Energy Sector Is Driving New Projects and Use of EDT
The combined market for engineering design tools (EDT) for plants and infrastructure remains strong globally. The collective market of plants and infrastructure domains includes much of what that is built in the world today, including buildings, bridges, city infrastructure, roads and highways, offshore, rail transportation, electrical power generation and grids, manufacturing plants, mining facilities, utility infrastructure, oil and gas facilities, and chemical and other process industry plants.
Projects in both plants and infrastructure have become very large, exceedingly complex, of long duration, and highly expensive.
Executing these massive projects often requires joint ventures or partnerships between engineering, construction, and owner/operator organizations.
The energy sector, including oil & gas and power generation (fossil, nuclear, and alternative energy) is clearly driving much of the new projects in plants and infrastructure. Beyond the project phase, asset owners are now seeing the additional value that engineering design tools can provide during the much longer operations phase of assets in both plants and infrastructure.
The plant and infrastructure domains have different market dynamics. Users need to know the capabilities and strategies of suppliers for their particular market. Additionally, both EPCs and owner-operators need to be aware of the market and relevant technologies. This study answers key questions, such as:
- How can suppliers increase their value proposition?
- Where are the best opportunities for growth – industry or infrastructure?
- How do technologies like laser scanning impact both greenfield and brownfield projects?
- What is the present status of ‘integrated engineering’?
- How is new technology changing EDT offerings?