The United States power EPC market size reached USD 28.59 Billion in 2024. The market is expected to grow at a CAGR of 5.10% between 2025 and 2034, reaching almost USD 47.02 Billion by 2034.
Lockdown measures implemented by the US government in response to the COVID-19 pandemic temporarily reduced electricity demand in commercial and industrial sectors in the first quarter of 2020. Despite this, the United States power EPC market is poised for growth driven by increasing power generation capacity and government support for electricity infrastructure development.
The US Department of Energy's (DOE) "Building a Better Grid Initiative," launched in January 2022, aims to accelerate the nationwide deployment of new and upgraded high-capacity electric transmission lines. The US boasts a substantial power generation capacity, with over 1 million megawatts connected to 600,000 miles of transmission lines. Recent investments in grid modernisation have made the system smarter and more resilient, further propelling the US power EPC market forward.
Investments in wind and solar energy reached USD 55 billion in 2020, with planned deployments of 7.6 GW of wind and 21.5 GW of solar in 2022, according to the Energy Information Administration (EIA). Government funding supports various transmission projects to enhance the nation's grid infrastructure.
The US Power EPC market encompasses diverse projects, including thermal power plants, renewable energy installations, and transmission networks. EPC contractors oversee the entire project lifecycle, from design to commissioning.
Factors driving the US power EPC market include increasing energy demands due to population growth and industrialisation, government initiatives promoting renewable energy, technological advancements, supportive policies, the need to modernise ageing infrastructure, and environmental concerns about reducing carbon emissions while driving the United States power EPC market development.
Lockdown measures implemented by the US government in response to the COVID-19 pandemic temporarily reduced electricity demand in commercial and industrial sectors in the first quarter of 2020. Despite this, the United States power EPC market is poised for growth driven by increasing power generation capacity and government support for electricity infrastructure development.
The US Department of Energy's (DOE) "Building a Better Grid Initiative," launched in January 2022, aims to accelerate the nationwide deployment of new and upgraded high-capacity electric transmission lines. The US boasts a substantial power generation capacity, with over 1 million megawatts connected to 600,000 miles of transmission lines. Recent investments in grid modernisation have made the system smarter and more resilient, further propelling the US power EPC market forward.
Investments in wind and solar energy reached USD 55 billion in 2020, with planned deployments of 7.6 GW of wind and 21.5 GW of solar in 2022, according to the Energy Information Administration (EIA). Government funding supports various transmission projects to enhance the nation's grid infrastructure.
The US Power EPC market encompasses diverse projects, including thermal power plants, renewable energy installations, and transmission networks. EPC contractors oversee the entire project lifecycle, from design to commissioning.
Factors driving the US power EPC market include increasing energy demands due to population growth and industrialisation, government initiatives promoting renewable energy, technological advancements, supportive policies, the need to modernise ageing infrastructure, and environmental concerns about reducing carbon emissions while driving the United States power EPC market development.
Market Segmentation
United States Power EPC Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:Market Breakup by Type:
- Thermal
- Oil and Gas
- Renewable
- Nuclear
- Others
Market Breakup by Region:
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountain
- Far West
Competitive Landscape
Key players in the power EPC market in the United States through technological innovations and increasing investments offer products and services to support the end users.- Bechtel Corporation
- Mitsubishi Heavy Industries, Ltd.
- DEPCOM Power, Inc.
- McDermott International Ltd.
- Fluor Corporation
- Blue Ridge Power
- Quanta Services, Inc.
- The Shaw Group Inc.
- Sentry Electrical Group, Inc.
- Blattner Energy Inc.
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 North America Power EPC Market Overview
6 United States Power EPC Market Analysis
7 United States Power EPC Market by Type
8 United States Power EPC Market by Region
9 Market Dynamics
10 Competitive Landscape
Companies Mentioned
- Bechtel Corporation
- Mitsubishi Heavy Industries, Ltd.
- DEPCOM Power, Inc.
- McDermott International Ltd.
- Fluor Corporation
- Blue Ridge Power
- Quanta Services, Inc.
- The Shaw Group Inc.
- Sentry Electrical Group, Inc.
- Blattner Energy Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 125 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 28.59 Billion |
| Forecasted Market Value ( USD | $ 47.02 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | United States |
| No. of Companies Mentioned | 10 |
