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Fortune Business Insights conducted and published a case study on the oil & gas engineering, procurement, and construction (EPC) market. Commissioned by a leading shipbuilding company in South Korea, the study aims to provide the client with detailed market research on prospective business opportunities in the market during the forecast period. Additionally, the client wanted to determine its position in comparison to other competitors, enabling the company to take key strategic decisions to establish a stronghold in the market. The methodology used comprises of:
Analyze and estimate the total market size of oil & gas EPC globally with further bifurcation by different regions. In addition, a detailed market outlook on South Asian countries and South Korea market. Identify and provide a list of EPC contracts awarded historically from the year 2015 till 2018 including parameters like location, operators, service provider, contract value, year of award, project specifications, etc. Provide extensive profiles of companies that operate in the global oil & gas EPC market including their growth strategies, SWOT analysis, key developments, recent projects, etc. along with market intelligence on key market drivers, restraints, trends, opportunities, expected growth, market share of companies, and latest trends by regions
A robust model based on tracking all EPC contracts awarded by oil & gas operators using multiple paid and public data sources, estimating revenue of EPC contractors based on their portfolio, collecting market opinion from industry leaders and triangulate the information to arrive at estimated market demand. Data was sourced from credible desks research sources such as news portals, government organizations, company annual reports, investor presentations, press releases, and interviews with key stakeholders in the oil & gas EPC market.
The client wanted to evaluate their market position in comparison to other players dominating the oil & gas EPC market. Also, the need for market intelligence on upcoming business opportunities and industry in various countries in the forecast period was the purpose of commissioning this study. The client wanted to present the findings from the study in their internal meetings and use the data to assist them in building a strategic marketing plan for the next quarter on the countries under focus in the study.