Dublin, May 10, 2023 (GLOBE NEWSWIRE) -- The "Architectural, Engineering Consultants And Related Services Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global architectural, engineering consultants and related services market grew from $1,456.69 billion in 2022 to $1,525.79 billion in 2023 at a compound annual growth rate (CAGR) of 4.7%. The architectural, engineering consultants and related services market is expected to grow from $1,773.06 billion in 2027 at a CAGR of 3.8%.
This global architectural, engineering, and related services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The rise in demand for environmentally safe and certified buildings is expected to drive the architecture and engineering services market. Consumers, state governments, and NGOs are working towards making residential and commercial buildings more energy efficient and self-sufficient. Private constructors and real estate developers are redesigning projects to fulfil these demands, leading to many benefits such as an increase in rental and resale value, home-owner satisfaction, lower operating costs, and regional or international recognition.
The US Green Building Council launched the Leadership in Energy and Environmental Design (LEED) certification program to establish a set of rating systems that define the construction, design, and maintenance of residential projects. According to a study by the US Green Building Council (USGBC), LEED-certified buildings have managed to reduce carbon, energy, waste, and water waste by almost 30-97% and operating costs by more than 9%.
Architectural and engineering consultants are using 5D building information modelling (BIM) to create dynamic building designs that can be altered at later stages of the project. BIM software is a tool used to design buildings and structures, including lighting, HVAC systems, and mechanical, electrical, and plumbing systems.
It can also be used for clash detection, cost estimation, and safety analysis. 5D building information modelling (BIM) involves creating architectural designs that can be modified and customized in real time. This system collects data from different project teams and helps collaborate with the entire construction chain, eliminating project delays. For instance, construction management company
The Korte Company is using 5D BIM technology for project design, planning, and cost estimation, thereby enabling faster decision-making. The Maharashtra Metro Rail Corporation in the Indian state of Maharashtra is using 5D BIM in its construction projects worth $3 billion to reduce costs and litigation.
Western Europe was the largest region in the architectural, engineering consultants and related services market in 2022. North America was the second largest region in the architectural, engineering consultants and related services market. The regions covered in the architecture, engineering consultants and other related services (A, EC & related services) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Scope
Markets Covered:
1) By Type: Engineering Services; Architectural Services; Surveying & Mapping Services; Geophysical Services; Laboratory Testing Services; Building Inspection Services; Drafting Services
2) By Application: Road; Rail; Port; Airport; Pipeline; Power; Other Applications
3) By Service Provider: Large Enterprise; Small and Medium Enterprise
Subsegments Covered: Civil Engineering Services; Electrical Engineering Services; Mechanical Engineering Services; Other Engineering Services; Landscape Architectural Services; Building And Structural Architectural Services Geophysical Data Collection; Geophysical Data Sales; Integrated Geophysical Services; Other Geophysical Services
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Architectural, Engineering Consultants And Related Services Market Characteristics
4. Architectural, Engineering Consultants And Related Services Market Product Analysis
5. Architectural, Engineering Consultants And Related Services Market Supply Chain
6. Architectural, Engineering Consultants And Related Services Market Customer Information
7. Architectural, Engineering Consultants And Related Services Market Trends And Strategies
8. Architectural, Engineering Consultants And Related Services Market - Macro Economic Scenario
9. Architectural, Engineering Consultants And Related Services Market Size And Growth
10. Architectural, Engineering Consultants And Related Services Market Regional Analysis
11. Architectural, Engineering Consultants And Related Services Market Segmentation
12. Architectural, Engineering Consultants And Related Services Market Segments
13. Architectural, Engineering Consultants And Related Services Market Metrics
14. Asia-Pacific Architectural, Engineering Consultants And Related Services Market
15. Western Europe Architectural, Engineering Consultants And Related Services Market
16. Eastern Europe Architectural, Engineering Consultants And Related Services Market
17. North America Architectural, Engineering Consultants And Related Services Market
18. South America Architectural, Engineering Consultants And Related Services Market
19. Middle East Architectural, Engineering Consultants And Related Services Market
20. Africa Architectural, Engineering Consultants And Related Services Market
21. Architectural, Engineering Consultants And Related Services Market Competitive Landscape
22. Key Mergers And Acquisitions In The Architectural, Engineering Consultants And Related Services Market
23. Market Background: Design, Research, Promotional And Consulting Services Market
24. Recommendations
25. Appendix
A selection of companies mentioned in this report includes
- PowerChina
- Fluor Corporation
- AECOM Technology Corporation
- WorleyParsons Limited
- McDermott International Inc.
- Jacobs Engineering Group Inc.
- John Wood Group PLC
- KBR Inc.
- Babcock International and WSP Global Inc.
For more information about this report visit https://www.researchandmarkets.com/r/xwhml3
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