EPC (Engineering, Procurement, and Construction) Market
EPC (Engineering, Procurement, and Construction) Market Size, Share Analysis, By End-use Industry (Power, Oil & Gas, Energy, Roads & Bridges, Railways, Ports, Airports, Inland Water Transport, Building Construction, Telecom, Utilities), By Region - Global Market Insights 2022 to 2032
Analysis of EPC (Engineering, Procurement, and Construction) market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Engineering, Procurement, and Construction Market Outlook (2022-2032)
The global EPC (engineering, procurement, and construction) market is projected at US$ 792.7 billion in 2022 and is expected to expand at a CAGR of 5.7% to reach US$ 1.380 billion by the end of 2032.
The North American region leads and accounts for over one-third of the global EPC market share.
Report Attributes |
Details |
|---|---|
|
EPC Market Size (2021A) |
US$ 750 Billion |
|
Estimated Market Value (2022E) |
US$ 792.7 Billion |
|
Forecasted Market Value (2032F) |
US$ 1,380 Billion |
|
Global Market Growth Rate (2022-2032) |
~5.7% CAGR |
|
North America Market Share (2021) |
~34% |
|
East Asia Market Growth Rate (2022-2032) |
~6.7% CAGR |
|
United States Market Growth Rate (2022-2032) |
~5.2% CAGR |
|
Key Companies Profiled |
|
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
EPC Engagement with Enterprises Offers Higher Cost-efficiency
EPC firms are responsible for the design, procurement, and construction of projects as requested by the client. These firms are also responsible for commissioning and providing ready-to-use projects to owners or clients by a dedicated deadline and at an agreed price.
These firms are comprised of engineers and employees specialized in a dedicated sector who offer appropriate solutions regarding the establishment of a project in a cost-effective way. Clients are benefited from avoiding losses that occur with the price variation of raw materials or any other uncertainties (natural & artificial) while building a project by appointing an EPC firm. This factor will potentially stimulate the demand for EPC firms worldwide.
- Short Term (2022-2025): Post-COVID-19, the EPC market is expected to gain momentum in revenue growth as many infrastructure and facility development projects have resumed at a significant pace.
- Medium Term (2025-2028): Favourable government norms towards reduction of carbon emissions, increasing production of renewable energy, and expansion of oil & gas plants are projected to boost EPC market growth in the mid-term.
- Long Term (2028-2032): With a lot of old infrastructures, demand for redevelopment projects is expected to be high in the future. Increasing urbanization and the need for standardized infrastructure for the population will drive EPC market growth in the long-term period.
Over the 2017-2021 period, the global EPC market expanded at a CAGR of 4.2%, as per the study by Fact.MR, a market research and competitive intelligence provider. Demand for EPC is projected to exhibit growth at 5.7% CAGR between 2022 and 2032.
Market share analysis of EPC services based on end-use industry and region. Under the end-use industry segment, power & energy leads with 21% market share in 2022.
Infrastructure Development to Drive Demand for EPC Contractors
Infrastructure projects that are critical to development require immense capital investments, resources, and time. Owing to this, many organizations appoint an EPC firm while taking on a large project.
These firms offer turnkey solutions to customers through collaborating at all stages of the project to ensure meeting client goals and satisfaction. With the substantial rise in infrastructure development worldwide, demand for EPC services is expected to rise during the forecast period (2022-2032).
- As per the World Economic Outlook, by the International Monetary Fund (IMF), infrastructure project development across the globe was around 2,500 (two thousand five hundred different projects) which is an increase of 5.5% from 2019. Out of these projects, half were classed as sustainable infrastructure projects, including the development of renewable energy plants.
EPC firms use their resources, experience, and industry knowledge to provide optimum services for client projects. This is an ideal option for a client to have a single relationship and a single point of responsibility to manage a site/infrastructure construction.
