Press release
Oil and Gas EPC Market Surges Ahead: Projected to Achieve Robust 7.1% CAGR by 2031 | Top key players - Continental AG, Denso Corporation, Schrader Electronics.
Oil and Gas EPC Market
The Oil and Gas EPC Market is expected to grow at a CAGR of 7.1% during the forecast period 2024-2031. The Market is growing due to rising energy demand, increasing upstream exploration activities, and large-scale investments in refining and infrastructure modernization projects. According to DataM Intelligence
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The Oil and Gas EPC (Engineering, Procurement, and Construction) Market involves companies providing end-to-end project services, including design, material procurement, construction, and commissioning of oil and gas infrastructure such as refineries, pipelines, and offshore platforms. It ensures cost-effective project execution, safety compliance, and timely delivery, supporting the global energy sector's exploration and production activities.
United States: Industry Recent Developments
✅ July 2025: The U.S. Oil and Gas EPC market benefits from technological advancements and increased exports of hydrocarbon gas liquids, particularly from the Federal Offshore Gulf of America, where oil and natural gas production accounted for 15% of the total crude oil production in 2022. This drives adoption of advanced floating platforms and construction technologies.
✅ August 2025: The U.S. Engineering, Procurement, and Construction (EPC) market was valued at USD 24.185 billion in 2024 and is projected to grow at a 3.1% CAGR, driven by energy sector investments, infrastructure development, and a transition to renewable energy. Leading companies are leveraging technological innovations for market growth.
✅ September 2025: The U.S. EPC market continues to expand with investments in the energy sector and rapid infrastructure development fueling demand for EPC services, with many firms integrating renewable energy projects and advanced construction technologies to optimize project execution.
Japan: Industry Recent Developments
✅ July 2025: Japan's Oil and Gas EPC market is seeing increased investments in infrastructure development and a pivot towards cleaner energy sources like LNG terminals and renewable integration. Regulatory initiatives focus on sustainability and emissions reduction reshaping project execution.
✅ August 2025: There is increasing diversification in Japan's EPC applications, with growth in upstream exploration, midstream pipelines and storage, and downstream refinery optimization. Digital technologies, AI, and automation are being integrated to enhance operations and comply with environmental policies.
✅ September 2025: Japan's government policies promote energy security and sustainable growth, fostering investments in domestic oil and gas exploration as well as renewable energy projects. Regulatory reforms encourage technological innovation and competitiveness within the EPC market
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Major Key Players:
Continental AG
Denso Corporation
Pacific Industrial Co., Ltd.
Schrader Electronics
Alligator Ventilfabrik GmbH
PressurePro
Alps Electric Co., Ltd.
Bendix Commercial Vehicle Systems LLC
Doran Manufacturing LLC
Takata Corporation.
Market Growth Drivers:
Rise in LNG Trade: Increasing consumption and trade of liquefied natural gas (LNG), supported by its cost-effectiveness and growing awareness, are driving EPC activities in the sector. LNG trade expansion offers significant revenue growth opportunities for EPC companies.
Expansion in Petrochemical Production and Commercialization: Rapid growth in the petrochemical industry, including development of new facilities and upgrades of existing ones, increases demand for EPC services related to designing, procurement, and construction.
Increasing Global Energy Demand and Infrastructure Development: Growing industrial activities, urbanization, and infrastructure projects worldwide, especially in developing regions, are boosting exploration and production activities in oil and gas, thereby driving the EPC market growth.
Segments Covered in the Oil and Gas EPC Market:
By Service Type: Engineering, Procurement, Construction, Combination.
By End-User: Upstream, Midstream, Downstream.
By Application: Onshore, Offshore.
Regional Analysis for Oil and Gas EPC Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Chapter Outline:
⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Oil and Gas EPC market segments, study objectives, and years considered.
⏩ Market Landscape: The competition in the Global Oil and Gas EPC Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.
⏩ Companies Profiles: The global Oil and Gas EPC market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.
⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.
⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Oil and Gas EPC Market.
⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
⏩ Research Findings: This section of the report showcases the findings and analysis of the report.
⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
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Frequently asked questions:
➠ What is the global sales value, production value, consumption value, import and export of Oil and Gas EPC market?
➠ Who are the global key manufacturers of the Oil and Gas EPC Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
➠ What are the Oil and Gas EPC market opportunities and threats faced by the vendors in the global Oil and Gas EPC Industry?
➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➠ What focused approach and constraints are holding the Oil and Gas EPC market?
➠ What are the different sales, marketing, and distribution channels in the global industry?
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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