The global civil engineering market size in terms of revenue was valued to be valued at USD 7.74 trillion in 2017 growing at a 5.7% CAGR during the forecast period. Progress in infrastructure development has also favoured the market, along with stringent government standards, regulations and increase in international investments in developing markets such as Asia Pacific and Middle East and Africa (MEA).
Increase in disposable income coupled with rapid rise in the middle-income population is the factor driving the global civil engineering market, mainly in India and China. Additionally, advancement in technology in various civil engineering processes and event, in addition to advent of various software and solutions, has encouraged the market to a great extent.
Regulations in North America and Europe concerning emission of volatile organic compounds (VOC) during construction are likely to encourage demand for precast construction products in these regions. Organization and companies occupied in civil engineering all over the world are more and more focusing on eco-friendly building products attributable to growing awareness about the importance of green products and energy efficiency. Introduction of new technologies and materials is expected to create lucrative opportunities for players over the next few years. Chemical and gas scrubbers are commonly used equipment for air pollution control. Catalytic converters are air pollution control systems which convert gases emitted by industrial exhausts and hazardous pollutants into non-hazardous particulate matter by forming a redox reaction, where there is an oxidation and a reduction reaction.
Some of the most prominent users of air pollution control systems are chemical industries. These industries include manufacturers of specialty chemicals, basic chemicals, niche chemicals, and consumer chemicals.
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Huge investments by governing bodies in order to improve infrastructure is likely to impact the global civil engineering market positively during the forecast period. Various developing markets are providing financial benefits to encourage regional development, both in terms of investment and infrastructure development. Rapid increase of global population is expected to create significant requirement for residential infrastructure and construction. A blooming real estate sector in emerging economies such as China and India is expected to additionally drive the market.
Regulations in North America and Europe concerning emission of volatile organic compounds (VOC) during construction are likely to encourage demand for precast construction products in these regions. Organization and companies occupied in civil engineering all over the world are more and more focusing on eco-friendly building products attributable to growing awareness about the importance of green products and energy efficiency. Introduction of new technologies and materials is expected to create lucrative opportunities for players over the next few years.
The key players catering to the global civil engineering market are AECOM, Amec Foster Wheeler plc, United States Army Corps of Engineers, SNC-Lavalin, Jacobs Engineering Group, Inc., Galfar Engineering & Contracting SAOG, Fluor Corporation, HDR, Inc., Tetra Tech, Inc., Stantec, Inc., and among others. The global players are continuously investing in R&D activities and innovating to have updated technology based product portfolio to attract more and more business opportunity from the emerging nation such as that in Asia Pacific countries.
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