석유 및 가스 EPC 시장 : 세계 산업 분석, 규모, 점유율, 성장, 동향, 예측(2033년) - 계약 유형별, 최종사용자별, 용도별, 지역별(북미, 유럽, 아시아태평양, 라틴아메리카, 중동 및 아프리카)

The global Oil and Gas Engineering, Procurement, and Construction (EPC) market is poised for steady growth over the coming years, reflecting increased energy demand, infrastructural expansions, and technological advancements in the sector. Valued at USD 60.2 billion in 2026, the market is projected to reach USD 82.5 billion by 2033, growing at a CAGR of 4.6%. This growth underscores the critical role EPC contractors play in designing, developing, and delivering oil and gas infrastructure projects worldwide.

Market Insights

The Oil and Gas EPC market encompasses the comprehensive services required for the development of oil and gas assets, from engineering and procurement to construction and commissioning. Key market drivers include rising global energy demand, ongoing exploration and production activities, and significant investments in both conventional and renewable energy infrastructures. The market has also benefited from advancements in project management, modular construction, and digitalization, enabling EPC players to execute projects more efficiently and safely.

In recent years, the market has witnessed increased focus on upstream projects, particularly in regions rich in hydrocarbon resources. Additionally, midstream and downstream segments are seeing strategic investments aimed at enhancing refining capacities, pipeline infrastructure, and storage facilities. The need for reducing project timelines and costs has encouraged oil and gas companies to partner with experienced EPC contractors capable of delivering end-to-end solutions.

Key Drivers

Several factors are driving growth in the Oil and Gas EPC market:

• 1. Rising Global Energy Demand - Growing populations and industrialization are pushing the need for reliable oil and gas supply chains, prompting expansion projects worldwide.
• 2. Technological Advancements - Adoption of advanced construction techniques, modular fabrication, and digital project management has improved efficiency, safety, and cost-effectiveness.
• 3. Government Investments & Policies - Strategic energy policies, public-private partnerships, and incentives for upstream and downstream infrastructure development are fueling market demand.

Business Opportunities

The evolving energy landscape presents numerous business opportunities for EPC contractors. Increasing offshore exploration, coupled with deepwater drilling projects, has opened avenues for specialized construction and installation services. Moreover, the push toward decarbonization is driving the integration of sustainable practices, such as green construction methods, in EPC projects. Contractors providing integrated solutions combining engineering, procurement, and construction with digital monitoring and maintenance services are expected to capture significant market share.

Region Analysis

Regionally, the Asia Pacific is emerging as a dominant hub due to rapid industrialization, urbanization, and investments in upstream and downstream oil and gas projects. North America continues to witness growth driven by shale oil exploration, midstream pipeline expansions, and refiners' upgrades. Europe's market is shaped by regulatory compliance, aging infrastructure replacement, and offshore project developments. The Middle East and Africa remain critical for large-scale upstream and refinery projects, leveraging vast hydrocarbon reserves. Latin America is also gaining attention with strategic investments in exploration and infrastructure modernization.

Key Players

Prominent companies leading the global Oil and Gas EPC market include:

• Bechtel Corporation
• Fluor Corporation
• TechnipFMC
• Saipem S.p.A.
• Petrofac Limited
• WorleyParsons (Worley)
• Wood plc
• KBR, Inc.
• Hyundai Engineering & Construction Co., Ltd.
• Samsung Engineering Co., Ltd.
• GS Engineering & Construction Corporation
• Daelim Industrial Co., Ltd.
• Daewoo Engineering & Construction
• SK Engineering & Construction
• National Petroleum Construction Company (NPCC)

Segmentation

The global Oil and Gas EPC market is broadly segmented as follows:

By Contract Type

• Fabrication & Equipment
• Construction & Installation
• Management Services
• Others

By End-User

• Upstream
• Midstream
• Downstream

By Application

• Onshore
• Offshore

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Table of Contents

1. Executive Summary

• 1.1. Global Oil and Gas EPC Market Snapshot
• 1.2. Future Projections
• 1.3. Key Market Trends
• 1.4. Regional Snapshot, by Value, 2025
• 1.5. Analyst Recommendations

