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Global EPC (Engineering, Procurement, and Construction) Market: By Type: Engineering, Procurement, Construction; By Application: Chemicals, Power, Oil and Gas, Manufacturing, IT and Telecom, Roads, Railways, and Bridges, Airports and Ports, Building Construction, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global EPC (Engineering, Procurement, and Construction) Market Analysis
8.1 Key Industry Highlights
8.2 Global EPC (Engineering, Procurement, and Construction) Historical Market (2018-2023)
8.3 Global EPC (Engineering, Procurement, and Construction) Market Forecast (2024-2032)
8.4 Global EPC (Engineering, Procurement, and Construction) Market by Type
8.4.1 Engineering
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Procurement
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Construction
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global EPC (Engineering, Procurement, and Construction) Market by Application
8.5.1 Chemicals
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Power
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Oil and Gas
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Manufacturing
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 IT and Telecom
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Roads, Railways, and Bridges
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Airports and Ports
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.5.8 Building Construction
8.5.8.1 Historical Trend (2018-2023)
8.5.8.2 Forecast Trend (2024-2032)
8.5.9 Others
8.6 Global EPC (Engineering, Procurement, and Construction) Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.1.3 Breakup by Type
8.6.1.4 Breakup by Application
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.2.3 Breakup by Type
8.6.2.4 Breakup by Application
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.3.3 Breakup by Type
8.6.3.4 Breakup by Application
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.4.3 Breakup by Type
8.6.4.4 Breakup by Application
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.5.3 Breakup by Type
8.6.5.4 Breakup by Application
9 North America EPC (Engineering, Procurement, and Construction) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe EPC (Engineering, Procurement, and Construction) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific EPC (Engineering, Procurement, and Construction) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America EPC (Engineering, Procurement, and Construction) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa EPC (Engineering, Procurement, and Construction) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Mitsubishi Heavy Industries, Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 McDermott International Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Fluor Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Bechtel Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Saipem S.p.A.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 DEPCOM Power, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Petrofac Limited
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Blue Ridge Power
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Blattner Energy Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 John Wood Group PLC
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Quanta Services, Inc.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 The Shaw Group Inc.
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Sentry Electrical Group, Inc.
15.2.13.1 Company Overview
15.2.13.2 Product Portfolio
15.2.13.3 Demographic Reach and Achievements
15.2.13.4 Certifications
15.2.14 Larsen & Toubro Limited
15.2.14.1 Company Overview
15.2.14.2 Product Portfolio
15.2.14.3 Demographic Reach and Achievements
15.2.14.4 Certifications
15.2.15 Sinopec Engineering (Group) Co., Ltd.
15.2.15.1 Company Overview
15.2.15.2 Product Portfolio
15.2.15.3 Demographic Reach and Achievements
15.2.15.4 Certifications
15.2.16 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global EPC (Engineering, Procurement, and Construction) Market: Key Industry Highlights, 2018 and 2032
2. Global EPC (Engineering, Procurement, and Construction) Historical Market: Breakup by Type (USD Trillion), 2018-2023
3. Global EPC (Engineering, Procurement, and Construction) Market Forecast: Breakup by Type Media (USD Trillion), 2024-2032
4. Global EPC (Engineering, Procurement, and Construction) Historical Market: Breakup by Application Type (USD Trillion), 2018-2023
5. Global EPC (Engineering, Procurement, and Construction) Market Forecast: Breakup by Application (USD Trillion), 2024-2032
6. Global EPC (Engineering, Procurement, and Construction) Historical Market: Breakup by Region (USD Trillion), 2018-2023
7. Global EPC (Engineering, Procurement, and Construction) Market Forecast: Breakup by Region (USD Trillion), 2024-2032
8. North America EPC (Engineering, Procurement, and Construction) Historical Market: Breakup by Country (USD Trillion), 2018-2023
9. North America EPC (Engineering, Procurement, and Construction) Market Forecast: Breakup by Country (USD Trillion), 2024-2032
10. Europe EPC (Engineering, Procurement, and Construction) Historical Market: Breakup by Country (USD Trillion), 2018-2023
11. Europe EPC (Engineering, Procurement, and Construction) Market Forecast: Breakup by Country (USD Trillion), 2024-2032
12. Asia Pacific EPC (Engineering, Procurement, and Construction) Historical Market: Breakup by Country (USD Trillion), 2018-2023
13. Asia Pacific EPC (Engineering, Procurement, and Construction) Market Forecast: Breakup by Country (USD Trillion), 2024-2032
14. Latin America EPC (Engineering, Procurement, and Construction) Historical Market: Breakup by Country (USD Trillion), 2018-2023
15. Latin America EPC (Engineering, Procurement, and Construction) Market Forecast: Breakup by Country (USD Trillion), 2024-2032
16. Middle East and Africa EPC (Engineering, Procurement, and Construction) Historical Market: Breakup by Country (USD Trillion), 2018-2023
17. Middle East and Africa EPC (Engineering, Procurement, and Construction) Market Forecast: Breakup by Country (USD Trillion), 2024-2032
18. Global EPC (Engineering, Procurement, and Construction) Market Structure
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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