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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.
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.
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