Oil & Gas EPC Market Overview and Detailed Insights on Upcoming Trends till 2026, Fortune Business Insights

(The Express Wire via Comtex)

The report on the oil and gas EPC market is titled, “Oil and Gas EPC Market Size, Share and Global Trend By Sector (Upstream, Mid-stream, Downstream), By Location (Onshore, Offshore), and Geography Forecast till 2028.” The report provides a comprehensive overview of the global market with major emphasis on growth drivers, restraints, trends, and opportunities. It also lists the names of companies functioning in the oil and gas EPC market. Information provided in the report is extracted from primary and secondary research methods and is trustworthy. The report is available for sale on the Fortune Business Insights’ website.

Integrated engineering, procurement, construction, and installation (iEPCI™) contract was awarded to TechnipFMC (NYSE: FTI) (PARIS: FTI) by BP. This contract was awarded for the Thunder Horse South Expansion 2 Project, situated in the Gulf of Mexico. Such innovative projects are anticipated to bode well for the global "oil and gas" Engineering Procurement, construction, or EPC market predicts Fortune Business Insights in their recent study.

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The report highlights significant players operating in the global oil and gas EPC market. Some of these players include:

  • Wood
  • JGC Corporation
  • TechnipFMC,
  • Mott Macdonald
  • CPECC
  • Saipem
  • Larsen and Toubro
  • Galfar
  • Aker and OIEC
  • SNC-Lavalin
  • WorleyParsons
  • NPCC
  • McDermott
  • Lamprell
  • Dodsal Group
  • Jacobs
  • KBR

According to the report, the global oil and gas EPC market is categorized on the basis of sector, location, and geography. In terms of location, the market is further bifurcated into offshore and onshore. Based on the sector, the market is classified into downstream, midstream, and upstream.

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Oil and Gas EPC Market Landscape and Market Scenario Includes:

  • Current market size estimate
  • Revenues by players Top Companies
  • Market size by product categories
  • Oil and Gas EPC Market size by regions/country

Increasing Production of Cars Running on Petrol and Diesel Drives Market

The rapidly growing population and increasing power consumption per capita are propelling the demand for energy by the day. The energy generation from oil and gas is still dominating power production although there is a rise in the trend of generating power from renewable sources. The rise in the production of cars is having a positive influence on the consumption of CNG, diesel, and petrol. Thus, engineering, procurement, and construction for oil and gas manufacturing companies play a pivotal role in increasing the demand for gas and oil. The aforementioned factor is considered an important factor boosting the global oil and gas EOC market growth in the forecast period.

The rise in demand for oil and gas in nations such as China, India, and the U.S.A is another factor boosting the global oil and gas EPC market and further projected to continue doing so during the forecast duration. Moreover, the economic extraction of shale gas is also anticipated to positively influence the EPC market. Besides this, the emerging long-distance subsea and surface pipelines for transporting natural and crude oil is considered a new path for midstream EPC. This, in turn, is likely to promote the growth of the market in the long run.

Important Features that are under Offering and Key Highlights of the Market Report:

  • Detailed overview of Market Share
  • Changing market dynamics of the industry
  • In-depth market segmentation by Type, Application, etc.
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape of Market
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising market growth

Proposal of New Pipelines in the Asia Pacific and the Middle East and Africa will Help Market in these Regions Grow Significantly

The report predicts the upstream EPC market to be dominated by North America owing to the development of affordable shale gas extraction and exploration technology. On the other side, the refurbishment and up-gradation of aging gas and oil pipelines in North America and Europe have accelerated the mid-stream EPC market. Additionally, the proposal of new pipelines in Middle East and Africa, and the Asia Pacific are prognosticated to promote the growth of the mid-stream EPC market. The rise in petroleum refining activities in China, the USA, and India is estimated to accelerate downstream EPC activities in the foreseeable future.

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Queries Addressed In Market Report:

  • What opportunities are present for the market players to enhance their business footprint?
  • What manufacturing techniques are being implemented in the development of advanced Construction Equipment?
  • Which segment is witnessing huge traction from the consumers?
  • For what purposes, is the market being utilized?
  • How many units are estimated to be sold in 2021?

Key Market Driver Increase in demand for oil and natural gas

Key Market Restraint Volatile crude oil prices

Key Segmental Overview:

1. By Sector

  • Upstream
  • Mid-stream
  • Downstream

2. By Location

  • Onshore
  • Offshore

3. By Geography

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain and Rest of Europe)
  • Asia Pacific (China, India, Japan, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East and Africa (GCC, South Africa, and Rest of the Middle East and Africa)

Key Features of Market Research Report:

  • This report provides a detailed analysis of the Oil and Gas EPC market and has a comprehensive understanding of the market and its commercial landscape.
  • Learn about the various Oil and Gas EPC Market Strategies that are being adopted by leading companies.
  • It provides a five-year forecast assessed based on how the market is predicted to grow.
  • It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.
  • To understand the future scope and outlooks for the Oil and Gas EPC market.
  • Market Forecast by regions, type, and application, with sales and revenue, from 2021 to 2028.
  • Market Share, distributors, major suppliers, changing price patterns, and the supply chain of raw materials is highlighted in the report.
  • Market Size (sales, revenue) forecast by regions and countries from 2021 to 2023 of industry.
  • The global Oil and Gas EPC Market Growth is anticipated to rise at a considerable rate during the forecast period, between 2021 and 2023. In 2021, the market was growing at a steady rate and with the rising adoption of Strategies by key players, the market is expected to rise over the projected horizon.
  • Market Trends for Development and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.
  • Oil and Gas EPC Market Report also mentions market share accrued by each product in the market, along with the production growth.

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing recent product innovations and gives an overview on potential regional market shares.

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Major Table of Content For Oil and Gas EPC Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Oil and Gas EPC Market analysis, Insights, and Forecast, 2028
  6. North America Oil and Gas EPC Market analysis, Insights, and Forecast, 2028
  7. Europe Oil and Gas EPC Market analysis, Insights, and Forecast, 2028
  8. Asia Pacific Oil and Gas EPC Market analysis, Insights, and Forecast, 2028
  9. The Middle East and Africa Oil and Gas EPC Market analysis, Insights and Forecast, 2028
  10. Latin America Oil and Gas EPC Market analysis, Insights, and Forecast, 2028
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact Analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

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