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
IT Outsourcing Market Size, Share, Trends And Growth Report 2025-2033
Overview IT Outsourcing Market:
The IT Outsourcing Market is rapidly evolving, driven by the need for cost efficiency and access to specialized skills. Companies increasingly outsource IT functions such as application development, infrastructure management, and business process outsourcing to third-party vendors. This trend allows organizations to focus on core competencies while leveraging advanced technologies. Key regions include North America, Europe, and Asia-Pacific, with North America leading due to its robust IT…
Urban EV Shift Drives India Electric Scooter Market to USD 3.0 Billion by 2033, …
India Electric Scooter Market 2025-2033
According to IMARC Group's report titled "India Electric Scooter Market Size, Share, Trends and Forecast by Drive, Battery, Product, Battery Fitting, End Use, and Region, 2025-2033", The report offers a comprehensive analysis of the industry, including India electric scooter market growth, share, trends, and regional insights.
How Big is the India Electric Scooter Industry?
The India electric scooter market size was valued USD 1.3 Billion in 2024. By…
Rising Cyber Threats Push India Cyber Insurance Market to USD 6,907.8 Million by …
India Cyber Insurance Market 2025-2033
According to IMARC Group's report titled "India Cyber Insurance Market Size, Share, Trends and Forecast by Component, Insurance Type, Organization Size, End Use Industry, and Region, 2025-2033", The report offers a comprehensive analysis of the industry, including India cyber insurance market forecast, share, growth and regional insights.
Market Size & Future Growth Potential:
The cyber insurance market in india was valued USD 582.2 Million in 2024. By 2033,…
Human Resource (HR) Technology Market Size, Share, Trends and Forecast 2025-2033
Human Resource Technology Market Overview:
The human resource (HR) technology market is witnessing significant growth, driven by increasing digital transformation across organizations and the rising need for automation in workforce management. HR technology solutions, including talent acquisition platforms, payroll systems, performance management software, employee engagement tools, and learning & development platforms, are becoming integral to modern businesses. Cloud adoption, AI-powered analytics, and the shift toward remote and hybrid work models have…
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…
Oil And Gas Epc Market Is Driven By Oil And Gas Epc In Various Industries, Need …
The Oil and Gas Engineering, Procurement, and Construction (EPC) market represent an integral sector within the energy industry, encompassing the design, procurement, and construction phases of oil and gas projects. This market segment plays a pivotal role in facilitating the development of energy infrastructure, including refineries, pipelines, offshore platforms, and petrochemical plants. As the global energy landscape evolves, the Oil and Gas EPC market faces a myriad of challenges and…
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…
