While the current trends offer many opportunities to the EPC players, on the flipside EPC companies have to address many challenges while executing large scale projects from inflated bidding process to backlogs and lack of skilled labor. Moreover, the entire risk of loss is bared by the contractor which is discouraging entry of small local players into the market.
Like in other Oil & Gas related sectors North America is leading global EPC market with USA being the dominant player in this region because of shale boom and increasing exploration and production activities in Gulf of Mexico. Driven by economies of India and China Asia Pacific has one of the highest growth rate and market share in Oil & Gas EPC. Oil rich Middle East and North Africa also has a significant share geographically.
This report comprehensively analyzes the Oil & Gas EPC market by segmenting it based on geography and end user (upstream, midstream and downstream). Key drivers and restraints that are effecting the growth of this market were discussed in detail. The study also elucidates on competitive landscape and key market players.
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2. Research Methodology
3. Markets Covered
4. Market Overview
4.2 Market Demand to 2020
4.3 Recent Developments in Oil & Gas EPC Industry
4.4 Investment and Opportunities
5. Drivers, Constraints and Opportunites
5.1.1 Increase in Demand for Energy and Petrochemicals
5.1.2 Increase in Oil & Gas Investments
5.1.3 Rapid Globalization of Oil & Gas Sector
5.2.1 Inflated Bidding Process
5.2.2 Backlogs of Planned Mega Projects
5.2.3 Lack of Skilled Labour
5.2.4 Fall in Crude Oil Prices
5.3.1 Technological Advancements
6. Oil & Gas EPC Industry Value Chain Analysis
6.2 Oil & Gas EPC Industries
7. Oil & Gas EPC Industry Market Analysis, by enduser
8. Oil & Gas EPC Industry Market Analysis, by Geography
8.1 North America
8.1.1 United States of America
8.2 Asia Pacific
8.3.2 United Kingdom
8.4 Middle East and Africa
8.4.1 Kingdom of Saudi Arabia
8.5 South America
9. Key Company Analysis
9.1 ABB Group
9.2 Technip S.A.
9.3 Samsung Engineering Co., Ltd.
9.4 Hyundai Heavy Industries Co., Ltd.
9.5 Fluor Corporation
9.6 National Petroleum Construction Company (NPCC)
9.7 Bechtel Corporation
9.8 Hyundai E&C Co., Ltd.
9.9 Jacobs Engineering Group Inc.
9.10 McDermott International
9.11 KBR, Inc.
9.12 L&T Ltd.
9.13 Daewoo Engineering & Construction
9.14 Saipem S.p.A
10. Competitive Landscape
10.1 Mergers & Acquisitions
10.2 Joint Ventures, Collaborations and Agreements
10.3 Market Share Analysis
11.1 Contact Us