Global Oil and Gas EPC Market Size study, by Sector (Upstream, Downstream, Midstream) and Regional Forecasts 2022-2032

Description

List of Tables

Global Oil and Gas EPC Market is valued at approximately USD 446.5 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.76% over the forecast period 2024-2032. Oil and Gas EPC (Engineering, Procurement, and Construction) refers to the integrated delivery approach for projects in the oil and gas industry. It involves designing, procuring materials and equipment, and constructing facilities such as refineries, pipelines, and offshore platforms. EPC contractors manage the entire project lifecycle, ensuring engineering designs meet regulatory standards, procuring necessary components, and overseeing construction to ensure safety, quality, and adherence to schedule and budget. Using a comprehensive strategy reduces risk for customers since EPC contractors handle all project delivery, including making sure the facilities are operationally ready after completion, on schedule, and within budget. A trend towards automation and digitalization is now observed in the oil and gas EPC business, with the goal of lowering expenses and increasing project efficiency. There is also a growing emphasis on sustainability, with EPC companies increasingly focusing on integrating environmentally friendly practices and technologies into their projects.

The Oil and Gas EPC market is experiencing robust growth driven by several key factors. There is a significant increase in global energy demand, necessitating the development of new infrastructure such as pipelines and refineries. This growth is further propelled by technological advancements in digitalization, automation, and advanced materials, which enhance project efficiency and reduce costs. Moreover, stringent regulatory requirements for safety, environmental compliance, and sustainability are pushing the industry towards modernized facilities. Geopolitical stability and economic growth in emerging markets are also contributing to the expansion of projects and investments. Additionally, the ongoing shift towards cleaner energy sources and renewable integration in the oil and gas sector presents new opportunities for EPC companies to innovate and adapt. However, the volatility in oil and gas prices can impact project economics and investment decisions.

The key regions considered for the global Oil and Gas EPC market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, APAC is both dominating and the fastest growing region in terms of revenue for the Oil and Gas EPC Market is driven by key factors. The increasing need for energy in the area, fueled by the industrialization and urbanization of nations like China and India, has led to significant investments in the infrastructure of oil and gas. These investments are essential to meet the expanding energy requirements of burgeoning economies. APAC's robust economic growth and extensive infrastructure development present ample opportunities for EPC projects, solidifying its position as a crucial player in the global market. This strategic advantage enables APAC to attract significant investments and cutting-edge technologies, fostering innovation and sustainable development in the Oil and Gas EPC sector throughout the region.

Major market player included in this report are:

Bechtel Corporation
Petrofac Limited
Tecnicas Reunidas SA
Daewoo Engineering & Construction Co. Ltd
Fluor Corporation
Samsung Engineering Co. Ltd
Korea Shipbuilding & Offshore Engineering Co. Ltd
Hyundai Engineering & Construction Co. Lt
John Wood Group PLC
TechnipFMC PLC

The detailed segments and sub-segment of the market are explained below:

By Sector

Upstream
Downstream
Midstream

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Oil and Gas EPC Market Definition and Research Assumptions

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
  - 1.3.3.1. Availability
  - 1.3.3.2. Infrastructure
  - 1.3.3.3. Regulatory Environment
  - 1.3.3.4. Market Competition
  - 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
  - 1.3.4.1. Regulatory frameworks
  - 1.3.4.2. Technological Advancements
  - 1.3.4.3. Environmental Considerations
  - 1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

Chapter 2. Executive Summary

2.1. Global Oil and Gas EPC Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
- 2.3.1. By Sector
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

Chapter 3. Global Oil and Gas EPC Market Dynamics

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

Chapter 4. Global Oil and Gas EPC Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Oil and Gas EPC Market Size & Forecasts by Sector 2022-2032

5.1. Upstream
5.2. Downstream
5.3. Midstream

Chapter 6. Global Oil and Gas EPC Market Size & Forecasts by Region 2022-2032

6.1. North America Oil and Gas EPC Market
- 6.1.1. U.S. Oil and Gas EPC Market
  - 6.1.1.1. Sector breakdown size & forecasts, 2022-2032
- 6.1.2. Canada Oil and Gas EPC Market
6.2. Europe Oil and Gas EPC Market
- 6.2.1. U.K. Oil and Gas EPC Market
- 6.2.2. Germany Oil and Gas EPC Market
- 6.2.3. France Oil and Gas EPC Market
- 6.2.4. Spain Oil and Gas EPC Market
- 6.2.5. Italy Oil and Gas EPC Market
- 6.2.6. Rest of Europe Oil and Gas EPC Market
6.3. Asia-Pacific Oil and Gas EPC Market
- 6.3.1. China Oil and Gas EPC Market
- 6.3.2. India Oil and Gas EPC Market
- 6.3.3. Japan Oil and Gas EPC Market
- 6.3.4. Australia Oil and Gas EPC Market
- 6.3.5. South Korea Oil and Gas EPC Market
- 6.3.6. Rest of Asia Pacific Oil and Gas EPC Market
6.4. Latin America Oil and Gas EPC Market
- 6.4.1. Brazil Oil and Gas EPC Market
- 6.4.2. Mexico Oil and Gas EPC Market
- 6.4.3. Rest of Latin America Oil and Gas EPC Market
6.5. Middle East & Africa Oil and Gas EPC Market
- 6.5.1. Saudi Arabia Oil and Gas EPC Market
- 6.5.2. South Africa Oil and Gas EPC Market
- 6.5.3. Rest of Middle East & Africa Oil and Gas EPC Market

