A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Engineering,
Procurement & Construction Management
Market. The
study, titled “Engineering,
Procurement, & Construction Management (EPCM) Market - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 -
2024”,
is available for sale on the firm’s website.
Global
Engineering, Procurement, and Construction Management Market:
Overview
Engineering,
Procurement, and Construction Management (EPCM) is a specific type of
contracting arrangement that is used in some industries. This
involves the contractor to be responsible for end-to-end completion
of a project right from design to procurement of raw materials to
construction to execution to handover of the project to the end-user.
The contractor is responsible for the completion of the project in
the allocated time limit, which may be executed either remotely or by
embarking at the location site.
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Market Research Report @
The
global engineering, procurement, and construction management market
is divided on the basis of end user and geography.
The
report analyzes the global EPCM market in a ground-up manner which
includes insights into the market dynamics that will influence the
market’s growth over the forecast period.
Global
Engineering, Procurement, and Construction Management Market: Trends
and Opportunities
The
global EPCM market is driven by factors such as growth of real
estate, growth of the oil and manufacturing industry, and interest of
people to seek consultation from a specialist for construction
undertakings. Moreover, technological advancements such as 3D
printing and drone supervision are expected to further boost the
market’s growth.
However,
factors such as high procurement cycle along with added production,
transportation, and investments costs are restraining the market’s
growth. Nonetheless, factors such as increasing infrastructure
spending, increasing demand for energy to rising population, and
growth of real estate to provide housing for the growing population
are expected to open opportunities for the EPCM market in the years
to come.
Moreover,
the ever-increasing demand for oil and gas for everyday operations
and surging mining activities has compelled companies to deploy
efficient systems in order to magnify production. This in turn, will
favor the growth of the EPCM market.
Global
Engineering, Procurement, and Construction Management Market:
Regional Outlook
By
geography, the global EPCM market is analyzed with respect to the
regional segments of North America, Europe, Latin America, Asia
Pacific, and the Middle East and Africa. At present, North America
holds the leading share in the global EPCM market owing to the use of
automated systems supported by technology for end-to-end completion
of engineering projects.
Middle
East and Africa is expected to emerge as a significant region for
EPCM over the report’s forecast period. The region is expected to
account for a considerable market share in the global EPCM market.
This is mainly due to the high infrastructural needs that need to be
executed using automated systems. Moreover, increasing oil exports
from the region has necessitated the adoption of EPCM solutions for
efficiency.
In
Asia Pacific, massive industrial development in countries such as
China and India as a consequence of economic growth is pushing the
growth of the EPCM market.
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accurate market forecast and analysis on the Engineering, Procurement
& Construction Management market. Request a sample to stay
abreast on the key trends impacting this market@
Global
Engineering, Procurement, and Construction Management Market:
Competitive Landscape
Some
of the leading companies in the global engineering, procurement, and
construction management market are Citec, Sports Shanghai Ltd.,
Engineers India Limited, and Amec Foster Wheeler. Some other
companies operating in the EPCM market are Anewa Engineering Pvt.
Ltd., WorleyParsons, Stantec, Clark Eriksson, CONSTRUCAP, TWP,
Ausenco, and Fluor Limited among others.
The
EPCM industry has been under consolidation over the past few years.
Major companies are focused on acquisitions and strategic
partnerships for geographical expansion. This is also to diversify
their service offerings and to establish their presence in regional
and local markets.
The
global EPCM market is segmented as follows:
Global
EPCM market, by Geography
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Middle East and Africa
This
report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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