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Integration of Advanced Technology for Project Execution
High level of engineering expertise along with sophisticated supply chain and capital management phases to handle turnkey engineering projects and deliver complicated production units is essential for EPC contractors. Clients demand strict adherence to deadlines and quality standards, regardless of any limitations on the backend.
As a result, EPC services are increasingly incorporating skid-mounted plants and technologies, remote plant management and operation, automation, and digitalization. Engineering resources, materials, and labour requirements can be precisely anticipated with the help of automation, which can be accurate to around 95% of the final design.
AI-driven intelligent automation, AR, and VR for better safety and communication, as well as IoT-enabled monitoring and maintenance to offer efficient engineering and design services, is been adopted by EPC contractors, which is driving overall market growth.
Shrinking Profit Margins of EPC Firms
The decline in profit margins is a major factor hampering market growth. Aggressive bidding to gain projects and high raw material & labour costs are resulting in a downward shift in operating profits of engineering, procurement, and construction firms. Globally, EPC firms have observed a gradual decline of an average of 15% in profit margins over the last few years.
Also, delays in project execution during the COVID-19 pandemic resulted in operating losses for EPC firms. These factors have resulted in a decline in profit margins and created a challenging scenario for EPC firms across the world.
Dearth of Skilled Employees in the Construction Sector
Engineering and construction industries are highly reliant on labor for project execution. Shortage of labor in these industries is expected to hamper market growth. Also, it has been observed that age is an emerging threat to the construction industry.
More than one-third of the construction workforce in the United States is expected to retire over the next decade. It has become a challenging scenario to bridge the gap between these increasing retirements of old experienced workers with the introduction of young fresh talent. Owing to this, the growth of the EPC market is projected to get hampered to some extent over the years ahead.
Country-wise Insights
Why is Demand for EPC Services Increasing in the United States?
The United States EPC services market is projected to expand at a CAGR of 5.2% from 2022 to 2032.
An increase in infrastructure development in the United States is driving market growth. With the increase in infrastructure development, demand for engineering, procurement, and construction services is expected to gain popularity to oversee projects and evaluate progress based on performance and accomplish project development with precision and accuracy.
- The United States spends around 2.3% of its GDP on infrastructure development every year.
In addition, the United States tops the list of oil-producing nations in the world.
- As per the U.S. Energy Information Administration (EPA), the United States accounts for 20% share of global oil production.
The oil & gas industry needs upstream, midstream, and downstream oil extraction plants. EPC companies efficiently help in designing, constructing, and installing facilities that are required for oil extraction and production.
Which Factors are Contributing to India’s EPC Market Growth?
India is projected to be a lucrative market during the forecast period due to a significant rise in urbanization and increasing electricity demand. As several power projects are in the pipeline, demand for EPC firms will have potential growth opportunities over the coming years.
- India is anticipating a total investment of US$ 500 billion in the renewable sector to attain its target of 450 GW of capacity by 2030, as per the Institute for Energy Economics and Financial Analysis.
India has been the fastest developing chemical sector in recent years. Chemical companies require EPC companies to execute projects in an efficient way to attract value to the investments made by companies and establish energy-efficient plants to attain competitive energy consumption in comparison to international standards.
Category-wise Insights
Power & Energy Sector to Be Leading End-use Industry
Factors such as increasing energy consumption coupled with the growing development of power generation facilities are driving the demand for engineering, procurement, and construction firms worldwide. Energy consumption is growing every year with an average of 1%-2% globally. Production facilities are expected to expand in the near future to cater to the global demand for power and energy.
In addition, government initiatives to enhance the production of renewable energy, coupled with the establishment of new facilities & plants with new & efficient technologies such as supercritical and ultra-supercritical coal power plants, will drive the demand for EPC services in the power and energy sector.
Road & Bridge Development to Push Earnings of EPC Providers
Roads and bridges are complex to design and demand expertise in engineering work. Also, the procurement of specific equipment and machinery is essential to make roads and bridges. Therefore, governments across the world hire EPC contractors to execute the high-end design and construction of roads and bridges cost-effectively.
