Electrical Computer Aided Design Market Share, Research Product development Demographic Growth Business Trends, COVID – 19 Outbreak, Key Vendors Analysis, Import & Export, Revenue
Electrical Computer-Aided
Design Market Overview:
The Global Electrical
Computer Aided Design Market Share is expected to reach USD 2860.3
Million by 2024 at a CAGR of 9.22% during the forecast period.
Market Research Future (MRFR) in its report envelops segmentations and drivers
to provide a better glimpse of the market in the coming years.
Cloud computing is a
driving force for the designing field, as it enables designers to access tools
and collaborate with their teams over a single platform to make informed
decisions during the designing stage. According to a Worldwide CAD Trends 2016
survey conducted by Business Advantage, the use of cloud-based CAD is likely to
go up to 29% over the next three to five years. However, the piracy of ECAD
software is a major factor limiting the growth of the global electrical
computer-aided design (ECAD) market. Increasing use of cloud-based ECAD
tools and increasing demand for automation in process industries such as oil
& gas and manufacturing are contributing to the growth of the global
electrical computer-aided design (ECAD) market.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/8235
Competitive Analysis
The key players of the
global electrical computer-aided design (ECAD) market are Dassault
Systèmes SE (France), EPLAN Software & Service (Germany), Siemens AG
(Germany), Autodesk, Inc. (US), Trimble, Inc. (US), Bentley Systems, Inc. (US),
Nemetschek SE (Germany), IGE+XAO (France), and ALPI International
Software (France), among others.
In January 2019, Trimble
launched the latest version of its architectural modeling software—SketchUp Pro
2019. The product has layers with dashed lines which allow simplifying drawings
with effective communication.
In February 2017, IGE+XAO
Group opened a new subsidiary in India—IGE+XAO INDIA Private Limited—to enhance
its distribution capabilities. This subsidiary distributes IGE+XAO Electrical
CAD, PLM, and simulation software for the rapidly expanding Indian market.
Segmental Analysis:
The global electrical
computer-aided design (ECAD) market has been segmented based on component,
industry type, application, vertical, and region.
Based on component, the
market has been classified as software and services (support, training, and
maintenance). The software segment accounted for the largest market share in
2018; the services segment is expected to register the highest CAGR during the
forecast period. Electrical Computer Aided Design
Market Share is
a real-time standalone, easy-to-use, multi-user electrical design tool that
helps in efficiently defining the electrical interconnections for complex
electrical systems. Various organizations provide a range of ECAD support
services to provide insights into, and detailed information about the entire
ECAD software system. Training service providers offer online training,
customized classes, classroom, and on-site training, and one-day training
classes to end users. The regular maintenance of ECAD software prevents
unwanted downtime and proves critical to maintaining a smooth-running facility.
Maintenance services help organizations to support the work efficiency of
software on a timely basis.
Based on industry type,
the market has been classified as process industry and discrete industry. The
discrete industry segment accounted for the largest market share in 2018, with
a market value of USD 1,192.7 million; it is expected to register the
highest CAGR during the forecast period. The discrete industry involves the
production of whole equipment or parts/components; ECAD is required to create
and modify the design of an equipment manufacturing process. Various software
providers, such as Autodesk, offer ECAD software solutions and for discrete
product manufacturing. The solutions provide 3D model designing, engineering,
data management, and process management. The implementation of software in
process industry enhances productivity, which saves time and minimizes errors
in implementation planning. Different process industries require a different
set of ECAD features and capabilities that vary as per the industry
requirements. The adoption of ECAD is expected to grow significantly in the
process industry during the forecast period.
