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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Oil and Gas EPC Market Size

The global oil and gas EPC industry is expected to grow at a CAGR of about 5% in the forecast period of 2024-2032.

Global Oil and Gas EPC Market

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North America Leading the Oil and Gas EPC Market

North America is one of the leading regional markets with a growing number of oil and gas ventures in both the United States and Canada. The region is likely to see robust growth in the coming years. The United States is among the leading producers of crude oil and natural gas. The United States has one of the biggest, technically recoverable reserves of shale gas, and the second largest tight oil reserves in the world. Technological advances in hydraulic fracturing and low breakeven prices have supported upstream oil and gas operations in the onshore area, leading to robust demand for EPC key players.

Oil and Gas EPC Industry Segmentation

EPC (Engineering, Procurement and Construction) is a contract-based model for the execution of projects. Oil and gas companies also rely on EPC contractors for large-scale and long-term projects requiring professional labour and fine-tuned project management.

Global Oil and Gas EPC Market By Service

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Based on sector, the industry can be divided as follows:

  • Upstream
  • Midstream
  • Downstream

On the basis of service, the market can be segmented into the following:

  • Engineering
  • Procurement
  • Construction
  • Fabrication

Based on location, the market can be divided as follows:

  • Onshore
  • Offshore

The regional markets for oil and gas EPC can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Oil and Gas EPC Market By Region

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Oil and Gas EPC Market Growth

Energy consumption is constantly rising due to the growing population and per capita power consumption. While there is a growing trend in the generation of electricity from renewable sources, the production of oil and gas is dominant in the production of energy. The growth of the industry is majorly being driven by the rising automobile industry. The growing number of cars has a positive effect on the consumption of petroleum products such as petrol, diesel, and CNG. Technological advances and the increased feasibility of deep water and ultra-deep-water projects are expected to fuel market growth. Increased per capita incomes in developed countries and a rising population are the main drivers of demand growth.

Key Industry Players in the Global Oil and Gas EPC Industry

The report gives a detailed analysis of the following key players in the global oil and gas EPC market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Saipem SpA
  • TechnipFMC PLC
  • John Wood Group PLC
  • Bechtel Corporation
  • Fluor Corporation
  • Petrofac Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Sector
  • Service
  • Location
  • Region
Breakup by Sector
  • Upstream
  • Midstream
  • Downstream
Breakup by Service
  • Engineering
  • Procurement 
  • Construction
  • Fabrication
Breakup by Location
  • Onshore
  • Offshore
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Saipem SpA
  • TechnipFMC PLC
  • John Wood Group PLC
  • Bechtel Corporation
  • Fluor Corporation
  • Petrofac Limited
  • Others
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Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

Oil and Gas EPC Market Report Snapshots

Oil and Gas EPC Market Size

Oil and Gas EPC Market Growth

Oil and Gas EPC Companies

*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 market is projected to grow at a CAGR of 5% between 2024 and 2032.

The major drivers of the market are the increasing oil and gas exploration activities, advancements in hydraulic fracturing technology, and the expansion of the automotive sector.

The increasing energy consumption, the rising production of oil and gas, the surging feasibility of deep water and ultra-deep-water projects are the key trends guiding the market growth.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant sectors considered in the market report include upstream, midstream, and downstream.

The major segments based on services considered in the market report are engineering, procurement, construction, and fabrication. 

The various segments on the basis of location considered in the market report are onshore and offshore.

The major players in the market are Saipem SpA, TechnipFMC PLC, John Wood Group PLC, Bechtel Corporation, Fluor Corporation, and Petrofac Limited, among others.

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

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

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124