The global EPC market is projected to reach $823 billion by 2030. At the same time, supply chain disruptions impacted half of all projects last year. These figures reveal an industry navigating immense growth alongside significant operational pressures.
Key Takeaways
- Fluor Corporation reported $15.2 billion revenue from EPC projects in 2023.
- The global EPC market was valued at USD 557.6 billion in 2022 and is projected to reach USD 823.4 billion by 2030, growing at a CAGR of 5.2%.
- Middle East holds 25% of global EPC oil & gas projects value in 2023.
- Oil & gas sector comprises 45% of global EPC market revenue in 2023.
- Digital twins adoption in EPC projects rose to 40% by top firms in 2023.
EPC industry statistics show steady growth driven by rising infrastructure investment and demand for faster project delivery.
Related reading
01 · Category
Company Performance20 stats
01
Fluor Corporation reported $15.2 billion revenue from EPC projects in 2023.
02
Bechtel backlog stood at $42 billion for EPC contracts end of 2023.
03
TechnipFMC EPC orders $7.5 billion in offshore oil & gas 2023.
04
Saipem S.p.A. EPC revenue €8.9 billion, 5% growth in 2023.
05
McDermott International completed $4 billion EPC projects in Middle East 2023.
06
KBR Inc. won $2.3 billion government EPC contracts in 2023.
07
Worley EPC services revenue $7 billion, up 10% YoY 2023.
08
Petrofac EPC backlog $5.6 billion as of Q4 2023.
09
Wood PLC EPC division $6.2 billion revenue in energy sector 2023.
10
Chiyoda Corporation EPC contracts ¥1.2 trillion in LNG 2023.
11
Larsen & Toubro EPC orders ₹3 lakh crore in India 2023.
12
Samsung Engineering EPC revenue KRW 12 trillion, focus on Middle East 2023.
13
CB&I (McDermott) storage EPC $1 billion awards 2023.
14
Jacobs Engineering EPC backlog $28 billion end 2023.
15
Burns & McDonnell US power EPC $4.5 billion revenue 2023.
16
SNC-Lavalin (AtkinsRéalis) EPC €7 billion in infrastructure 2023.
17
Fluor margins improved to 3.2% on EPC projects in 2023.
18
Bechtel completed 10 major EPC projects worth $20 billion in 2023.
19
Technip Energies EPC IPO valued at €500 million in 2023 spin-off.
20
Saipem green EPC initiatives $1 billion orders in renewables 2023.
Interpretation
Company Performance Interpretation
In 2023, leading EPC players showed strong momentum with major revenue and contract figures such as Fluor’s $15.2 billion EPC revenue, Bechtel’s $42 billion EPC backlog, and Saipem’s €8.9 billion EPC revenue growing 5%, signaling sustained demand across the company performance landscape.
02 · Category
Market Size & Growth30 stats
01
The global EPC market was valued at USD 557.6 billion in 2022 and is projected to reach USD 823.4 billion by 2030, growing at a CAGR of 5.2%.
02
In 2023, the EPC industry revenue reached approximately $600 billion worldwide, driven by infrastructure investments.
03
The power EPC segment is expected to grow from $150 billion in 2022 to $220 billion by 2028 at a CAGR of 6.5%.
04
Global oil & gas EPC market size stood at $250 billion in 2023, with a forecasted CAGR of 4.8% through 2030.
05
Infrastructure EPC contracts awarded globally totaled $350 billion in 2022, up 8% from the previous year.
06
The chemicals EPC market grew to $120 billion in 2023, with a projected CAGR of 5.1% to 2029.
07
Renewable energy EPC projects reached $100 billion in investments in 2023, a 15% YoY increase.
08
North American EPC market valued at $120 billion in 2022, expected to hit $170 billion by 2030 at 4.5% CAGR.
09
Asia-Pacific EPC sector expanded to $250 billion in 2023, fueled by urbanization.
10
Middle East EPC market size was $110 billion in 2022, projected to grow at 6% CAGR to 2030.
11
Europe's EPC industry hit €200 billion in 2023, with steady 3.8% annual growth.
12
Latin America EPC market reached $40 billion in 2023, up 7% from 2022.
13
Africa EPC contracts surged to $50 billion in 2023 due to mining boom.
