Oil and Gas EPC Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The oil and gas industry is witnessing technological advancements that demand greater sophistication in the approaches followed by Engineering, Procurement, and Construction (EPC) contractors. To undertake large-scale and complex projects, EPC contractors need to build skilled labor forces and resilient project management bases. The success of these contractors in achieving this feat will play a crucial role in driving market growth. While challenges such as exorbitant bidding processes and shortage of proficient personnel hinder the development of small-scale businesses in the oil and gas EPC market, the industry is actively working to accommodate the needs of EPC contractors and drive market demand.

Focus on Digitalization and Low-Carbon Projects Shape the Oil and Gas EPC Market

The investment in digitalization for shale gas exploration is a key driver of growth for the oil and gas EPC market. However, supply chain disruptions caused by the COVID-19 pandemic halted shale gas transmission and affected the development plans of EPC contractors in the industry. In response, EPC suppliers are leveraging digital offerings for operational paradigms and packages to meet customer demands. Additionally, they are focusing on adhering to geopolitical prerequisites to ensure uninterrupted trade. The EPC domain has also undergone a transformation, with companies like Petrofac, Aker Solutions, and TechnipFMC revamping their operations to accommodate low-carbon projects.

Evolution of Upstream, Midstream, and Downstream Activities Spurs Growth

The emergence of new onshore and offshore oil and gas assets has led to the evolution of upstream, midstream, and downstream activities. Consequently, EPC firms are expected to experience exponential growth and generate significant turnovers in the coming years.

North America Leads the Global Market with Shale Gas Exploration

North America, particularly the Gulf of Mexico, dominates the global oil and gas EPC market due to its status as a hub for Exploration and Production (E&P) activities and a center for shale gas. Asia Pacific is also a promising market with advancements in oil and gas operations, particularly in emerging economies such as India and China. Additionally, North Africa and oil-rich Arab countries hold a significant share in the international market, with national oil companies strategically driving the growth of EPC contractors in the region through vertical integration.

Front-runners in the Oil and Gas EPC Market

Leading contractors in the oil and gas EPC market include: Woodside, Equinor ASA, CNOOC Limited, Petrobras, and ExxonMobil Corporation. Other notable competitors in the market include Saipem SpA, TechnipFMC Plc, McDermott International, Petrofac Limited, Mott MacDonald, WorleyParsons Limited, John Wood Group PLC, Aker Solutions, TechnipFMC, LARSEN & TOUBRO LIMITED, Inc., and Fluor Corporation. The strategic moves undertaken by these contractors will play a key role in shaping the future growth of the market.

1. Executive Summary

1.1. Global Oil & Gas EPC Market: Snapshot
1.2. Future Projections, 2023 - 2030, (US$ Mn)
1.3. Key Segment Analysis and Competitive Insights
1.4. Premium Insights

2. Market Overview

2.1. Market Definitions and Segmentation
2.2. Market Dynamics
- 2.2.1. Driver
- 2.2.2. Restraint
- 2.2.3. Industry Challenges & Opportunities
2.3. Market Forces Analysis
- 2.3.1. Value Chain Analysis
- 2.3.2. Porters Five Forces Analysis
2.4. Challenges and Solutions
2.5. Supply Chain Impact Analysis
2.6. COVID-19 Impact Analysis
- 2.6.1. Pre and Post Covid-19 Analysis
2.7. Regulatory Scenario
2.8. Economic Analysis

3. Global Oil & Gas EPC Market Outlook, 2018 - 2030

3.1. Global Oil & Gas EPC Market Outlook, by Sector, Value (US$ Mn), 2018 - 2030
- 3.1.1. Key Highlights
  - 3.1.1.1. Upstream
  - 3.1.1.2. Midstream
  - 3.1.1.3. Downstream
- 3.1.2. Market Attractiveness Analysis
3.2. Global Oil & Gas EPC Market Outlook, by Location, Value (US$ Mn), 2018 - 2030
- 3.2.1. Key Highlights
  - 3.2.1.1. Onshore
  - 3.2.1.2. Offshore
- 3.2.2. Market Attractiveness Analysis
3.3. Global Oil & Gas EPC Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa
- 3.3.2. Market Attractiveness Analysis

