Electrical Computer-Aided Design (ECAD) Market to Inflate CAGR 9.22% during the forecast period

Global Electrical Computer-Aided Design (ECAD) Market Research Report Forecast to 2024

The Global Electrical Computer-Aided Design (ECAD) Market is expected to register a 9.22% CAGR, showing important growth during the forecast period.

​The new research from Ameco Research on Global ​Electrical Computer-Aided Design (ECAD) Market Report for 2024 intends to offer a target audience with a fresh outlook on the market and fill in the knowledge gaps with the help of processed information and opinions from industry experts. The information in the research report is well-processed and a report is accumulated by industry professionals and seasoned experts in the field to ensure the quality of research.

The research is backed by extensive and in-depth secondary research which involves reference to various statistical databases, national government documents, relevant patent and regulatory databases, news articles, press releases, company annual reports, webcasts, financial reports, and a number of internal and external proprietary databases. This estimated data is cross-checked with industry experts from various leading companies in the market. After the entire authentication process, these reports are shared with subject matter experts (SMEs) for adding further value and to gain their insightful opinion on the research. With such a robust process of data extraction, verification, and finalization, we firmly endorse the quality of our research. With such extensive and in-depth research and comprehensive coverage of information, it is always a possibility of clients finding their desired information in the report with enclosure of key components and valuable statistics in all regards.

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Electrical Computer-Aided Design (ECAD) Market Research Report - Global Forecast till 2024

Global Electrical Computer-Aided Design (ECAD) Market Research Report: by Component (Software and Services), by Industry Type (Discrete Industries and Process Industries), by Application (Industrial Machine Controls, Plant Design, Mining Equipment Control, Rail Signaling, Switchgear Design, Water Treatment and Distribution System Control and others), by Vertical (Automotive, Aerospace & Defense, Construction, Railway, Power Generation and Energy, Equipment and Machinery, Oil & Gas, Food & Beverage and others) and by Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2024

Market Analysis
​
The Global Electrical Computer-Aided Design (ECAD) Market is expected to register a 9.22% CAGR, showing important growth during the forecast period. Electrical computer-aided design (ECAD) 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. It helps in designing circuits quickly, accurately, and efficiently by optimizing the overall design process. This software assist engineers in creating electrical schematic designs and systems seamlessly and at a rapid pace as compared to traditional, by-hand methods with higher accuracy and precision. This software is extensively used to automate tasks such as apprising components lists, connection lists and wire numbering, allowing electrical standards within the drawing, intelligent copying, communication with PLC I/O tools, and filling out bills of materials (BoM), among others. Major ECAD software provides wide symbols & parts libraries, live parts price and its availability data, and 2D cabinet layout facility, among others. ECAD is used for diverse purposes such as diagram making, 3D assembly, concurrent designing, and generating manufacturing and documentation. The manufacturing and production process within the process industry highly complex that includes large, complex configurations of equipment working concurrently. Furthermore, increasing challenges such as the growing focus on safety and environmental concerns, the growing viability of new energy sources, and the rising cost of products have combined to create a new set of competitive pressures on designers and engineers who develop equipment and systems for the process industry. Electrical computer-aided design (ECAD) 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. It helps in designing circuits quickly, accurately, and efficiently by optimizing the overall design process. This software assist engineers in creating electrical schematic designs and systems seamlessly and at a rapid pace as compared to traditional, by-hand methods with higher accuracy and precision. This software is extensively used to automate tasks such as apprising components lists, connection lists and wire numbering, allowing electrical standards within the drawing, intelligent copying, communication with PLC I/O tools, and filling out bills of materials (BoM), among others ECAD is an effective 3D product development solution that progresses the manufacturing and design processes, accelerates time-to-market, controls development costs, improves product quality, and aids in increasing cash flow and profit margins. However, a lack of technical expertise might hamper market growth. On the bases of type, the market has been divided into process industry and discrete industry. The discrete industry or discrete manufacturing mainly includes the industrial manufacturing, automotive, aerospace, and electronics industries. Discrete manufacturing includes the production of distinct products that can be mutual or integrated with another product. Discrete manufacturing is used in situations of high-precision, low volume or low-precision, and high-volume manufacturing. The process industry or process manufacturing, on the other hand, involves constant or batch processing/manufacturing. Food & beverages, chemicals, pharmaceuticals, petroleum, coal & mining, rubber, paper & pulp, and wood are some of the chief industries involved in process manufacturing. the process industry to practice advanced industrial engineering techniques includes numerous engineering tools and software are used. The market was valued at USD 1,710.1 million in 2018; it is expected to reach USD 2,860.3 Million by the year 2024. the largest market value North America accounted for of USD 620.4 million in 2018; the market is expected to register a CAGR of 7.94% during the forecast period.

