Please Wait.....
Report
Myanmar Power Generation Epc Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 95 Pages I Mordor Intelligence
The Burmese power generation EPC market is expected to record a CAGR of approximately 3.5% during the forecast period of 2020-2027. The COVID-19 pandemic had a significant negative impact on the market, with delays in projects like the 151.54 MW gas power plant project in Alone Township in Yangon. However, all the operations were resumed in no time, thus, augmenting the market size. Factors such as the increased industrial developments that are promoting foreign investments across the sectors and several government initiatives to provide electricity to all people in the country are likely to drive the Burmese power generation EPC market during the forecast period. However, the high inflation rate, environmental awareness, and slow processing of projects are expected to restrain the Burmese power generation EPC market.
On account of the upcoming projects, the hydropower sector is expected to see significant growth in the Burmese market during the forecast period.
The electrification rate in Myanmar is growing, and the government's goal is to increase capacity to 20,000 MW by 2030 from the current installed capacity of only 4,000 MW.? This is expected to create opportunities for the market's growth during the forecast period.
Myanmar has a high potential for renewable energy. Increasing investment in the sector is expected to aid the growth in the market during the forecast period.
Myanmar Power Generation EPC Market Trends
Hydropower Segment Expected to Witness Significant Market Growth
In 2020, the renewable generation capacity in Myanmar was 3448 MW, of which 3304 MW was hydro/marine capacity, which amounted to about 96% of the total renewable generation capacity in the country, followed by solar with 84 MW, and bioenergy with 59 MW.
In Myanmar, hydropower has a potential of more than 100GW, however, only 3%?was utilized till 2020. There are nearly 27 hydropower stations in Myanmar connected to the national grid for power supply within the country.
The country has several upcoming projects, which are expected to support the growth of the segments. Among the most prominent are Yeywva hydropower projects. In November 2021, Aboitiz Power and SN Power Company signed an agreement to construct 735 MW of hydropower technology projects. The project is likely to get completed by 2027 and is expected to have an installed capacity of 735 MW.
Further, the Government of Myanmar has adopted numerous strategies to develop hydropower electricity generation in the country. For instance, dam construction had a substantial economic impact on individuals residing near the dams. The government plans on compensating individuals who have been or might be impacted by the construction of such dams.? This is expected to have a positive impact on the power EPC market in the country.
Hence, owing to the above factors, the hydropower segment is likely to see significant growth in the power generation EPC market during the forecast period.
Increasing Investments in Renewable Energy Expected to Drive the Market
According to statistical data from the Government of Myanmar, by the end of 2021, approximately 62% of the population in Myanmar had access to electricity, which was an increase from 49% in 2010. The electricity demand is expected to witness substantial growth during the forecast period in line with the Burmese government's plan of providing 100% access to electricity to the country's population by 2030.??
The government of Myanmar has signed contracts with companies like TTCL Public Co. Ltd and Sojitz Corporation to fulfill the national energy needs, which are expected to register significant growth during the forecast period and support the market's growth.
In May 2020, the World Bank gave a fund of USD 350 million to Myanmar to increase the output and efficiency of power generation. Myanmar is expected to upgrade the Ywama gas-fired power plant to improve the availability and reliability of energy services to consumers in Yangon.
Moreover, the Government of Myanmar has set a goal of securing 12% of its primary energy from renewable sources by 2025 as energy demand in the region is expected to grow by 50%. This, in turn, is expected to provide a significant edge to the Burmese power generation EPC market.?
Considering such developments in the renewable sector, the market is expected to witness substantial growth during the forecast period.
Myanmar Power Generation EPC Market Competitor Analysis
The power generation EPC market is moderately fragmented. Some of the key players in this market are EAM Myanmar, TTCL Public Company Limited??, Zeya & Associates Power Systems??, Parami Energy?, and SMEC Holdings, among others.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
5 MARKET SEGMENTATION
5.1 Source
5.1.1 Conventional Thermal Power (Diesel, Gas, Coal)
5.1.2 Hydropower
5.1.3 Other Sources (Solar and Wind)
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Collaborations, and Joint Ventures
6.2 Strategies Adopted by Key Players
6.3 Company Profiles
6.3.1 EAM Myanmar
6.3.2 Snowy Mountains Engineering Corporation Holdings Limited
6.3.3 TTCL Public Company Limited
6.3.4 Marubeni Corporation
6.3.5 Sumitomo Corporation
6.3.6 Mitsui & Corporation Limited
6.3.7 Zeya & Associates Power Systems
6.3.8 Hyundai Engineering and Construction Corporation Limited
6.3.9 Parami Energy
6.3.10 Mitsubishi Heavy Industries Group
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security