Rising government investments in the development of roads & bridges will drive target market growth.
- In India, the government aims to construct 65,000 km of national highways worth US$ 741.51 billion by 2022.
- Similarly, to encourage infrastructure development and to replace deteriorated roads, bridges, and rail infrastructure, the U.S. government enacted the Bipartisan Infrastructure Act.
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Competitive Landscape
Prominent EPC service providers are Bechtel, Hyundai Engineering & Construction, Fluor, Technip FMC, Saipem, Bilfinger, Petrofac, Técnicas Reunidas, KBR, Samsung Engineering, SK Engineering & Construction, Daewoo Engineering & Construction Co., Ltd., Daelim Industrial, GS Engineering & Construction Corporation, and Wood, Plc.
The engineering, procurement, and construction market is highly competitive with the presence of several established companies. Companies are aggressively securing contracts and offering EPC services to establish plants and production facilities in different industry verticals.
For instance:
- In May 2022, Tata power solar, a wholly-owned subsidiary of Tata Power, secured a single solar EPC contract of 1 GW from SJVN Ltd. The project is aimed at the reduction of 2,287,128 kg of carbon emissions and will generate around 2,500 million units of energy annually.
- In January 2021, Larsen and Toubro (L&T) secured an EPC contract for a 200 MW of grid-connected solar power project in Gujarat, India, through an e-reverse auction initiated by NTPC Limited.
- In June 2022, Cal Solar Inc. announced the launch of EPC services to provide services to Bechtel, Hyundaolar, and energy development companies by leveraging its team of in-house engineers, estimators, and state-wide installation crew.
Fact.MR has provided detailed information about EPC service providers positioned across regions, revenue growth, and service offering expansion, in the recently published report.
Segmentation of EPC Industry Survey
-
By End-use Industry :
- Power
- Oil & Gas
- Energy
- Roads & Bridges
- Railways
- Ports, Airports, and Inland Water Transport
- Building Construction
- Telecom
- Utilities
- Others (Not Covered Elsewhere)
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
1. Executive Summary - Global EPC (Engineering, Procurement and Construction) Market 2. Market Overview 2.1. Market Definition and Introduction 2.2. Market Taxonomy/ Research Scope 3. Market Characteristic – Bird Eye View 3.1. Number of Active Enterprises by Key Countries 3.2. Number of People Employed 3.3. Average Operating Margin 3.4. Average Revenue Per Employee 3.5. Threshold of Revenue Volatility 3.6. Consistency in Demand 3.7. Key Barriers to Entry 3.8. Key Customer Archetypes 4. Market Background and Foundation Data 4.1. Global Infrastructure Development Statistics, 2017-2021 4.2. EPC Service Offering and Adoption Analysis 4.3. EPC Service Adoption by Industry Vertical Statistics, 2017-2021 4.4. Revenue Analysis of Top Ten Players 4.5. Service Offering Analysis by Key Players 4.6. Income Vs Revenue Growth Matrix 4.7. Market Dynamics 4.7.1. Key Growth Drivers 4.7.2. Industry Challenges 4.7.3. Notable Current and Future Trends 4.8. Opportunity and White Space Assessment 4.8.1. Total Available Market (US$ Bn) 4.8.2. Serviceable Addressable Market (US$ Bn) 4.8.3. Serviceable Obtainable Market (US$ Bn) 4.9. Forecast and Macro-Economic Factors – Relevance and Impact 4.10. Key Success Factors and Winning Imperatives 5. Global EPC (Engineering, Procurement and Construction) Market Analysis and Forecast 5.1. Historical Market Value (US$ Bn) Analysis, 2017-2021 5.2. Current and Future Market Value (US$ Bn), 2022-2032 5.2.1. Y-o-Y Growth Trend Analysis 5.2.2. Absolute $ Opportunity Analysis 6. Global EPC (Engineering, Procurement and Construction) Market Analysis and Forecast, By End-use Industry 6.1. Introduction / Key Findings 6.2. Historical Market Size (US$ Bn) By End-use Industry, 2017-2021 6.3. Current and Future Market Size (US$ Bn) Forecast By End-use Industry, 2022-2032 6.3.1. Power 6.3.2. Oil & Gas 6.3.3. Energy 6.3.4. Roads & Bridges 6.3.5. Railways 6.3.6. Ports, Airports, and Inland Water Transport 6.3.7. Building Constructions 