Oil And Gas Epc Market
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PUBLISHED: 2020 ID: SMRC19304
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Oil & Gas EPC - Global Market Outlook (2019-2027)

4.0 (33 reviews)
4.0 (33 reviews)
Published: 2020 ID: SMRC19304

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Oil & Gas EPC Market is accounted for $43.66 billion in 2019 and is expected to reach $75.01 billion by 2027 growing at a CAGR of 7.0% during the forecast period. Increasing per capita income in developing countries and growing population are the major factors propelling the market growth. However, factors such as retention problems and the presence of alternatives are hampering the market growth.

Energy consumption is increasing day-by-day on account of the growing population and power consumption per capita. Although there is an increasing trend of power production from renewable sources, power production from oil and gas dominates the power production. The increasing number of cars positively influences the consumption of petroleum products like petrol, diesel, and CNG. Engineering, procurement, and construction for oil and gas industry play a major role to cater to increasing demand for oil and gas. In the oil and gas industry, the (EPC) is form of a contract agreement. The contractor carries out detailed design and layout, procurement of equipment and material, manufacturing of systems (either by labour or third-party), onsite assembly, and functional testing. EPC contractors deliver an effective asset to the client. Sometimes, the EPC contractors have service and maintenance contracts with the clients.

Based on the application, the onshore segment is going to have a lucrative growth during the forecast period owing to the lesser complexity, lower investment requirement, easier access to sites, and lower risk, compared to the offshore segment. The technical developments in hydraulic fracturing and low breakeven prices have supported the onshore segment, ensuing high demand for EPC companies.

By geography, North America is going to have a lucrative growth during the forecast period due to the increasing number of oil & gas projects in countries such as the United States, Canada, and Mexico. The United States has one of the largest, technically-recoverable shale gas reserves and the second-largest tight oil reserves in the world. The aforementioned factors are contributing to the rising demand for oil & gas EPC services in the region during the forecast period.

Some of the key players profiled in the Oil & Gas EPC Market include Bechtel Corporation, Daewoo Engineering & Construction Co. Ltd, Fluor Corporation, Hyundai Heavy Industries Co. Ltd, Jacobs Engineering Group Inc., John Wood Group PLC, McDermott International Inc, National Petroleum Construction Company, Petrofac Limited, Saipem SpA, Samsung Engineering Co. Ltd, and TechnipFmc PLC.

Sectors Covered:
• Downstream
• Midstream
• Upstream

Service Types Covered:
• Combination
• Construction
• Engineering
• Procurement
• Fabrication 

Products Covered:
• Type I
• Type II

Applications Covered:
• Offshore
• Onshore

End Users Covered:
• Gas Industry
• Oil Industry

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- 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

Table of Contents

1 Executive Summary            
              
2 Preface   
          
 2.1 Abstract            
 2.2 Stake Holders           
 2.3 Research Scope            
 2.4 Research Methodology          
  2.4.1 Data Mining          
  2.4.2 Data Analysis          
  2.4.3 Data Validation          
  2.4.4 Research Approach          
 2.5 Research Sources           
  2.5.1 Primary Research Sources         
  2.5.2 Secondary Research Sources         
  2.5.3 Assumptions          
              
3 Market Trend Analysis           
 3.1 Introduction           
 3.2 Drivers            
 3.3 Restraints           
 3.4 Opportunities           
 3.5 Threats            
 3.6 Product Analysis           
 3.7 Application Analysis          
 3.8 End User Analysis           
 3.9 Emerging Markets           
 3.10 Impact of Covid-19           
              
4 Porters Five Force Analysis           
 4.1 Bargaining power of suppliers          
 4.2 Bargaining power of buyers          
 4.3 Threat of substitutes          
 4.4 Threat of new entrants          
 4.5 Competitive rivalry           
              
5 Global Oil & Gas EPC Market, By Sector           
 5.1 Introduction           
 5.2 Downstream           
 5.3 Midstream           
 5.4 Upstream           
              
6 Global Oil & Gas EPC Market, By Service Type         
 6.1 Introduction           
 6.2 Combination           
 6.3 Construction           
 6.4 Engineering           
 6.5 Procurement           
 6.6 Fabrication           
              
7 Global Oil & Gas EPC Market, By Product          
 7.1 Introduction           
 7.2 Type I            
 7.3 Type II             
              
8 Global Oil & Gas EPC Market, By Application         
 8.1 Introduction           
 8.2 Offshore            
 8.3 Onshore            
              
9 Global Oil & Gas EPC Market, By End User         
 9.1 Introduction            
 9.2 Gas Industry           
 9.3 Oil Industry           
              
