Ever-Changing Landscape and Emerging Trends in the EPC Sector in India
Early Development: Industrial revolution and the technological advances made during that time played a key role in the development of the EPC sector. Large-scale projects, such as power plants, refineries, and transportation networks, required integrated engineering, procurement, and construction services.
20th Century Expansion: The industry grew largely in the 1980s-1990s due to Energy, Urbanisation and Industrialisation
Globalisation and Market Expansion: Global expansion of EPC took place in 2000s-2010s, targeting emerging economies.
Early Development: The Engineering, Procurement and Construction (EPC) sector in India is a rapidly growing industry that involves the design, procurement, construction and commissioning of projects.
Infrastructure Boom: The country’s focus on Infrastructure began post Independence. Calcutta took the initiative to improve Infrastructure by developing the underground metro. India saw a rapid Road and Rail development post 1980s.
Energy Focus: Increased emphasis on sustainability, energy efficiency, and green initiatives are boosting the engineering and construction industry opportunities.
Make in India and Smart Cities: Government programs drive demand for EPC services in industrial and urban projects.
- Increasing focus on renewable energy sources and green technologies
- Rising demand for innovative technology solutions to reduce costs and increase efficiency
- Growing emphasis on Digitalisation, Automation, and Data Analytics
- Greater investment in research & development activities