Summary
A new market study, titled “Global Power Generation EPC Market 2018 – 2025 ” has been featured on WiseGuyReports.
The Global Power Generation EPC market was valued at USD xx million in 2017 and is fore-casted to reach USD xx million by 2025, with a CAGR of xx% during the forecast period (2018-2025). The term EPC stands for ‘Engineer, Procure and Construct.' The key to this concept is that one organization, namely the contractor, undertakes virtually all aspects of the project and provides a single point of communication and responsibility for the owner. The use of EPC contracts in the power generation industry has been continuously evolving over the last few years as a result of tremendous changes happening in the business and technology areas of this industry. Almost all power generation projects use EPC contracts.
Countries are becoming more concerned about energy supply and are investing mas-sive capital in the power generation sector.
With the increase in economic growth and population, the demand for more power output continues to increase, and as a result, the power generation sector is attracting huge in-vestments globally. The high investments in the power sector will boom the market for EPC contracts in the power generation industry.
Lack of effective remedies is a primary restraint for the market
ALSO READ: https://news.watercloudsolutions.com/news/312697/power-generation-e...
Lack of effective remedies is a primary restraint for the market
Defects, delays, and failures to meet performance requirements are likely to result in se-vere consequences for the owner regarding lost income. Some performance failures may even make it impossible to operate the plant, e.g., a failure to meet the required noise or emissions minimum levels. The remedies/sanctions available to the owner for these failures must be adequate to compensate them for any losses incurred.
Many companies are reluctant to enter into the EPC contracts for power generation be-cause of the heavy losses suffered by the contractors in the past due to certain jurisdictions
All projects have to be time bound to be profitable; however, the market still suffers from inherent delays owing to various reasons, especially for the larger, complex projects that are delayed because of land acquisition complications or environmental clearance issues.
The Global Power Generation EPC market report segments the market by type and by geog-raphy. By type, the market can be segmented as Thermal, Combined-cycle power plants, Gas Based, Nuclear power plants, Renewable, and others. Thermal or Coal-based power generation has the maximum market share in EPA projects. The main reason for the ther-mal power source dominating the power generation market is the relatively low fuel cost and easy mechanism, the overall system of thermal power generation is cost-effective.
Due to the growing environmental awareness, there have been growing concerns over the use of coal (thermal) as a power source because it produces the considerable amount of Carbon-dioxide which is responsible for greenhouse effects. Thermal power generation also requires a high amount of water, which is also limiting the use of it. The EPC contracts for Renewable power generation sources are increasing because they are eco-friendly and does not deplete the natural resources.
By Geography the market has been segmented as- North America, South America, Asia-Pacific, Europe and Rest of the world. Asia-Pacific leads the global power generation EPC market due to the resources in this region and also the governments in countries like India and China are investing heavily in Power generation EPC projects.

The company profiles the following companies-
Doosan Groups, Tata Projects, Worley Parsons and SK Engineering & Construction
Key market segments covered
Type
• Thermal power source
• Combined-cycle power source
• Gas Based
• Nuclear power source
• Renewable
o Hydro
o Solar
o Wind
• Others
By Region
• Asia Pacific
• Europe
• North America
• South America
• Rest of the World
Why purchase the report?
• Visualize the composition of the Power Generation EPC market across each indica-tion, in terms of type, product type, and applications, highlighting the critical com-mercial assets and players.
• Identify commercial opportunities in Power Generation EPC market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of the Power Generation EPC market level 4/5 segmentation
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Product mapping in excel for the essential Power Generation EPC market products of all major market players
Target Audience
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturers

FOR MORE DETAILS – https://www.wiseguyreports.com/reports/3791868-global-power-generat...

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