Engineering Market Research

Engineering Market Research uncovers insights for business growth

This sector has a technical nature so it often calls for specialized market researchers. We survey engineering firms, engineering professionals, industry bodies, and those who provide design solutions. SIS International Research has vast experience in carrying out Engineering Market Research.

Types of Engineering:

• Electrical Engineering
• Chemical Engineering
• Petroleum Engineering
• Civil Engineering
• Mechanical Engineering
• Biomedical Engineering
• Agricultural Engineering
• Aerospace Engineering
• Environmental Engineering

Industry Trends

The first industrial revolution took place hundreds of years ago, therefore experts describe today’s industrial revolution as Industry 4.0, as a result, they adopted a change to a more self-aware and digitized system of work that will use Big Data and the Internet of Things. It will also use the new communications infrastructure. Thus, Industry 4.0 will be a significant and disruptive trend in engineering.

Market growth occurred in the engineering and construction industry despite labor shortages and cost pressures. The sector also experienced a trend toward fixed-bid projects. These challenges are likely to continue in the future. However, E&C firms will enjoy several significant opportunities in the industry. The increase in smart city mega-projects is one of these opportunities, and the US transportation and infrastructure initiative is another.

The energy sector is another new market to observe. As a result, many countries should see sustainable energy getting a bigger bite of the pie. These energy sources include solar, wind, utility-scale renewable fuels, and hydropower. Innovations may also occur in:

• Sustainable energy and artificial intelligence
• Energy storage, including batteries
• Grid parity
• Blockchain
• Distributed energy resource
• Cybersecurity
• The political climate

Services Market Analysis

The increase in industry revenue keeps pace with the US economy at large. Growth can occur because of an increase in the value of private nonresidential construction. Analysts often use this sector as a proxy for demand for industrial services because commodity prices and demand can impact profitability. 

The main driver of the engineering services market is investments in emerging economies, and these investments are occurring in the industrial, transport, and commercial infrastructure sectors. Most engineering companies function only in their regional/national markets, however, they do so for two reasons:

• Regional regulations
• Expertise in specialized engineering services

Services Industry Outlook

COVID-19 has had adverse effects on business activity and markets, and consequently, it is presenting many challenges to the engineering and construction industry. These challenges can intensify depending on the length and severity of the crisis. For instance, construction jobs have already been canceled, and others suspended.

Experts expect the effects of COVID-19 to be temporary. The industry will need more engineers than ever when the world returns to normalcy. Robotics and artificial intelligence will spur this growth in demand, and so will virtual reality and additive manufacturing. Other technologies will be incorporated into engineered products, such as medical devices. Experts also expect increased production of transportation equipment. Computer and electronic products and machinery will also increase production.

Why is Engineering Market Research so Important?

The engineering industry is one of the most diverse in the world because it covers OEM assembly and the manufacturing of components. It also includes the maintenance of equipment and machinery after their sale. Thus, it is critical that you work with the right Market Research company.

Engineering Market Research provides insights into the current state of the industry and also forecasts business activity in the sector. At SIS International Research, we give our clients the information they need in addition to helping them to plan for the future and to come up with effective growth strategies. To get this information, for instance, we survey:

• Electrical Engineer 
• Chemical Engineer
• Mechanical Engineer 
• Quality Engineer 
• Industrial Engineer 
• Manufacturing Engineer 
• Petroleum Engineer 
• Process Engineer 
• Project Engineer 
• Software Engineer 
• Robotics Engineer
• Buyer/Planner 
• Supply Chain Manager 
• Materials Manager 
• Procurement Engineer 
• C Suite Executives
• Presidents
• VP’s
• Directors
• Managers
• Electro-Mechanical Technician
• Quality Technician 
• Test Technician 
• Electronic Technician 
• Mechatronics Engineer