Market Overview:
The global oil & gas EPC market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Oil and gas, engineering, procurement, and construction (EPC) is a contract-based model that delivers a package of resources to complete infrastructure projects. The contractor carries out designing and detailed layout, onsite assembly, functional testing, procurement of equipment material, and manufacturing of systems. Oil and gas sectors rely on EPC contractors for long-term and large-scale projects that require skilled professional labor and fine-tuned project management. EPC contractors specialize in designing plans for aboveground storage tanks, power generation environmental controls, natural gas processing facilities, industrial power distribution, and material handling. It offers enhanced performance, flexibility, cost-effectiveness, and a single point of responsibility. EPC establishes a communication channel that allows the owners to manage all the relationships and infrastructure projects.
Oil & Gas EPC Market Trends:
The significant expansion in the oil and gas industry across the globe is one of the key factors driving the market growth. EPC is widely adopted for designing and project execution, such as building storage systems, drilling platforms, and advanced systems for exploration. In line with this, the rising power consumption, increasing population, and initiatives undertaken by the governments to generate electricity from renewable resources are favoring the market growth. Moreover, various technological advancements, such as the integration of the Internet of Things (IoT) for EPC contractors, are providing an impetus to the market growth. Additionally, the increasing demand for oil and gas EPC in the upstream sector as it offers fewer complexities, more accessibility to sites, lower investment requirement, and lower risk is positively impacting the market growth. Apart from this, the rapidly expanding automotive industry, the growing consumption of petroleum products, such as petrol, diesel, and CNG, and the implementation of various government initiatives to promote the oil and gas projects are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global oil & gas EPC market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on sector, service type and location.
Breakup by Sector:
- Upstream
- Midstream
- Downstream
Breakup by Service Type:
- Engineering
- Procurement
- Construction
- Fabrication
Breakup by Location:
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bechtel Corporation, Fluor Corporation, Hyundai Heavy Industries Co. Ltd., John Wood Group PLC, KBR Inc., Larsen & Toubro Limited, McDermott International Ltd., National Petroleum Construction Company, Petrofac Limited, Saipem S.p.A. (Eni S.p.A.), Samsung Engineering Co. Ltd., TechnipFMC plc, Técnicas Reunidas S. A. and WorleyParsons Limited.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Sector, Service Type, Location, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Bechtel Corporation, Fluor Corporation, Hyundai Heavy Industries Co. Ltd., John Wood Group PLC, KBR Inc., Larsen & Toubro Limited, McDermott International Ltd., National Petroleum Construction Company, Petrofac Limited, Saipem S.p.A. (Eni S.p.A.), Samsung Engineering Co. Ltd., TechnipFMC plc, Técnicas Reunidas S. A. and WorleyParsons Limited. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global oil & gas EPC market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global oil & gas EPC market?
- What are the key regional markets?
- What is the breakup of the market based on the sector?
- What is the breakup of the market based on the service type?
- What is the breakup of the market based on the location?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global oil & gas EPC market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Oil & Gas EPC Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Sector
6.1 Upstream
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Midstream
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Downstream
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Service Type
7.1 Engineering
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Procurement
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Construction
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Fabrication
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Location
8.1 Onshore
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Offshore
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Bechtel Corporation
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Fluor Corporation
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Hyundai Heavy Industries Co. Ltd.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 John Wood Group PLC
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 KBR Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Larsen & Toubro Limited
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 McDermott International Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 National Petroleum Construction Company
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Petrofac Limited
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Saipem S.p.A. (Eni S.p.A.)
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Samsung Engineering Co. Ltd.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 TechnipFMC plc
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 Técnicas Reunidas S. A.
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
14.3.14 WorleyParsons Limited
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.14.3 Financials
14.3.14.4 SWOT Analysis
List of Figures
Figure 1: Global: Oil & Gas EPC Market: Major Drivers and Challenges
Figure 2: Global: Oil & Gas EPC Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Oil & Gas EPC Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Oil & Gas EPC Market: Breakup by Sector (in %), 2021
Figure 5: Global: Oil & Gas EPC Market: Breakup by Service Type (in %), 2021
Figure 6: Global: Oil & Gas EPC Market: Breakup by Location (in %), 2021
Figure 7: Global: Oil & Gas EPC Market: Breakup by Region (in %), 2021
Figure 8: Global: Oil & Gas EPC (Upstream) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Oil & Gas EPC (Upstream) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Oil & Gas EPC (Midstream) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Oil & Gas EPC (Midstream) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Oil & Gas EPC (Downstream) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Oil & Gas EPC (Downstream) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Oil & Gas EPC (Engineering) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Oil & Gas EPC (Engineering) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Oil & Gas EPC (Procurement) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Oil & Gas EPC (Procurement) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Oil & Gas EPC (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Oil & Gas EPC (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Oil & Gas EPC (Fabrication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Oil & Gas EPC (Fabrication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Oil & Gas EPC (Onshore) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Oil & Gas EPC (Onshore) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Oil & Gas EPC (Offshore) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Oil & Gas EPC (Offshore) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Oil & Gas EPC Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Oil & Gas EPC Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: Oil & Gas EPC Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Global: Oil & Gas EPC Industry: SWOT Analysis
Figure 76: Global: Oil & Gas EPC Industry: Value Chain Analysis
Figure 77: Global: Oil & Gas EPC Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Oil & Gas EPC Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Oil & Gas EPC Market Forecast: Breakup by Sector (in Million US$), 2022-2027
Table 3: Global: Oil & Gas EPC Market Forecast: Breakup by Service Type (in Million US$), 2022-2027
Table 4: Global: Oil & Gas EPC Market Forecast: Breakup by Location (in Million US$), 2022-2027
Table 5: Global: Oil & Gas EPC Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Oil & Gas EPC Market: Competitive Structure
Table 7: Global: Oil & Gas EPC Market: Key Players