Siliconindia Magazine

Radian Engineering Solutions: Advanced EPC-MEP Engineering Solutions

According to forecasts, the global EPC and EPCM services market will witness an incremental spend growth of nearly USD 350 million with spend momentum accelerating at a CAGR of 4.35 percent. This increasing spend in the EPC and EPCM services market will be primarily attributed to a rise in the number of large-scale private sector infrastructure projects. Large-scale private sector infrastructure construction projects, especially in industries such as oil and gas, power, and petrochemicals, are the major demand centers in the EPC and EPCM services market. These projects constitute over 45 percent of the global demand for such services.