6.3.8. Telecom 6.3.9. Utilities 6.3.10. Others ( Not Covered Elsewhere) 6.4. Market Attractiveness Analysis By End-use Industry 7. Global EPC (Engineering, Procurement and Construction) Market Analysis and Forecast, By Region 7.1. Introduction 7.2. Historical Market Size (US$ Bn) By Region, 2017-2021 7.3. Current Market Size (US$ Bn) Analysis Forecast By Region, 2022-2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. East Asia 7.3.5. South Asia and Oceania 7.3.6. Middle East & Africa 7.4. Market Attractiveness Analysis By Region 8. North America EPC (Engineering, Procurement and Construction) Market Analysis and Forecast 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 8.3. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 8.3.1. By Country 8.3.1.1. U.S. 8.3.1.2. Canada 8.3.2. By End-use Industry 8.4. Market Attractiveness Analysis 8.4.1. By Country 8.4.2. By End-use Industry 9. Latin America EPC (Engineering, Procurement and Construction) Market Analysis and Forecast 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 9.3. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 9.3.1. By Country 9.3.1.1. Brazil 9.3.1.2. Mexico 9.3.1.3. Argentina 9.3.1.4. Peru 9.3.1.5. Rest of Latin America 9.3.2. By End-use Industry 9.4. Market Attractiveness Analysis 9.4.1. By Country 9.4.2. By End-use Industry 10. Europe EPC (Engineering, Procurement and Construction) Market Analysis and Forecast 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 10.3. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 10.3.1. By Country 10.3.1.1. Germany 10.3.1.2. Italy 10.3.1.3. France 10.3.1.4. U.K. 10.3.1.5. Spain 10.3.1.6. BENELUX 10.3.1.7. NORDIC 10.3.1.8. Rest of Europe 10.3.2. By End-use Industry 10.4. Market Attractiveness Analysis 10.4.1. By Country 10.4.2. By End-use Industry 11. East Asia EPC (Engineering, Procurement and Construction) Market Analysis and Forecast 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 11.3. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 11.3.1. By Country 11.3.1.1. China 11.3.1.2. Japan 11.3.1.3. South Korea 11.3.2. By End-use Industry 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By End-use Industry 12. South Asia & Oceania EPC (Engineering, Procurement and Construction) Market Analysis and Forecast 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 12.3. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 12.3.1. By Country 12.3.1.1. India 12.3.1.2. Thailand 12.3.1.3. Indonesia 12.3.1.4. Malaysia 12.3.1.5. Australia 12.3.1.6. Rest of South Asia & Oceania 12.3.2. By End-use Industry 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By End-use Industry 13. Middle East & Africa EPC (Engineering, Procurement and Construction) Market Analysis and Forecast 13.1. Introduction / Key Findings 13.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 13.3. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 13.3.1. By Country 13.3.1.1. GCC Countries 13.3.1.2. Turkey 13.3.1.3. North African Region 13.3.1.4. South Africa 13.3.1.5. Rest of Middle East and Africa 13.3.2. By End-use Industry 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By End-use Industry 14. Country-level EPC (Engineering, Procurement and Construction) Market Analysis and Forecast 14.1. Introduction / Key Findings 14.1.1. Market Value Proportion Analysis, By Key Countries 14.1.2. Global Vs. Country Growth Comparison 14.2. Us EPC (Engineering, Procurement and Construction) Market Analysis 14.2.1. Value Proportion Analysis By Market Taxonomy 14.2.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.2.2.1. By End-use Industry 14.3. Canada EPC (Engineering, Procurement and Construction) Market Analysis 14.3.1. Value Proportion Analysis By Market Taxonomy 14.3.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.3.2.1. By End-use Industry 14.4. Brazil EPC (Engineering, Procurement and Construction) Market Analysis 14.4.1. Value Proportion Analysis By Market Taxonomy 14.4.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.4.2.1. By End-use Industry 14.5. Mexico EPC (Engineering, Procurement and Construction) Market Analysis 14.5.1. Value Proportion Analysis By Market Taxonomy 14.5.