China Power Engineering, Procurement, and Construction Market Size, Share, By Type (Thermal Power, Hydro Power, Nuclear Power, Renewable Power), By Application (Power Generation, Transmission & Distribution), China Power EPC Market Insights, Industry Trend, Forecasts to 2035

China Power EPC Market Insights Forecasts to 2035

• China Power EPC Market Size 2024: USD 130.2 Billion
• China Power EPC Market Size 2035:  USD 218.6 Billion
• China Power EPC Market CAGR 2024: 4.82%
• China Power EPC Market Segments: Type and Application.

The China power engineering, procurement, and construction market includes engineering procurement and construction services, which support the creation of power generation systems, power transmission networks and power distribution systems that operate in thermal power plants, renewable energy systems and nuclear power facilities. The EPC contractors handle all aspects of project execution, which include designing the project, acquiring the necessary equipment, supervising the construction process, performing all testing and delivering the complete power facility to the client. The market experiences growth because of increasing electricity consumption, the development of renewable energy facilities, the implementation of grid upgrades, the expansion of industrial activities and the construction of major infrastructure projects. The growing emphasis on decarbonization initiatives, together with smart grid technology deployment and advanced power technology integration initiatives establish new responsibilities for EPC companies within China's developing energy industry.

Presently, initiatives by the government, such as carbon neutrality goals, renewable energy expansion objectives, ultra-high-voltage transmission initiatives and electricity sector reforms have created strong market growth conditions. The national policies that operate under long-term energy transition strategies promote the development of solar, wind, hydro and nuclear energy resources while enhancing existing coal power plants through the installation of more efficient technology. The combination of financial incentives with simplified approval systems and government-funded projects enables faster execution of large-scale EPC ventures. The combination of these regulatory frameworks and the established strategic energy plans creates a reliable investment space which enables the ongoing development of power infrastructure while driving permanent growth in the China power EPC industry.

Market Dynamics of the China Power EPC Market:

The driving forces behind this market include increased electricity needs from industrial and urban growth combined with rising renewable energy capacity and the upgrading of power transmission systems. The demand for complete integrated EPC solutions arises from China's energy transition roadmap and its comprehensive grid interconnection initiatives. The project volumes increase through investments in offshore wind facilities and solar energy parks and hydroelectric power plants and nuclear power stations. The operational efficiency of EPC contractors benefits from the increasing use of smart grid technology and digital monitoring systems.

The challenges faced by the market include fluctuating raw material prices and the need for special regulatory approvals and environmental standards and the risks associated with obtaining project funding. The project schedule experiences interruptions because of delays in obtaining land and establishing grid connections. The domestic EPC contractors face margin pressures because of the strong competitive environment. The market faces operational difficulties because of the technical challenges involved in renewable energy system integration and large infrastructure project management.

The future prospects for the China power EPC market remain positive due to ongoing investments in renewable energy capacity and grid expansion efforts and energy storage development. The expansion of hydrogen energy projects and the establishment of offshore wind farms and the development of cross-regional UHV transmission lines will create fresh EPC business prospects. The power plants' increasing digitalization and development of low-carbon infrastructure will propel market growth over the long term.

Market Segmentation

The China power EPC market share is classified into type and application.

By Type:

The China power EPC market is divided by type into thermal power, hydro power, nuclear power, and renewable power. Among these, the renewable power segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Renewable power leads primarily due to China's aggressive push for wind and solar additions exceeding 200 GW annually, supportive policies under dual carbon goals, declining costs of solar PV and wind turbines, integration with storage solutions, and massive project pipelines in utility-scale farms. Government incentives, land availability in western regions, and technological advancements in offshore wind make renewables the fastest-growing category, driving EPC demand for engineering complex installations, procurement of advanced equipment, and construction of transmission links in diverse terrains.

By Application:

The China power EPC market is divided by application into power generation and transmission & distribution. Among these, the power generation segment dominated in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The main factors driving this include enormous investments in new renewable capacity, nuclear expansions targeting 200 GW by 2035, upgrades to existing thermal plants for efficiency, and baseload requirements amid rising demand. Policies promoting clean energy dominance, combined with state-backed funding for large-scale projects like solar parks and wind farms, accelerate EPC contracts for full-cycle delivery from site preparation to commissioning, ensuring reliable power supply and supporting industrial growth across provinces.

Competitive Analysis:

The report offers the appropriate analysis of the key organisations/companies involved within the China power EPC market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Top Key Companies in China Power EPC Market:

• Power Construction Corporation of China
• China Energy Engineering Corporation Limited (CEEC)
• China National Nuclear Corporation (CNNC)
• State Grid Corporation of China
• China Three Gorges Corporation
• China Gezhouba Group Corporation
• Sinohydro Corporation
• Shanghai Electric Group Co., Ltd.
• Dongfang Electric Corporation
• Harbin Electric Corporation
• China State Construction Engineering Corporation (CSCEC)
• China Datang Corporation

Recent Developments in China Power EPC Market:

In March 2025, Power Construction Corporation of China (POWERCHINA) collaborated with a provincial energy investment group to execute an integrated EPC contract for a large-scale offshore wind power project in eastern China. The collaboration focuses on engineering design optimization, turbine installation, and grid integration to accelerate renewable capacity expansion.

In February 2025, China Energy Engineering Corporation Limited (CEEC) signed a strategic cooperation agreement with domestic renewable developers to jointly develop solar-plus-energy storage projects under an EPC framework. The partnership aims to enhance grid stability and improve renewable energy utilization efficiency across multiple provinces.

In January 2025, Shanghai Electric Group Co., Ltd. launched a new high-efficiency ultra-supercritical steam turbine system designed for thermal power plants undergoing modernization. The product launch supports EPC upgrades of aging coal-fired facilities to improve efficiency and reduce carbon emissions.
 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the China, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the China power EPC market based on the below-mentioned segments:

China Power EPC Market, By Technology

• Thermal Power
• Hydro Power
• Nuclear Power
• Renewable Power

China Power EPC Market, By Application

• Power Generation
• Transmission & Distribution