Top 10 EPC (Engineering, Procurement, and Construction) Companies Driving Global Bridge & Road Development

The global EPC (engineering, procurement, and construction) market reached a value of about USD 837.78 billion in 2024. The market is projected to grow at a CAGR of 3.20% in the forecast period of 2025-2034 to reach around USD 1,112.4 billion by 2034. As per the analysis by Expert Market Research, the market is expected to be driven by the rising investments by various governments towards infrastructure development projects.

EPC, short for engineering, procurement, and construction, represents a prevalent contract approach in the construction realm, commonly embraced by both project owners and contractors. Typically employed in large-scale infrastructure projects, particularly in the private sector, EPC contracts encompass the entire project lifecycle, from initial engineering design to procurement of construction materials and final project completion. Within the oil and gas industry, EPC contracts are pivotal, managed by specialised contractors ensuring project completion within stipulated timelines. These contracts entail intricate planning, design, and execution of cutting-edge systems for exploration endeavours, drilling platforms, storage facilities, and natural gas processing plants. Additionally, they contribute to optimising material handling processes, thereby enhancing operational efficiency and cost-effectiveness.

Government investments in bridge and road development projects are driving EPC (engineering, procurement, and construction) market growth. These projects demand specialised engineering expertise due to their intricate designs and necessitate specific machinery and equipment.

The global demand for engineering, procurement, and construction services is on the rise, driven by the growing development of power generating facilities and increasing energy consumption. This trend is expected to continue as energy consumption is projected to increase in the foreseeable future, driving the expansion of energy production facilities. 

In October 2023, NTPC and MSPGCL issued invitations for engineering, procurement, and construction (EPC) bids totalling 900 MW of solar power projects. NTPC Green Energy Ltd tendered 300 MW projects, allowing nationwide locations. Maharashtra State Power Generation Co. Ltd invited bids for 600 MW projects in Maharashtra. EPC packages include land acquisition, design, installation, and maintenance. Both projects are open for solar cell and module usage from any source. MSPGCL's projects include power evacuation systems and three years of maintenance support. The bids were tendered under renewable energy bundling schemes.

Latest Updates on Top EPC Companies Worldwide | Industry Insights

In March 2025, Galaxy Surfactants Limited announced a strategic alliance with a global client to provide Engineering, Procurement, and Construction (EPC) services for a new manufacturing facility specializing in performance surfactants and specialty ingredients. This collaboration aims to enhance Galaxy's project execution capabilities and strengthen its global presence. Following the announcement, the company's shares rose by 5%, reflecting positive investor sentiment.

In January 2025, Larsen & Toubro (L&T) was chosen as the EPC contractor for a gigascale solar project in Abu Dhabi. The project aligns with the UAE’s clean energy goals, boosting renewable energy capacity. L&T will oversee engineering, procurement, and construction, further solidifying its position in the sustainable energy sector.

In January 2024, Gensol Engineering secured an EPC project worth ₹1,061.97 crore to develop a 275MW solar PV project in the Rann of Kutch, Gujarat. This project aligns with India's renewable energy goals, enhancing solar power capacity. Gensol will handle design, engineering, procurement, and construction, reinforcing its position in the solar EPC sector.

In June 2023, Aramco and TotalEnergies awarded EPC contracts for the $11 billion Amiral project at the SATORP refinery in Saudi Arabia. The expansion aims to enhance petrochemical output, integrating refining and chemicals production. This strategic investment supports Saudi Arabia’s Vision 2030 by boosting industrial growth and economic diversification.

Top 10 EPC (Engineering, Procurement, and Construction) Companies Worldwide | Leading Engineering Firms

1. Mitsubishi Heavy Industries, Ltd.

Mitsubishi Heavy Industries (MHI) is a leading player in the global engineering and manufacturing sector, with expertise across diverse industries including aerospace, energy, and transportation. The company is renowned for producing high-tech, innovative solutions such as power plants, air conditioning systems, and defence equipment. MHI operates at the forefront of technology, pioneering sustainable energy solutions, and designing cutting-edge machinery used in various sectors. The company’s influence spans across the globe, with a focus on reducing environmental impacts through the development of clean technologies. It plays a vital role in the modernisation of industries, providing complex solutions to clients around the world. MHI’s commitment to innovation, combined with its engineering expertise, allows it to meet the challenges of a rapidly changing industrial landscape. The company continues to make strides in areas such as green energy, aiming to create more sustainable solutions for future generations.