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.5.2.1. By End-use Industry 14.6. Argentina EPC (Engineering, Procurement and Construction) Market Analysis 14.6.1. Value Proportion Analysis By Market Taxonomy 14.6.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.6.2.1. By End-use Industry 14.7. Germany EPC (Engineering, Procurement and Construction) Market Analysis 14.7.1. Value Proportion Analysis By Market Taxonomy 14.7.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.7.2.1. By End-use Industry 14.8. France EPC (Engineering, Procurement and Construction) Market Analysis 14.8.1. Value Proportion Analysis By Market Taxonomy 14.8.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.8.2.1. By End-use Industry 14.9. Italy EPC (Engineering, Procurement and Construction) Market Analysis 14.9.1. Value Proportion Analysis By Market Taxonomy 14.9.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.9.2.1. By End-use Industry 14.10. Spain EPC (Engineering, Procurement and Construction) Market Analysis 14.10.1. Value Proportion Analysis By Market Taxonomy 14.10.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.10.2.1. By End-use Industry 14.11. Peru EPC (Engineering, Procurement and Construction) Market Analysis 14.11.1. Value Proportion Analysis By Market Taxonomy 14.11.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.11.2.1. By End-use Industry 14.12. NORDIC EPC (Engineering, Procurement and Construction) Market Analysis 14.12.1. Value Proportion Analysis By Market Taxonomy 14.12.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.12.2.1. By End-use Industry 14.13. BENELUX EPC (Engineering, Procurement and Construction) Market Analysis 14.13.1. Value Proportion Analysis By Market Taxonomy 14.13.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.13.2.1. By End-use Industry 14.14. U.K. EPC (Engineering, Procurement and Construction) Market Analysis 14.14.1. Value Proportion Analysis By Market Taxonomy 14.14.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.14.2.1. By End-use Industry 14.15. China EPC (Engineering, Procurement and Construction) Market Analysis 14.15.1. Value Proportion Analysis By Market Taxonomy 14.15.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.15.2.1. By End-use Industry 14.16. Japan EPC (Engineering, Procurement and Construction) Market Analysis 14.16.1. Value Proportion Analysis By Market Taxonomy 14.16.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.16.2.1. By End-use Industry 14.17. South Korea EPC (Engineering, Procurement and Construction) Market Analysis 14.17.1. Value Proportion Analysis By Market Taxonomy 14.17.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.17.2.1. By End-use Industry 14.18. India EPC (Engineering, Procurement and Construction) Market Analysis 14.18.1. Value Proportion Analysis By Market Taxonomy 14.18.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.18.2.1. By End-use Industry 14.19. ASEAN Countries EPC (Engineering, Procurement and Construction) Market Analysis 14.19.1. Value Proportion Analysis By Market Taxonomy 14.19.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.19.2.1. By End-use Industry 14.20. GCC Countries EPC (Engineering, Procurement and Construction) Market Analysis 14.20.1. Value Proportion Analysis By Market Taxonomy 14.20.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.20.2.1. By End-use Industry 14.21. Turkey EPC (Engineering, Procurement and Construction) Market Analysis 14.21.1. Value Proportion Analysis By Market Taxonomy 14.21.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.21.2.1. By End-use Industry 14.22. South Africa EPC (Engineering, Procurement and Construction) Market Analysis 14.22.1. Value Proportion Analysis By Market Taxonomy 14.22.