Global Oil & Gas EPC Market - Market Analysis by Geography, by End User (upstream, midstream and downstream), Competitive Landscape, Key Company Information - Growth Trends and Forecasts (2017 - 2022)

Published - Jan 2017 | Category - Energy and Power | No. of Pages - 138 | Published By - Mordor Intelligence

Report Highlights

Oil & Gas EPC (Engineering, Procurement and Construction) Industry activities include, but not limited to: project management, process engineering, procurement of necessary materials, construction, commissioning, start up and maintenance. Increase in Oil & Gas investments and demand along with rapid globalization is driving the EPC activities in this sector.

While the current trends offer many opportunities to the EPC  players, on the flipside EPC companies have to address many challenges while executing large scale projects from inflated bidding process to backlogs and lack of skilled labor. Moreover, the entire risk of loss is bared by the contractor which is discouraging entry of small local players into the market.

Like in other Oil & Gas related sectors North America is leading global EPC market with USA being the dominant player in this region because of shale boom and increasing exploration and production activities in Gulf of Mexico. Driven by economies of India and China Asia Pacific has one of the highest growth rate and market share in Oil & Gas EPC. Oil rich Middle East and North Africa also has a significant share geographically.

This report comprehensively analyzes the Oil & Gas EPC market by segmenting it based on geography and end user (upstream, midstream and downstream). Key drivers and restraints that are effecting the growth of this market were discussed in detail. The study also elucidates on competitive landscape and key market players.  
 

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