Press release
Oil & Gas EPC Market Size to Grow Worth US$ 62.34 Billion at a CAGR of 5.40% for 2022-2027
Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/oil-gas-epc-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Oil and gas, engineering, procurement, and construction (EPC) refer to a project-based model that delivers resources to complete infrastructure activities for the oil and gas industry. It offers various services, including detailed layout, fabrication, construction, procurement of materials, and equipment production. It also provides services for long-term and large-scale projects that require skilled professional labor and fine-tuned project management. As they provide enhanced performance, cost-effectiveness, and an effective communication medium, oil and gas EPC services are gaining traction across the globe.
Oil & Gas EPC Market Trends and Drivers:
The market is primarily driven by the e xpansion of the oil and gas industry across the globe. In addition to this, the implementation of several favorable government initiatives to promote oil and gas projects and generate electricity from renewable resources is anticipated to propel market growth.
Besides this, various EPC companies are using advanced technologies, such as artificial intelligence (AI) and the internet of things (IoT)-based maintenance and monitoring systems, to manage the overall project execution.
This, coupled with the escalating demand for petroleum products, such as petrol, diesel and CNG, is positively influencing the market growth.
Inquire Before Buying : https://www.imarcgroup.com/request?type=report&id=4997&flag=F
Global Oil & Gas EPC Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some Major Oil & Gas EPC Companies:
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.
The report has segmented the market on the basis of region, sector, service type and location.
Breakup by Sector:
• Upstream
• Midstream
• Downstream
Breakup by Service Type:
• Engineering
• Procurement
• Construction
• Fabrication
Breakup by Location:
• Onshore
• Offshore
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/oil-gas-epc-market
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Other Research Report of IMARC Group:
Commercial Boiler Market Report 2022-2027: https://www.digitaljournal.com/pr/commercial-boiler-market-size-2022-27-analysis-report-share-trends-growth-and-forecast
Horizontal Directional Drilling Market Report 2022-2027: https://www.digitaljournal.com/pr/horizontal-directional-drilling-market-size-2022-share-growth-report-and-industry-forecast-to-2027
Oil Country Tubular Goods (OCTG) Market Report 2022-2027: https://www.einpresswire.com/article/570059634/oil-country-tubular-goods-octg-market-is-expected-to-be-worth-us-31-85-billion-by-2027-cagr-of-6-70-imarc-group
Oil Country Tubular Goods Market Report 2022-2027: https://www.einpresswire.com/article/570059634/oil-country-tubular-goods-octg-market-is-expected-to-be-worth-us-31-85-billion-by-2027-cagr-of-6-70-imarc-group
Forklift Battery Market Report 2022-2027: https://www.digitaljournal.com/pr/forklift-battery-market-size-worth-us-6-21-billion-by-2022-2027-exclusive-research-report-by-the-imarc-group
Contact Us:
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Oil & Gas EPC Market Size to Grow Worth US$ 62.34 Billion at a CAGR of 5.40% for 2022-2027 here
News-ID: 2748381 • Views: …
More Releases from IMARC Group
Electric Bus Manufacturing Plant Setup Cost 2025: Feasibility and Profitability …
Setting up an electric bus manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Electric Bus Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing an electric bus…
Global School Furniture Market Thrives Amid Rising Demand for Modern and Ergonom …
School Furniture Market Overview
The global school furniture market is steadily expanding, driven by the establishment of new educational institutions, the growing need for ergonomic and student-focused designs, and the increasing use of online platforms for procuring educational equipment. In 2024, the market stood at USD 5.2 billion and is expected to reach USD 8.6 billion by 2033, registering a compound annual growth rate (CAGR) of 5.47% from 2025 to 2033.
Additionally,…
Global Game-Based Learning Market Surges as EdTech Innovation Transforms Educati …
Game-Based Learning Market Overview
The global game-based learning market is experiencing remarkable growth, driven by the rising demand for interactive, engaging, and immersive educational experiences. In 2024, the market reached a valuation of USD 21.3 billion and is projected to hit USD 80.0 billion by 2033, expanding at a CAGR of 15.05%. Factors such as increasing smartphone penetration, a shift toward personalized learning, and the integration of immersive technologies across schools,…
Rock Wool Insulation Manufacturing Plant Setup Cost 2025: Layout and Raw Materia …
Setting up a Rock wool insulation manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Rock Wool Insulation Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a…
More Releases for EPC
Key Trend Reshaping the Solar EPC Market in 2025: Jingoli Power Spearheads Solar …
"What Are the Projections for the Size and Growth Rate of the Solar EPC Market?
The solar EPC market has grown strongly in recent years. It will increase from $232.58 billion in 2024 to $248.35 billion in 2025, at a CAGR of 6.8%. This growth is driven by government incentives and subsidies, declining costs of solar technology, environmental sustainability awareness, energy independence goals, and rising energy demand.
The solar EPC market is…
Global Power Plant EPC Market - Forecasts to 2027
According to a new market research report published by Global Market Estimates, the Global Power Plant EPC Market is projected to grow at a CAGR value of 22.5% from 2022 to 2027. The global power plant EPC market will be driven heavily mainly due to rising industrialization and urbanization, growing demand for electricity from the highly populated countries, increasing need for effective solutions that will help in increasing the efficiency…
Underground Cabling EPC Market
Report Summary:
The report titled “Underground Cabling EPC Market” offers a primary overview of the Underground Cabling EPC industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global Underground Cabling EPC market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the Underground Cabling EPC industry.
Historical Forecast Period
2013 – 2017 – Historical Year for…
What’s driving the solar EPC market analysis?
Solar EPC market across the APAC region has gained impetus owing to positive government reforms and growing renewable fund allocation. Favorable self-consumption schemes, regulatory support programs, investment subsidies, renewable incorporation targets and similar regulatory initiatives have substantially energized the industry dynamics. Ongoing economic expansion across emerging nations coupled with rising energy demand across developing power markets have further nurtured the business landscape.
Request for a sample of this research report @…
Unleashing Upcoming EPC Opportunities in India 2017
ReportsWorldwide has announced the addition of a new report title Unleashing Upcoming EPC Opportunities in India 2017 to its growing collection of premium market research reports.
As country, shifts its portfolio from thermal to renewable in terms of capacity generation , the transcend also observed in terms of investment in the thermal and renewable space respectively. With India, completely witnessing drying up of orders from private project developers ,…
Renewable Energy Industry Adopts Firmex for EPC
Wind, solar and biodiesel energy developers are increasingly using Firmex virtual data room technology to share confidential engineering, procurement and construction documents.
Most renewable energy analysts predict the clean-tech sector will grow in worldwide revenue from $116 billion to $325 billion over the next decade, making it the largest single industrial sector in the world. Globally, clean energy investments have increased 230 percent since 2005, according to research conducted by…
