L R AS Published on Saturday 13 July 2019 - n° 285 - Categories:various sectors
The global engineering-construction market is highly fragmented
The global engineering-construction market grows 34% in 2018 over 2017. The largest company was Sterling & Wilson of India,
according to IHS Markit, which has more than doubled its installations in 2018, partly thanks to the 1.2 GW Sweihan project in Abu Dhabi. Its business volume increased from 1.2 GW in 2017 to 2.7 GW in 2018.
The world's top 30 engineering-construction companies installed 19 GW in 2018, representing 21% of the market, compared to 23% in 2017.
Internationalisation has emerged as a broader trend among the market-leading EPCs, with seven of the top 15 companies working on projects in more than one region.
PV Magazine of 9 July
Editor's note No list of the main actors is provided in the article. One can especially notice the small size of the players: the first thirty only provide one fifth of the market. Is it because the activity does not lend itself to concentration, or is it because concentration has not yet taken place? The latter is probably the right alternative.
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Seven of the fifteen largest companies outside China (including Sterling and Wilson, ACS, Acciona and BayWa) were active in several geographical regions.
PV Tech of July 9
