market during the forecast period
Detailed information on factors that will assist power EPC market in Algeria's growth during the next five years
Estimation of the power EPC market in Algeria size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the power EPC market in Algeria
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of the power EPC market in Algeria vendors