Engineering, Procurement &Amp; Construction Management (EPCM) Market May See A Big Move | 100 Pages Report

[100 Pages Report] ” engineering, procurement and construction management (epcm) market ” Research Report Insights 2023 Based on Regions, Applications (Mining, Oil and Gas, Infrastructure, Aviation, Others) , and Types (Engineering, Procurement, Construction Management, ) . The report presents the research and analysis provided within the Engineering, Procurement and Construction Management (EPCM) Market Research is meant to benefit stakeholders, vendors, and other participants in the industry. The Engineering, Procurement and Construction Management (EPCM) market is expected to grow annually by magnificent (CAGR 2023 – 2030).

Who is the largest manufacturers of Engineering, Procurement and Construction Management (EPCM) Market worldwide?

Técnicas Reunidas

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Short Description About Engineering, Procurement and Construction Management (EPCM) Market:

The Global Engineering, Procurement and Construction Management (EPCM) market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

The global Engineering, Procurement and Construction Management (EPCM) market size was valued at USD Million in 2022 and will reach USD Million in 2028, with a CAGR of Percent during 2022-2028.

In contrast to the EPC model, the EPCM contractor is not directly involved in the building and construction of the project, but is rather responsible for the detailed design and overall management of the project, on behalf of the owner or principal. The EPCM model can be regarded as a professional services contract.

The EPCM contractor is responsible for establishing contractual arrangements on behalf of the owner or principal with other contractors, vendors, sub-contractors and sub-vendors, through a tender process. The EPCM contractor has a duty to ensure that the engineering and design of the project is in compliance with the projects technical and functional specifications. Supervising, management and coordinating construction interface in accordance with a detailed schedule is the key responsibility of the EPCM contractor.

Advantages of the EPCM approach

The main advantage EPCM has for clients is the sense of ownership. EPCM allows for greater flexibility for the client, which can ultimately lead to a better overall outcome for the project. As the complexity of mega projects increases and labor, materials and professional resources become more difficult or expensive to source, owners will placing greater reliance on the expertise and skill of reputable and experienced Contractors to manage the delivery of their projects.

Demand growth of mining industry

Under the reality that oil and gas energy still dominate the economic development and the trend of diversified economic transformation, the mining industry is becoming a new hot spot for investment in the Middle East. Some Middle Eastern countries, represented by Saudi Arabia, are setting off their own investment boom in mineral industry.

Compared with EPC mode, the owner management burden is greater

Since EPCM relies on regular communication between the client and the engineering consultant company, there is the possibility for misunderstanding or for a gap to emerge with roles and responsibilities. In addition, the administrative burden of the owner directly negotiating and contracting with each of the contractors or suppliers is far greater than under EPC and significant demands are placed on the owner’s skills and resources (although the EPCM contractor may be able to ease this burden). Interface risk and coordination between each contractor or supplier needs to be managed and this often sits with the owner.

Company Overview:

WorleyParsons、Técnicas Reunidas、Fluor Limited were the top 3 players in the Engineering, Procurement and Construction Management (EPCM) market in 2022, taking up a market share of 13.73%

together.

Worley Limited (formerly WorleyParsons Limited) is public listed company, deriving revenue from the provision of mining engineering, project management and consulting services to the energy, chemical and resource sectors.

Técnicas Reunidas, S.A. is a Spanish-based general contractor which provides engineering, procurement and construction of industrial and power generation plants, particularly in the oil and gas sector.

Segmentation Overview:

Engineering

EPCM contractor determines the scope of professional engineering process, formulates strategy, organization, plan, coordination and implementation.

Procurement

The engaged engineering consultants also manage the procurement process. This involves everything from technical quotation requests, organization of the tender process, pre-qualification of vendors, technical evaluation and recommendation of contractors, negotiations and much, much more.

Construction Management

The client’s engineering consultants provide full construction management for the project from beginning to end. Comprehensive planning of the construction elements, costs, logistics and construction team; on-site management of contractors, individual operatives, equipment, services and office facilities all encompassed to effectively supervise the construction of the client’s project through to completion.

As for product types, the Construction Management segment held the largest market share in 2021.

Application Overview:

By application, the Oil and Gas segment occupied the biggest shareÂfrom 2017 to 2022.

The Engineering, Procurement and Construction Management (EPCM) market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.

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What are the factors driving the growth of the Engineering, Procurement and Construction Management (EPCM) Market?

Growing demand for below applications around the world has had a direct impact on the growth of the Engineering, Procurement and Construction Management (EPCM)

Others

What are the types of Engineering, Procurement and Construction Management (EPCM) available in the Market?

Based on Product Types the Market is categorized into Below types that held the largest Engineering, Procurement and Construction Management (EPCM) market share In 2023.

Construction Management

Which regions are leading the Engineering, Procurement and Construction Management (EPCM) Market?

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil, Argentina, Columbia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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This Engineering, Procurement and Construction Management (EPCM) Market Research/Analysis Report Contains Answers to your following Questions

What are the global trends in the Engineering, Procurement and Construction Management (EPCM) market? Would the market witness an increase or decline in the demand in the coming years?

What is the estimated demand for different types of products in Engineering, Procurement and Construction Management (EPCM)? What are the upcoming industry applications and trends for Engineering, Procurement and Construction Management (EPCM) market?

What Are Projections of Global Engineering, Procurement and Construction Management (EPCM) Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?

Where will the strategic developments take the industry in the mid to long-term?

What are the factors contributing to the final price of Engineering, Procurement and Construction Management (EPCM)? What are the raw materials used for Engineering, Procurement and Construction Management (EPCM) manufacturing?

