Engineering design tools are basically software applications and support services that are used for the creation of plant infrastructure and physical assets. All phases of engineering works used for the design, construction, turnover, initial operations and maintenance of industrial facilities and infrastructure are included.
Types of engineering design tools Software applications
Specific segmentations include software packages, such as 2D CAD, 3D CAD, technical analysis, project software and services, collaborative engineering software, and asset information management. These tools are used not only for asset creation, but also to manage data and information throughout the lifecycle of physical assets in infrastructure and industry. They provide homeowners with as-built information for operation and maintenance needs, as well as a document for any changes to the installation.
Included in this category:
2D layout and CAD software
3D design and visualization systems
Pre-engineering and FEED applications
Information management systems engineering
Asset lifecycle information management systems
Asset performance management systems
Design of P&ID and piping diagrams
3D laser scanning and point cloud modeling
3D augmented reality simulation systems
3D virtual reality simulation based on other technologies (photometry, etc.)
3D virtual simulation for operator training
Electrical and HVAC design
Technical analysis tools
Civil engineering design packages
Manufacturing and construction management systems
Software implementation services
Software maintenance and support services
Software as a service including deployment (Cloud, subscription, etc.)
Collaborative software for engineering workflows
Databases and associated interfaces
Vendor revenues are generated by royalties from both the software license and the services associated with the software solution. Business models vary, but typically a vendor’s standard end-user license agreement provides an up-front charge to use the product in perpetuity, based on a maximum number of concurrent users or seats. Some business models are based on software as a service or subscription services. Software as a service can have multiple deployment models including on-premises, hosting, and on-demand (cloud-based). License fees are recognized as revenue at the time of shipment, provided the fees are fixed and determinable.
Service revenues are derived from consulting, implementation, training / education and maintenance contracts which are provided solely by the software vendor. Revenues related to consulting and training services to be provided by the company are recognized over the period in which the applicable service is to be provided, or on the basis of the services rendered. Vendors offer a variety of consulting services to their clients, including implementation assistance, project planning, online analytical processing deployment, and minor software product enhancements.
Plant and infrastructure design segments
The study of engineering design tools has two main segments: the first is plant design for energy, process and marine, and the second is infrastructure.
ARC divides the scope of the two segments of plant design and infrastructure further as shown.
Plant design segments
The first part of the engineering tools market is the market share devoted to the design and construction of factories for process, power,
and marine. The main vertical processing industries represented are oil and gas (upstream exploration and production and downstream refining), power generation, metals and mining, chemicals (chemicals, petrochemicals) and other processors (batch) and hybrids (eg, food and beverage, pharmaceuticals and life sciences, cement and glass).
Segmentation of infrastructures
The infrastructure has four main segments: utilities (water and wastewater distribution systems, oil and gas pipeline distribution, electricity transmission and distribution (T&D), and communications), buildings (residential, non-residential facilities). residential and manufacturing), heavy construction and civil engineering projects (bridges, dams, highways, roads, land use planning) and other infrastructure (skilled trades, transportation, etc.).
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