2. Market Overview

• 2.1. Market Definitions and Segmentations
• 2.2. Market Dynamics
  • 2.2.1. Drivers
  • 2.2.2. Restraints
  • 2.2.3. Market Opportunities
• 2.3. Value Chain Analysis
• 2.4. COVID-19 Impact Analysis
• 2.5. Porter's Fiver Forces Analysis
• 2.6. Impact of Russia-Ukraine Conflict
• 2.7. PESTLE Analysis
• 2.8. Regulatory Analysis
• 2.9. Price Trend Analysis
  • 2.9.1. Current Prices and Future Projections, 2025-2033
  • 2.9.2. Price Impact Factors

3. Global Oil and Gas EPC Market Outlook, 2019-2033

• 3.1. Global Oil and Gas EPC Market Outlook, by Contract Type, Value (US$ Bn), 2019-2033
  • 3.1.1. Fabrication & Equipment
  • 3.1.2. Construction & Installation
  • 3.1.3. Management Services
  • 3.1.4. Others
• 3.2. Global Oil and Gas EPC Market Outlook, by End-User, Value (US$ Bn), 2019-2033
  • 3.2.1. Upstream
  • 3.2.2. Midstream
  • 3.2.3. Downstream
• 3.3. Global Oil and Gas EPC Market Outlook, by Application, Value (US$ Bn), 2019-2033
  • 3.3.1. Onshore
  • 3.3.2. Offshore
• 3.4. Global Oil and Gas EPC Market Outlook, by Region, Value (US$ Bn), 2019-2033
  • 3.4.1. North America
  • 3.4.2. Europe
  • 3.4.3. Asia Pacific
  • 3.4.4. Latin America
  • 3.4.5. Middle East & Africa

4. North America Oil and Gas EPC Market Outlook, 2019-2033

• 4.1. North America Oil and Gas EPC Market Outlook, by Contract Type, Value (US$ Bn), 2019-2033
  • 4.1.1. Fabrication & Equipment
  • 4.1.2. Construction & Installation
  • 4.1.3. Management Services
  • 4.1.4. Others
• 4.2. North America Oil and Gas EPC Market Outlook, by End-User, Value (US$ Bn), 2019-2033
  • 4.2.1. Upstream
  • 4.2.2. Midstream
  • 4.2.3. Downstream
• 4.3. North America Oil and Gas EPC Market Outlook, by Application, Value (US$ Bn), 2019-2033
  • 4.3.1. Onshore
  • 4.3.2. Offshore
• 4.4. North America Oil and Gas EPC Market Outlook, by Country, Value (US$ Bn), 2019-2033
  • 4.4.1. S. Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 4.4.2. S. Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 4.4.3. S. Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 4.4.4. Canada Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 4.4.5. Canada Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 4.4.6. Canada Oil and Gas EPC Market Outlook, by Application, 2019-2033
• 4.5. BPS Analysis/Market Attractiveness Analysis

5. Europe Oil and Gas EPC Market Outlook, 2019-2033

• 5.1. Europe Oil and Gas EPC Market Outlook, by Contract Type, Value (US$ Bn), 2019-2033
  • 5.1.1. Fabrication & Equipment
  • 5.1.2. Construction & Installation
  • 5.1.3. Management Services
  • 5.1.4. Others
• 5.2. Europe Oil and Gas EPC Market Outlook, by End-User, Value (US$ Bn), 2019-2033
  • 5.2.1. Upstream
  • 5.2.2. Midstream
  • 5.2.3. Downstream
• 5.3. Europe Oil and Gas EPC Market Outlook, by Application, Value (US$ Bn), 2019-2033
  • 5.3.1. Onshore
  • 5.3.2. Offshore
• 5.4. Europe Oil and Gas EPC Market Outlook, by Country, Value (US$ Bn), 2019-2033
  • 5.4.1. Germany Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 5.4.2. Germany Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 5.4.3. Germany Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 5.4.4. Italy Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 5.4.5. Italy Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 5.4.6. Italy Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 5.4.7. France Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 5.4.8. France Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 5.4.9. France Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 5.4.10. K. Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 5.4.11. K. Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 5.4.12. K. Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 5.4.13. Spain Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 5.4.14. Spain Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 5.4.15. Spain Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 5.4.16. Russia Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 5.4.17. Russia Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 5.4.18. Russia Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 5.4.19. Rest of Europe Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 5.4.20. Rest of Europe Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 5.4.21. Rest of Europe Oil and Gas EPC Market Outlook, by Application, 2019-2033
• 5.5. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Oil and Gas EPC Market Outlook, 2019-2033