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Market Segmentation
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The global electrical computer-aided design (ECAD) market has been segmented on the basis of component, industry type, application, vertical and region. Based on industry type the global electrical computer-aided design (ECAD) market has been segmented into Discrete Industries and Process Industries. Based on component the market has been segmented into Software and Services. Based on application the global electrical computer-aided design (ECAD) market has been segmented into Industrial Machine Controls, Plant Design, Mining Equipment Control, Rail Signaling, Switchgear Design, Water Treatment and Distribution System Control, and Others. Based on vertical the market the global electrical computer-aided design (ECAD) market has been segmented into Automotive, Aerospace & Defense, Construction, Railway, Power Generation and Energy, Equipment and Machinery, Oil & Gas, Food & Beverage, and Others. Regionally, the global electrical computer-aided design (ECAD) market has been segmented into different regions like North America, Asia-Pacific, Europe, and Rest of the World.

Regional Analysis
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Geographically, the global electrical computer-aided design (ECAD) market has been segmented into different regions Asia-Pacific, North America, Europe, and the rest of the world. Due to the increasing number of process and discrete industries and high investments in industrial manufacturing in the region North America is predictable to lead the global electrical computer-aided design (ECAD) market during the forecast period.

Major Players
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The proposed spectators in the global electrical computer-aided design (ECAD) market are hospitals, medical devices companies, Research and academic institutes, software companies Governments, associations, industrial bodies, etc. The major companies functioning in the global fire protection system market are concentrating on firming their global ways by entering into untouched markets. Nemetschek SE, Dassault Systèmes SE, Siemens PLM, Bentley Systems, Inc., EPLAN Software & Service, Autodesk, Inc., Trimble, Inc., IGE+XAO and ALPI International Software are some of the key players in the global electrical computer-aided design (ECAD) market. Siemens AG announced the latest version of its Solid Edge 3D industrial design software—Solid Edge 2020—which added augmented reality in its new features. This will help the company's internal teams to better collaborate on prototype designs, and efficiently facilitate the presentation of work product to suppliers and customers in June 2019. Autodesk Inc. released a new version of Revit—Revit 2020, which includes incorporating improvements in Revit 2019.1 and Revit 2019.2. The new version includes a set of new tools and enhancements that help generate consistent, coordinated, and complete model-based building designs and documentation In April 2019. Schneider Electric SE, a leading company in the Digital Transformation of Energy Management and Automation, acquired ALPI International Software SA. This acquisition helps Schneider Electric in strengthening their capabilities in digital transformation, in June 2019. Siemens acquired COMSA, a company which develops software for electrical systems design and wire harness engineering to further extend lead in automotive electrical systems design. COMSA's LDorado software strengthens Siemens' global automotive lead with the addition of key capabilities in wire harness engineering and design data analytics in December 2018.

Available customization:

With the given market information, Ameco research offers customization's in line with the company's specific wishes. The following customization choices unit of measurement accessible for the report:
Regional and country-level analysis of the Global Electrical Computer-Aided Design (ECAD) Market, by end-use.
Detailed analysis and profiles of additional market players.

Table of Contents

Global Electrical Computer-Aided Design (ECAD) Market Research Report Forecast to 2024

