| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 0.62 Trillion |
| Market Size (2030) | USD 1.28 Trillion |
| CAGR (2025 - 2030) | 15.47 % |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
China Engineering, Procurement, And Construction Management (EPCM) Market Analysis
The China Engineering, Procurement, And Construction Management Market size is estimated at USD 0.62 trillion in 2025, and is expected to reach USD 1.28 trillion by 2030, at a CAGR of 15.47% during the forecast period (2025-2030).
The Chinese engineering, procurement, and construction management (EPCM) services market bolsters the nation's expansive infrastructure and industrial progress. This market oversees and executes engineering, procurement, and construction tasks, catering to a spectrum of industries, notably energy, infrastructure, and manufacturing.
The Chinese EPCM market is pivotal, propelled by the nation's swift urbanization, industrial growth, and infrastructural endeavors. It has seen consistent expansion, primarily fueled by major energy, transportation, and real estate ventures. Noteworthy drivers include robust government infrastructure investments, the nation's ongoing industrialization, and a concerted push for modernization and technological enhancements.
China's infrastructure industry spans oil and gas, coal, nuclear, and renewable energy projects. This industry is bolstered by China's emphasis on energy security and sustainable sources. It also extends to transportation (roads, railways, and airports), urban development, and utilities. These endeavors are backed by government initiatives and align with the nation's urbanization trajectory. Also, China's expanding industrial base is fueling the construction and modernization of industrial facilities, such as factories and processing plants.
In a notable example, clean-energy investments in China surged by 40% in 2023, reaching CNY 6.3 trillion (approximately USD 890 billion). This growth, accounting for the entirety of the country's investment expansion, highlights the industry's pivotal role. China's substantial investment in clean energy, equivalent to USD 890 billion, nearly matches the global investments in fossil fuel supply for the same year. To put this into perspective, this investment figure rivals the GDP of nations like Switzerland or Turkey.
When factoring in production values, the clean-energy industries contributed a significant CNY 11.4 trillion (about USD 1.6 trillion) to China's economy in 2023, marking a 30% increase from the previous year. Notably, these industries emerged as the primary driver of China's economic growth, single-handedly accounting for 40% of the GDP expansion in 2023. It is worth noting that with this robust performance from the clean-energy sectors, China's GDP growth would have stayed within the government's target, achieving only a 3.0% increase instead of the actual 5.2%.
The Chinese engineering, procurement, construction, and management (EPCM) market is poised for continued growth. This growth trajectory is underpinned by the nation's ongoing infrastructure developments, government initiatives, and rising investments in industrial and energy ventures. The significant investments in clean energy and infrastructure projects directly boost the EPCM market by increasing demand for engineering and construction services. Additionally, the integration of new technologies and sustainability practices will shape the market's future direction, offering a fertile ground for firms that can innovate and adapt to these evolving trends.
China Engineering, Procurement, And Construction Management (EPCM) Market Trends
Government Infrastructure Investments are Bolstering the Chinese EPCM Market
- The Chinese government's emphasis on urban expansion fuels extensive infrastructure projects, spanning roads, bridges, railways, and airports. These endeavors necessitate comprehensive EPCM services for efficient planning, procurement, and construction management.
- Under initiatives like the "New Infrastructure" plan, China invests in cutting-edge industries like 5G networks, data centers, and smart cities. Such ventures escalate the demand for sophisticated EPCM services to oversee these intricate technological advancements.
- The Belt and Road Initiative (BRI) seeks to bolster global trade routes by bolstering infrastructure in Asia, Europe, and Africa. This strategy allows Chinese EPCM firms to engage in global projects, extending their engineering, procurement, and construction management services worldwide.
- In July 2024, the Chinese government announced a planned investment of at least CNY 14.8 trillion (USD 2.3 trillion), surpassing the USD 1.1 trillion US infrastructure package approved by Congress last year. Notably, the Chinese economy, buoyed by robust infrastructure development, showcased a 5% growth in the first half of 2024.
