Epc Engineering Procurement And Construction Market

ID: MRFR/IA - E/23779-HCR

128 Pages

Snehal Singh

September 2025

Epc Engineering Procurement And Construction Market Research Report By Project Type (Greenfield Projects, Brownfield Projects), By Industry (Oil and Gas, Chemicals, Power, Mining, Infrastructure), By Service Type (Engineering, Procurement, Construction, Turnkey, Operations and Maintenance), By Ownership Structure (Public, Private, Public-Private Partnership (PPP)), By Contract Value ($1-10 million, $10-50 million, $50-100 million, Above $100 million) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa...

Epc Engineering Procurement And Construction Market Research Report — Global Forecast till 2034 Infographic

Single User

$ 4,950.0

Multiple License

$ 5,950.0

Enterprise User

$ 7,250.0

Summary Table of Contents Segmentation Infographic

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

Customize Report

Certified Researchers

Epc Engineering Procurement And Construction Market Summary

The Global EPC Engineering Procurement and Construction Market is projected to grow significantly from 165.3 USD Billion in 2024 to 297.3 USD Billion by 2035.

Key Market Trends & Highlights

Epc Engineering Procurement And Construction Key Trends and Highlights

The market is expected to experience a compound annual growth rate of 5.48 percent from 2025 to 2035.
By 2035, the market valuation is anticipated to reach 297.3 USD Billion, indicating robust growth potential.
In 2024, the market is valued at 165.3 USD Billion, reflecting a strong foundation for future expansion.
Growing adoption of advanced construction technologies due to increasing infrastructure investments is a major market driver.

Epc Engineering Procurement And Construction Market

CAGR

5.48%

Market Size & Forecast

2024 Market Size	165.3 (USD Billion)
2035 Market Size	297.3 (USD Billion)
CAGR (2025-2035)	5.48%

Major Players

Fluor Corporation, Jacobs Engineering Group Inc., WSP Global, Foster Wheeler AG, Technip Energies, Fluor Canada Ltd., KBR, Inc., Maire Tecnimont SpA, SNCLavalin, Wood Group, Bechtel Group, EPC, Inc., TechnipFMC, McDermott International

Epc Engineering Procurement And Construction Market Trends

The global EPC (Engineering, Procurement, and Construction) Engineering, Procurement and Construction Market is expected to continue expanding, driven by the surge in infrastructure development, industrial projects, and renewable energy initiatives. Key market drivers include government investments in transportation, energy, and water infrastructure, as well as the rising demand for sustainable and efficient construction solutions.Opportunities for growth lie in the expansion of digital technologies, such as Building Information Modeling (BIM) and virtual reality (VR), which enhance project efficiency and collaboration.

Additionally, the growing adoption of modular and prefabricated construction methods presents opportunities for faster and cost-effective project delivery.Recent trends in the EPC market indicate a shift towards integrated project delivery models, where EPC contractors assume greater responsibility for design, procurement, and construction. This trend is driven by the need for seamless project execution and reduced risk. Furthermore, the increasing focus on environmental sustainability is driving the adoption of green building practices and the use of eco-friendly materials in EPC projects.

The global EPC market is poised for growth as infrastructure development and energy transition initiatives gain momentum across various regions.

U.S. Department of Energy

Epc Engineering Procurement And Construction Market Drivers

Rising Infrastructure Investment

The Global Epc Engineering Procurement And Construction Market Industry is experiencing a surge in infrastructure investment, driven by urbanization and population growth. Governments worldwide are allocating substantial budgets to enhance transportation networks, energy facilities, and public utilities. For instance, in 2024, the market is projected to reach 165.3 USD Billion, reflecting a robust commitment to infrastructure development. This trend is expected to continue, with investments projected to escalate as nations prioritize modernization and sustainability. The increasing demand for efficient and resilient infrastructure is likely to propel the EPC sector, fostering a conducive environment for growth.

Market Segment Insights

Epc Engineering Procurement And Construction Market Project Type Insights

Greenfield Projects to Dominate EPC Engineering, Procurement, and Construction Market Types Insights Greenfield projects involve new construction on completely undeveloped land, and brownfield projects are an extension or revamping of existing ones. As of 2023, the greenfield projects segment held a prominent share of the EPC Engineering, Procurement, and Construction market: it was approximately 62.5% of the total revenue.

