Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global EPC (Engineering, Procurement, and Construction) Market Size

The global EPC (Engineering, Procurement, and Construction) market reached a value of approximately USD 837.78 billion in 2023. The market is projected to grow at a CAGR of 3.20% between 2024 and 2032, reaching a valuation of around USD 1,112.4 billion by 2032.

 

Global EPC (Engineering, Procurement, and Construction) Market Report Summary Description Value
Base Year USD Billion 2023
Historical period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 837.8
Market Size 2032 USD Billion 1,112.4
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 3.2%
CAGR 2024-2032 - Market by Region Asia Pacific 4.1%
CAGR 2024-2032 - Market by Country India 6.8%
CAGR 2024-2032 - Market by Country Saudi Arabia 3.6%
CAGR 2024-2032 - Market by Type Construction 3.6%
CAGR 2024-2032 - Market by Drive Type Power 3.3%
Market Share by Country 2023 Italy 2.7%

 

EPC (Engineering, Procurement, and Construction) Market Outlook

  • 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 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 1,112.4 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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