Energy Sector Is Driving New Projects and Use of EDT
The combined market for Engineering Design Tools (EDT) for Plants and Infrastructure market remains strong globally. The collective market of plants and infrastructure domains includes much of what 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.
The execution of these massive projects often requires the forming of joint ventures or partnerships of engineering, construction, and owner organizations.
The energy sector including oil & gas and power generation across 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 EDT can yield not only to the project phase but also the operations phase of assets in both plants and infrastructure.
Different market dynamics exist between the industry and infrastructure domains. Users need to know the capabilities and strategies of suppliers for their market. Additionally, both EPCs and owner-operators need to be aware of the market and the technologies affecting it.
- How can suppliers increase their value proposition?
- Where are the best opportunities for growth – industry or infrastructure?
- How are Greenfield and Brownfield projects impacted by technologies like laser scanning?
- What is the present status of ‘integrated engineering’?
- How is new technology changing EDT offerings?