EPC
Consulting Market Primed for Growth Owing to Rising Demand for Energy Efficient
Infrastructure



Engineering, procurement, and construction (EPC) consulting involves project
management services from planning and design to construction completion for
infrastructure projects. EPC consultants help infrastructure owners and
developers maximize returns through optimal design, cost-effective procurement,
and timely execution. They consult on diverse aspects including planning,
design specifications, cost estimates, construction schedules, permitting,
health & safety compliance, and commissioning. Their knowledge of local
regulations, materials availability, and workforce capabilities ensures
projects are completed within budget and quality standards.



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 13% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.



Market Dynamics:

Rising demand for energy efficient infrastructure across industries and
commercial buildings is a key driver boosting growth of the EPC consulting
market. EPC consultants help design infrastructure that optimizes energy usage
through efficient design such as adequate insulation, use of renewable
materials, and integrated HVAC systems. They also advise on emerging
technologies like solar panels, LED lighting, and smart controls to minimize
operational costs.



Another factor fueling market growth is rapid urbanization in developing
nations. burgeoning populations strain existing infrastructure requiring
expansion and upgrades. EPC consultants play a crucial role in planning smart
and sustainable cities with efficient transportation and utilities networks.
Their project management expertise streamlines implementation of large urban
infrastructure projects within budgets and deadlines.



SWOT ANALYSIS



Strength: EPC consulting market's strength lies in its ability to offer
end-to-end project management services for engineering, procurement and
construction projects. EPC consultants help identify key requirements, examine
project feasibility and ensure timely completion of projects. They play a
crucial role in mitigating project risks and delays through their expertise.



Weakness: Dependency on other stakeholders like equipment suppliers and
construction firms can hamper progress if timelines are not met. Also, lack of
in-house resources forces EPC consultants to outsource some tasks, adding to
project costs. Further, obtaining quality resources with specialized skills
remains a challenge.



Opportunity: Rising investments in sectors like energy, infrastructure and
manufacturing offer significant opportunities for EPC consultants. Sectors like
renewable energy and 5G networks are expected to drive strong demand. Further,
automation and building information modeling tools are allowing EPC consultants
to optimize designs and streamline processes.



Threats: Economic uncertainties and delays in project approvals can negatively
impact business conditions. Changing government policies and regulations
regarding project standards also introduce compliance complexities. Intense
competition from top global consulting firms further intensifies pricing
pressures.



KEY TAKEAWAYS



Global
EPC Consulting Market Size is expected to witness high growth over the
forecast period supported by rising infrastructure development worldwide. 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 13% over the forecast period
2023 to 2030.

Asia Pacific
dominates currently owing to large ongoing investments in China, India and
Southeast Asian countries to develop transport, energy and digital
infrastructure. Countries like China, India and Indonesia are expected to
remain major revenue generators.



Key players operating in the EPC consulting market are CalAmp Corp., Actsoft
Inc., Global Navigation Satellite Systems Ltd., Geokno India Pvt. Ltd., Esri,
and Hexagon AB. These consulting firms provide specialized solutions and
services for diverse sectors including transportation, utilities, oil & gas
and manufacturing. They leverage technologies such as GIS, remote sensing, IoT
and AI to offer innovative solutions for evolving project needs.

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