London, 10 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the EPC Market in India 2015-2019, which is expected to grow at a CAGR of 20.26 percent during the period 2014-2019.
The EPC vendors in India receive projects from various end-users such as the Transportation, Energy, Oil and Gas, and Communication sectors. The GOI has strengthened its focus on infrastructure development and is expected to increase its spending in the infrastructure of the sectors mentioned above. Private players in various sectors are also expected to increase their spending in infrastructure during the forecast period. Better economic situation for India during the forecast period will help EPC vendors in receiving more projects from both the GOI and private players.
“Over the past few years, investment in the Renewable Energy sector has increased tremendously. Renewable energy has been viewed as a very important and sustainable solution to meet India’s energy needs,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Infrastructure Investment by GOI
- Investments from Private Sector
- Improvement in Indian GDP Growth Rate
Key Market Trends
- Urbanization in India
- Investment in Renewable Energy and Storage Sectors
- Entry of New Players
Key Market Vendors
- GMR Group
- Jaiprakash Associates Ltd.
- Larsen and Toubro Ltd. (L&T)
- Nagarjuna Construction Company Ltd. (NCC)
- Punj Lloyd Ltd.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
