Qatar Power EPC Market 2021 is Booming Worldwide With Profiling Key Players- Samsung C&T Corp., Siemens AG, Yokogawa Electric Corporation

Market Insights Reports delivers key insights on the Power EPC market in its latest report titled, “Qatar Power EPC Market - Growth, Trends, COVID-19 Impact, And Forecasts (2021 - 2025)” provides an in-depth analysis of key players strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report

The Qatari power EPC market is expected to register a CAGR of over 3.8% during the forecast period 2020 - 2025

(Avail a Flat 25% discount on this report)

Click the link to get a Free Sample Copy of the Report:

https://www.marketinsightsreports.com/reports/10192353107/qatar-power-epc-market-growth-trends-and-forecasts-2020-2025/inquiry?Mode=28                            

Top Key Players in the Qatar Power EPC Market are El Sewedy Electric Co SAE, Samsung C&T Corp., Siemens AG, Yokogawa Electric Corporation, and Larsen & Toubro Limited., and others. 

Market Overview:

Factors, such as the growth of the industrial sector, are expected to be the most significant long-term drivers for the market in the country. Similar to the other oil and gas producing countries in the region, the Government of Qatar is also concerned about overdependence on the petroleum industry. In order to address this problem, the government is actively investing in other industrial sectors to diversify the economy. As a result of this approach, during the last five years (2014-2019), 380 new industrial facilities have been built in the country, which is likely to drive the Qatar power EPC market during the forecast period. However, the entire risk of loss is bared by the contractor which is discouraging the entry of small local players into the market, which is likely to restrain the growth of the power EPC market in the country in the coming years.

Key Market Trends:

Power Transmission and Distribution Segment to Witness Significant Growth

- The transmission and distribution sector in the country is 100% owned by the state-owned organization, Kahramaa, a subsidiary of Qatar General Electricity & Water Corporation. No private investment is allowed in this sector.

- Qatar has a well-established grid infrastructure that connects 100% of the population in the country. Yet, the transmission and distribution sector is witnessing a massive inflow of investments, mainly owing to the increasing power demand and developments in the power generation sector, which resulted in the need for new infrastructure, as well as upgradation of existing transmission and distribution infrastructure.

- Electricity demand is increasing at a substantial rate in the country. In line with this growth, the power generation sector has also witnessed significant capacity additions. With the growth of the power generation sector, the requirement for expansion and upgradation of the transmission infrastructure has also grown, resulting in the increasing investments in this sector. The expansion of the transmission and distribution infrastructure is primarily driven by the following factors.

- With the growth of the industrial sector, particularly in the last five years, and increasing infrastructure development aimed at the FIFA World Cup 2022, the electricity demand in the past few years grown at a rate well over 7%. In order to meet this demand, the power generation sector witnessed significant capacity additions. During 2008-2018, the installed power generation capacity increased from 4,032 MW to 10,580 MW.

- Hence, during the forecast period, given the number of power generation projects under-construction and in-pipeline, the demand for the transmission and distribution infrastructure is expected to register a similar growth trend.

Full Browse the report description and TOC:

https://www.marketinsightsreports.com/reports/10192353107/qatar-power-epc-market-growth-trends-and-forecasts-2020-2025?Mode=28         

This Qatar Power EPC Market report addresses:

- The Market size from 2016-2021

- Expected market growth until 2025

- Forecast of how market drivers, restraints, and future opportunities will affect

- Segment and regions that will drive or lead the market growth and why

- Comprehensive mapping of the competitive landscape

- In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Power EPC market:

– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?

Purchase Full Report@:

https://www.marketinsightsreports.com/report/purchase/10192353107?mode=su?Mode=28                  

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format
– 3 months of analyst support

We Also Offer Customization on report based on specific client Requirement:

– Free Country Level analysis for any 5 countries of your choice.

– Free Competitive analysis of any 5 key market players.

–  Free 40 analyst hours to cover any other data point

Market Insights Reports
4893, Pepper drive, Harrisburg ,NC 28075,United States

Irfan Tamboli (Head of Sales)
Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.