Italy Power Epc Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Italian power EPC market is expected to register a CAGR of more than 6.2% during the forecast period, 2022-2027. The COVID-19 outbreak has shown a moderate impact on Italy's Power EPC Market. EPC contractors in Italy faced disruption in the procurement of the necessary equipment for projects like the Ontex solar plant, which affected the scheduled commercial operations of the project. Moreover, growing awareness of the adoption of renewable energy sources and increasing power consumption are the key factors resulting in the growth of the Italian power EPC market. With soaring power demand, numerous new projects are under construction and planning stages, which, in turn, is expected to enhance the market share. Accelerating the deployment of renewable energy sources on a large scale is likely to drive the EPC market across the nation. However, low domestic investments and slow tenders' slow processing are likely to restrain the market growth during the forecast timeline.
Key HighlightsThe Italian power EPC market is moderately fragmented and is dominated by companies, including Wärtsilä Oyj Abp, STC Power Srl, Maire Tecnimont SpA, Carlo Gavazzi Impianti, and Demont Srl.
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