4. North America Oil & Gas EPC Market Outlook, 2018 - 2030

4.1. North America Oil & Gas EPC Market Outlook, by Sector, Value (US$ Mn), 2018 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Upstream
  - 4.1.1.2. Midstream
  - 4.1.1.3. Downstream
4.2. North America Oil & Gas EPC Market Outlook, by Location, Value (US$ Mn), 2018 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Onshore
  - 4.2.1.2. Offshore
4.3. North America Oil & Gas EPC Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S.
  - 4.3.1.2. Canada

5. Europe Oil & Gas EPC Market Outlook, 2018 - 2030

5.1. Europe Oil & Gas EPC Market Outlook, by Sector, Value (US$ Mn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Upstream
  - 5.1.1.2. Midstream
  - 5.1.1.3. Downstream
5.2. Europe Oil & Gas EPC Market Outlook, by Location, Value (US$ Mn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Onshore
  - 5.2.1.2. Offshore
5.3. Europe Oil & Gas EPC Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany
  - 5.3.1.2. France
  - 5.3.1.3. U.K.
  - 5.3.1.4. Norway
  - 5.3.1.5. Turkey
  - 5.3.1.6. Russia
  - 5.3.1.7. Rest of Europe
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Oil & Gas EPC Market Outlook, 2018 - 2030

6.1. Asia Pacific Oil & Gas EPC Market Outlook, by Sector, Value (US$ Mn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Upstream
  - 6.1.1.2. Midstream
  - 6.1.1.3. Downstream
6.2. Asia Pacific Oil & Gas EPC Market Outlook, by Location, Value (US$ Mn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Onshore
  - 6.2.1.2. Offshore
6.3. Asia Pacific Oil & Gas EPC Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. China
  - 6.3.1.2. India
  - 6.3.1.3. Singapore
  - 6.3.1.4. Malaysia
  - 6.3.1.5. Rest of Asia Pacific
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Oil & Gas EPC Market Outlook, 2018 - 2030

7.1. Latin America Oil & Gas EPC Market Outlook, by Sector, Value (US$ Mn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Upstream
  - 7.1.1.2. Midstream
  - 7.1.1.3. Downstream
7.2. Latin America Oil & Gas EPC Market Outlook, by Location, Value (US$ Mn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Onshore
  - 7.2.1.2. Offshore
7.3. Latin America Oil & Gas EPC Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil
  - 7.3.1.2. Mexico
  - 7.3.1.3. Rest of Latin America
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Oil & Gas EPC Market Outlook, 2018 - 2030

8.1. Middle East & Africa Oil & Gas EPC Market Outlook, by Sector, Value (US$ Mn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Upstream
  - 8.1.1.2. Midstream
  - 8.1.1.3. Downstream
8.2. Middle East & Africa Oil & Gas EPC Market Outlook, by Location, Value (US$ Mn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Onshore
  - 8.2.1.2. Offshore
8.3. Middle East & Africa Oil & Gas EPC Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. Saudi Arabia
  - 8.3.1.2. UAE
  - 8.3.1.3. Qatar
  - 8.3.1.4. Iran
  - 8.3.1.5. Nigeria
  - 8.3.1.6. Rest of Middle East & Africa
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Company Market Share Analysis, 2022
9.2. Competition Matrix (By Tier and Size of companies)
9.3. Strategic Collaborations
- 9.3.1. Joint Ventures
- 9.3.2. Mergers & Acquisitions
9.4. Company Profiles
- 9.4.1. SK E&C
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. Samsung Engineering
- 9.4.3. Petrofac Limited
- 9.4.4. Larsen & Toubro Ltd
- 9.4.5. McDermott International, Ltd.
- 9.4.6. John Wood Group plc
- 9.4.7. Saipem S.p.A.
- 9.4.8. SNC-Lavalin Group Inc.
- 9.4.9. National Petroleum Construction Company
- 9.4.10. WorleyParsons Limited
- 9.4.11. KBR, Inc.
- 9.4.12. TechnipFMC plc
- 9.4.13. Hyundai Heavy Industries
- 9.4.14. Fluor

10. Appendix

10.1. Acronyms and Abbreviations
10.2. Research Scope & Assumptions
10.3. Research Methodology and Information Sources