14
Global EPC backlog for top contractors exceeded $1 trillion in Q4 2023.
15
Digital EPC solutions market within industry grew 12% YoY to $15 billion in 2023.
16
Hydrogen EPC projects market valued at $5 billion in 2023, expected to reach $50 billion by 2030.
17
Modular EPC construction market hit $20 billion globally in 2022, CAGR 8% forecasted.
18
Data center EPC spending reached $30 billion in 2023, doubling since 2020.
19
Water & wastewater EPC market size $80 billion in 2023, growing at 5.5% CAGR.
20
Mining EPC global market $90 billion in 2022, projected 4.2% CAGR to 2030.
21
Pharma EPC sector valued at $25 billion in 2023, up 10% YoY.
22
LNG EPC contracts awarded $120 billion in 2023 alone.
23
Offshore wind EPC market $40 billion in 2023, CAGR 15% to 2030.
24
Nuclear EPC new builds backlog $200 billion as of 2023.
25
Transmission & distribution EPC $70 billion in 2022, growing 6% annually.
26
Refinery EPC upgrades market $50 billion from 2023-2028.
27
Airport EPC projects globally $60 billion in 2023 awards.
28
Highway & bridge EPC spending $100 billion in US alone 2023.
29
Global rail EPC market $150 billion pipeline in 2024-2030.
30
Semiconductor fab EPC $20 billion in 2023, booming with AI demand.
Interpretation
Market Size & Growth Interpretation
The Market Size and Growth outlook for EPC is strong, with the global EPC market rising from USD 557.6 billion in 2022 to a projected USD 823.4 billion by 2030 at a 5.2% CAGR, supported by accelerating segment demand such as power EPC growing from USD 150 billion in 2022 to USD 220 billion by 2028.
03 · Category
Regional Insights23 stats
01
Middle East holds 25% of global EPC oil & gas projects value in 2023.
02
Asia-Pacific accounted for 42% of worldwide EPC market share in 2023.
03
North America EPC growth rate at 4.1% CAGR from 2023-2030, led by shale.
04
Europe EPC market contracted 2% in 2023 due to energy crisis.
05
China EPC exports reached $80 billion in infrastructure to Belt & Road nations in 2023.
06
Saudi Arabia awarded $50 billion in EPC contracts in Vision 2030 projects in 2023.
07
India infrastructure EPC spend $120 billion in FY2023, 20% YoY growth.
08
US EPC backlog $400 billion in Q3 2023, highest in decade.
09
Australia mining EPC projects valued at $30 billion active in 2023.
10
UAE non-oil EPC sector grew 10% to $25 billion in 2023.
11
Brazil oil EPC offshore $15 billion awarded in 2023 pre-salt fields.
12
Russia EPC market resilient at $40 billion despite sanctions in 2023.
13
Africa EPC growth 12% YoY, South Africa leading at $10 billion.
14
Canada LNG EPC projects $20 billion FID in 2023.
15
Germany renewables EPC €30 billion in 2023 auctions.
16
Indonesia power EPC $15 billion coal-to-gas transition in 2023.
17
Mexico refinery EPC $8 billion Dos Bocas project progress 2023.
18
Qatar EPC peak at $60 billion for World Cup legacy in 2023.
19
UK HS2 rail EPC £50 billion cumulative spend by 2023.
20
Vietnam infrastructure EPC $25 billion FDI in 2023.
21
Egypt Suez Canal EPC expansions $5 billion in 2023.
22
Nigeria power EPC $10 billion reforms in 2023.
23
Thailand petrochemical EPC $12 billion new plants 2023.
Interpretation
Regional Insights Interpretation
Regional Insights show that Asia-Pacific is driving EPC momentum with 42% of the global market share in 2023, while the Middle East also stands out at 25% of global oil and gas EPC project value that year.
More related reading
04 · Category
Sector Breakdown20 stats
01
Oil & gas sector comprises 45% of global EPC market revenue in 2023.
02
Power generation EPC accounts for 25% of total industry projects in 2023.
03
Infrastructure holds 20% share of EPC contracts awarded globally in 2023.
04
Chemicals & petrochemicals EPC segment 8% of market in 2023.
05
Mining & metals EPC represents 7% of global EPC value in 2023.
