Integrated engineering, procurement, construction and installation (iEPCI™) contract was awarded to TechnipFMC FTI FTI by BP. This contract was awarded for the Thunder Horse South Expansion 2 Project, situated in the Gulf of Mexico. Such innovative projects are anticipated to bode well for the global "oil and gas" Engineering Procurement, construction or EPC market predicts Fortune Business Insights in their recent study.
Request a Sample Copy of the Global Market Research Report https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/oil-gas-epc-market-100930
The report on oil and gas EPC market is titled, “Oil and Gas EPC Market Size, Share and Global Trend By Sector (Upstream, Mid-stream, Downstream), By Location (Onshore, Offshore), and Geography Forecast till 2026.” The report provides a comprehensive overview of the global market with major emphasis on growth drivers, restraints, trends and opportunities. It also lists the names of companies functioning in the oil and gas EPC market. Information provided in the report is extracted from primary and secondary research methods and is trustworthy. The report is available for sale on the Fortune Business Insights’ website.
According to the report, the global oil and gas EPC market is categorized on the basis of sector, location, and geography. In terms of location the market is further bifurcated into offshore and onshore. Based on sector, the market is classified into downstream, midstream, and upstream.
Increasing Production of Cars Running on Petrol and Diesel Drives Market
The rapidly growing population and increasing power consumption per capita are propelling the demand for energy by the day. The energy generation from oil and gas is still dominating power production although there is rise in trend of generating power from renewable sources. The rise in the production of cars is having a positive influence on the consumption of CNG, diesel, and petrol. Thus, engineering, procurement, and construction for oil and gas manufacturing companies play a pivotal role in increasing the demand for gas and oil. The aforementioned factor is considered an important factor boosting the global oil and gas EOC market growth in the forecast period.
The rise in demand for oil and gas in nations such as China, India, and the U.S.A is another factor boosting the global oil and gas EPC market and further projected to continue doing so during the forecast duration. Moreover, the economic extraction of shale gas is also anticipated to positively influence the EPC market. Besides this, the emerging long-distance subsea and surface pipelines for transporting natural and crude oil is considered a new path for midstream EPC. This, in turn, is likely to promote the growth of the market in the long run.
Proposal of New Pipelines in Asia Pacific and the Middle East and Africa will Help Market in these Regions Grow Significantly
The report predicts the upstream EPC market to be dominated by North America owing to the development of affordable shale gas extraction and exploration technology. On the other side, the refurbishment and up-gradation of aging gas and oil pipelines in North America and Europe have accelerated the mid-stream EPC market. Additionally, the proposal of new pipelines in Middle East and Africa and Asia Pacific are prognosticated to promote the growth of the mid-stream EPC market. Rise in petroleum refining activities in China, USA, and India is estimated to accelerate downstream EPC activities in the foreseeable future.
Have any Query? Speak to Analyst https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/oil-gas-epc-market-100930
The report highlights significant players operating in the global oil and gas EPC market. Some of these players include:
- Wood
- JGC Corporation
- TechnipFMC,
- Mott Macdonald
- CPECC
- Saipem
- Larsen and Toubro
- Galfar
- Aker and OIEC
- SNC-Lavalin
- WorleyParsons
- NPCC
- McDermott
- Lamprell
- Dodsal Group
- Jacobs
- KBR
Key Market Driver Increase in demand for oil and natural gas
Key Market Restraint Volatile crude oil prices
Request for customization https://www.fortunebusinessinsights.com/enquiry/customization/oil-gas-epc-market-100930
Key Segmental Overview:
1. By Sector
- Upstream
- Mid-stream
- Downstream
2. By Location
- Onshore
- Offshore
3. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain and Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East and Africa (GCC, South Africa, and Rest of Middle East and Africa)
Major Table of Content For Oil and Gas EPC Market:
- Introduction
- Executive Summary
- Market Dynamics
- Key Insights
- Global Oil and Gas EPC Market Analysis, Insights and Forecast, 2026
- North America Oil and Gas EPC Market Analysis, Insights and Forecast, 2026
- Europe Oil and Gas EPC Market Analysis, Insights and Forecast, 2026
- Asia Pacific Oil and Gas EPC Market Analysis, Insights and Forecast, 2026
- The Middle East and Africa Oil and Gas EPC Market Analysis, Insights and Forecast, 2026
- Latin America Oil and Gas EPC Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
- Conclusion
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
https://www.fortunebusinessinsights.com/industry-reports/oil-gas-epc-market-100930
(Have a Look at Reports Trending in "Energy and Power"Industry)
View Related Reports:
About us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email : sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Who are the key manufacturers in Oil & Gas EPC Market?
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