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.22.2.1. By End-use Industry 15. EPC (Engineering, Procurement and Construction) Market Structure Analysis 15.1. Market Analysis By Tier of Companies 15.2. Market Concentration of Players 15.3. Market Share Analysis of Top Players 16. EPC (Engineering, Procurement and Construction) Competition Analysis 16.1. Competition Dashboard 16.2. Competition Deep Dive / company Profiles: EPC (Engineering, Procurement and Construction) Market 16.2.1. Bechtel 16.2.1.1. Overview 16.2.1.2. Service Portfolio 16.2.1.3. Key Financials 16.2.1.4. SWOT Analysis 16.2.1.5. Key Developments 16.2.1.6. Strategy Overview 16.2.2. Hyundai Engineering & Construction 16.2.2.1. Overview 16.2.2.2. Service Portfolio 16.2.2.3. Key Financials 16.2.2.4. SWOT Analysis 16.2.2.5. Key Developments 16.2.2.6. Strategy Overview 16.2.3. Fluor 16.2.3.1. Overview 16.2.3.2. Service Portfolio 16.2.3.3. Key Financials 16.2.3.4. SWOT Analysis 16.2.3.5. Key Developments 16.2.3.6. Strategy Overview 16.2.4. Technip FMC 16.2.4.1. Overview 16.2.4.2. Service Portfolio 16.2.4.3. Key Financials 16.2.4.4. SWOT Analysis 16.2.4.5. Key Developments 16.2.4.6. Strategy Overview 16.2.5. Saipem 16.2.5.1. Overview 16.2.5.2. Service Portfolio 16.2.5.3. Key Financials 16.2.5.4. SWOT Analysis 16.2.5.5. Key Developments 16.2.5.6. Strategy Overview 16.2.6. Bilfinger 16.2.6.1. Overview 16.2.6.2. Service Portfolio 16.2.6.3. Key Financials 16.2.6.4. SWOT Analysis 16.2.6.5. Key Developments 16.2.6.6. Strategy Overview 16.2.7. Petrofac 16.2.7.1. Overview 16.2.7.2. Service Portfolio 16.2.7.3. Key Financials 16.2.7.4. SWOT Analysis 16.2.7.5. Key Developments 16.2.7.6. Strategy Overview 16.2.8. Técnicas Reunidas 16.2.8.1. Overview 16.2.8.2. Service Portfolio 16.2.8.3. Key Financials 16.2.8.4. SWOT Analysis 16.2.8.5. Key Developments 16.2.8.6. Strategy Overview 16.2.9. KBR 16.2.9.1. Overview 16.2.9.2. Service Portfolio 16.2.9.3. Key Financials 16.2.9.4. SWOT Analysis 16.2.9.5. Key Developments 16.2.9.6. Strategy Overview 16.2.10. Samsung Engineering 16.2.10.1. Overview 16.2.10.2. Service Portfolio 16.2.10.3. Key Financials 16.2.10.4. SWOT Analysis 16.2.10.5. Key Developments 16.2.10.6. Strategy Overview 16.2.11. SK Engineering & construction 16.2.11.1. Overview 16.2.11.2. Service Portfolio 16.2.11.3. Key Financials 16.2.11.4. SWOT Analysis 16.2.11.5. Key Developments 16.2.11.6. Strategy Overview 16.2.12. Daewoo Engineering & Construction Co., Ltd. 16.2.12.1. Overview 16.2.12.2. Service Portfolio 16.2.12.3. Key Financials 16.2.12.4. SWOT Analysis 16.2.12.5. Key Developments 16.2.12.6. Strategy Overview 16.2.13. Daelim Industrial 16.2.13.1. Overview 16.2.13.2. Service Portfolio 16.2.13.3. Key Financials 16.2.13.4. SWOT Analysis 16.2.13.5. Key Developments 16.2.13.6. Strategy Overview 16.2.14. GS Engineering & Construction Corporation 16.2.14.1. Overview 16.2.14.2. Service Portfolio 16.2.14.3. Key Financials 16.2.14.4. SWOT Analysis 16.2.14.5. Key Developments 16.2.14.6. Strategy Overview 16.2.15. Wood, Plc 16.2.15.1. Overview 16.2.15.2. Service Portfolio 16.2.15.3. Key Financials 16.2.15.4. SWOT Analysis 16.2.15.5. Key Developments 16.2.15.6. Strategy Overview 17. Assumptions & Acronyms Used 18. Research Methodology
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List Of Table
Table 01. Global EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By Region, 2017-2021
Table 02. Global EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By Region, 2022-2032
Table 03. Global EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By End-use Industry, 2017-2021
Table 04. Global EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By End-use Industry, 2022-2032
Table 05. North America EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By Country, 2017-2021
Table 06. North America EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By Country, 2022-2032
Table 07. North America EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By End-use Industry, 2017-2021
Table 08. North America EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By End-use Industry, 2022-2032
Table 09. Latin America EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By Country, 2017-2021
Table 10. Latin America EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By Country, 2022-2032
Table 11. Latin America EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By End-use Industry, 2017-2021
Table 12. Latin America EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By End-use Industry, 2022-2032
Table 13. Europe EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By Country, 2017-2021
Table 14. Europe EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By Country, 2022-2032
Table 15. Europe EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By End-use Industry, 2017-2021