• 6.1. Asia Pacific Oil and Gas EPC Market Outlook, by Contract Type, Value (US$ Bn), 2019-2033
  • 6.1.1. Fabrication & Equipment
  • 6.1.2. Construction & Installation
  • 6.1.3. Management Services
  • 6.1.4. Others
• 6.2. Asia Pacific Oil and Gas EPC Market Outlook, by End-User, Value (US$ Bn), 2019-2033
  • 6.2.1. Upstream
  • 6.2.2. Midstream
  • 6.2.3. Downstream
• 6.3. Asia Pacific Oil and Gas EPC Market Outlook, by Application, Value (US$ Bn), 2019-2033
  • 6.3.1. Onshore
  • 6.3.2. Offshore
• 6.4. Asia Pacific Oil and Gas EPC Market Outlook, by Country, Value (US$ Bn), 2019-2033
  • 6.4.1. China Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 6.4.2. China Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 6.4.3. China Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 6.4.4. Japan Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 6.4.5. Japan Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 6.4.6. Japan Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 6.4.7. South Korea Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 6.4.8. South Korea Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 6.4.9. South Korea Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 6.4.10. India Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 6.4.11. India Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 6.4.12. India Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 6.4.13. Southeast Asia Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 6.4.14. Southeast Asia Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 6.4.15. Southeast Asia Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 6.4.16. Rest of SAO Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 6.4.17. Rest of SAO Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 6.4.18. Rest of SAO Oil and Gas EPC Market Outlook, by Application, 2019-2033
• 6.5. BPS Analysis/Market Attractiveness Analysis

7. Latin America Oil and Gas EPC Market Outlook, 2019-2033

• 7.1. Latin America Oil and Gas EPC Market Outlook, by Contract Type, Value (US$ Bn), 2019-2033
  • 7.1.1. Fabrication & Equipment
  • 7.1.2. Construction & Installation
  • 7.1.3. Management Services
  • 7.1.4. Others
• 7.2. Latin America Oil and Gas EPC Market Outlook, by End-User, Value (US$ Bn), 2019-2033
  • 7.2.1. Upstream
  • 7.2.2. Midstream
  • 7.2.3. Downstream
• 7.3. Latin America Oil and Gas EPC Market Outlook, by Application, Value (US$ Bn), 2019-2033
  • 7.3.1. Onshore
  • 7.3.2. Offshore
• 7.4. Latin America Oil and Gas EPC Market Outlook, by Country, Value (US$ Bn), 2019-2033
  • 7.4.1. Brazil Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 7.4.2. Brazil Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 7.4.3. Brazil Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 7.4.4. Mexico Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 7.4.5. Mexico Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 7.4.6. Mexico Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 7.4.7. Argentina Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 7.4.8. Argentina Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 7.4.9. Argentina Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 7.4.10. Rest of LATAM Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 7.4.11. Rest of LATAM Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 7.4.12. Rest of LATAM Oil and Gas EPC Market Outlook, by Application, 2019-2033
• 7.5. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Oil and Gas EPC Market Outlook, 2019-2033

