Market overview
The global engineering procurement and construction market is worth USD 945 bn in 2026 and is forecast to reach USD 1.5 tn by 2036, growing at a 4.8% CAGR. China is the largest country market and Oil, gas and petrochemicals is the largest by sector segment.
| Scope | Revenue from lump-sum and reimbursable engineering, procurement and construction contracts to build power, energy, chemicals, mining, metals and process plants. |
|---|---|
| Industry | Services and Utilities |
| Value 2025 | USD 900 bn |
| Value 2026 | USD 945 bn |
| Value 2036 | USD 1.5 tn |
| CAGR 2026-2036 | 4.8% |
| Volume 2026 | 134 thousand projects |
| Volume 2036 | 175 thousand projects |
| Average price 2026 | USD 7,062,000 per project |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Engineering Procurement and Construction market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 945 bn |
| 2027 | USD 990 bn |
| 2028 | USD 1,038 bn |
| 2029 | USD 1,088 bn |
| 2030 | USD 1,140 bn |
| 2031 | USD 1,195 bn |
| 2032 | USD 1,252 bn |
| 2033 | USD 1,312 bn |
| 2034 | USD 1,375 bn |
| 2035 | USD 1,441 bn |
| 2036 | USD 1,510 bn |
Engineering Procurement and Construction market segmentation
By sector
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Oil, gas and petrochemicals | 30.0% | 26.4% | USD 284 bn | 3.5% |
| Power generation and renewables | 27.0% | 31.7% | USD 255 bn | 6.5% |
| Mining and metals | 13.0% | 12.6% | USD 123 bn | 4.5% |
| Chemicals and fertiliser | 12.0% | 12.2% | USD 113 bn | 5.0% |
| Water and process plants | 10.0% | 9.7% | USD 94.5 bn | 4.5% |
| Other industrial | 8.0% | 7.4% | USD 75.6 bn | 4.0% |
By contract type
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Lump-sum turnkey | 52.0% | 52.3% | USD 491 bn | 4.8% |
| Cost-reimbursable | 30.0% | 28.8% | USD 284 bn | 4.4% |
| Alliance and hybrid | 18.0% | 19.0% | USD 170 bn | 5.3% |
By project size
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Under USD 100 million | 18.0% | 15.0% | USD 170 bn | 2.9% |
| USD 100 million to 1 billion | 47.0% | 45.0% | USD 444 bn | 4.3% |
| Over USD 1 billion | 35.0% | 40.0% | USD 331 bn | 6.2% |
By client type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| National oil and state-owned firms | 38.0% | 36.0% | USD 359 bn | 4.2% |
| International and private firms | 29.0% | 27.0% | USD 274 bn | 4.0% |
| Power producers and utilities | 21.0% | 25.0% | USD 198 bn | 6.6% |
| Government bodies | 12.0% | 12.0% | USD 113 bn | 4.8% |
By project type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Greenfield builds | 52.0% | 48.0% | USD 491 bn | 4.0% |
| Brownfield expansions | 31.0% | 32.0% | USD 293 bn | 5.1% |
| Revamps and shutdown works | 17.0% | 20.0% | USD 161 bn | 6.5% |
Top 25 countries for engineering procurement and construction by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 68.0% of 2026 revenue and the 25 countries below together hold 89.6%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 208 bn | 22.0% | USD 326 bn | 4.6% |
| 2 | United States | USD 113 bn | 12.0% | USD 169 bn | 4.1% |
| 3 | India | USD 70.9 bn | 7.5% | USD 154 bn | 8.1% |
| 4 | Saudi Arabia | USD 66.2 bn | 7.0% | USD 113 bn | 5.5% |
| 5 | United Arab Emirates | USD 37.8 bn | 4.0% | USD 61.9 bn | 5.1% |
| 6 | Russia | USD 33.1 bn | 3.5% | USD 42.3 bn | 2.5% |
| 7 | Indonesia | USD 30.2 bn | 3.2% | USD 51.3 bn | 5.4% |
| 8 | Qatar | USD 28.4 bn | 3.0% | USD 42.3 bn | 4.1% |
| 9 | Brazil | USD 28.4 bn | 3.0% | USD 43.8 bn | 4.5% |
| 10 | Iraq | USD 26.5 bn | 2.8% | USD 39.3 bn | 4.0% |
| 11 | Kuwait | USD 25.1 bn | 2.7% | USD 37.0 bn | 3.9% |
| 12 | Egypt | USD 22.7 bn | 2.4% | USD 40.8 bn | 6.0% |
| 13 | Oman | USD 20.5 bn | 2.2% | USD 30.2 bn | 4.0% |
| 14 | Malaysia | USD 18.6 bn | 2.0% | USD 27.3 bn | 3.9% |
| 15 | Kazakhstan | USD 16.8 bn | 1.8% | USD 24.8 bn | 4.0% |
| 16 | Nigeria | USD 15.2 bn | 1.6% | USD 27.3 bn | 6.0% |
| 17 | Mexico | USD 13.7 bn | 1.4% | USD 20.2 bn | 4.0% |
| 18 | Turkey | USD 12.4 bn | 1.3% | USD 18.3 bn | 4.0% |
| 19 | Vietnam | USD 11.2 bn | 1.2% | USD 23.1 bn | 7.5% |
| 20 | Algeria | USD 10.1 bn | 1.1% | USD 15.0 bn | 4.0% |
| 21 | Canada | USD 9.2 bn | 1.0% | USD 13.4 bn | 3.9% |
| 22 | Australia | USD 8.3 bn | 0.9% | USD 12.2 bn | 3.9% |
| 23 | South Korea | USD 7.5 bn | 0.8% | USD 11.0 bn | 4.0% |
| 24 | Thailand | USD 6.8 bn | 0.7% | USD 10.0 bn | 3.9% |
| 25 | Argentina | USD 6.1 bn | 0.7% | USD 9.1 bn | 4.0% |
| Rest of world | USD 98.1 bn | 10.4% | USD 147 bn | 4.1% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Bechtel
- Fluor
- Technip Energies
- Saipem
- China Energy Engineering
- Hyundai Engineering & Construction
- Chiyoda Corporation
- JGC Holdings
- Sinopec Engineering Group
Group 2: Regional and specialist players
- Larsen & Toubro
- KBR
- Worley
- Samsung E&A
- Petrofac
- Tecnicas Reunidas
- Wood
- Maire
- Daelim
Group 3: Emerging and niche players
- Engineers India
- Black & Veatch
- Kiewit
- Toyo Engineering
- Zachry Group
- McDermott
- KT Kinetics Technology
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the engineering procurement and construction market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 4.8% is calculated from the resulting values.
The market is divided by sector, by contract type, by project size, by client type, by project type. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the engineering procurement and construction market?
The global engineering procurement and construction market is estimated at USD 900 bn in 2025 and USD 945 bn in 2026.
How fast will the engineering procurement and construction market grow?
It is forecast to reach USD 1.5 tn by 2036, a compound annual growth rate of 4.8% from 2026, an increase of USD 565 bn.
Which country is the largest market for engineering procurement and construction?
China is the largest market by revenue at USD 208 bn in 2026, 22.0% of the global total. The three largest countries together hold 41.5%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 8.1% a year from 2026 to 2036.
Which engineering procurement and construction segment is largest?
In the by sector split, Oil, gas and petrochemicals is the largest segment with 30.0% of 2026 revenue.
Who are the leading engineering procurement and construction companies?
Global leaders include Bechtel, Fluor, Technip Energies, Saipem.
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