1 Executive Summary

2 Market Introduction

2.1 Definition

2.2 Product Considered

2.3 Scope of the Study

2.4 Market Structure

3 Market Insights

4 Research Methodology

4.1 Research Process

4.2 Primary Research

4.3 Secondary Research

4.4 Market Size Estimation

4.5 Forecast Model

4.6 List of Assumptions

5 Market Dynamics

5.1 Overview

5.2 Drivers

5.2.1 Increasing Use of Cloud-Based ECAD Tools

5.2.2 Increasing Demand for Automation in Process Industries such as Oil & Gas and Manufacturing

5.2.3 Drivers Impact Analysis

5.3 Restraint

5.3.1 Lack of Technical Expertise

5.3.2 Restraint Impact Analysis

5.4 Challenge

5.4.1 Piracy of Engineering Software

5.5 Opportunity

5.5.1 Proliferation of Smart Grids and Smart Metering

6 Market Factor Analysis

6.1 Value Chain Analysis

6.1.1 Software/Application Developers

6.1.2 Integrators

6.1.3 Solution/Service Providers

6.1.4 End Users

6.2 Porter’s Five Forces Model

6.2.1 Threat of New Entrants

6.2.2 Bargaining Power of Suppliers

6.2.3 Bargaining Power of Buyers

6.2.4 Threat of Substitutes

6.2.5 Intensity of Rivalry

7 Global Electrical Computer-Aided Design (ECAD) Market, by Component

7.1 Overview

7.2 Software

7.3 Services

7.3.1 Support

7.3.2 Training

7.3.3 Maintenance

8 Global Electrical Computer-Aided Design (ECAD) Market, by Industry Type

8.1 Overview

8.2 Discrete Industry

8.3 Process Industry

9 Global Electrical Computer-Aided Design (ECAD) Market, by Application

9.1 Overview

9.2 Industrial Machine Controls

9.2.1 Industrial Machine Control: Electrical Computer-Aided Design (ECAD) Market Estimates & Forecast, by Region

9.3 Plant Design

9.3.1 Plant Design: Electrical Computer-Aided Design (ECAD) Market Estimates & Forecast, by Region

9.4 Mining Equipment Control

9.4.1 Mining Equipment Control: Electrical Computer-Aided Design (ECAD) Market Estimates & Forecast, by Region

9.5 Rail Signaling

9.5.1 Rail Signalling: Electrical Computer-Aided Design (ECAD) Market Estimates & Forecast, by Region

9.6 Switchgear Design

9.6.1 Switchgear Design: Electrical Computer-Aided Design (ECAD) Market Estimates & Forecast, by Region

9.7 Water Treatment and Distribution System Control

9.7.1 Water Treatment and Distribution System Control: Electrical Computer-Aided Design (ECAD) Market Estimates & Forecast, by Region

9.8 Others

9.8.1 Others: Electrical Computer-Aided Design (ECAD) Market Estimates & Forecast, by Region

10 Global Electrical Computer-Aided Design Market (ECAD) Market, by Vertical

10.1 Overview

10.2 Automotive

10.3 Aerospace & Defense

10.4 Construction

10.5 Railway

10.6 Power Generation and Energy

10.7 Equipment and Machinery

10.8 Oil & Gas

10.9 Food & Beverage

10.1 Others

11 Global Electrical Computer-Aided Design (ECAD) Market, By Region

11.1 Overview

11.2 North America

11.2.1 US

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 UK

11.3.2 Germany

11.3.3 France

11.3.4 Spain

11.3.5 Italy

11.3.6 Rest of Europe

11.4 Asia-Pacific

11.4.1 China

11.4.2 Japan

11.4.3 India

11.4.4 South Korea

11.4.5 Rest of Asia-Pacific

11.5 Rest of the World

11.5.1 Middle East & Africa

11.5.2 South America

12 Competitive Landscape

12.1 Competitive Overview

12.2 Competitive Benchmarking

12.3 Market Share Analysis

12.4 Key Developments and Growth Strategies

12.4.1 New Product Launch/Product Enhancement

12.4.2 Acquisition and Expansion

13 Company Profiles

13.1 Autodesk, Inc.

13.1.1 Company Overview

13.1.1 Financial Overview

13.1.2 Products/Services/Solutions Offered

13.1.3 Key Developments

13.1.4 SWOT Analysis

13.1.5 Key Strategies

13.2 Bentley Systems, Inc.

13.2.1 Company Overview

13.2.2 Financial Overview

13.2.3 Products/Services/Solutions Offered

13.2.4 Key Developments

13.2.5 SWOT Analysis

13.2.6 Key Strategies

13.3 EPLAN Software& Service GmbH & Co. KG

13.3.1 Company Overview

13.3.2 Financial Overview

13.3.3 Products/Services/Solutions Offered

13.3.4 Key Developments

13.3.5 SWOT Analysis

13.3.6 Key Strategies

13.4 ALPI International Software SA

13.4.1 Company Overview

13.4.2 Financial Overview

13.4.3 Products/Services/Solutions Offered

13.4.4 Key Developments

13.4.5 SWOT Analysis

13.4.6 Key Strategies

13.5 Nemetschek SE

13.5.1 Company Overview

13.5.2 Financial Overview

13.5.3 Products/Services/Solutions Offered

13.5.4 Key Developments

13.5.5 SWOT Analysis

13.6 Siemens AG

13.6.1 Company Overview

13.6.2 Products/Services/Solutions Offered

13.6.3 Key Developments

13.6.4 SWOT Analysis

13.6.5 Key Strategies

13.7 Dassault Systèmes SE

13.7.1 Company Overview

13.7.2 Financial Overview

13.7.3 Products/Services/Solutions Offered

13.7.4 Key Developments

13.7.5 SWOT Analysis

13.7.6 Key Strategies

13.8 Trimble Inc.

13.8.1 Company Overview

13.8.2 Financial Overview

13.8.3 Products/Services/Solutions Offered

13.8.4 Key Developments

13.8.5 SWOT Analysis

13.8.6 Key Strategies

13.9 IGE+XAO Group

13.9.1 Company Overview

13.9.2 Financial Overview

13.9.3 Products/Services/Solutions Offered

13.9.4 Key Development

13.9.5 SWOT Analysis

13.9.6 Key Strategies

13.1 Hexagon AB

13.10.1 Company Overview

13.10.2 Financial Overview

13.10.3 Products/Services/Solutions Offered

13.10.4 Key Developments

13.11 SIENNA ECAD Technologies

13.11.1 Company Overview

13.11.2 Financial Overview

13.11.3 Products/Services/Solutions Offered

13.11.4 Key Developments

13.11.5 SWOT Analysis

13.11.6 SWOT Analysis

13.11.7 Key Strategies

14 Industry Insights

14.1 Technological Impact Analysis

14.2 Use Cases and Best Practices

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