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The market is segmented by Sector (Upstream, Midstream, Downstream), and Geography
Fastest Growing Market:
Greater Than 5.34 %
The market for oil & gas EPC is expected to grow at a CAGR of 5.35% during the forecast period of 2020 – 2025. Major factors driving the market studied are the declining operating costs of oil & gas fields, expansion in the downstream sector, increasing demand for LNG infrastructure, among others.
The oil & gas EPC market report includes:
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With the increasing number of oil & gas projects in countries such as the United States, Canada, and Mexico, the region is likely to witness robust growth in the coming years. The United States is one of the largest producers of crude oil and natural gas, accounting for around 14.1% and 20.0% of the global production, respectively, in 2018. The production surged in 2017, mainly due to robust drilling in its shale reserves, led by Permian basin. The country has one of the largest, technically-recoverable shale gas reserves and the second-largest tight oil reserves in the world. The technological developments in hydraulic fracturing and low breakeven prices have supported the upstream oil and gas activity in the onshore region, resulting in high demand for EPC companies.
Canada is one of the largest producers of oil and gas in the world. The oil and gas industry plays an important role in the country’s economy. Oil sands remain its primary source of hydrocarbon production, comprising over 90% of the country's total oil reserves. As per the Canadian Association of Petroleum Producers (CAPP), the oil production in the country is expected to reach 5.4 billion bbl/d in 2030, and oil sands are expected to account for 70.7% of the total production. The aforementioned factors are contributing to the increasing demand for oil & gas EPC services in the region during the forecast period.
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The major companies include Saipem SpA, TechnipFmc PLC, Petrofac Limited, Fluor Corporation, and Bechtel Corporation.
1.1 Scope of Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.1.2 Market Size and Demand Forecast till 2024 (in USD billion)
4.1.3 Recent Trends and Developments
4.1.4 Government Policies and Regulations
4.2 Market Drivers
4.3 Market Restraints
4.4 Supply Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes Products and Services
4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.2.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 Rest of Asia-Pacific
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
5.2.4 Middle East & Africa
18.104.22.168 Saudi Arabia
22.214.171.124 Rest of Middle East & Africa
5.2.5 South America
126.96.36.199 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions
6.2 Collaborations and Joint Ventures
6.3 Strategies Adopted by Leading Players
6.4 Market Share Analysis
6.5 Company Profiles
6.5.1 Samsung Engineering Co. Ltd
6.5.2 Hyundai Heavy Industries Co. Ltd
6.5.3 Hyundai Engineering & Construction Co. Ltd
6.5.4 John Wood Group PLC
6.5.5 TechnipFmc PLC
6.5.6 Bechtel Corporation
6.5.7 Saipem SpA
6.5.8 McDermott International Inc.
6.5.9 KBR Inc.
6.5.10 Jacobs Engineering Group Inc.
6.5.11 Fluor Corporation
6.5.12 Daewoo Engineering & Construction Co. Ltd
6.5.13 Tecnicas Reunidas SA
6.5.14 Petrofac Limited
6.5.15 National Petroleum Construction Company
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability