Summary

Oil and Gas EPC Market Size, Share, and Analysis, By Service Type (Engineering, Procurement, Fabrication, and Construction), By End User (Upstream, Midstream, and Downstream), By Application (Onshore and Offshore), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW
Oil and Gas EPC Market is projected to grow at a CAGR of 5.9% in the forecast period (2024-2034), with the market size valued at USD 50.2 billion in 2023 and expected to reach USD 94.8 billion by 2034.
Oil and Gas EPC, or engineering, procurement, and construction, is a comprehensive method to manage projects within the oil & gas sector, which includes project inception to completion. It consists of three key phases i.e., engineering, procurement, and construction. During the engineering phase, detailed designs for facilities and systems are developed, whereas procurement involves sourcing materials and services necessary for the project. Construction comprises the physical realization of the infrastructure according to the engineering designs. In addition, EPC contractors supervise the entire project, along with ensuring safety standards and monetary limitations. Besides, oil and gas EPC projects cover a broad spectrum, ranging from production facility creation to refineries and distribution networks. As a result, due to their complexity and capital-intensive nature, these projects demand expertise in engineering, project management, logistics, and risk management to achieve desired outcomes.

MARKET HIGHLIGHTS
Oil and Gas EPC Market is anticipated to reach USD 94.8 billion, growing at a CAGR of 5.9% during the forecast period, owing to a notable rise in the energy demand, encouraging a search for efficient and affordable solutions. Innovations in technology, such as digitalization and artificial intelligence, are transforming the way projects are executed and mitigating operational risks. In addition, there's a high focus on sustainability, which further urges the adoption of cleaner technologies. However, the market encounters multiple challenges such as oil price volatility, geopolitical instabilities, and regulatory intricacies. Despite these challenges, the oil and gas EPC market is forecasted for growth due to the changing dynamics within the industry and the pursuit of innovation and efficiency.

Oil and Gas EPC Market Segments:

• By Service Type
o Engineering
o Procurement
o Fabrication
o Construction
• By End User
o Upstream
o Midstream
o Downstream
• By Application
o Onshore
o Offshore

MARKET DYNAMICS
Growth Drivers
Rise in Hydrocarbon Demand to Accelerate Market Growth and Development
Development in Natural Gas to Promote the Growth of Oil and Gas EPC Market
Restraint
Oil and Gas Prices to be the Major Concerns Obstructing the Market Growth

Key Players
• Fluor Corporation
• Petrofac Limited
• Bechtel Corporation
• Saipem S.p.A.
• McDermott International, Inc.
• Hyundai Engineering & Construction Co., Ltd.
• KBR, Inc.
• TechnipFMC PLC
• Wood PLC
• WorleyParsons Limited
• SNC-Lavalin Group Inc.
• Larsen & Toubro Limited
• National Petroleum Construction Company (NPCC)
• Chiyoda Corporation
• China Petroleum Engineering & Construction Corporation (CPECC)
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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Table of Contents

1.Executive Summary
1.1. Regional Market Share
1.2.Business Trends
1.3. Oil and Gas EPC Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1.Market Definition
3.2.Oil and Gas EPC Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.Oil and Gas EPC Market – Industry Insights
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.Risk Analysis
9. Market Analysis
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.Oil and Gas EPC Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Oil and Gas EPC Market Size & Forecast 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Service Type
11.3.1.1. Engineering
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Procurement
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Fabrication
11.3.1.3.1. By Value (USD Million) 2024-2034F
11.3.1.3.2.Market Share (%) 2024-2034F
11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.4.Construction
11.3.1.4.1. By Value (USD Million) 2024-2034F
11.3.1.4.2.Market Share (%) 2024-2034F
11.3.1.4.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By End User
11.3.2.1.Upstream
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Midstream
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Downstream
11.3.2.3.1.By Value (USD Million) 2024-2034F
11.3.2.3.2. Market Share (%) 2024-2034F
11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Application
11.3.3.1.Onshore
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Offshore
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
12.North America Oil and Gas EPC Market Size & Forecast 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Service Type
12.3.2. By End user
12.3.3. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13.Europe Oil and Gas EPC Market Size & Forecast 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Service Type
13.3.2. By End user
13.3.3. By Application
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.Asia-Pacific Oil and Gas EPC Market Size & Forecast 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1. By Service Type
14.3.2. By End user
14.3.3. By Application
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.Middle East and Africa Oil and Gas EPC Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Service Type
15.3.2. By End user
15.3.3. By Application
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Oil and Gas EPC Market Size & Forecast 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Service Type
16.3.2. By End user
16.3.3. By Application
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. Fluor Corporation
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Petrofac Limited
18.3. Bechtel Corporation
18.4. Saipem S.p.A.
18.5. McDermott International, Inc.
18.6. Hyundai Engineering & Construction Co., Ltd.
18.7. KBR, Inc.
18.8. TechnipFMC PLC
18.9. Wood PLC
18.10. WorleyParsons Limited
18.11.SNC-Lavalin Group Inc.
18.12. Larsen & Toubro Limited
18.13. National Petroleum Construction Company (NPCC)
18.14. Chiyoda Corporation
18.15. China Petroleum Engineering & Construction Corporation (CPECC)
18.16. Other Prominent Players
19. Appendix
20.Consultant Recommendation