The engineering industry deals with the design, operation and manufacturing of machines, devices and structures. The engineering industry is segmented into heavy engineering and light engineering. Heavy engineering segment forms the largest part of the global engineering industry. Heavy engineering segment is further divided into machinery and equipment segments. Machinery segment includes powertransmission, generation and distribution equipment such as generators, transformers, switchgear and motors.
Broadly, engineering industry involves chemical, industrial, electrical and electronics, civil, and mechanical division where each division is concerned with specific services. The chemical division is concerned with construction and design of machinery and plants for chemical products like synthetic rubber, drugs, etc. The civil engineering deals with construction, planning and designing of structures. The electrical and electronics division is concerned with designing and manufacturing of electronic devices such as computers and other electronic goods. The mechanical engineering specializes in manufacturing and designing of power plants, engines and related devices, whereas industrial division deals with complex processes used to optimize various engineering procedures such as plans, etc.
Need for design services in industrial equipment, building and infrastructure projects, environmental projects and operation of industrial processes have been driving the market for engineering services. In order to improve processes, enhance efficiency, reduce cost and production time, organizations are outsourcing their engineering services. Engineering Services Outsourcing (ESO) refers to outsourcing of non-physical engineering tasks such as consultation, simulation and designing.
The growing demand for automation has resulted in the increased adoption of engineering software globally. Engineering software products help companies to provide a customized solution to their customers, which ultimately offers a competitive edge over the competitors. The global engineering software market is driven by rising penetration of portable computing devices, rising mobility and trend in Bring Your Own Device (BYOD). However, high license and maintenance cost along with the lack of technical expertise are proving to be the market restraints.ASDReport.com offers a rich repository of reports on engineering market. The reports cover various sectors such as engineering plastics, engineering services outsourcing and much more.