Reports
Global Oil and Gas EPC Market: By Sector: Upstreamm, Midstream, Downstream; By Service: Engineering, Procurement, Construction, Fabrication; By Location: Onshore, Offshore; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Oil and Gas EPC Market Outlook
The global oil and gas EPC industry is expected to grow at a CAGR of about 5% in the forecast period of 2023-2028.
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North America Leading the Oil and Gas EPC Market
North America is one of the leading regional markets with a growing number of oil and gas ventures in both the United States and Canada. The region is likely to see robust growth in the coming years. The United States is among the leading producers of crude oil and natural gas. The United States has one of the biggest, technically recoverable reserves of shale gas, and the second largest tight oil reserves in the world. Technological advances in hydraulic fracturing and low breakeven prices have supported upstream oil and gas operations in the onshore area, leading to robust demand for EPC key players.
Oil and Gas EPC: Market Segmentation
EPC (Engineering, Procurement and Construction) is a contract-based model for the execution of projects. Oil and gas companies also rely on EPC contractors for large-scale and long-term projects requiring professional labour and fine-tuned project management.
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Based on sector, the industry can be divided as follows:
- Upstream
- Midstream
- Downstream
On the basis of service, the market can be segmented into the following:
- Engineering
- Procurement
- Construction
- Fabrication
Based on location, the market can be divided as follows:
- Onshore
- Offshore
The regional markets for oil and gas EPC can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Energy Consumption Bolstering the Market Growth
Energy consumption is constantly rising due to the growing population and per capita power consumption. While there is a growing trend in the generation of electricity from renewable sources, the production of oil and gas is dominant in the production of energy. The growth of the industry is majorly being driven by the rising automobile industry. The growing number of cars has a positive effect on the consumption of petroleum products such as petrol, diesel, and CNG. Technological advances and the increased feasibility of deep water and ultra-deep-water projects are expected to fuel market growth. Increased per capita incomes in developed countries and a rising population are the main drivers of demand growth.
Key Industry Players in the Global Oil and Gas EPC Market
The report gives a detailed analysis of the following key players in the global oil and gas EPC market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Saipem SpA
- TechnipFMC PLC
- John Wood Group PLC
- Bechtel Corporation
- Fluor Corporation
- Petrofac Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Sector, Service, Location, Region |
| Breakup by Sector | Upstream, Midstream, Downstream |
| Breakup by Service | Engineering, Procurement, Construction, Fabrication |
| Breakup by Location | Onshore, Offshore |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Saipem SpA, TechnipFMC PLC, John Wood Group PLC, Bechtel Corporation, Fluor Corporation, Petrofac Limited, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Oil and Gas EPC Market Analysis
8.1 Key Industry Highlights
8.2 Global Oil and Gas EPC Historical Market (2018-2022)
8.3 Global Oil and Gas EPC Market Forecast (2023-2028)
8.4 Global Oil and Gas EPC Market by Sector
8.4.1 Upstream
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Midstream
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Downstream
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Oil and Gas EPC Market by Service
8.5.1 Engineering
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Procurement
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Construction
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Fabrication
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.6 Global Oil and Gas EPC Market by Location
8.6.1 Onshore
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Offshore
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Oil and Gas EPC Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Oil and Gas EPC Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Oil and Gas EPC Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Oil and Gas EPC Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Oil and Gas EPC Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Oil and Gas EPC Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Saipem SpA
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 TechnipFMC PLC
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 John Wood Group PLC
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Bechtel Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Fluor Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Petrofac Limited
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Oil and Gas EPC Market: Key Industry Highlights, 2018 and 2028
2. Global Oil and Gas EPC Historical Market: Breakup by Sector (USD Billion), 2018-2022
3. Global Oil and Gas EPC Market Forecast: Breakup by Sector (USD Billion), 2023-2028
4. Global Oil and Gas EPC Historical Market: Breakup by Service (USD Billion), 2018-2022
5. Global Oil and Gas EPC Market Forecast: Breakup by Service (USD Billion), 2023-2028
6. Global Oil and Gas EPC Historical Market: Breakup by Location (USD Billion), 2018-2022
7. Global Oil and Gas EPC Market Forecast: Breakup by Location (USD Billion), 2023-2028
8. Global Oil and Gas EPC Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Oil and Gas EPC Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Oil and Gas EPC Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Oil and Gas EPC Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Oil and Gas EPC Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Oil and Gas EPC Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Oil and Gas EPC Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Oil and Gas EPC Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Oil and Gas EPC Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Oil and Gas EPC Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Oil and Gas EPC Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Oil and Gas EPC Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Oil and Gas EPC Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5% between 2023 and 2028.
The major industry drivers include the growing population, rising automobile industry, and increased per capita incomes in developed countries and a rising population.
The key industry trends pushing market growth are technological advances and the increased feasibility of deep water and ultra-deep-water projects.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.
The significant sectors of the industry include upstream, midstream, and downstream.
The major services of the industry include engineering, procurement, construction, and fabrication.
The leading location types of oil and gas EPC are onshore and offshore.
The major players in the industry are Saipem SpA, TechnipFMC PLC, John Wood Group PLC, Bechtel Corporation, Fluor Corporation, and Petrofac Limited, among others.
Analyst Review
The global oil and gas EPC market, driven by the rising automobile industry and increased per capita incomes in developed countries and a rising population. Aided by the technological advances and the increased feasibility of deep water and ultra-deep-water projects. the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The significant sectors of the industry include upstream, midstream, and downstream. The major services of the industry include engineering, procurement, construction, and fabrication. The leading location types of oil and gas EPC are onshore and offshore. The major regional markets for oil and gas EPC are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include Saipem SpA, TechnipFMC PLC, John Wood Group PLC, Bechtel Corporation, Fluor Corporation and Petrofac Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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