EPC CONSULTING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Market News

Recent Developments

New product launches

• In November 2022, Worley and AVEVA launched an integrated engineering and operations solution for the energy and process industries. The solution aims to improve capital project delivery and handover to operations through digital workflows.
• In June 2021, Fluor Corporation, an American multinational engineering and construction firm that provides services through its subsidiaries in the following areas: oil and gas, industrial and infrastructure, government and power, launched NuScale Power\'s small modular reactor design, the first to receive design approval from the U.S. Nuclear Regulatory Commission. The launch strengthens Fluor Corporation\'s position in providing nuclear power solutions.
• In January 2020, Aecom, infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management introduced a proprietary solution for integrating renewable energy sources into micro grid systems for resilient and sustainable energy infrastructure. The solution optimizes project lifecycle costs and energy usage.

Acquisition and partnerships

• In August 2021, Jacobs acquired BlackLynx, a leading provider of infrastructure asset management in Australia. The acquisition expands Jacobs\’ digital capabilities in asset performance modeling.
• In November 2020, Fluor Corporation, provides services through its subsidiaries in the following areas: oil and gas, industrial and infrastructure, government and power, formed a strategic partnership with IHI (Ishikawajima-Harima Heavy Industries Co., Ltd.) Corporation, a Japanese engineering corporation that produces and offers ships, space launch vehicles, aircraft engines, marinediesel engines, gas turbines, gas engines, railway systems, turbochargers for automobiles, plant engineering, industrial machinery, power station boilers and other facilities, suspension bridges and other structures, under which the companies will jointly provide services to liquefied natural gas projects worldwide. The partnership enables both companies to leverage each other\'s expertise.