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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Oil and Gas EPC Market Report Snapshots
*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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124