Oil and Gas EPC Market; Tremendous Demand for Hydrocarbon to Propel Growth 2023-2029
Oil and Gas industry, EPC stands for Engineering, Procurement, and Construction, which are critical phases in the development of oil and gas projects. "DRIVERS" can refer to various factors or considerations that influence or guide these projects.
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Here are some key drivers in the Oil and Gas EPC industry:
Market Demand: The primary driver for many oil and gas EPC projects is market demand for energy resources. This includes factors like population growth, industrial expansion, and energy consumption trends.
Resource Availability: The availability of oil and gas reserves in a particular region can drive
Oil and Gas EPC Market Size, Growth | Global Report [2029]
The global Oil and Gas EPC market is projected to grow from USD 49.58 billion in 2022 to USD 80.77 billion in 2029 at a CAGR of 7.2%
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