• 8.1. Middle East & Africa Oil and Gas EPC Market Outlook, by Contract Type, Value (US$ Bn), 2019-2033
  • 8.1.1. Fabrication & Equipment
  • 8.1.2. Construction & Installation
  • 8.1.3. Management Services
  • 8.1.4. Others
• 8.2. Middle East & Africa Oil and Gas EPC Market Outlook, by End-User, Value (US$ Bn), 2019-2033
  • 8.2.1. Upstream
  • 8.2.2. Midstream
  • 8.2.3. Downstream
• 8.3. Middle East & Africa Oil and Gas EPC Market Outlook, by Application, Value (US$ Bn), 2019-2033
  • 8.3.1. Onshore
  • 8.3.2. Offshore
• 8.4. Middle East & Africa Oil and Gas EPC Market Outlook, by Country, Value (US$ Bn), 2019-2033
  • 8.4.1. GCC Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 8.4.2. GCC Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 8.4.3. GCC Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 8.4.4. South Africa Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 8.4.5. South Africa Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 8.4.6. South Africa Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 8.4.7. Egypt Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 8.4.8. Egypt Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 8.4.9. Egypt Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 8.4.10. Nigeria Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 8.4.11. Nigeria Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 8.4.12. Nigeria Oil and Gas EPC Market Outlook, by Application, 2019-2033
  • 8.4.13. Rest of Middle East Oil and Gas EPC Market Outlook, by Contract Type, 2019-2033
  • 8.4.14. Rest of Middle East Oil and Gas EPC Market Outlook, by End-User, 2019-2033
  • 8.4.15. Rest of Middle East Oil and Gas EPC Market Outlook, by Application, 2019-2033
• 8.5. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

• 9.1. Company Vs Segment Heatmap
• 9.2. Company Market Share Analysis, 2024
• 9.3. Competitive Dashboard
• 9.4. Company Profiles
  • 9.4.1. Bechtel Corporation
    • 9.4.1.1. Company Overview
    • 9.4.1.2. Product Portfolio
    • 9.4.1.3. Financial Overview
    • 9.4.1.4. Business Strategies and Developments
  • 9.4.2. Fluor Corporation
    • 9.4.2.1. Company Overview
    • 9.4.2.2. Product Portfolio
    • 9.4.2.3. Financial Overview
    • 9.4.2.4. Business Strategies and Developments
  • 9.4.3. TechnipFMC
    • 9.4.3.1. Company Overview
    • 9.4.3.2. Product Portfolio
    • 9.4.3.3. Financial Overview
    • 9.4.3.4. Business Strategies and Developments
  • 9.4.4. Saipem S.p.A.
    • 9.4.4.1. Company Overview
    • 9.4.4.2. Product Portfolio
    • 9.4.4.3. Financial Overview
    • 9.4.4.4. Business Strategies and Developments
  • 9.4.5. Petrofac Limited
    • 9.4.5.1. Company Overview
    • 9.4.5.2. Product Portfolio
    • 9.4.5.3. Financial Overview
    • 9.4.5.4. Business Strategies and Developments
  • 9.4.6. WorleyParsons (Worley)
    • 9.4.6.1. Company Overview
    • 9.4.6.2. Product Portfolio
    • 9.4.6.3. Financial Overview
    • 9.4.6.4. Business Strategies and Developments
  • 9.4.7. Wood plc
    • 9.4.7.1. Company Overview
    • 9.4.7.2. Product Portfolio
    • 9.4.7.3. Financial Overview
    • 9.4.7.4. Business Strategies and Developments
  • 9.4.8. KBR, Inc.
    • 9.4.8.1. Company Overview
    • 9.4.8.2. Product Portfolio
    • 9.4.8.3. Financial Overview
    • 9.4.8.4. Business Strategies and Developments
  • 9.4.9. Hyundai Engineering & Construction Co., Ltd.
    • 9.4.9.1. Company Overview
    • 9.4.9.2. Product Portfolio
    • 9.4.9.3. Financial Overview
    • 9.4.9.4. Business Strategies and Developments
  • 9.4.10. Samsung Engineering Co., Ltd.
    • 9.4.10.1. Company Overview
    • 9.4.10.2. Product Portfolio
    • 9.4.10.3. Financial Overview
    • 9.4.10.4. Business Strategies and Developments

10. Appendix

• 10.1. Research Methodology
• 10.2. Report Assumptions
• 10.3. Acronyms and Abbreviations