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Report Overview
The global EPC (engineering, procurement, and construction) market size was valued at USD 864.59 Billion in 2025. The industry is expected to grow at a CAGR of 3.20% during the forecast period of 2026-2035 to reach a valuation of USD 1184.70 Billion by 2035.
The global EPC (engineering, procurement, and construction) market plays a central role in delivering large-scale infrastructure and industrial projects across sectors like energy, utilities, transportation, and manufacturing. Its integrated project delivery model—which combines design, material procurement, and construction under a single contract—makes it a preferred choice for complex projects where cost control, schedule certainty, and accountability are critical.
The market is closely aligned with broader economic and industrial trends, particularly in emerging economies where urban expansion and industrialisation are accelerating infrastructure development. In India, for instance, the government has identified significant investment opportunities in various regions, such as Uttar Pradesh, where approximately ₹50,000 crore is expected to be invested. This includes the development of industrial corridors and urban infrastructure projects in cities like Aligarh, Agra, Jhansi, Chitrakut, Kanpur, and Lucknow.
Government-led investments in transport networks, renewable energy, and public utilities are a key growth catalyst, especially in regions like Asia-Pacific, the Middle East, and North Africa. For example, in February 2023, the U.S. Infrastructure Investment and Jobs Act allocated USD 1.2 trillion toward rebuilding roads, bridges, and energy grids, boosting EPC opportunities. Rising energy projects, including renewable energy installations, are also pushing EPC firms to innovate and expand capabilities. Additionally, global trends toward industrial automation and smart infrastructure require specialised EPC services that can handle complex engineering challenges and regulatory compliance.
Chemical production trends in 2023 and 2024 had a notable impact on the Engineering, Procurement, and Construction (EPC) market, given their close linkage. BASF SE reported a global chemical production increase of just 0.3% in 2023, indicating a slow recovery. By 2024, growth picked up to 2.7%, with China—the largest chemical producer—posting a 4.0% rise. The American Chemistry Council (ACC) echoed similar figures, noting global growth of 0.3% in 2023 and a stronger 3.4% gain in 2024. This rebound in chemical output helped drive activity and demand across EPC operations during the same period.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
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According to OFNS, in Greater Britain, new orders for construction surged by 15.9% in Quarter 1 2024 versus Quarter 4 2023.
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According to U.S. BLS, the number of establishments in private buildings was 293,411 in the 3rd quarter of 2023.
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According to EPC (engineering, procurement, and construction) market analysis, in March 2024, the total investment in building construction was USD 20.4 billion.
Competitive Landscape
Key players in the global EPC (engineering, procurement, and construction) market are investing heavily in digital technologies to enhance project management, improve efficiency, and reduce costs. They are expanding their service offerings to include sustainable and green construction solutions, aligning with global environmental goals. Strategic partnerships and joint ventures help these companies access new markets and share expertise, especially in complex infrastructure and energy projects.
These firms are also focusing on risk management and supply chain resilience to navigate geopolitical and economic uncertainties. Emphasising innovation, they adopt automation, modular construction, and advanced analytics to accelerate project delivery and improve quality, maintaining competitiveness in a rapidly evolving market.
Fluor Corporation
Fluor Corporation, headquartered in Texas, United States, is a global EPC firm specialising in engineering, procurement, construction, and maintenance services. It serves industries such as energy, infrastructure, and government. Fluor is known for managing complex projects worldwide, combining technical expertise with innovation to deliver efficient, safe, and sustainable solutions.
Larsen & Toubro Limited
Larsen & Toubro Limited, based in Mumbai, India, is a leading multinational EPC company with diverse operations in construction, engineering, and manufacturing. It serves sectors including infrastructure, power, and heavy engineering. Renowned for large-scale projects, L&T integrates technology and sustainable practices to drive growth in India and international markets.
Saipem SpA
Saipem SpA is an Italian EPC company headquartered in San Donato Milanese, Italy. It specialises in engineering and construction services for the oil, gas, and energy industries worldwide. Saipem focuses on offshore and onshore projects, emphasising innovation, safety, and environmental responsibility to meet evolving industry demands.
Mitsubishi Heavy Industries, Ltd.
Mitsubishi Heavy Industries, Ltd., headquartered in Tokyo, Japan, is a diversified EPC and engineering company. It operates in sectors such as energy, aerospace, and transportation. Known for technological innovation, MHI delivers complex infrastructure and industrial projects globally, with a strong focus on sustainability and advanced engineering solutions.
Other global EPC (engineering, procurement, and construction) market key players are John Wood Group plc, McDermott International Ltd., Bechtel Corporation, DEPCOM Power, Inc., Petrofac Limited, Blue Ridge Power, Blattner Energy Inc., Quanta Services, Inc., The Shaw Group Inc., Sentry Electrical Group, Inc., and Sinopec Engineering (Group) Co., Ltd., among others.
EPC (Engineering, Procurement, and Construction) Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The EPC (engineering, procurement, and construction) market was valued at USD 864.59 Billion in 2025.
The market is projected to grow at a CAGR of 3.20% between 2026 and 2035.
The revenue generated from the EPC (engineering, procurement, and construction) market is expected to reach USD 1184.70 Billion in 2035.
The market is categorised according to the type, which includes engineering, procurement, and construction.
The market key players are Fluor Corporation, Larsen & Toubro Limited, Saipem SpA, Mitsubishi Heavy Industries, Ltd., John Wood Group plc, McDermott International Ltd., Bechtel Corporation, DEPCOM Power, Inc., Petrofac Limited, Blue Ridge Power, Blattner Energy Inc., Quanta Services, Inc., The Shaw Group Inc., Sentry Electrical Group, Inc., and Sinopec Engineering (Group) Co., Ltd., among others.
Based on the application, the market is divided into chemicals, power, oil and gas, manufacturing, it and telecom, roads, railways, and bridges, airports, and ports, building construction, and others.
The market is broken down into North America, Europe, Asia Pacific, Latin America Middle East, and Africa.
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