Table 16. Europe EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By End-use Industry, 2022-2032
Table 17. East Asia EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By Country, 2017-2021
Table 18. East Asia EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By Country, 2022-2032
Table 19. East Asia EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By End-use Industry, 2017-2021
Table 20. East Asia EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By End-use Industry, 2022-2032
Table 21. South Asia & Oceania EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By Country, 2017-2021
Table 22. South Asia & Oceania EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By Country, 2022-2032
Table 23. South Asia & Oceania EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By End-use Industry, 2017-2021
Table 24. South Asia & Oceania EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By End-use Industry, 2022-2032
Table 25. MEA EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By Country, 2017-2021
Table 26. MEA EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By Country, 2022-2032
Table 27. MEA EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By End-use Industry, 2017-2021
Table 28. MEA EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) and Forecast By End-use Industry, 2022-2032
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List Of Figures
Figure 01. Global EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) Forecast, 2022-2032
Figure 02. Global EPC (Engineering, Procurement and Construction) Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 03. Global EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) By Region, 2022 & 2032
Figure 04. Global EPC (Engineering, Procurement and Construction) Market Y-o-Y Growth Rate By Region, 2022-2032
Figure 05. Global EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) By End-use Industry, 2022 & 2032
Figure 06. Global EPC (Engineering, Procurement and Construction) Market Y-o-Y Growth Rate By End-use Industry, 2022-2032
Figure 07. North America EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) Forecast, 2022-2032
Figure 08. North America EPC (Engineering, Procurement and Construction) Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 09. North America EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) By Country, 2022 & 2032
Figure 10. North America EPC (Engineering, Procurement and Construction) Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 11. North America EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) By End-use Industry, 2022 & 2032
Figure 12. North America EPC (Engineering, Procurement and Construction) Market Y-o-Y Growth Rate By End-use Industry, 2022-2032
Figure 13. North America EPC (Engineering, Procurement and Construction) Market Attractiveness Analysis By Country, 2022-2032
Figure 14. North America EPC (Engineering, Procurement and Construction) Market Attractiveness Analysis By End-use Industry, 2022-2032
Figure 15. Latin America EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) Forecast, 2022-2032
Figure 16. Latin America EPC (Engineering, Procurement and Construction) Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 17. Latin America EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) By Country, 2022 & 2032
Figure 18. Latin America EPC (Engineering, Procurement and Construction) Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 19. Latin America EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) By End-use Industry, 2022 & 2032
Figure 20. Latin America EPC (Engineering, Procurement and Construction) Market Y-o-Y Growth Rate By End-use Industry, 2022-2032
Figure 21. Latin America EPC (Engineering, Procurement and Construction) Market Attractiveness Analysis By Country, 2022-2032
Figure 22. Latin America EPC (Engineering, Procurement and Construction) Market Attractiveness Analysis By End-use Industry, 2022-2032
Figure 23. Europe EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) Forecast, 2022-2032
Figure 24. Europe EPC (Engineering, Procurement and Construction) Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 25. Europe EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) By Country, 2022 & 2032