10 Global Oil & Gas EPC Market, By Geography         
 10.1 Introduction           
 10.2 North America           
  10.2.1 US           
  10.2.2 Canada           
  10.2.3 Mexico           
 10.3 Europe            
  10.3.1 Germany           
  10.3.2 UK           
  10.3.3 Italy           
  10.3.4 France           
  10.3.5 Spain           
  10.3.6 Rest of Europe          
 10.4 Asia Pacific           
  10.4.1 Japan           
  10.4.2 China           
  10.4.3 India           
  10.4.4 Australia           
  10.4.5 New Zealand          
  10.4.6 South Korea          
  10.4.7 Rest of Asia Pacific          
 10.5 South America           
  10.5.1 Argentina          
  10.5.2 Brazil           
  10.5.3 Chile           
  10.5.4 Rest of South America         
 10.6 Middle East & Africa          
  10.6.1 Saudi Arabia          
  10.6.2 UAE           
  10.6.3 Qatar           
  10.6.4 South Africa          
  10.6.5 Rest of Middle East & Africa         
              
11 Key Developments            
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 11.2 Acquisitions & Mergers          
 11.3 New Product Launch           
 11.4 Expansions           
 11.5 Other Key Strategies          
              
12 Company Profiling            
 12.1 Bechtel Corporation          
 12.2 Daewoo Engineering & Construction Co. Ltd        
 12.3 Fluor Corporation           
 12.4 Hyundai Heavy Industries Co. Ltd         
 12.5 Jacobs Engineering Group Inc.          
 12.6 John Wood Group PLC          
 12.7 McDermott International Inc          
 12.8 National Petroleum Construction Company        
 12.9 Petrofac Limited            
 12.10 Saipem SpA           
 12.11 Samsung Engineering Co. Ltd          
 12.12 TechnipFmc PLC          


