Philippines Power Generation EPC Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The power generation EPC market in the Philippines is expected to register a CAGR of over 5% in the forecast period, 2020-2025. Factor, such as the increasing energy demand, are likely to drive the Philippines power generation EPC market in the forecast period. However, factors, such as complexity and expensive nature of coal-fired and natural-gas-fired power plants, coupled with delays in projects, are expected to have a negative impact on the market studied.
Key HighlightsThe Philippines power generation EPC market is moderately consolidated. Some of the key players in this market include AYALA CORP/ADR (AC Energy), MANILA ELEC CO/ADR (Meralco), Daelim Industrial Co Ltd, Siemens AG, and SMC Global Power Holdings Corp.
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