The demand for primarily new infrastructure, Industrial Waste Management, or residential, in developing countries contributed the most to this outcome.At the same time, the brownfield projects segment is predicted to achieve the fastest CAGR of 6.2% over the end of the forecast.

The necessity to modernize and expand existing facilities to live up to evolving demand and environmental criteria will be the primary factor driving this trend. It is complicated to execute brownfield projects due to the need to implement advanced technology in a previously working utility and make these innovations as non-disruptive as possible.

It is essential to note that the EPC Engineering, Procurement, and Construction market for both greenfield and brownfield projects are positively affected by increasing urbanization, industrialization, and the initiatives of various governments to develop infrastructure.It is also promoted by novel technologies in design, engineering, and construction, that enhance efficiency and lower expenses.

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Epc Engineering Procurement And Construction Market Industry Insights

The Epc Engineering Procurement And Construction Market is segmented into various industries, including Oil and Gas, Chemicals, Power, Mining, and Infrastructure. These industries have unique requirements and contribute significantly to the overall market revenue. Oil and Gas segment remains a major contributor to the Epc Engineering Procurement And Construction Market, driven by the need for new infrastructure and the development of unconventional energy sources. In 2023, the Oil and Gas industry accounted for around 28% of the global market revenue.Chemicals industry is another key segment, with a growing demand for EPC services in the construction and expansion of chemical plants.

The Chemicals segment is expected to witness steady growth in the coming years, reaching a projected valuation of 25.32 Billion USD by 2024. Power industry is also a significant segment, driven by the increasing demand for electricity and the need for new power generation facilities. The Power segment is anticipated to account for a revenue of 20.2 Billion USD in 2024. Mining industry is another growing segment, with the increasing demand for EPC services in the development of new mines and the expansion of existing ones.

The Mining segment is projected to reach a market size of 15.4 Billion USD by 2024. Infrastructure segment is also a notable segment, encompassing projects such as transportation, water treatment, and telecommunications. The Infrastructure segment is expected to witness steady growth, driven by the need for improved infrastructure in both developed and developing countries.

Epc Engineering Procurement And Construction Market Service Type Insights

The Epc Engineering Procurement And Construction Market is segmented by Service Type into Engineering, Procurement, Construction, Turnkey, and Operations and Maintenance. The Engineering segment held the largest market share in 2023, accounting for 28% of the Epc Engineering Procurement And Construction Market revenue, and is projected to continue to dominate the market throughout the forecast period. The Procurement segment is expected to experience the highest growth rate during the forecast period, with a CAGR of 6.2%, owing to the increasing demand for efficient and cost-effective procurement services.

The Construction segment is expected to account for a significant share of the Epc Engineering Procurement And Construction Market revenue in 2024, with a market size of approximately 65 billion USD. The Turnkey segment is expected to witness steady growth due to the increasing adoption of turnkey solutions by various industries. The Operations and Maintenance segment is expected to account for a relatively smaller share of the Epc Engineering Procurement And Construction Market revenue throughout the forecast period.

Epc Engineering Procurement And Construction Market Ownership Structure Insights

The Epc Engineering Procurement And Construction Market is segmented by Ownership Structure into Public, Private, and Public-Private Partnership (PPP). Among these segments, the Public segment is expected to hold the largest market share in 2023, owing to the increasing investments in infrastructure development by governments worldwide.

The Private segment is also expected to witness significant growth, driven by the rising demand for EPC services from private companies in sectors such as energy, mining, and manufacturing. The Public-Private Partnership (PPP) segment is expected to grow at a steady pace, as governments and private companies collaborate to develop and finance infrastructure projects.

Epc Engineering Procurement And Construction Market Contract Value Insights

The Epc Engineering Procurement And Construction Market segmentation by Contract Value is a crucial aspect to understand the market dynamics and growth potential. In 2023, the '$1-10 million' segment held a significant market share, accounting for approximately 35% of the Epc Engineering Procurement And Construction Market revenue. This segment is expected to continue its steady growth in the coming years, driven by the increasing number of small and medium-scale infrastructure projects. The '$10-50 million' segment is another key segment, contributing around 28% of the market revenue in 2023.

This segment is expected to witness a robust growth rate during the forecast period, owing to the rising demand for mid-sized industrial and commercial projects. The '$50-100 million' segment is anticipated to grow steadily, capturing a market share of approximately 22% in 2023. This growth is attributed to the increasing investment in large-scale infrastructure projects, such as power tool plants, refineries, and transportation networks.