List of Tables             
1 Global Oil & Gas EPC Market Outlook, By Region (2018-2027) ($MN)       
2 Global Oil & Gas EPC Market Outlook, By Sector (2018-2027) ($MN)       
3 Global Oil & Gas EPC Market Outlook, By Downstream (2018-2027) ($MN)      
4 Global Oil & Gas EPC Market Outlook, By Midstream (2018-2027) ($MN)       
5 Global Oil & Gas EPC Market Outlook, By Upstream (2018-2027) ($MN)       
6 Global Oil & Gas EPC Market Outlook, By Service Type (2018-2027) ($MN)      
7 Global Oil & Gas EPC Market Outlook, By Combination (2018-2027) ($MN)      
8 Global Oil & Gas EPC Market Outlook, By Construction (2018-2027) ($MN)      
9 Global Oil & Gas EPC Market Outlook, By Engineering (2018-2027) ($MN)       
10 Global Oil & Gas EPC Market Outlook, By Procurement (2018-2027) ($MN)      
11 Global Oil & Gas EPC Market Outlook, By Fabrication (2018-2027) ($MN)       
12 Global Oil & Gas EPC Market Outlook, By Product (2018-2027) ($MN)       
13 Global Oil & Gas EPC Market Outlook, By Type I (2018-2027) ($MN)       
14 Global Oil & Gas EPC Market Outlook, By Type II (2018-2027) ($MN)       
15 Global Oil & Gas EPC Market Outlook, By Application (2018-2027) ($MN)       
16 Global Oil & Gas EPC Market Outlook, By Offshore (2018-2027) ($MN)       
17 Global Oil & Gas EPC Market Outlook, By Onshore (2018-2027) ($MN)       
18 Global Oil & Gas EPC Market Outlook, By End User (2018-2027) ($MN)       
19 Global Oil & Gas EPC Market Outlook, By Gas Industry (2018-2027) ($MN)       
20 Global Oil & Gas EPC Market Outlook, By Oil Industry (2018-2027) ($MN)       
21 North America Oil & Gas EPC Market Outlook, By Country (2018-2027) ($MN)      
22 North America Oil & Gas EPC Market Outlook, By Sector (2018-2027) ($MN)      
23 North America Oil & Gas EPC Market Outlook, By Downstream (2018-2027) ($MN)      
24 North America Oil & Gas EPC Market Outlook, By Midstream (2018-2027) ($MN)      
25 North America Oil & Gas EPC Market Outlook, By Upstream (2018-2027) ($MN)      
26 North America Oil & Gas EPC Market Outlook, By Service Type (2018-2027) ($MN)      
27 North America Oil & Gas EPC Market Outlook, By Combination (2018-2027) ($MN)      
28 North America Oil & Gas EPC Market Outlook, By Construction (2018-2027) ($MN)      
29 North America Oil & Gas EPC Market Outlook, By Engineering (2018-2027) ($MN)      
30 North America Oil & Gas EPC Market Outlook, By Procurement (2018-2027) ($MN)      
31 North America Oil & Gas EPC Market Outlook, By Fabrication (2018-2027) ($MN)      
32 North America Oil & Gas EPC Market Outlook, By Product (2018-2027) ($MN)      
33 North America Oil & Gas EPC Market Outlook, By Type I (2018-2027) ($MN)      
34 North America Oil & Gas EPC Market Outlook, By Type II (2018-2027) ($MN)      
35 North America Oil & Gas EPC Market Outlook, By Application (2018-2027) ($MN)      
36 North America Oil & Gas EPC Market Outlook, By Offshore (2018-2027) ($MN)      
37 North America Oil & Gas EPC Market Outlook, By Onshore (2018-2027) ($MN)      
38 North America Oil & Gas EPC Market Outlook, By End User (2018-2027) ($MN)      
39 North America Oil & Gas EPC Market Outlook, By Gas Industry (2018-2027) ($MN)      
40 North America Oil & Gas EPC Market Outlook, By Oil Industry (2018-2027) ($MN)      
41 Europe Oil & Gas EPC Market Outlook, By Country (2018-2027) ($MN)       
42 Europe Oil & Gas EPC Market Outlook, By Sector (2018-2027) ($MN)        
43 Europe Oil & Gas EPC Market Outlook, By Downstream (2018-2027) ($MN)      
44 Europe Oil & Gas EPC Market Outlook, By Midstream (2018-2027) ($MN)       
45 Europe Oil & Gas EPC Market Outlook, By Upstream (2018-2027) ($MN)       
46 Europe Oil & Gas EPC Market Outlook, By Service Type (2018-2027) ($MN)      
47 Europe Oil & Gas EPC Market Outlook, By Combination (2018-2027) ($MN)      
48 Europe Oil & Gas EPC Market Outlook, By Construction (2018-2027) ($MN)      
49 Europe Oil & Gas EPC Market Outlook, By Engineering (2018-2027) ($MN)      
50 Europe Oil & Gas EPC Market Outlook, By Procurement (2018-2027) ($MN)      
51 Europe Oil & Gas EPC Market Outlook, By Fabrication (2018-2027) ($MN)       
52 Europe Oil & Gas EPC Market Outlook, By Product (2018-2027) ($MN)       
53 Europe Oil & Gas EPC Market Outlook, By Type I (2018-2027) ($MN)       
54 Europe Oil & Gas EPC Market Outlook, By Type II (2018-2027) ($MN)       
55 Europe Oil & Gas EPC Market Outlook, By Application (2018-2027) ($MN)       
56 Europe Oil & Gas EPC Market Outlook, By Offshore (2018-2027) ($MN)       
57 Europe Oil & Gas EPC Market Outlook, By Onshore (2018-2027) ($MN)       
58 Europe Oil & Gas EPC Market Outlook, By End User (2018-2027) ($MN)       
59 Europe Oil & Gas EPC Market Outlook, By Gas Industry (2018-2027) ($MN)      
60 Europe Oil & Gas EPC Market Outlook, By Oil Industry (2018-2027) ($MN)       
61 Asia Pacific Oil & Gas EPC Market Outlook, By Country (2018-2027) ($MN)      
62 Asia Pacific Oil & Gas EPC Market Outlook, By Sector (2018-2027) ($MN)       
63 Asia Pacific Oil & Gas EPC Market Outlook, By Downstream (2018-2027) ($MN)      