- Experts anticipate a surge in public sector investments in the latter half of 2024 as the nation intensifies its infrastructure initiatives to bolster the economy. China significantly ramped up investments in major infrastructure projects, including transportation networks and water conservancy, in the first half of 2024. This surge has injected fresh vigor into the economy, according to experts.
- Experts noted that the economy's resilience, marked by a 5% growth in the first half, was largely propelled by this infrastructure push. To sustain this momentum, they emphasized the need for further investments, especially in areas directly addressing public needs.
- Major projects involve various enterprises, from raw material suppliers to equipment manufacturers. With the government's substantial investments in these assets, economic growth is poised for further acceleration," highlighted Wang Peng, an associate research fellow at the Beijing Academy of Social Sciences. These investments elevate living standards and catalyze the entire industry chain. Throughout the year, various regions have actively pushed for major project constructions, significantly boosting overall investments.
- Data from the National Bureau of Statistics (NBS) reveals that first-half fixed-asset investments surged by 3.9% year-on-year, reaching CNY 24.53 trillion (USD 3.38 trillion). Notably, investments in projects with budgets exceeding CNY 100 million (USD 14 million) saw an 8.4% rise, outpacing the overall investment growth by 4.5%, bolstering the total investment growth.
- For instance, China Railway reported a record-high investment of CNY 337.3 billion (USD 47.22 billion) in railway construction, marking a 10.6% increase from the previous year, the highest for the same period in history. These developments significantly boost the EPCM market in China. The surge in infrastructure projects creates a high demand for EPCM services, driving market growth. The government's substantial investments and the complexity of new projects necessitate advanced EPCM solutions, further expanding the market. Additionally, international projects under the BRI provide Chinese EPCM firms with opportunities to extend their services globally, enhancing their market presence and expertise.
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The Increasingly Complex Projects are Fueling Growth in the Chinese EPCM Market
- Smart city development entails integrating cutting-edge technologies like IoT, big data, and AI into urban planning. Given the complexity of these projects, sophisticated EPCM services are essential to navigate the intricate planning, procurement, and construction processes.
- Given their scale and technological demands, China's expansive high-speed rail networks and ambitious transportation initiatives pose significant challenges. EPCM firms overseeing these endeavors must expertly handle engineering design, procurement, and construction coordination.
- Undertaking the construction of large-scale renewable energy projects, like solar and wind farms, involves intricate engineering and procurement processes. These initiatives demand EPCM expertise to incorporate new technologies, manage supply chains, and ensure adherence to regulations. In August 2024, RSHP, in collaboration with Tongji Architectural Design (Group) Co. (TJAD), secured the design contract for the upcoming phase of the Zhongyuan International Convention and Conference Centre complex. This project, situated in the Zhengzhou Airport Economic Zone (ZAEZ) and developed by the Henan Airport Construction & Development Corporation, stands adjacent to the international airport.
- The design features a 1.7 km-long elevated central spine, linking the main entrances, exhibition halls, conference center, and hotel, emphasizing connectivity and modularity. This layout prioritizes accessibility and pedestrian-friendliness, with the spine's two levels offering distinct circulation routes for varying pedestrian speeds. This segregation caters to different activities, from viewing exhibits to dining and shopping, underscoring the need for EPCM services.
- Urban projects blending residential, commercial, and recreational spaces necessitate meticulous coordination across disciplines. EPCM firms are pivotal in managing these multifaceted developments, overseeing everything from architectural design to procurement and construction.
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China Engineering, Procurement, And Construction Management (EPCM) Industry Overview
The Chinese engineering, procurement, and construction management (EPCM) market boasts a competitive landscape with a blend of dominant local entities, global corporations, and a landscape shaped by governmental policies and market dynamics. Among these, CSCEC, a global construction giant, stands out as a key player in China's EPCM realm, undertaking diverse projects spanning infrastructure, real estate, and industrial ventures.
Operating as a subsidiary of the China National Petroleum Corporation (CNPC), CPECC specializes in engineering and construction, particularly in the oil and gas industry, covering both upstream and downstream projects. Meanwhile, CNCEC specializes in chemical engineering endeavors, offering comprehensive EPCM solutions across multiple industries with a petrochemical and industrial projects portfolio.