Chapter 7. Competitive Intelligence

7.1. Key Company SWOT Analysis
7.2. Top Market Strategies
7.3. Company Profiles
- 7.3.1. Bechtel Corporation
  - 7.3.1.1. Key Information
  - 7.3.1.2. Overview
  - 7.3.1.3. Financial (Subject to Data Availability)
  - 7.3.1.4. Product Summary
  - 7.3.1.5. Market Strategies
- 7.3.2. Petrofac Limited
- 7.3.3. Tecnicas Reunidas SA
- 7.3.4. Daewoo Engineering & Construction Co. Ltd
- 7.3.5. Fluor Corporation
- 7.3.6. Samsung Engineering Co. Ltd
- 7.3.7. Korea Shipbuilding & Offshore Engineering Co. Ltd
- 7.3.8. Hyundai Engineering & Construction Co. Ltd
- 7.3.9. John Wood Group PLC
- 7.3.10. TechnipFMC PLC

Chapter 8. Research Process

8.1. Research Process
- 8.1.1. Data Mining
- 8.1.2. Analysis
- 8.1.3. Market Estimation
- 8.1.4. Validation
- 8.1.5. Publishing
8.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Oil and Gas EPC market, report scope
TABLE 2. Global Oil and Gas EPC market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Oil and Gas EPC market estimates & forecasts by Sector 2022-2032 (USD Billion)
TABLE 4. Global Oil and Gas EPC market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 5. Global Oil and Gas EPC market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Oil and Gas EPC market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Oil and Gas EPC market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Oil and Gas EPC market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Oil and Gas EPC market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Oil and Gas EPC market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Oil and Gas EPC market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Oil and Gas EPC market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Oil and Gas EPC market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. U.S. Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 16. U.S. Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. Canada Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 18. Canada Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 19. Canada Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. UK Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 21. UK Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 22. UK Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. Germany Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 24. Germany Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 25. Germany Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. France Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 27. France Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 28. France Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. Italy Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 30. Italy Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 31. Italy Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 32. Spain Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 33. Spain Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 34. Spain Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 35. RoE Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 36. RoE Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 37. RoE Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 38. China Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 39. China Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 40. China Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 41. India Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 42. India Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 43. India Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 44. Japan Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 45. Japan Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 46. Japan Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 47. Australia Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 48. Australia Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 49. Australia Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 50. South Korea Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 51. South Korea Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 52. South Korea Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 53.
TABLE 54. RoAPAC Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 55. RoAPAC Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 56. RoAPAC Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 57. Brazil Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 58. Brazil Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 59. Brazil Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 60. Mexico Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 61. Mexico Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 62. Mexico Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 63. RoLA Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 64. RoLA Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 65. RoLA Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 66. Saudi Arabia Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 67. Saudi Arabia Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 68. Saudi Arabia Oil and Gas EPC market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 69. South Africa Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 70.
TABLE 71. South Africa Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 72. South Africa Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 73. RoMEA Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 74. RoMEA Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 75. RoMEA Oil and Gas EPC market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76. List of secondary sources, used in the study of Global Oil and Gas EPC Market.
TABLE 77. List of primary sources, used in the study of Global Oil and Gas EPC Market.
TABLE 78. Years considered for the study.
TABLE 79. Exchange rates considered.

LIST OF FIGURES

FIG 1. Global Oil and Gas EPC market, research methodology
FIG 2. Global Oil and Gas EPC market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Oil and Gas EPC market, key trends 2023
FIG 5. Global Oil and Gas EPC market, growth prospects 2022-2032
FIG 6. Global Oil and Gas EPC market, porters 5 force model
FIG 7. Global Oil and Gas EPC market, pestel analysis
FIG 8. Global Oil and Gas EPC market, value chain analysis
FIG 9. Global Oil and Gas EPC market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Oil and Gas EPC market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Oil and Gas EPC market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Oil and Gas EPC market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Oil and Gas EPC market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Oil and Gas EPC market, regional snapshot 2022 & 2032
FIG 15. North America Oil and Gas EPC market 2022 & 2032 (USD Billion)
FIG 16. Europe Oil and Gas EPC market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Oil and Gas EPC market 2022 & 2032 (USD Billion)
FIG 18. Latin America Oil and Gas EPC market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Oil and Gas EPC market 2022 & 2032 (USD Billion)
FIG 20. Global Oil and Gas EPC market, company market share analysis (2023)