Based on application, the
market has been classified as industrial machine controls, plant design, mining
equipment control, rail signaling, switchgear design, water treatment and
distribution system control, and others. The industrial machine controls
segment accounted for the largest market share in 2018, while the water
treatment and distribution system control segment is expected to register the
highest CAGR during the forecast period. Machine control helps in increasing
productivity, reducing costs, and improving ease-of-use. Industrial machines
are custom designed for their specific purpose and are optimized for
throughput, precision, and availability. A plant layout largely impacts the
total operation of a company which includes the production processes, equipment,
storage, and dispatch. Signaling is one of the important components of railway
network design, as the control and management of trains depend on signals for
safer train movement. ECAD software is used in rail signaling to perform tasks
such as modifying existing interlockings or creating new ones, editing of
interlockings, making wiring schematics, generating wiring schedules and tables
and tables linked to schematics automatically, creating rack layouts linked to
schematics, and auto-generation of plans and documentation. The ECAD
software covers the entire range of services in designing switchgear, which
includes mounting layout in 3D, using the virtual wiring of the components to
the individual design and adaptation of copper bars for flexible power distribution
systems. In a water treatment plant, there are various electrical tasks
performed, such as design and build of integrated power and control solutions.
It is essential that the electrical network of a water treatment plant is in
line with the required processing quality of the plant so that it can operate
using optimal energy and reduced cost.
Regional Analysis:
The global electrical
computer-aided design (ECAD) market, by region, has been segmented into
Asia-Pacific, North America, Europe, and the rest of the world. North America
is expected to dominate the global electrical computer-aided design (ECAD)
market during the forecast period due to the increasing number of process and
discrete industries and high investments in industrial manufacturing in the
region.
Access Report Details
@ https://www.marketresearchfuture.com/reports/electrical-computer-aided-design-market-8235
Table of Content
1 Executive Summary
2 Market Introduction
2.1 Definition 17
2.2 Product Considered 17
2.3 Scope of The Study 18
2.4 Market Structure 19
Continued….
List of Tables
Table 1 List of
Assumptions 26
Table 2 Global Electrical
Computer-Aided Design (Ecad) Market, By Component, 2020–2027 (Usd Million) 35
Table 3 Software:
Electrical Computer-Aided Design (Ecad) Market Estimates & Forecast, By Region
36
Table 4 Global Electrical
Computer-Aided Design (Ecad) Market, By Services, 2020–2027 (Usd Million) 36
Table 5 Support:
Electrical Computer-Aided Design (Ecad) Market Estimates & Forecast, By
Region 37
Continued…..
Similar Report:
Telecom Outsourcing Market: By Outsourcing Type (Call Centre, Billing
Operations), by Project Period (Long Term, Short Term), by Services (Managed
and Professional Services), by Organization Size (SMEs & Large
Organizations), by Network Type (Fixed and Mobile)
Open Source Intelligence (OSINT)
Market: By Security Type (Human Intelligence, Content
Intelligence, Dark Web Analysis, Link/Network Analysis, Data Analytics, Text
Analytics, Artificial Intelligence, Big Data, Others), Technology (Bid Data
Software, Video Analytics, Text Analytics, Visualization Tool, Cyber Security,
Web Analysis, Social Media Analysis, Others), Application (Military &
Defense, Homeland Security, Private Sector, Public Sector, National Security,
Others)
List of Figures
Figure 1 Market Synopsis
16
Figure 2 Market
Structure: Global Electrical Computer-Aided Design (Ecad) Market 19
Figure 3 North America
Market Size & Market Share By Country (2020 Vs 2027) 20
Figure 4 Asia-Pacific
Market Size & Market Share By Country (2020 Vs 2027) 20
Figure 5 Europe Market
Size & Market Share By Country (2020 Vs 2027) 21
Continued….
About Market Research
Future:
At Market Research Future
(MRFR), we enable our clients to unravel the complexity of various industries
through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR),
Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
MRFR team have supreme
objective to provide the optimum quality market research and intelligence
services to our clients. Our market research studies by Solutions, Application,
Logistics and market players for global, regional, and country level market
segments, enable our clients to see more, know more, and do more, which help to
answer all their most important questions.
Contact
Market Research Future
Office No. 528, Amanora
Chambers
Magarpatta Road,
Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
Comments
Post a Comment