Electrical Computer Aided Design Market Share, As Per MRFR Study Period Share by Regions, Demand and Developments Profiles, 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.
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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.
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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…..
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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….
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