06
Within oil & gas, upstream EPC 30%, midstream 10%, downstream 5% of total in 2023.
07
Renewables power EPC surged to 15% of power segment in 2023.
08
Thermal power EPC still 60% of power projects globally in 2023.
09
Road & highway infrastructure 40% of infra EPC in 2023.
10
Airports & ports EPC 15% of infrastructure sector in 2023.
11
Refineries EPC 70% of downstream oil & gas in 2023.
12
LNG terminals midstream EPC 50% growth in share 2023.
13
Copper mining EPC 25% of metals sector in 2023.
14
Fertilizer plants chemicals EPC 20% sub-segment 2023.
15
Data centers IT infra EPC 10% of total infra in 2023.
16
Nuclear power EPC 5% of power but high value per project in 2023.
17
Water treatment EPC 12% of utilities sector 2023.
18
Rail transport infra EPC 18% of transport segment 2023.
19
Offshore oil platforms upstream 40% of upstream EPC 2023.
20
Solar PV EPC 60% of renewables power in 2023.
Interpretation
Sector Breakdown Interpretation
In the Sector Breakdown for 2023, the oil and gas segment dominates EPC activity with 45% of global revenue, and this lead is further reflected internally as upstream EPC alone accounts for 30% of the oil and gas total.
05 · Category
Trends & Projections20 stats
01
Digital twins adoption in EPC projects rose to 40% by top firms in 2023.
02
AI integration in EPC bidding processes projected to save 15% costs by 2030.
03
Sustainability reporting mandatory for 70% EPC projects by 2025 regulations.
04
Modular construction to capture 20% of EPC market by 2030.
05
Net-zero EPC projects to triple to $300 billion annually by 2030.
06
BIM usage in EPC reached 65% globally in 2023, up from 40% in 2020.
07
Supply chain disruptions impacted 50% of EPC projects in 2023.
08
EPC labor shortage projected to reach 20% workforce gap by 2030.
09
Carbon capture EPC projects to grow at 25% CAGR to 2030.
10
5G-enabled EPC site management adopted by 30% firms in 2023.
11
EPC megaprojects (> $1B) number to rise 40% by 2030 in Asia.
12
Predictive analytics reducing EPC overruns by 25% in pilots 2023.
13
Green hydrogen EPC to dominate 10% of energy projects by 2030.
14
Robotic automation in EPC fabrication up 35% adoption 2023-2025.
15
ESG scoring influences 80% of EPC contract awards in 2023 surveys.
16
Offshore wind EPC costs to drop 30% by 2030 with scale.
17
EPC insurance claims down 15% due to better risk mgmt tech 2023.
18
Metaverse for EPC virtual walkthroughs used in 10% projects 2023.
19
De-carbonization retrofits EPC $100B market by 2027 projection.
20
Blockchain for EPC supply chain transparency 20% adoption by 2025.
Interpretation
Trends & Projections Interpretation
For the Trends & Projections angle, EPC is moving quickly toward digitally enabled, lower impact delivery as BIM adoption climbed to 65% in 2023 while digital twins reached 40% among top firms and projections point to net zero EPC tripling to $300 billion annually by 2030.
report visual · Key figures
EPC scale across major players (revenue, backlog, and orders)
Top EPC contractors show multi-billion dollar scale across revenue, backlog, and orders in 2023.
$15.2 billion
Fluor Corporation reported $15.2 billion revenue from EPC projects in 2023.
$42 billion
Bechtel backlog stood at $42 billion for EPC contracts end of 2023.
$28 billion
Jacobs Engineering EPC backlog $28 billion end 2023.
$7.5 billion
TechnipFMC EPC orders $7.5 billion in offshore oil & gas 2023.
$2.3 billion
KBR Inc. won $2.3 billion government EPC contracts in 2023.
$5.6 billion
Petrofac EPC backlog $5.6 billion as of Q4 2023.
Reference
Cite This Report
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APA
Julian Richter. (2026, February 13). Epc Industry Statistics. Gitnux. https://gitnux.org/epc-industry-statistics
MLA
Julian Richter. "Epc Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/epc-industry-statistics.
Chicago
Julian Richter. 2026. "Epc Industry Statistics." Gitnux. https://gitnux.org/epc-industry-statistics.
Sources & references
92 datasets cited across this report · attribution is report-level