EPC consulting market refers to engineering, procurement, and construction services that help in designing, planning and managing projects related to energy, process, and infrastructure. Consulting services in EPC market include feasibility studies, concept design, detailed engineering design, procurement assistance, construction management, facility start-up and commissioning. With growing focus on minimizing carbon footprint and achieving sustainability goals, many companies are opting for EPC services to improve energy efficiency of their facilities and operations.

The global EPC Consulting Market is estimated to be valued at US$ 11.4 Bn in 2023 and is expected to exhibit a CAGR of 23.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
One of the key drivers for growth of EPC consulting market is increased focus on energy efficiency. With growing concern for climate change and environmental impact, industries across sectors are focusing on reducing energy consumption and carbon emissions from their facilities and operations. EPC consultancy helps companies identify areas to improve energy performance, conduct retrofits, install clean and renewable energy systems as well as implement strategies to cut down overall energy costs. The market is also driven by rising investments in clean energy projects such as solar, wind, hydropower among others. EPC consultants play a vital role in planning, designing and executing renewable energy generation facilities.

SWOT Analysis

Strength: EPC consulting provides solution integration and end-to-end program management services for clients. With strong domain expertise in oil and gas, utilities, and manufacturing, EPC consultants help align clients' business and technical requirements. They draw upon extensive experience in engineering, procurement and construction to deliver projects safely, on-budget and on-time.

Weakness: EPC consulting firms face challenges in hiring and retaining skilled talent. Stiff competition for capabilities results in high employee turnover. Additionally, due to the lengthy and complex nature of EPC projects, clients may shift priorities or cancel planned projects which impacts revenue stability.

Opportunity: Rising investments in infrastructure, renewable energy, and process industries presents significant opportunity to provide consulting for new plants, expansion projects and modernization efforts. As projects increase in geographical scope and technical complexity, clients seek expert guidance through every stage from planning to commissioning.

Threats: Economic slowdowns reduce client spending which poses a risk to the project pipeline. Shortage of critical materials and components can impact project timelines and budgets. Additionally, evolving certification requirements add to compliance costs.

Key Takeaways

The Global EPC Consulting Market is expected to witness high growth over the forecast period owing to rising investments in sectors such as oil and gas, refining, petrochemicals and renewable energy.

The Asia Pacific region is expected to emerge as the fastest growing as well as the dominant region in the global market due to increasing spending on infrastructure modernization in major economies like China and India.

Key players operating in the EPC consulting market are Zeta Global Corp, Oracle Corporation, mParticle Inc., Salesforce.com Inc., BlueConic, Adobe Inc., Tealium, SAP SE, Acquia Inc., and Segment.Io Inc. (Twilio). These market players provide a full suite of planning, advisory and operational services to help clients effectively plan, construct and commission capital projects across industries. With deep technical know-how and program management skills, they work with owners from project conceptualization through commercial operations.

The global EPC consulting market is expected to witness high growth. Regional analysis related content comprises Regional analysis related content. The Asia Pacific region is projected to grow at the fastest rate during the forecast period owing to increasing spending on infrastructure development projects across countries such as India and China.


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