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

EPC Consulting Market, By Service Type (Consulting, Maintenance, Design & Engineering, Procurement, Construction, , Others (Field Inspection, Planning Services) Consulting), By End User Industry (Oil & Gas, Power, Infrastructure, Chemicals, Metals & Mining, Pharma, Petrochemicals, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).

North America: This region is expected to be the largest market for EPC (engineering, procurement, and construction) consulting market during the forecast period, accounting for over 35% of the market share in 2023. The growth of the market in North America is due to the well-developed energy and utilities sector, presence of leading EPC companies, and increasing number of power generation and transmission projects in the region.
Europe: Europe market is expected to be the second-largest market for EPC (engineering, procurement, and construction) consulting market, accounting for over 25% of the market share in 2023. The growth of the market in Europe is due to the rising investments in renewable energy projects, redevelopment of aging infrastructure, and strict regulations regarding energy efficiency and emissions.
Asia Pacific: This region is expected to be the fastest-growing market for EPC (engineering, procurement, and construction) consulting market, with a CAGR of over 12% during the forecast period. The growth of the market in Asia Pacific is due to rapid industrialization, growing power demand, and government support for infrastructure development in the region.

Figure 1. EPC (engineering, procurement, and construction) Consulting Market Share (%), By Region, 2023