How big is the opportunity for the Engineering, Procurement and Construction Management (EPCM) market? How will the increasing adoption of Engineering, Procurement and Construction Management (EPCM) for mining impact the growth rate of the overall market?

How much is the global Engineering, Procurement and Construction Management (EPCM) market worth? What was the value of the market In 2020?

Who are the major players operating in the Engineering, Procurement and Construction Management (EPCM) market? Which companies are the front runners?

Which are the recent industry trends that can be implemented to generate additional revenue streams?

What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Engineering, Procurement and Construction Management (EPCM) Industry?

Engineering, Procurement and Construction Management (EPCM) Market – Covid-19 Impact and Recovery Analysis:

We were monitoring the direct impact of covid-19 in this market, further to the indirect impact from different industries. This document analyzes the effect of the pandemic on the Engineering, Procurement and Construction Management (EPCM) market from a international and nearby angle. The document outlines the marketplace size, marketplace traits, and market increase for Engineering, Procurement and Construction Management (EPCM) industry, categorised with the aid of using kind, utility, and patron sector. Further, it provides a complete evaluation of additives concerned in marketplace improvement in advance than and after the covid-19 pandemic. Report moreover done a pestel evaluation within the business enterprise to study key influencers and boundaries to entry.

Our studies analysts will assist you to get custom designed info to your report, which may be changed in phrases of a particular region, utility or any statistical info. In addition, we’re constantly inclined to conform with the study, which triangulated together along with your very own statistics to make the marketplace studies extra complete for your perspective.

Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Engineering, Procurement and Construction Management (EPCM) Industry.

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Detailed TOC of Global Engineering, Procurement and Construction Management (EPCM) Market Research Report, 2023-2030

1 Market Overview
1.1 Product Overview and Scope of Engineering, Procurement and Construction Management (EPCM)
1.2 Classification of Engineering, Procurement and Construction Management (EPCM) by Type
1.2.1 Overview: Global Engineering, Procurement and Construction Management (EPCM) Market Size by Type: 2017 Versus 2021 Versus 2030
1.2.2 Global Engineering, Procurement and Construction Management (EPCM) Revenue Market Share by Type in 2021
1.3 Global Engineering, Procurement and Construction Management (EPCM) Market by Application
1.3.1 Overview: Global Engineering, Procurement and Construction Management (EPCM) Market Size by Application: 2017 Versus 2021 Versus 2030
1.4 Global Engineering, Procurement and Construction Management (EPCM) Market Size and Forecast
1.5 Global Engineering, Procurement and Construction Management (EPCM) Market Size and Forecast by Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Engineering, Procurement and Construction Management (EPCM) Market Drivers
1.6.2 Engineering, Procurement and Construction Management (EPCM) Market Restraints
1.6.3 Engineering, Procurement and Construction Management (EPCM) Trends Analysis

2 Company Profiles
2.1 Company
2.1.1 Company Details
2.1.2 Company Major Business
2.1.3 Company Engineering, Procurement and Construction Management (EPCM) Product and Solutions
2.1.4 Company Engineering, Procurement and Construction Management (EPCM) Revenue, Gross Margin and Market Share (2019, 2020, 2021 and 2023)
2.1.5 Company Recent Developments and Future Plans

3 Market Competition, by Players
3.1 Global Engineering, Procurement and Construction Management (EPCM) Revenue and Share by Players (2019,2020,2021, and 2023)
3.2 Market Concentration Rate
3.2.1 Top3 Engineering, Procurement and Construction Management (EPCM) Players Market Share in 2021
3.2.2 Top 10 Engineering, Procurement and Construction Management (EPCM) Players Market Share in 2021
3.2.3 Market Competition Trend
3.3 Engineering, Procurement and Construction Management (EPCM) Players Head Office, Products and Services Provided
3.4 Engineering, Procurement and Construction Management (EPCM) Mergers and Acquisitions
3.5 Engineering, Procurement and Construction Management (EPCM) New Entrants and Expansion Plans

4 Market Size Segment by Type
4.1 Global Engineering, Procurement and Construction Management (EPCM) Revenue and Market Share by Type (2017-2023)
4.2 Global Engineering, Procurement and Construction Management (EPCM) Market Forecast by Type (2023-2030)

5 Market Size Segment by Application
5.1 Global Engineering, Procurement and Construction Management (EPCM) Revenue Market Share by Application (2017-2023)
5.2 Global Engineering, Procurement and Construction Management (EPCM) Market Forecast by Application (2023-2030)

6 Regions by Country, by Type, and by Application
6.1 Engineering, Procurement and Construction Management (EPCM) Revenue by Type (2017-2030)
6.2 Engineering, Procurement and Construction Management (EPCM) Revenue by Application (2017-2030)
6.3 Engineering, Procurement and Construction Management (EPCM) Market Size by Country
6.3.1 Engineering, Procurement and Construction Management (EPCM) Revenue by Country (2017-2030)
6.3.2 United States Engineering, Procurement and Construction Management (EPCM) Market Size and Forecast (2017-2030)
6.3.3 Canada Engineering, Procurement and Construction Management (EPCM) Market Size and Forecast (2017-2030)
6.3.4 Mexico Engineering, Procurement and Construction Management (EPCM) Market Size and Forecast (2017-2030)

7 Research Findings and Conclusion

8 Appendix
8.1 Methodology
8.2 Research Process and Data Source
8.3 Disclaimer

9 Research Methodology

10 Conclusion

Continued….

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