2. McDermott International Ltd.

McDermott International Ltd. is a global leader in engineering, procurement, construction, and installation (EPCI) services, primarily serving the energy sector. The company has extensive experience in offshore and onshore projects, with a focus on the oil, gas, petrochemical, and renewable energy industries. McDermott delivers complex, large-scale projects across the world, providing complete solutions from project concept through to execution. The company has built a reputation for its technical expertise and ability to tackle the most challenging projects, offering services that span design, fabrication, installation, and commissioning. McDermott is committed to safety, operational excellence, and sustainability, ensuring that its projects are executed to the highest standards while reducing environmental impact. As a trusted partner to many of the world’s largest energy producers, McDermott continues to play a significant role in shaping the energy industry’s future.

3. Fluor Corporation

Fluor Corporation is a multinational engineering and construction company that delivers innovative, high-performance solutions to a broad range of industries, including energy, chemicals, and infrastructure. With a strong emphasis on sustainability and safety, Fluor has become a trusted partner for large-scale projects worldwide. The company provides comprehensive services across the project lifecycle, from front-end engineering design to project management and ongoing maintenance. Fluor’s portfolio includes complex oil and gas projects, as well as significant contributions to renewable energy development, such as wind and solar power facilities. Known for its commitment to excellence, Fluor focuses on developing technologies and solutions that address the challenges of a rapidly evolving global market. Its capabilities in managing large projects, combined with its global footprint, ensure that Fluor remains a key player in the engineering and construction sectors.

4. Bechtel Corporation

Bechtel Corporation is one of the world’s most influential engineering, procurement, and construction (EPC) companies, renowned for its ability to execute complex, large-scale infrastructure projects across a wide variety of industries. Specialising in energy, transportation, and industrial sectors, Bechtel’s expertise spans across civil engineering, petrochemical, nuclear, and aerospace projects. The company is committed to delivering projects that enhance the global economy while prioritising safety, quality, and sustainability. Bechtel’s track record includes some of the world’s most iconic and challenging infrastructure projects, from bridges and tunnels to energy plants and airports. With a global workforce and operations in over 50 countries, Bechtel continues to innovate and lead the construction industry, delivering projects on time and within budget, with a strong focus on minimising environmental impact.

5. SAIPEM SpA

Saipem S.p.A. is a global engineering and construction company, specialising in the oil, gas, and energy sectors. With vast experience in complex projects, Saipem delivers a range of services, including the design, construction, and maintenance of energy infrastructure. The company operates both offshore and onshore, working on projects such as pipelines, platforms, and refineries. Saipem is recognised for its technical expertise and innovative solutions, focusing on cutting-edge technologies in energy efficiency and environmental sustainability. The company’s global reach allows it to provide its services across various continents, executing major projects for leading energy companies. Saipem also places a strong emphasis on health, safety, and sustainability, ensuring that projects are completed to the highest standards while minimising environmental impact.

6. DEPCOM Power, Inc.

DEPCOM Power, Inc. is a leading provider of renewable energy services, focusing on the design, construction, and operation of utility-scale solar power projects. The company has built a strong reputation for delivering cost-effective and innovative solar energy solutions, with a focus on large-scale solar farms across North America. DEPCOM offers comprehensive services, from initial development and engineering to the operation and maintenance of solar energy systems. The company is committed to advancing the clean energy transition, delivering projects that reduce carbon emissions and promote sustainable energy production. DEPCOM’s expertise in solar power technology and its track record of successful project completions make it a key player in the renewable energy sector, contributing to the global shift towards more sustainable energy sources.

7. Petrofac Limited

Petrofac Limited is a leading oilfield services company, providing integrated services to the oil and gas industry. The company specialises in engineering, procurement, construction, and maintenance (EPCM) services, supporting clients in both the onshore and offshore energy sectors. Petrofac’s expertise spans across upstream, midstream, and downstream oil and gas projects, offering solutions that cover the entire lifecycle of energy production. With a commitment to safety, sustainability, and operational excellence, Petrofac delivers high-quality services that ensure the efficient and reliable operation of energy infrastructure. The company has a proven track record of managing complex projects in challenging environments, positioning itself as a trusted partner to the world’s leading oil and gas companies.

