PUNE, India, Aug. 30, 2022 (GLOBE NEWSWIRE) — According to Fortune Business Insights, the is global Oil & Gas EPC Market Size is expected to reach USD 80.77 billion by 2029, registering a CAGR of 7.2% over the forecast period. The market size was USD 46.60 billion in 2021 and USD 49.58 billion in 2022. Factors such as increasing use of hydrocarbons and rising shares of oil and gas are expected to drive market growth over the forecast period. Additionally, factors such as increasing oil and gas exploration activity will increase the presence of the market. This important information is presented by Fortune Business Insights™ in its report titled Oil & Gas EPC Market, 2021-2029.
Oil & Gas Engineering, Procurement & Construction (EPC) encompasses engineering, procurement and construction activities for the upstream, midstream and downstream oil and gas sectors. These activities include design, manufacture, construction, installation, equipment production, pre-commissioning and maintenance contracts. Various oil and gas operators award EPC contracts to service providers for different applications. These service providers form the competitive landscape of this industry.
Request a sample copy of the research report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/oil-gas-epc-market-100930
List of the major players in the market
- Petrofac (UK)
- wood (UK)
- Larsen & Toubro (India)
- McDermott (USA)
- Saipem (Italy)
- NPCC (UAE)
- Worley Parsons (Australia)
- TechnipFMC (UK)
- KBR (USA)
- Lamprell (UAE)
- Aker (Norway)
- Subsea7 (UK)
- Fluor Corporation (USA)
Scope and segmentation of the report:
| report coverage | details |
| forecast period | 2022-2029 |
| Forecast period 2022 TO 2029 CAGR | 7.2% |
| Value prognosis 2029 | $80.77 billion |
| base year | 2021 |
Full story available at Benzinga.com
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