An Executor of Eminent Infrastructures
Keeping sustainability at the core, where the construction industry is growing significantly on the back of emerging trends like software adoption, smart cities, green buildings, and more, undoubtedly the dynamics of evolution is eminent. In 2023, as compared to the last year, the construction industry marked a 7% increase in nominal value, in addition to 6% increase in nominal gross output. However, grappling with the existing market fluctuations reflecting in volatility of material prices and increasing labor costs where the construction industry faces challenges, EPC (Engineering, Procurement, and Construction) sector proves to be a promising partner in the marked growth share.
As EPC contractors play a pivotal role in delivering complex, infrastructural projects given their seamless expertise across engineering, procurement, and construction services altogether at single point, the EPC space remains the most sought-after industry across all segments. Given their quality delivery of EPC services for entrenching a better infrastructure, the demand for EPC companies is burgeoning today. For EPCs, while getting services all at one point makes it easier to deal with the complexities around Engineering Procurement & Construction of ideation and building materials, the cost-effective of the services add to the effectiveness and end-to-end project delivery.
Well, today there exist many specialized companies who readily seek and deliver huge projects being in charge of the development of the design and the different engineering that the project involves. According to Expert Market research, the worldwide size of the engineering, procurement, and construction(EPC) market was roughly evaluated to be $8.26 trillion in 2022, where it’s anticipated to reach $9.92 trillion by 2028, exhibiting a CAGR of 3.22 percent. Through our current edition, ‘10 Most Promising EPC Companies- 2023’ we are bringing to you some key leaders in EPC space, to acknowledge their market leadership for their services. Do read to know more about them and share us your feedback!
As EPC contractors play a pivotal role in delivering complex, infrastructural projects given their seamless expertise across engineering, procurement, and construction services altogether at single point, the EPC space remains the most sought-after industry across all segments. Given their quality delivery of EPC services for entrenching a better infrastructure, the demand for EPC companies is burgeoning today. For EPCs, while getting services all at one point makes it easier to deal with the complexities around Engineering Procurement & Construction of ideation and building materials, the cost-effective of the services add to the effectiveness and end-to-end project delivery.
Well, today there exist many specialized companies who readily seek and deliver huge projects being in charge of the development of the design and the different engineering that the project involves. According to Expert Market research, the worldwide size of the engineering, procurement, and construction(EPC) market was roughly evaluated to be $8.26 trillion in 2022, where it’s anticipated to reach $9.92 trillion by 2028, exhibiting a CAGR of 3.22 percent. Through our current edition, ‘10 Most Promising EPC Companies- 2023’ we are bringing to you some key leaders in EPC space, to acknowledge their market leadership for their services. Do read to know more about them and share us your feedback!
