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A new market study, titled “Discover Global Power Generation EPC Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
The global energy era EPC market was valued at USD xx million in 2017 and is fore-casted to attain USD xx million by 2025, with a CAGR of xx% in the course of the forecast duration (2018-2025). The time period EPC stands for ‘Engineer, Procure and assemble.’ the important thing to this concept is that one organisation, particularly the contractor, undertakes honestly all factors of the challenge and provides a single point of verbal exchange and responsibility for the proprietor. The usage of EPC contracts inside the electricity technology industry has been constantly evolving over the previous couple of years because of outstanding modifications occurring in the commercial enterprise and generation areas of this industry. Nearly all electricity era projects use EPC contracts.
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The company profiles the following companies-
Doosan Groups, Tata Projects, Worley Parsons and SK Engineering & Construction
Key market segments covered
Upstream in the energy & power industry involves a search for underwater and underground natural gas fields or crude oil fields. The process includes drilling of exploration wells and drilling into established wells to recover oil and gas. The midstream necessitates the transportation, storage, and processing of oil and gas. As, at this point, these resources are recovered, it is then transported to a refinery, which is in an entirely different terrestrial region as compared to the oil and gas reserves. Transportation is done, including tanker ships to pipelines and trucking fleets. Whereas, the third one, downstream entails filtering of the raw materials obtained in the upstream phase. This includes refining of crude oil and purifying natural gas. The marketing and commercial distribution of these oil & gas to consumers and end users are practiced in various forms which include natural gas, diesel oil, petrol, gasoline, lubricants, kerosene, jet fuel, asphalt, heating oil, LPG (liquefied petroleum gas) and other types of petrochemicals.
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