Engineering Services Market Growth Analysis, Scope and Advancement Outlook 2019 (Based on 2020 COVID-19 Worldwide Spread) | Balfour Beatty, Laing O' Rourke, Kiewit Corporation

The global Engineering Services Market Report 2019 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global Engineering Services market.

Engineering Service companies handle planning, designing and supervision of construction related to a wide range of industries.

The global Engineering Services Market was valued at $1022.9 billion in 2017. Western Europe was the largest geographic region accounting for $312.9 billion or 30.5% of the global market. And the USA was the largest country accounting for $218.6 billion or 21.3% of the global engineering services market.

Engineering services firms are increasingly using industrial IoT to improve their production process. Internet of things or IoT is a system of interrelated systems or devices that enables to transmit data over a wide range of network. By using this technology, engineering service firms exchange real time information that helps to design and develop products at a fast rate.

Markets Covered: Civil Engineering Services; Environmental Engineering Services; Construction Engineering Services; Mechanical Engineering Services, Others.

Companies Mentioned: Balfour Beatty, Laing O' Rourke, Kiewit Corporation, Hochtief Aktiengesellschaft, ACS Group.

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Industry News: April 14, 2020 |

Three of the key players behind the first commercial-sized post-combustion carbon capture system in the U.S. -- the Petra Nova facility in Thompson, Texas -- are reuniting to help further the adoption of carbon capture, utilization, and storage (CCUS) technologies.

Kiewit Engineering Group, Mitsubishi Heavy Industries America (MHIA) and Sargent & Lundy are working under the direction of the Prairie Research Institute within the University of Illinois at Urbana-Champaign to complete a front-end engineering design (FEED) study for the retrofit of the Prairie State Generating Station in Marissa, Illinois. The purpose of the study is to design a system that would capture 95 percent of carbon emissions at the facility and incorporate additional carbon offset strategies to achieve a net-zero operation. The FEED study is made possible through funding from the U.S. Department of Energy's Office of Fossil Energy and administered by the National Energy Technology Laboratory. This study is for the largest post-combustion carbon capture facility in the world with the intent to be "shovel ready" at the completion of the study.

Description:
Where is the largest and fastest growing market for the Engineering Services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Engineering Services market global report from the Business Research Company answers all these questions and many more.

Geographic scope:

For comprehensive understanding of market dynamics, the global Engineering Services Market is analyzed across key geographies namely: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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