Oil and Gas Engineering, Procurement and Construction (EPC) - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Oil and Gas Engineering, Procurement and Construction (EPC) Market is accounted for $41.71 billion in 2018 and is expected to reach $76.68 billion by 2027 growing at a CAGR of 7.0% during the forecast period. Some of the key factors propelling the market growth are rising demand for LNG infrastructure and decrease in operating cost of oil & gas fields. However, rising adoption of alternate transportation modes for oil and gas is the restraining factor for the growth of the market.
Oil and Gas Engineering, Procurement and Construction (EPC) is a form of contract agreement by which contractors deliver an operational asset to their clients alongwith service and maintenance contracts.
By sector, the upstream segment is expected to grow at a significant market share during the forecast period as it requires less capital investment and is less complex. On the basis of geography, North America is anticipated to hold considerable market share during the forecast period due to the existence of a large number of market players in the region as the major economies of this region are leading producers of crude oil and gas.
Some of the key players in Oil and Gas Engineering, Procurement and Construction (EPC) Market include L&T Hydrocarbon Engineering, Bechtel Corporation, WorleyParsons Limited, TechnipFMC Plc, John Wood Group PLC, Mott MacDonald, Galfar Engineering, Lamprell, National Petroleum Construction Company, Fluor Corporation, SNC-Lavalin Group, Saipem SpA, Contracting SAOG, Petrofac Limited, and KBR Inc.
Service Types Covered:
• Type I
• Type II
End Users Covered:
• Gas Industry
• Oil Industry
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.