The North America power EPC market size was valued at USD 145.73 Billion in 2024. The market is further projected to grow at a CAGR of 3.60% between 2025 and 2034, reaching a value of USD 207.56 Billion by 2034.
The demand forrenewable energyis increasing in North America, driven by the need to reduce carbon emissions and address climate change. This trend is expected to drive the North America power EPC market growth, as companies are investing in renewable energy projects such as wind and solar farms. ABB secured orders over USD 150 million for the Hornsea Project Two, a 1,400 MW project in the North Sea, will provide clean electricity for over 1.3 million homes annually, supporting the UK's renewable energy goals.
The existing power infrastructure in North America is ageing, and there is a need to modernise it to ensure reliable and efficient power supply. In the power EPC market, companies are investing in upgrading and expanding the existing power infrastructure.
The transmission and distribution networks are critical components of the power infrastructure, and there is a growing need to invest in these networks to ensure reliable and efficient power supply. Companies, such as Siemens AG has been involved in several transmission and distribution network projects in North America, including investment of USD 150 million in February 2024 to address the national shortage of power transformers across the U.S. This investment will increase domestic U.S. transformer production, enabling the reliable transmission of electricity over long distances and helping stabilise electrical transmission across regions.
As per North America power EPC market analysis, digital solutions such as advanced analytics,artificial intelligence, and machine learning are becoming increasingly important in the power EPC market. These solutions can help improve the efficiency and reliability of power generation and distribution and reduce costs. Companies are investing in digital solutions to improve their operations. Sterling and Wilson Private Limited has developed an AI-based predictive maintenance solution for power generation and distribution, which can help reduce downtime and maintenance costs.
The demand forrenewable energyis increasing in North America, driven by the need to reduce carbon emissions and address climate change. This trend is expected to drive the North America power EPC market growth, as companies are investing in renewable energy projects such as wind and solar farms. ABB secured orders over USD 150 million for the Hornsea Project Two, a 1,400 MW project in the North Sea, will provide clean electricity for over 1.3 million homes annually, supporting the UK's renewable energy goals.
The existing power infrastructure in North America is ageing, and there is a need to modernise it to ensure reliable and efficient power supply. In the power EPC market, companies are investing in upgrading and expanding the existing power infrastructure.
The transmission and distribution networks are critical components of the power infrastructure, and there is a growing need to invest in these networks to ensure reliable and efficient power supply. Companies, such as Siemens AG has been involved in several transmission and distribution network projects in North America, including investment of USD 150 million in February 2024 to address the national shortage of power transformers across the U.S. This investment will increase domestic U.S. transformer production, enabling the reliable transmission of electricity over long distances and helping stabilise electrical transmission across regions.
As per North America power EPC market analysis, digital solutions such as advanced analytics,artificial intelligence, and machine learning are becoming increasingly important in the power EPC market. These solutions can help improve the efficiency and reliability of power generation and distribution and reduce costs. Companies are investing in digital solutions to improve their operations. Sterling and Wilson Private Limited has developed an AI-based predictive maintenance solution for power generation and distribution, which can help reduce downtime and maintenance costs.
Market Segmentation
North America Power EPC Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segmentsMarket Breakup by Type
- Thermal
- Oil and Gas
- Renewable
- Nuclear
- Others
Market Breakup by Region
- United States of America
- Canada
Competitive Landscape
Market players are actively involved in expanding their market reach through strategic agreements and offerings of additional services like energy storage integration and O&M solutions.- Mitsubishi Heavy Industries, Ltd.
- McDermott International Ltd.
- Fluor Corporation
- Bechtel Corporation
- DEPCOM Power, Inc.
- Blue Ridge Power
- Blattner Energy Inc.
- Quanta Services, Inc.
- The Shaw Group Inc.
- Sentry Electrical Group, Inc.
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Power EPC Market Overview
6 North America Power EPC Market Overview
7 North America Power EPC Market by Type
8 North America Power EPC Market by Country
9 Market Dynamics
10 Competitive Landscape
Companies Mentioned
- Mitsubishi Heavy Industries, Ltd.
- McDermott International Ltd.
- Fluor Corporation
- Bechtel Corporation
- DEPCOM Power, Inc.
- Blue Ridge Power
- Blattner Energy Inc.
- Quanta Services, Inc.
- The Shaw Group Inc.
- Sentry Electrical Group, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 123 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 145.73 Billion |
| Forecasted Market Value ( USD | $ 207.56 Billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | North America |
| No. of Companies Mentioned | 10 |
