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

EPC (engineering, procurement, and construction) consulting, also known as engineering, procurement, and construction consulting, is a specialized service that offers comprehensive solutions for complex infrastructure projects. It involves the integration of engineering, procurement, and construction activities, thus ensuring smooth project execution from start to finish.

The EPC (engineering, procurement, and construction) consulting market has witnessed significant growth as in 2023 due to the increasing demand for infrastructure development across various industries. The market is driven by factors such as the need for efficient project management, cost optimization, and technological advancements in the construction sector.

With the rise in complex infrastructure projects, organizations are relying on EPC (engineering, procurement, and construction) consulting services to streamline their operations and ensure timely project completion. These services provide expertise in project planning, risk management, resource allocation, and quality control, among others.

Market Dynamics:

The market dynamics of the EPC (engineering, procurement, and construction) consulting market are characterized by a complex interplay of drivers, constraints, opportunities, and challenges. The key driver is the substantial worldwide investment in infrastructure projects, driven  by the need for sustainable energy sources, urban development, and industrial growth. This is complemented by technological advancements, such as Building Information Modeling (BIM), which necessitate professional consulting services to streamline integration and optimize project outcomes. The market is constrained by the high upfront costs of consulting services, which may deter small to mid-sized projects from seeking expert assistance. Additional challenges include political and economic instability in certain regions, which can delay or derail project investments and execution.

Despite these challenges, the EPC (engineering, procurement, and construction) consulting market is expected to seize opportunities emerging from the ongoing shift towards renewable energy projects, green construction, and a growing emphasis on Public-Private Partnerships (PPPs). As nations are increasingly investing in their infrastructure and energy sectors, the demand for sophisticated EPC (engineering, procurement, and construction) consulting services is expected to rise.

However, the market remains vigilant of threats such as competitive pressures and substitute services are becoming more prevalent and impact the global supply chain. Successful EPC (engineering, procurement, and construction) consultants will need to adapt to these dynamic conditions, by leveraging their expertise to remain competitive and continue offering invaluable guidance throughout the engineering, procurement, and construction phases of large-scale projects.

Key Features of the Study:

• In-depth analysis of the EPC (engineering, procurement, and construction) consulting market, providing market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), with 2022 as the base year.
• Elucidation of potential revenue opportunities across different market segments and explanation of attractive investment proposition matrices for the market.
• Provision of key insights into market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• Profiling of key players in the EPC (engineering, procurement, and construction) consulting market based on parameters such as company highlights, product portfolio, key highlights, financial performance, and strategies.
• Coverage of key companies in the study, including Bechtel Corporation, Jacobs, Fluor Corporation, WorleyParsons, CH2M hill , TechnipFMC, Saipem, KBR Inc, Larsen & Toubro, McDermott International Inc, Wood plc , SNC-Lavalin, Hatch Ltd, Chicago Bridge & Iron Company, Hyundai Engineering & Construction, National Projects Construction Corporation, Galfar, Tecnicas Reunidas, Daewoo E&C, Petrofac Ltd, and Samsung Engineering.
• Insights from the study enable marketers and management authorities to make informed decisions regarding future product launches, technology upgrades, market expansion, and marketing tactics.
• The study caters to various stakeholders in the EPC (engineering, procurement, and construction) consulting market, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders can benefit from various strategy matrices used to analyze the EPC (engineering, procurement, and construction) consulting market, facilitating ease in decision-making.

 Detailed Segmentation

• EPC (engineering, procurement, and construction) Consulting Market, By Service Type
  • Consulting
  • Maintenance
  • Design & Engineering
  • Procurement
  • Construction
  • Others (Field Inspection, Planning Services)
• EPC (engineering, procurement, and construction) Consulting Market, By End User Industry 
  • Oil & Gas
  • Power
  • Infrastructure
  • Chemicals
  • Metals & Mining
  • Pharmaceuticals
  • Petrochemicals
  • Others (Food & Beverage, Pulp & Paper )
• EPC (engineering, procurement, and construction) Consulting Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America
• Top Companies in EPC Consulting Market:
  • Bechtel Corporation
  • Fluor Corporation
  • Jacobs Engineering Group
  • WorleyParsons
  • CH2M hill
  • TechnipFMC
  • Saipem
  • KBR Inc
  • Larsen & Toubro
  • McDermott International Inc
  • Wood plc
  • SNC-Lavalin
  • Hatch Ltd
  • Chicago Bridge & Iron Company
  • Hyundai Engineering & Construction
  • National Projects Construction Corporation
  • Galfar
  • Tecnicas Reunidas
  • Daewoo E&C
  • Petrofac Ltd
  • Samsung Engineering