Oil and Gas EPC Market Growth Factors & 4.2% CAGR Forecast 2032
The global Oil and Gas Engineering, Procurement, and Construction (EPC) market is set to experience substantial growth, driven by increasing investments in oil and gas infrastructure projects, advancements in technology, and rising energy demand worldwide. According to DataIntelo, the market is expected to expand at a CAGR of 4.2% from 2023 to 2032, reaching a significant valuation by the end of the forecast period.
Governments and private sector players are focusing on modernizing existing facilities and constructing new ones to meet the growing energy needs.
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