Quick Summary:
Navigate the complexities of the thriving Oil and Gas EPC market with clarity and precision. Global economics are rapidly evolving, and so too is the market for Oil and Gas Engineering, Procurement and Construction services, projected to attain a remarkable value of US$301.3 Billion by 2030. Information is power – secure that power with this comprehensive analysis of the market.
With notable focus on markets in the U.S, China, Japan, Canada and Europe, discover vital emerging trends and key competitors. The specific market dynamics of Construction & Installation and the Fabrication & Equipment segments are highlighted, offering invaluable insights that serve as a solid foundation for informed decision making. Enhance your business model by accessing data on global competencies, presence and influence over varying geographies and online collaborative updates. Keep ahead of the curve, secure an edge in your business planning with this market research report.
Global Oil and Gas EPC Market to Reach $301.3 Billion by 2030
The global market for Oil and Gas EPC estimated at US$197 Billion in the year 2022, is projected to reach a revised size of US$301.3 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030. Construction & Installation, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$176.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Fabrication & Equipment segment is readjusted to a revised 5.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $59.2 Billion, While China is Forecast to Grow at 5.1% CAGR
The Oil and Gas EPC market in the U.S. is estimated at US$59.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$52.6 Billion by the year 2030 trailing a CAGR of 5.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.Select Competitors (Total 16 Featured) -
- Bechtel Corporation
- CNGS Group
- Daewoo Engineering & Construction Co., Ltd.
- Fluor Corporation
- HEXA
- Hyundai Engineering & Construction (Hyundai E&C)
- Hyundai Heavy Industries Co., Ltd.
- Jacobs Engineering Group Inc.
- JSC Stroytransgaz
- KBR, Inc.
- McDermott International, Inc
- NCPCC
- Saipem S.p.A.
- Samsung Engineering Co., Ltd.
- TechnipFMC PLC
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Oil and Gas EPC?
What is the growth rate of the Global Market for Oil and Gas EPC?
What is the forecasted size of the Global Market for Oil and Gas EPC?
Who are the key companies in the Global Market for Oil and Gas EPC?
| Report Attribute | Details |
|---|---|
| No. of Pages | 231 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 197 Billion |
| Forecasted Market Value ( USD | $ 301.3 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Bechtel Corporation
- CNGS Group
- Daewoo Engineering & Construction Co., Ltd.
- Fluor Corporation
- HEXA
- Hyundai Engineering & Construction (Hyundai E&C)
- Hyundai Heavy Industries Co., Ltd.
- Jacobs Engineering Group Inc.
- JSC Stroytransgaz
- KBR, Inc.
- McDermott International, Inc
- NCPCC
- Saipem S.p.A.
- Samsung Engineering Co., Ltd.
- TechnipFMC PLC