Figure 26. Europe EPC (Engineering, Procurement and Construction) Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 27. Europe EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) By End-use Industry, 2022 & 2032
Figure 28. Europe EPC (Engineering, Procurement and Construction) Market Y-o-Y Growth Rate By End-use Industry, 2022-2032
Figure 29. Europe EPC (Engineering, Procurement and Construction) Market Attractiveness Analysis By Country, 2022-2032
Figure 30. Europe EPC (Engineering, Procurement and Construction) Market Attractiveness Analysis By End-use Industry, 2022-2032
Figure 31. East Asia EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) Forecast, 2022-2032
Figure 32. East Asia EPC (Engineering, Procurement and Construction) Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 33. East Asia EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) By Country, 2022 & 2032
Figure 34. East Asia EPC (Engineering, Procurement and Construction) Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 35. East Asia EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) By End-use Industry, 2022 & 2032
Figure 36. East Asia EPC (Engineering, Procurement and Construction) Market Y-o-Y Growth Rate By End-use Industry, 2022-2032
Figure 37. East Asia EPC (Engineering, Procurement and Construction) Market Attractiveness Analysis By Country, 2022-2032
Figure 38. East Asia EPC (Engineering, Procurement and Construction) Market Attractiveness Analysis By End-use Industry, 2022-2032
Figure 39. South Asia & Oceania EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) Forecast, 2022-2032
Figure 40. South Asia & Oceania EPC (Engineering, Procurement and Construction) Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 41. South Asia & Oceania EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) By Country, 2022 & 2032
Figure 42. South Asia & Oceania EPC (Engineering, Procurement and Construction) Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 43. South Asia & Oceania EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) By End-use Industry, 2022 & 2032
Figure 44. South Asia EPC (Engineering, Procurement and Construction) Market Y-o-Y Growth Rate By End-use Industry, 2022-2032
Figure 45. South Asia & Oceania EPC (Engineering, Procurement and Construction) Market Attractiveness Analysis By Country, 2022-2032
Figure 46. South Asia & Oceania EPC (Engineering, Procurement and Construction) Market Attractiveness Analysis By End-use Industry, 2022-2032
Figure 47. MEA EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) Forecast, 2022-2032
Figure 48. MEA EPC (Engineering, Procurement and Construction) Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 49. MEA EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) By Country, 2022 & 2032
Figure 50. MEA EPC (Engineering, Procurement and Construction) Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 51. MEA EPC (Engineering, Procurement and Construction) Market Value (US$ Billion) By End-use Industry, 2022 & 2032
Figure 52. MEA EPC (Engineering, Procurement and Construction) Market Y-o-Y Growth Rate By End-use Industry, 2022-2032
Figure 53. MEA EPC (Engineering, Procurement and Construction) Market Attractiveness Analysis By Country, 2022-2032
Figure 54. MEA EPC (Engineering, Procurement and Construction) Market Attractiveness Analysis By End-use Industry, 2022-2032
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- FAQs -
What is the valuation of the EPC (engineering, procurement, and construction) market?
The global EPC market is valued at US$ 7,927.5 billion in 2022.
How is the market for EPC expected to fare by 2032?
Revenue from engineering, procurement, and construction is anticipated to reach US$ 13,800.2 billion by 2032-end.
Which end-use industry will drive high revenue generation?
EPC services for roads & bridges account for 17% global market share.
Which regional market accounts for the highest share?
North America leads the global EPC market accounting for 34% market share.
How did the market evolve between 2017 and 2021?
From 2017 and 2021, the EPC market increased at 4.2% CAGR.
EPC (Engineering, Procurement, and Construction) Market