Oil And Gas Epc Market
Oil & Gas Engineering, Procurement and Construction (EPC) - Global Market Outlook (2019-2027)
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)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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