64 Asia Pacific Oil & Gas EPC Market Outlook, By Midstream (2018-2027) ($MN)      
65 Asia Pacific Oil & Gas EPC Market Outlook, By Upstream (2018-2027) ($MN)      
66 Asia Pacific Oil & Gas EPC Market Outlook, By Service Type (2018-2027) ($MN)      
67 Asia Pacific Oil & Gas EPC Market Outlook, By Combination (2018-2027) ($MN)      
68 Asia Pacific Oil & Gas EPC Market Outlook, By Construction (2018-2027) ($MN)      
69 Asia Pacific Oil & Gas EPC Market Outlook, By Engineering (2018-2027) ($MN)      
70 Asia Pacific Oil & Gas EPC Market Outlook, By Procurement (2018-2027) ($MN)      
71 Asia Pacific Oil & Gas EPC Market Outlook, By Fabrication (2018-2027) ($MN)      
72 Asia Pacific Oil & Gas EPC Market Outlook, By Product (2018-2027) ($MN)       
73 Asia Pacific Oil & Gas EPC Market Outlook, By Type I (2018-2027) ($MN)       
74 Asia Pacific Oil & Gas EPC Market Outlook, By Type II (2018-2027) ($MN)       
75 Asia Pacific Oil & Gas EPC Market Outlook, By Application (2018-2027) ($MN)      
76 Asia Pacific Oil & Gas EPC Market Outlook, By Offshore (2018-2027) ($MN)      
77 Asia Pacific Oil & Gas EPC Market Outlook, By Onshore (2018-2027) ($MN)      
78 Asia Pacific Oil & Gas EPC Market Outlook, By End User (2018-2027) ($MN)      
79 Asia Pacific Oil & Gas EPC Market Outlook, By Gas Industry (2018-2027) ($MN)      
80 Asia Pacific Oil & Gas EPC Market Outlook, By Oil Industry (2018-2027) ($MN)      
81 South America Oil & Gas EPC Market Outlook, By Country (2018-2027) ($MN)      
82 South America Oil & Gas EPC Market Outlook, By Sector (2018-2027) ($MN)      
83 South America Oil & Gas EPC Market Outlook, By Downstream (2018-2027) ($MN)      
84 South America Oil & Gas EPC Market Outlook, By Midstream (2018-2027) ($MN)      
85 South America Oil & Gas EPC Market Outlook, By Upstream (2018-2027) ($MN)      
86 South America Oil & Gas EPC Market Outlook, By Service Type (2018-2027) ($MN)      
87 South America Oil & Gas EPC Market Outlook, By Combination (2018-2027) ($MN)      
88 South America Oil & Gas EPC Market Outlook, By Construction (2018-2027) ($MN)      
89 South America Oil & Gas EPC Market Outlook, By Engineering (2018-2027) ($MN)      
90 South America Oil & Gas EPC Market Outlook, By Procurement (2018-2027) ($MN)      
91 South America Oil & Gas EPC Market Outlook, By Fabrication (2018-2027) ($MN)      
92 South America Oil & Gas EPC Market Outlook, By Product (2018-2027) ($MN)      
93 South America Oil & Gas EPC Market Outlook, By Type I (2018-2027) ($MN)      
94 South America Oil & Gas EPC Market Outlook, By Type II (2018-2027) ($MN)      
95 South America Oil & Gas EPC Market Outlook, By Application (2018-2027) ($MN)      
96 South America Oil & Gas EPC Market Outlook, By Offshore (2018-2027) ($MN)      
97 South America Oil & Gas EPC Market Outlook, By Onshore (2018-2027) ($MN)      
98 South America Oil & Gas EPC Market Outlook, By End User (2018-2027) ($MN)      
99 South America Oil & Gas EPC Market Outlook, By Gas Industry (2018-2027) ($MN)      
100 South America Oil & Gas EPC Market Outlook, By Oil Industry (2018-2027) ($MN)      
101 Middle East & Africa Oil & Gas EPC Market Outlook, By Country (2018-2027) ($MN)      
102 Middle East & Africa Oil & Gas EPC Market Outlook, By Sector (2018-2027) ($MN)      
103 Middle East & Africa Oil & Gas EPC Market Outlook, By Downstream (2018-2027) ($MN)     
104 Middle East & Africa Oil & Gas EPC Market Outlook, By Midstream (2018-2027) ($MN)     
105 Middle East & Africa Oil & Gas EPC Market Outlook, By Upstream (2018-2027) ($MN)     
106 Middle East & Africa Oil & Gas EPC Market Outlook, By Service Type (2018-2027) ($MN)      
107 Middle East & Africa Oil & Gas EPC Market Outlook, By Combination (2018-2027) ($MN)     
108 Middle East & Africa Oil & Gas EPC Market Outlook, By Construction (2018-2027) ($MN)     
109 Middle East & Africa Oil & Gas EPC Market Outlook, By Engineering (2018-2027) ($MN)     
110 Middle East & Africa Oil & Gas EPC Market Outlook, By Procurement (2018-2027) ($MN)     
111 Middle East & Africa Oil & Gas EPC Market Outlook, By Fabrication (2018-2027) ($MN)     
112 Middle East & Africa Oil & Gas EPC Market Outlook, By Product (2018-2027) ($MN)      
113 Middle East & Africa Oil & Gas EPC Market Outlook, By Type I (2018-2027) ($MN)      
114 Middle East & Africa Oil & Gas EPC Market Outlook, By Type II (2018-2027) ($MN)      
115 Middle East & Africa Oil & Gas EPC Market Outlook, By Application (2018-2027) ($MN)     
116 Middle East & Africa Oil & Gas EPC Market Outlook, By Offshore (2018-2027) ($MN)      
117 Middle East & Africa Oil & Gas EPC Market Outlook, By Onshore (2018-2027) ($MN)       
118 Middle East & Africa Oil & Gas EPC Market Outlook, By End User (2018-2027) ($MN)      
119 Middle East & Africa Oil & Gas EPC Market Outlook, By Gas Industry (2018-2027) ($MN)     
120 Middle East & Africa Oil & Gas EPC Market Outlook, By Oil Industry (2018-2027) ($MN)     

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