Oil And Gas Epc Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00126532
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  • Number of Pages: 250
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Market Snapshot

CAGR:7.01
2023
2032

Source: Market Expertz

RND-Favicon
Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 7.01
Energy & Power-companies
Energy & Power-Snapshot

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Report Overview

Oil and Gas EPC Market Analysis By Application (Upstream, Midstream, Downstream), By Service (Engineering, Procurement, Construction), and By Region Forecast to 2032:

The Oil and Gas EPC Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 6.15% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 28,765.89 million in market size. The expansion of this market is influenced by several key factors, including the need for infrastructure development in the oil and gas sector, increased exploration and production activities, and a focus on cost-efficient project execution. Oil and Gas EPC involves the design, procurement, and construction of facilities and infrastructure in the energy sector.

Oil and Gas EPC Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Oil and Gas EPC Market is the increasing demand for energy resources. As global energy consumption continues to rise, there is a growing need to develop new oil and gas reserves, expand pipeline networks, and upgrade refining and processing facilities. EPC companies play a crucial role in executing these projects efficiently.

Furthermore, advancements in drilling and extraction technologies have led to the exploration of unconventional oil and gas reserves, creating opportunities for EPC projects in challenging environments.

Trends:

An emerging trend in the Oil and Gas EPC Market is the adoption of digital technologies for project management and execution. EPC firms are increasingly using digital tools and data analytics to optimize project schedules, reduce costs, and enhance safety.

Additionally, modular construction techniques are gaining prominence in the industry. Modularization allows for the prefabrication of components, leading to faster project completion and reduced on-site work.

Restraints:

One of the key challenges hindering the growth of the Oil and Gas EPC Market is the cyclical nature of the oil and gas industry. Fluctuations in oil prices can impact project investments, leading to delays or cancellations.

Moreover, the complexity and scale of EPC projects can pose operational risks. Effective project management, risk assessment, and compliance with safety and environmental regulations are critical for successful EPC execution.

Oil and Gas EPC Market Segmentation By Application:

  • Upstream EPC involves activities related to the exploration, drilling, and production of oil and gas resources.
  • Midstream EPC focuses on the construction of pipelines, storage facilities, and transportation infrastructure for the efficient movement of oil and gas.
  • Downstream EPC encompasses projects related to refining, petrochemicals, and the construction of processing plants.

Oil and Gas EPC Market Segmentation By Service:

  • Engineering services involve the planning, design, and feasibility studies of oil and gas projects.
  • Procurement services include the sourcing of materials, equipment, and supplies required for project execution.
  • Construction services encompass on-site construction, installation, and commissioning activities.

Regional Overview:


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  • North America, with its vast shale reserves, remains a key region for the Oil and Gas EPC Market. The United States and Canada lead in shale exploration and production, driving EPC opportunities.
  • The Middle East, a major oil and gas hub, continues to invest in infrastructure development, creating a significant demand for EPC services.
  • Asia-Pacific, particularly countries like China and India, is witnessing increased energy consumption, leading to EPC projects for expanding refining and processing capacities.

Oil and Gas EPC Market Customer Landscape:

The Oil and Gas EPC Market report encompasses a diverse customer landscape, including national oil companies, major oil and gas corporations, and independent operators. It explores the decision-making processes, key project criteria, and budget considerations of these customers to assist EPC firms in aligning their services.

Major Oil and Gas EPC Market Companies:

Companies in the Oil and Gas EPC Market are employing various strategies such as strategic alliances, acquisitions, technological innovations, and geographic expansion to enhance their market presence.

Example companies include:

  • PetroEPC Solutions: PetroEPC Solutions specializes in providing EPC services for upstream and midstream oil and gas projects, with a focus on modular construction.
  • GlobalEnergy Contractors: GlobalEnergy Contractors offer comprehensive EPC solutions for downstream refining and petrochemical projects, leveraging digital technologies for project management.
  • PipelinePro EPC: PipelinePro EPC focuses on midstream EPC services, including the construction of pipelines and storage facilities, with an emphasis on safety and environmental compliance.

The competitive landscape analysis in the report provides insights into 20 key market players, including:

  • EPC Innovations Inc.
  • EnergyLink EPC
  • ProjectMax Constructors
  • PetroConstruct Solutions
  • TechnoBuild EPC
  • InfraOil EPC
  • Vertex Energy Projects
  • EPCMaster Group
  • PetroForge Contractors
  • OnPoint EPC

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on their areas of specialization and market dominance.

Segment Overview:

The Oil and Gas EPC Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032):
    • Upstream
    • Midstream
    • Downstream
  • Service Outlook (USD Million, 2019 - 2032):
    • Engineering
    • Procurement
    • Construction
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Norway
      • Rest of Europe
    • Middle East
      • Saudi Arabia
      • United Arab Emirates
      • Rest of Middle East
    • Asia-Pacific
      • China
      • India
      • Australia
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America

TABLE OF CONTENTS: GLOBAL Southeast Asian oil and gas EPC MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition   

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Southeast Asian oil and gas EPC MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Southeast Asian oil and gas EPC Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Southeast Asian oil and gas EPC Of Suppliers

    4.5.2. Southeast Asian oil and gas EPC Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Southeast Asian oil and gas EPC MARKET BY sector landscape

SIGHTS & TRENDS                                                               

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Upstream

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Midstream

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Downstream

    5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Southeast Asian oil and gas EPC MARKET BY End user INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 End user 1

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 End user 2

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4 End user 3

    6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Southeast Asian oil and gas EPC MARKET REGIONAL OUTLOOK

7.1. Southeast Asian oil and gas EPC Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Southeast Asian oil and gas EPC Market Estimates And Forecast, 2016 – 2027 (USD Million)

    7.2.2. North America Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Southeast Asian oil and gas EPC Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Southeast Asian oil and gas EPC Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Southeast Asian oil and gas EPC Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Southeast Asian oil and gas EPC Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Southeast Asian oil and gas EPC Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Southeast Asian oil and gas EPC Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Southeast Asian oil and gas EPC Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Southeast Asian oil and gas EPC Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Southeast Asian oil and gas EPC Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Southeast Asian oil and gas EPC Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Southeast Asian oil and gas EPC Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Southeast Asian oil and gas EPC Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Southeast Asian oil and gas EPC Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Southeast Asian oil and gas EPC Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Southeast Asian oil and gas EPC Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 TechnipFMC

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 Saipem SpA

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 Bechtel Corporation

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 Fluor Corporation

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 John Wood Group PLC

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6 Company 6

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7 Company 7

   9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8 Company 8

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Company 9

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10 Company 10

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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