China Engineering, Procurement, And Construction Management (EPCM) Market Leaders
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China National Petroleum Corporation (CNPC)
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China State Construction Engineering Corporation (CSCEC)
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Sinopec Engineering (Group) Co. Ltd
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China Communications Construction Company (CCCC)
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Shanghai Electric Group
- *Disclaimer: Major Players sorted in no particular order
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China Engineering, Procurement, And Construction Management (EPCM) Market News
- March 2024: AECOM, a leading global infrastructure consulting firm, revealed that a joint venture comprising AECOM and Halcrow China Limited, a subsidiary of Jacobs, secured a contract from the Civil Engineering and Development Department of the HKSAR Government. Their task is to spearhead the development of the San Tin Technopole, a pivotal component of the expansive 610-hectare Northern Metropolis project. AECOM's responsibilities within this collaboration encompass a 250-hectare segment, entailing services such as design, project oversight, site preparation, engineering infrastructure, landscaping, and environmental monitoring. The envisioned San Tin Technopole is slated to be a multifaceted hub, supporting innovation, technology, residential areas, community spaces, commercial ventures, and critical infrastructure.
- January 2024: The prestigious China Construction Engineering Luban Prize for overseas projects was awarded to four projects constructed by CSCEC. These projects include the Morodok Techo National Stadium, the Sabah AlSalem University City of Kuwait University, the Algeria North-South Highway, and the Hong Kong Palace Museum. The Morodok Techo National Stadium, located in Cambodia, stands as a symbol of the growing sports infrastructure in the region. The Sabah AlSalem University City of Kuwait University represents a significant advancement in educational facilities in Kuwait. The Algeria North-South Highway is a critical infrastructure project that enhances connectivity and economic development in Algeria. Lastly, the Hong Kong Palace Museum showcases the rich cultural heritage and serves as a major cultural landmark in Hong Kong.
China Engineering, Procurement, And Construction Management (EPCM) Industry Segmentation
Engineering, procurement, and construction management (EPCM) is a comprehensive service model used in project management and construction that involves the full spectrum of activities necessary to complete a construction project from inception to completion. It encompasses the engineering design, procurement of materials and services, and the management of construction activities.
The Chinese engineering, procurement, and construction management (EPCM) market is segmented by services (engineering, procurement, construction, and other services) sector (residential, commercial, industrial, infrastructure (transportation), and energy and utilities). The report offers market size and forecasts for the engineering, procurement, and construction management (EPCM) market in value (USD) for all the above segments.
| By Service | Engineering |
| Procurement | |
| Construction | |
| Other Services | |
| By Sector | Residential |
| Commercial | |
| Industrial | |
| Infrastructure (Transportation) | |
| Energy and Utilities |
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China Engineering, Procurement, And Construction Management (EPCM) Market Research FAQs
How big is the China Engineering, Procurement, And Construction Management Market?
The China Engineering, Procurement, And Construction Management Market size is expected to reach USD 0.62 trillion in 2025 and grow at a CAGR of 15.47% to reach USD 1.28 trillion by 2030.
What is the current China Engineering, Procurement, And Construction Management Market size?
In 2025, the China Engineering, Procurement, And Construction Management Market size is expected to reach USD 0.62 trillion.
Who are the key players in China Engineering, Procurement, And Construction Management Market?
China National Petroleum Corporation (CNPC), China State Construction Engineering Corporation (CSCEC), Sinopec Engineering (Group) Co. Ltd, China Communications Construction Company (CCCC) and Shanghai Electric Group are the major companies operating in the China Engineering, Procurement, And Construction Management Market.
What years does this China Engineering, Procurement, And Construction Management Market cover, and what was the market size in 2024?
In 2024, the China Engineering, Procurement, And Construction Management Market size was estimated at USD 0.52 trillion. The report covers the China Engineering, Procurement, And Construction Management Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the China Engineering, Procurement, And Construction Management Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
China Engineering, Procurement, And Construction Management (EPCM) Industry Report
Statistics for the 2025 China Engineering, Procurement, And Construction Management (EPCM) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Engineering, Procurement, And Construction Management (EPCM) analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
