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Report Overview
The global EPC (Engineering, Procurement, and Construction) market reached a value of approximately USD 837.78 Billion in 2024. The market is projected to grow at a CAGR of 3.20% between 2025 and 2034, reaching a valuation of around USD 1147.96 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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According to OFNS, in Greater Britain, new orders for construction surged by 15.9% in Quarter 1 2024 versus Quarter 4 2023.
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According to U.S. BLS, the number of establishments in private buildings was 293,411 in the 3rd quarter of 2023.
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According to EPC (engineering, procurement, and construction) market analysis, in March 2024, the total investment in building construction was USD 20.4 billion.
Leading Companies in the EPC (Engineering, Procurement, and Construction) Market
The companies in the EPC (engineering, procurement, and construction) market are a provider of services including oil and gas, infrastructure, construction, aviation, transportation, and others.
Fluor Corporation, established in 1912 in Texas, operates worldwide through subsidiaries, providing infrastructure, oil and gas, and power services, ranking among industry leaders.
Larsen & Toubro Limited, established in 1938 and presently based in Maharashtra, India, goes beyond conventional engineering and construction. Its diverse portfolio includes technology, manufacturing, hydraulics, shipbuilding, valves, and construction and mining equipment.
Saipem SpA, established in 1957 in Italy, excels in energy and infrastructure project engineering, operating through five core business lines: asset-based services, energy carriers, offshore wind, sustainable infrastructures, and robotics.
Mitsubishi Heavy Industries, Ltd., headquartered in Chiyoda-ku, Tokyo, offers various products including energy, aviation, space, transportation, automotive, environment, and others.
Other global EPC (engineering, procurement, and construction) market key players are John Wood Group plc, McDermott International Ltd., Bechtel Corporation, DEPCOM Power, Inc., Petrofac Limited, Blue Ridge Power, Blattner Energy Inc., Quanta Services, Inc., The Shaw Group Inc., Sentry Electrical Group, Inc., and Sinopec Engineering (Group) Co., Ltd., among others.
EPC (Engineering, Procurement, and Construction) Market Report Snapshots
EPC (Engineering, Procurement, and Construction) Market Size
EPC (Engineering, Procurement, and Construction) Market Share
EPC (Engineering, Procurement, and Construction) Market Growth
EPC (Engineering, Procurement, and Construction) Market Trends
EPC (Engineering, Procurement, and Construction) Market Regional Analysis
EPC (Engineering, Procurement, and Construction) Manufacturers
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The EPC (engineering, procurement, and construction) market was valued at USD 837.78 Billion in 2024.
The market is projected to grow at a CAGR of 3.20% between 2025 and 2034.
The revenue generated from the EPC (engineering, procurement, and construction) market is expected to reach USD 1147.96 Billion in 2034.
The market is categorised according to the type, which includes engineering, procurement, and construction.
The market key players are Fluor Corporation, Larsen & Toubro Limited, Saipem SpA, Mitsubishi Heavy Industries, Ltd., John Wood Group plc, McDermott International Ltd., Bechtel Corporation, DEPCOM Power, Inc., Petrofac Limited, Blue Ridge Power, Blattner Energy Inc., Quanta Services, Inc., The Shaw Group Inc., Sentry Electrical Group, Inc., and Sinopec Engineering (Group) Co., Ltd., among others.
Based on the application, the market is divided into chemicals, power, oil and gas, manufacturing, it and telecom, roads, railways, and bridges, airports, and ports, building construction, and others.
The market is broken down into North America, Europe, Asia Pacific, Latin America Middle East, and Africa.
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