Global Oil and Gas Engineering, Procurement and Construction (EPC) Market is growing at a CAGR 7.0% during 2018 to 2027.

Mon Jun 8, 2020 - 5:20am GMT+0000

Some of the key players in Oil and Gas Engineering, Procurement and Construction (EPC) Market include L&T Hydrocarbon Engineering, Bechtel Corporation, WorleyParsons Limited, TechnipFMC Plc, and KBR Inc.

Gaithersburg, Maryland, United States – June 8, 2020 /MarketersMedia/

Some of the key factors propelling the market growth are rising demand for LNG infrastructure and decrease in operating cost of oil & gas fields. However, rising adoption of alternate transportation modes for oil and gas is the restraining factor for the growth of the market.

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Oil and Gas Engineering, Procurement and Construction (EPC) is a form of contract agreement by which contractors deliver an operational asset to their clients alongwith service and maintenance contracts.

By sector, the upstream segment is expected to grow at a significant market share during the forecast period as it requires less capital investment and is less complex.

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On the basis of geography, North America is anticipated to hold considerable market share during the forecast period due to the existence of a large number of market players in the region as the major economies of this region are leading producers of crude oil and gas.

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Locations Covered:
• Offshore
• Onshore

Sectors Covered:
• Downstream
• Midstream
• Upstream

Service Types Covered:
• Engineering
• Procurement
• Construction
• Fabrication
• Combination

Types Covered:
• Type I
• Type II

End Users Covered:
• Gas Industry
• Oil Industry

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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Source URL: https://marketersmedia.com/global-oil-and-gas-engineering-procurement-and-construction-epc-market-is-growing-at-a-cagr-70-during-2018-to-2027/88961585

Source: MarketersMedia

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