The 'Above $100 million' segment is expected to experience significant growth, accounting for around 15% of the Epc Engineering Procurement And Construction Market revenue in 2023.This segment is driven by the increasing demand for complex and high-value projects, particularly in the energy and mining sectors.

Get more detailed insights about Epc Engineering Procurement And Construction Market Research Report — Global Forecast till 2034

Request Free Sample

Regional Insights

The Epc Engineering Procurement And Construction Market is segmented into North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America held the largest market share in 2023, and is expected to continue to dominate the market throughout the forecast period. The growth is driven by the increasing demand for infrastructure development in the region. Europe is also a significant market for Epc Engineering Procurement And Construction Market, and is expected to witness steady growth in the coming years.

The growth is driven by the increasing demand for energy-efficient buildings and the growing focus on renewable energy sources.APAC is expected to be the fastest-growing region in the Epc Engineering Procurement And Construction Market during the forecast period. The growth is driven by the increasing demand for infrastructure development in the region, particularly in countries such as China and India. South America and MEA are also significant markets for Epc Engineering Procurement And Construction Market, and are expected to witness steady growth in the coming years.

Epc Engineering Procurement And Construction Market 3

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Key Players and Competitive Insights

Major players in Epc Engineering Procurement And Construction Market industry are continuously looking for opportunities to expand their market presence. Leading Epc Engineering Procurement And Construction Market players are focusing on strategic collaborations, acquisitions, and partnerships to gain competitive edge. They are also investing in research and development to develop innovative technologies and solutions for customers.

The Epc Engineering Procurement And Construction Market competitive landscape is expected to remain dynamic in the coming years, as new players enter the market and existing players expand their offerings.Fluor Corporation is a leading provider of engineering, procurement, and construction (EPC) services worldwide. The company has a strong track record of successfully delivering complex projects in a variety of industries, including oil and gas, chemicals, mining, and pharmaceuticals.

Fluor has a global presence with offices in over 50 countries, and its team of experienced professionals is committed to delivering innovative and cost-effective solutions for its clients.Jacobs Engineering Group Inc. is another major player in the Epc Engineering Procurement And Construction Market industry. The company provides a wide range of EPC services, including design, engineering, construction, and maintenance. Jacobs has a strong presence in the energy, chemicals, and mining industries, and it has successfully delivered some of the world's most complex projects.

The company is committed to delivering sustainable solutions for its clients, and it is continuously investing in research and development to develop innovative technologies.

Key Companies in the Epc Engineering Procurement And Construction Market market include

Industry Developments

The global EPC Engineering, Procurement, and Construction market is anticipated to garner substantial growth in the coming years, owing to the escalating demand for infrastructure development and industrial projects.

Recent developments in the market include:- Strategic Partnerships: Major EPC players are forming partnerships with technology providers to enhance their digital capabilities and improve project execution efficiency.- Focus on Sustainability: EPC companies are increasingly adopting sustainable practices, such as using eco-friendly materials and implementing energy-efficient solutions, to meet the growing demand for environmentally conscious projects.- Technological Advancements: The adoption of advanced technologies, such as Building Information Modeling (BIM) and drones, is optimizing project planning, reducing costs, and enhancing productivity.-

Government Initiatives: Governments worldwide are investing heavily in infrastructure development, creating significant opportunities for EPC companies. For instance, the Indian government's National Infrastructure Pipeline aims to invest $1.4 trillion in infrastructure projects by 2025.

Future Outlook

Epc Engineering Procurement And Construction Market Future Outlook

The EPC Engineering Procurement and Construction Market is projected to grow at a 5.48% CAGR from 2024 to 2035, driven by infrastructure investments, technological advancements, and sustainability initiatives.

New opportunities lie in:

Invest in digital twin technology to enhance project efficiency and reduce costs.
Develop sustainable construction practices to meet regulatory demands and attract eco-conscious clients.
Expand service offerings in emerging markets to capitalize on infrastructure development trends.

By 2035, the market is expected to exhibit robust growth, positioning itself as a leader in global construction services.

