Engineering Design Tools for Plant Design and Infrastructure

The combined market for engineering design tools (EDT) for plant design and infrastructure continues to experience stable and steady activity globally. The collective market of infrastructure, power, process, and marine domains includes a large portion of everything built in the world today. This includes buildings, ships, offshore bridges, city infrastructure, roads & highways, rail transportation, electrical power generation & grids, industrial manufacturing plants, mining facilities, utility infrastructure, oil & gas facilities, chemical plants, and other process industry plants.

Over time, many capital expenditure (CapEx) projects for industrial plants and architecture have become very large, complex, time-consuming, and expensive. Because of this, the engineering procurement and construction (EPC) contractors involved in these projects have made a concerted effort to focus on efficiency, cost containment, and collaborative information access across the design/build/operate/maintain lifecycle. Many of the EDT and building information management (BIM) suppliers currently involved in these markets now offer solutions that address these issues.

CapEx spending has steadied as companies and the governments that fund these projects consider the complexities and costs of new mega-projects in light of future global markets and business drivers. Risk aversion continues to be a significant element of project planning.

Economic macro trends currently affect the EDT, BIM, and architectural engineering, and construction (AEC) market as evidenced by some year-to-year revenue reports from leading suppliers and the flattening of the overall global business. Distinct market drivers include the continued decline of the global crude oil commodities’ market, a slowing down of growth in certain markets such as China and Brazil, and continued reduction and budget tightening for large capital projects in the oil & gas, energy, and civil infrastructure sectors.

Often, executing these massive projects requires forming joint ventures or partnerships between engineering, construction, and owner organizations. Interdependent joining of disparate stakeholders requires use of the latest generation of more collaborative 3D engineering design tools for efficient project execution.

Table of Contents

• Executive Overview

• Information Collaboration Improves Project Efficiency

• Emerging Technologies Drive Future of EDT/BIM

• Recommendations

   

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