Global Electrical Design & Engineering Category Intelligence
Key Global Supplier Profiling
Mergers and Aquisitions
Regional Market Outlook- Europe, LATAM, APAC
Market Size North America
Market Size Europe
Market Size Asia Pacific
Market Size Latin America
Global Electrical Design & Engineering Market Trends
Category Intelligence on Global Electrical Design & Engineering covers the following
Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice
Table of contents
Global Electrical Design & Engineering Market Executive Summary
BREXIT Impact Update
Global Electrical Design & Engineering Global Market Analysis
Global Electrical Design & Engineering Outlook
Drivers and Constraints
Global Electrical Design & Engineering Market Regional Market Analysis
Key Global Supplier Profiling
Key Regional Supplier Profiling
Global Electrical Design & Engineering Market Procurement Best Practices
Procurement Best Practices: Case Studies
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Industry Outlook & Drivers
Global Electrical Engineering Design Services Market Outlook
The global electrical ED market is forecasted to grow at a CAGR of 4– 5 percent to reach $268 billion by 2021, driven by the increasing investment in commercial & industrial construction segments
Majority of the firms in this industry operate within their national/regional market, due to:
– Expertise in specialized electrical engineering and design services
– Myriad regional regulations
A trend of mergers and alliances of various global engineering firms has been witnessed over the past decade to increase foothold in various regions across the globe
The industry is highly fragmented across all the regions, with the top 10 firms accounting for only ~5 percent of the market
Global industrial buyers generally prefer sub-contracting electrical engineering and design services to a large EPC/EPCM contractor as a turn-key/design-build project to eliminate risk and ease of implementation
The global electrical design & engineering industry is projected to grow at a CAGR of ~4–5 percent between 2018 and 2021
The industry is valued at $223.6 billion in 2017, and it is expected to reach $268 billion in 2021. In 2017, the top 10 MEP firms earned $6.1 billion in MEP engineering design revenue, a 6 percent decrease over 2016
The demand for the electrical design services is driven by the new construction segment, namely healthcare/pharmaceutical, commercial, green buildings, and industrial facilities
APAC accounts for almost 55 percent share in the overall electrical ED market, followed by North America and Europe, with a share of 19 percent and 18 percent, respectively
The top global electrical engineering design services providers are Jensen Hughes, Affiliated Engineers Inc. WSP, Global IPS, Syska Hennessy, GHD, Poyry, Ramboll Group, EMCOR and EXP.
Engineering market analysis shows that the top trending technologies are smart devices, SPV roof shingles, cloud sharing and solid-state lighting.
Drivers and Constraints
Building refurbishment: During 2018–2021, there will be an increase in the refurbishment of commercial and mixed-use buildings. This will be a major driver for electrical design & engineering services globally
Sustainable/green design: Sustainable design is of high demand in the market, currently leading to the rise of niche segments, like lighting, low consumption energy design, solar panel integrated roof, etc.
Government regulation/initiatives: Governments across the world are emphasizing more production of renewable energy. This has led to an increase in the demand for electrical design in power and energy sectors
Recruiting and retaining staff: Skilled workers have left the industry, due to the economic downturn and high wages offered in other allied industries. In the developed countries, there is a huge shortage of skilled electrical contractors
Technology adoption: Poor adoption of MEP BIM and 3D Laser Scanning by suppliers and buyers have led to delay in advantageous time and cost-estimation methods
New skills from electrical contractors: The increasing use of electrical smart devices and energy management systems required new skills from the electrical contracting professionals, as they are reluctant to change, due to insufficient training
Electrical Design & Engineering Market Overview
The North American electrical engineering design services market is highly fragmented, with the top 50 electrical engineering contractors accounting for only approx. 15–20 percent of the share in the overall market.
Due to increasing competition, service providers try to enter into alliance with the buyers to provide various services.
Regional service providers are not highly experienced to cater to niche requirements of technical sectors, like pharmaceuticals and healthcare facilities.
The global players, who enter the market, usually participate in the oil & gas projects, through collaborations with local service providers.
Regional service providers are less experienced to share risk and enter into a strategic relationship.
Europe engineering market analysis shows that the quality and the supply assurance of engineering projects make regional players an ideal choice for global buyers to share the risk.
The specialized electrical engineering design services landscape is becoming increasingly competitive with high number of suppliers, thereby leading to increase in buying power.
The technically sound and experienced global players in the mature market have the ability to share risk with large buyers across the regions.
The volatile political and economic situation in the developing countries hamper the long- term relationship in these countries.
Why You Should Buy This Report
Information about engineering market analysis, electrical engineering design services market size, maturity, trade dynamics, industry trends, technology trends, and drivers and constraints.
Regional market outlook and supplier analysis of major players like Affiliated Engineers Inc., WSP Global, ME Engineers, etc.
Best procurement practices like sourcing, contract and pricing models.