Global Architectural, Engineering Consultants and Related Services Market Report by The Business Research Company 2022 – Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, UK, February 18, 2022 /EINPresswire.com/ — Architectural, engineering consultants and related services market trends include consultants using 5D Building Information Modeling (BIM) to create dynamic building designs that can be modified 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 conflict detection, cost estimation and security analysis. A 5D Building Information Modeling (BIM) is all about creating architectural designs that can be modified and customized in real time, which has changed the market outlook for architectural, engineering consultants and related services. This system collects data from different project teams and helps collaborate with the entire construction chain, eliminating project delays. For example, construction management company The Korte Company uses 5D BIM technology for project design, planning and cost estimation, enabling faster decision-making. The Maharashtra Metro Rail Corporation in the Indian state of Maharashtra is using 5D BIM in its $3 billion construction projects to reduce costs and litigation.
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The global architectural, engineering consulting and related services market is expected to grow from $1.29 trillion in 2021 to $1.42 trillion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The growth of the architectural, engineering consultants and related services market is mainly due to the reorganization of their activities by the companies and the recovery from the impact of the COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and business closures. activities that have resulted in operational difficulties. The market for architectural, engineering consultants and related services is expected to reach $1.97 trillion by 2026 with a CAGR of 8.6%.
Rising demand for eco-friendly and certified buildings is expected to drive the global market for architectural, engineering consultants and related services. 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 successfully reduced carbon, energy, waste and water waste by nearly 30-97% and operating costs by over by 9%.
Top Players Covered Worldwide architectural, engineering and related services consulting industry are 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.
Western Europe was the largest region in the architectural, engineering consultants and related services market in 2021. North America was the second largest region in the architectural, engineering consultants and related services market related services. Regions covered in the Architectural, Engineering Consultants and Related Services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America South, the Middle East and Africa.
TBRC’s Global Architectural, Engineering Consultants and Related Services Market analysis report is segmented by Type into Engineering Services, Architectural Services, Surveying and Mapping Services, Geophysical Services, laboratory testing, building inspection services, drafting services, by application in road, rail, port, airport, pipeline, electricity, others, by service provider in large enterprises, small and medium enterprises.
Global Architectural, Engineering Consultants and Related Services Market Report 2022 – By Type (Engineering Services, Architectural Services, Surveying and Mapping Services, Geophysical Services, Laboratory Testing Services, Architectural Services) (Building Inspection, Drafting Services), By Application (Airport, Pipeline, Power), By Service Provider (Large Enterprise, Small & Medium Enterprise) – Global Market Size, Trends & Forecast 2022-2026 Part of a series new reports from The Business Research Company which provides an architectural, engineering consulting and related services market overview, forecast of the size and growth of the architectural, engineering consulting and related services market for the entire market, architectural, engineering and related services consultants market segments, geographies, architectural consultants market trends, e n Engineering and Related Services, Architectural and Engineering Consultants and Related Services Market Drivers, Constraints, Key Competitors Revenue, Incumbents Profiles and Market Share.
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