Market Segmentation

Epc Engineering Procurement And Construction Market Industry Outlook

Oil and Gas
Chemicals
Power
Mining
Infrastructure

Epc Engineering Procurement And Construction Market Regional Outlook

North America
Europe
South America
Asia Pacific
Middle East and Africa

Epc Engineering Procurement And Construction Market Project Type Outlook

Greenfield Projects
Brownfield Projects

Epc Engineering Procurement And Construction Market Service Type Outlook

Engineering
Procurement
Construction
Turnkey
Operations and Maintenance

Epc Engineering Procurement And Construction Market Contract Value Outlook

$1-10 million
$10-50 million
$50-100 million
Above $100 million

Epc Engineering Procurement And Construction Market Ownership Structure Outlook

Public
Private
Public-Private Partnership (PPP)

Report Scope

Report Attribute/Metric	Details
Market Size 2024	165.28 (USD Billion)
Market Size 2025	174.34 (USD Billion)
Market Size 2034	281.85 (USD Billion)
Compound Annual Growth Rate (CAGR)	5.48% (2025 - 2034)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2034
Historical Data	2019 - 2023
Market Forecast Units	USD Billion
Key Companies Profiled	WSP Global ,Foster Wheeler AG ,Technip Energies ,Fluor Canada Ltd. ,KBR, Inc. ,Maire Tecnimont SpA ,SNCLavalin ,Wood Group ,Jacobs Engineering Group ,Bechtel Group ,Fluor Corporation ,EPC, Inc. ,TechnipFMC ,McDermott International
Segments Covered	Project Type ,Industry ,Service Type ,Ownership Structure ,Contract Value ,Regional
Key Market Opportunities	Renewable energy infrastructure development Oil and gas exploration and production Smart city development Cloudbased engineering tools adoption Government initiatives for sustainable construction
Key Market Dynamics	Increasing infrastructure investment Growing demand for renewable energy projects Technological advancements Mergers and acquisitions and Government regulations
Countries Covered	North America, Europe, APAC, South America, MEA

FAQs

What is the market size of the Epc Engineering Procurement And Construction Market?

The Epc Engineering Procurement And Construction Market size was valued at USD 165.28 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 5.48% from 2025 to 2034, reaching USD 281.85 billion by 2034.

Which region is expected to dominate the Epc Engineering Procurement And Construction Market?

Asia Pacific is expected to dominate the Epc Engineering Procurement And Construction Market over the forecast period due to the increasing demand for infrastructure development, urbanization, and industrialization in the region.

What are the key applications of Epc Engineering Procurement And Construction?

Key applications of Epc Engineering Procurement And Construction include oil and gas, power generation, petrochemicals, mining, and pharmaceuticals.

Who are the major competitors in the Epc Engineering Procurement And Construction Market?

Major competitors in the Epc Engineering Procurement And Construction Market include Bechtel, Fluor Corporation, TechnipFMC, McDermott International, and Samsung Engineering.

What are the factors driving the growth of the Epc Engineering Procurement And Construction Market?

Factors driving the growth of the Epc Engineering Procurement And Construction Market include increasing demand for infrastructure development, urbanization, and industrialization, as well as the need for efficient and cost-effective project management.

What are the challenges faced by the Epc Engineering Procurement And Construction Market?

Challenges faced by the Epc Engineering Procurement And Construction Market include project delays, cost overruns, and skilled labor shortages.

What are the latest trends in the Epc Engineering Procurement And Construction Market?

Latest trends in the Epc Engineering Procurement And Construction Market include the adoption of digital technologies, such as building information modeling (BIM) and artificial intelligence (AI), to improve project efficiency and productivity.

What is the expected growth rate of the Epc Engineering Procurement And Construction Market?

The Epc Engineering Procurement And Construction Market is expected to grow at a CAGR of 5.48% from 2025 to 2034.

What are the key opportunities for growth in the Epc Engineering Procurement And Construction Market?

Key opportunities for growth in the Epc Engineering Procurement And Construction Market include the development of smart cities, the expansion of renewable energy projects, and the increasing demand for sustainable construction practices.

What are the key challenges faced by the Epc Engineering Procurement And Construction Market?

Key challenges faced by the Epc Engineering Procurement And Construction Market include geopolitical uncertainties, supply chain disruptions, and the impact of climate change.

Free Sample Request

Kindly complete the form below to receive a free sample of this Report

Customer Stories

“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

Victoria Milne Founder

Case Study

Chemicals and Materials

Global Magnesium Sulfate Market – Forecast till 2027