Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

EPC (Engineering, Procurement, and Construction) Market Regional Analysis

The Europe region is the powerhouse behind the global EPC market's growth. This is due to their booming economies with rapid urbanisation and industrialisation, requiring extensive infrastructure development.

 

CAGR 2024-2032 - Market by Country
India 6.8%
China 4.0%
Saudi Arabia 3.6%
Canada 3.0%
USA 2.6%
UK XX%
Germany XX%
France XX%
Italy XX%
Japan 2.5%
Australia XX%
Brazil XX%
Mexico XX%

 

According to Eurostat, in July 2023, compared to June 2023, the seasonally adjusted production in the construction sector increased by 0.8% in the euro area and by 0.7% in the EU.

 

Additionally, being the world's largest energy consumer, APAC constantly needs new power plants and refineries, all projects that rely on EPC services. Government support for infrastructure and renewable energy further fuels the market's growth in this region.

 

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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