8. Blue Ridge Power

Blue Ridge Power is a renewable energy company specialising in large-scale solar power projects across North America. With a focus on the development, construction, and operation of utility-scale solar installations, Blue Ridge Power is playing a key role in the transition to cleaner energy sources. The company offers a full range of services, including project design, procurement, and long-term operation and maintenance. Known for its commitment to quality and innovation, Blue Ridge Power delivers solar energy projects that contribute to reducing carbon footprints and enhancing the sustainability of the energy grid. The company’s expertise in solar power technology and its ability to manage large, complex projects have established it as a leading player in the renewable energy sector.

9. Blattner Energy Inc.

Blattner Energy Inc. is a major player in the renewable energy sector, with a focus on the construction of wind and solar energy projects. The company provides comprehensive services for large-scale renewable energy installations, including engineering, procurement, and construction (EPC) solutions. Blattner Energy has a strong reputation for successfully delivering complex projects on time and within budget, and its expertise spans the full lifecycle of renewable energy projects. As the demand for clean energy grows, Blattner is expanding its capabilities and continuing to be a key player in driving the transition to a more sustainable energy future. Its commitment to safety, quality, and environmental stewardship ensures that every project meets the highest standards.

10. John Wood Group PLC

John Wood Group PLC is a leading global engineering services company that provides support to the energy and industrial sectors. The company offers a broad range of services, including engineering, procurement, construction, and maintenance, primarily focusing on the oil, gas, and renewable energy markets. Wood’s expertise spans upstream, midstream, and downstream energy projects, offering technical solutions that enhance the efficiency and safety of energy production. The company is dedicated to supporting the energy transition by providing sustainable and innovative solutions. Wood’s commitment to reducing its environmental footprint and delivering high-quality services makes it a trusted partner for energy producers and infrastructure developers worldwide.

11. Quanta Services, Inc.

Quanta Services, Inc. is a leading provider of specialised contracting services to the electric power, telecommunications, and energy sectors. The company’s services include construction, maintenance, and infrastructure solutions for utilities, pipelines, and power grids. Quanta is known for its expertise in delivering large-scale projects, including the construction of electric transmission lines, substations, and renewable energy installations. With a focus on safety, quality, and sustainability, Quanta Services supports the development of resilient and reliable infrastructure that powers communities and industries worldwide. The company’s comprehensive capabilities and strong track record make it a key player in the energy and telecommunications sectors.

12. The Shaw Group Inc.

The Shaw Group Inc. was an American engineering, construction, and technology services company that specialised in providing solutions to the energy, chemicals, and environmental sectors. Shaw offered a wide range of services, including project design, construction, and maintenance, particularly for power plants, refineries, and chemical facilities. The company was also known for its expertise in environmental remediation and waste management services. Shaw played a key role in delivering large-scale energy infrastructure projects, focusing on safety, quality, and environmental responsibility. In 2013, Shaw was acquired by Chicago Bridge & Iron Company (CB&I), expanding CB&I’s capabilities in the energy and industrial markets.

13. Sentry Electrical Group, Inc.

Sentry Electrical Group, Inc. is a provider of electrical and energy infrastructure solutions, focusing on the installation and maintenance of electrical systems for commercial and industrial projects. The company is known for its expertise in high-voltage electrical services, offering solutions that ensure the reliable delivery of electricity across a wide range of sectors, including manufacturing, utilities, and energy production. Sentry Electrical Group is committed to safety and quality, with a focus on delivering cost-effective, innovative solutions that meet the unique needs of each client. The company’s dedication to excellence and its technical expertise have made it a trusted partner for electrical infrastructure projects across various industries.

14. Larsen & Toubro Limited

Larsen & Toubro Limited (L&T) is an Indian multinational conglomerate that operates in the fields of engineering, construction, manufacturing, technology, and financial services. The company is known for its leadership in infrastructure development and industrial manufacturing, delivering large-scale projects across sectors such as energy, transportation, defence, and information technology. L&T’s engineering and construction division is one of the largest in India, providing end-to-end solutions for both private and public sector clients. With a focus on innovation, sustainability, and quality, L&T continues to be a major contributor to India’s economic growth, while also expanding its global presence.

15. Sinopec Engineering (Group) Co., Ltd.

Sinopec Engineering (Group) Co., Ltd. is a Chinese multinational engineering and construction company that specialises in providing integrated services to the energy and petrochemical industries. The company offers services in engineering design, procurement, construction, and project management, focusing on large-scale projects in the oil and gas, chemical, and energy sectors. Sinopec Engineering is known for its expertise in designing and constructing energy infrastructure, including refineries, petrochemical plants, and pipelines. The company’s commitment to safety, efficiency, and sustainability ensures the successful delivery of projects that support the global energy industry’s growth and development.