Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

EPC (Engineering, Procurement, and Construction) Market Growth

The growth in the EPC (engineering, procurement, and construction) sector is rising due to the adoption of sophisticated project management software, including AI-driven analytics and real-time monitoring systems, optimising resource allocation, scheduling, and risk management.

 

Investments in transportation, utilities, and smart city projects drive demand of EPC (engineering, procurement, and construction) market to upgrade ageing infrastructure, enhance resilience, and incorporate digital technologies for efficient operation and maintenance. According to ABS, in March 2024, the total construction work done was USD 64,032.5m and the engineering work done was USD 30,717.4m.

 

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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Outline the Scope

Key Questions Answered in the Report

The EPC (engineering, procurement, and construction) market was valued at USD 837.78 billion in 2023.

The market is projected to grow at a CAGR of 3.20% between 2024 and 2032.

The revenue generated from the EPC (engineering, procurement, and construction) market is expected to reach USD 1,112.4 billion in 2032.

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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C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

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+63-287-899-028, +63-967-048-3306

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