Title: Oil and Gas EPC Market Size 2022-2027
1Global Oil and Gas EPC Market Research and
Forecast Report 2022-2027
Author Elena Anderson, Marketing Manager
IMARC Group
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
2019 IMARC All Rights Reserved
2About IMARC Group
Report Description
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3Report Description and Highlights
Report Description
Global Oil and Gas EPC Market Research
Report According to the latest report by IMARC
Group, titled Oil and Gas EPC Market Global
Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2022-2027 theĀ global oil and gas
EPC market reached a strong growth in 2021.Ā Oil
and gas, engineering, procurement, and
construction (EPC) is a contract-based model that
delivers skilled labor and other resources to
complete infrastructure projects. Oil and gas
companies rely on EPC contractors to design
layouts, carry out the onsite assembly and
functional testing, procure equipment material,
and manufacture systems. EPC contractors also
specialize in developing plans for aboveground
storage tanks, power generation, environmental
controls, natural gas processing facilities,
industrial power distribution, and material
handling. Request Free Sample Report
https//www.imarcgroup.com/oil-gas-epc-market/requ
estsample
4Report Description and Highlights
Report Description
Global Oil and Gas EPC Market Trends The
market is primarily driven by the expanding oil
and gas industry across the globe as several
countries are making investments to explore new
oilfield reserves to cater to the rising demand
for oil and gas. In addition, favorable
initiatives introduced by the governments of
numerous countries to generate electricity from
renewable resources represent another major
growth-inducing factor. Besides this, the market
is further propelled by various technological
advancements, such as the integration of the
Internet of Things (IoT). Moreover, the rising
adoption of oil and gas EPC in the upstream
sector on account of various benefits, such as
enhanced accessibility to sites and lower
investments and risks, is also contributing to
the market growth. Furthermore, the rapidly
expanding automotive industry, the growing
consumption of petroleum products, and the
implementation of government initiatives to
promote the oil and gas projects are some of the
other factors anticipated to propel the market
growth in the coming years. Looking forward, the
market value is projected to reach a strong
growth during the forecast period (2022-2027).
5Report Description and Highlights
Report Description
Market Summary Breakup by Sector Upst
ream Midstream Downstream Bre
akup by Service Type Engineering
Procurement Construction F
abrication Breakup by Location Onshore
Offshore Breakup by Region
North America United States
6Report Description and Highlights
Report Description
- Competitive Landscape with Key Players
- Fluor Corporation Hyundai Heavy Industries Co. Ltd
. John Wood Group PLC KBR Inc. Larsen Toubro Lim
ited McDermott International Ltd. National Petrole
um Construction Company Petrofac Limited Saipem S.
p.A. (Eni S.p.A.) Samsung Engineering Co. Ltd. Tec
hnipFMC plc TĆ©cnicas Reunidas S. A. WorleyParsons
Limited. - View Full Report with TOC List of Figure
https//www.imarcgroup.com/oil-gas-epc-market
7Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
8Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
9Report Description and Highlights
Report Description
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