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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

  • According to OFNS, in Greater Britain, new orders for construction surged by 15.9% in Quarter 1 2024 versus Quarter 4 2023.

  • According to U.S. BLS, the number of establishments in private buildings was 293,411 in the 3rd quarter of 2023.

  • According to EPC (engineering, procurement, and construction) market analysis, in March 2024, the total investment in building construction was USD 20.4 billion.

EPC (Engineering, Procurement, and Construction) Market Share

Engineering Segment To Gain Traction By Tailoring EPC Solutions To Meet Each Project's Unique Needs

Engineering professionals assess and mitigate risks throughout the project lifecycle, identifying potential hazards, developing contingency plans, and implementing risk mitigation strategies. Engineers are critical in designing and planning EPC projects to maximise efficiency and optimise resource utilisation.

 

Effective procurement strategies optimise the supply chain by sourcing materials, equipment, and services from reliable suppliers at competitive prices. This ensures timely delivery of quality resources, minimises project delays and enhances overall project efficiency, pushing the demand of the EPC (engineering, procurement, and construction) industry.

 

Market Share by Country
Italy 3%
USA XX%
Canada XX%
UK XX%
Germany XX%
France XX%
China XX%
Japan XX%
India XX%
Australia XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

 

Building Construction Contributes To The Market Share Through Technological Innovations

The growing demand for residential, commercial, and industrial infrastructure worldwide fuels the need for EPC services. Governments and private sector entities invest in construction projects such as highways, bridges, airports, and urban development, driving the demand for EPC services, aiding the EPC (engineering, procurement, and construction) market.

 

Oil and gas companies invest in exploration and production projects to find new reserves and extract hydrocarbons. EPC firms help by designing, engineering, procuring, and constructing infrastructure like drilling rigs, production platforms, pipelines, and processing facilities needed for these activities.

 

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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