Electrical Computer-Aided Design (ECAD) Market Share, Size, Regional Trend, Future Growth, Leading Players Updates, Industry Demand, Current and Future Plans by Forecast to 2024

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Jun 02, 2020 (The Expresswire) — Global Electrical Computer-Aided Design (ECAD) Market 2020 Research Report offers up-to-date information and historical data on Electrical Computer-Aided Design (ECAD) market. The study provides historic data of 2019 along with a forecast from 2020 to 2024 based on both sales and revenue. keyword Market Report is a proficient and in-depth research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific). It covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the Key Vendors operating in this Global market with top-down and bottom-up approaches and further analysed using analytical tools such as porter’s five force analysis and uncover Opportunities, Challenges, restraints, and trends of the Global Electrical Computer-Aided Design (ECAD) Market. Electrical Computer-Aided Design (ECAD) Market report highlights the Size, Share, regional market, the leading market players, and several market.

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The objective of the study is to define market sizes of different segments and countries in previous years and to forecast the values to the next Five years. The report is designed to incorporate both qualify qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers and restraining factors which will define the future growth of the Electrical Computer-Aided Design (ECAD) market.

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 and Defense, Construction, Railway, Power Generation and Energy, Equipment and Machinery, Oil and Gas, Food and 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 and 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 and beverages, chemicals, pharmaceuticals, petroleum, coal and mining, rubber, paper and 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.

Market segmentation

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 and Defense, Construction, Railway, Power Generation and Energy, Equipment and Machinery, Oil and Gas, Food and 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

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

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 and 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.

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Key Features of Electrical Computer-Aided Design (ECAD) Market Research Report:

  • This report provides detail analysis of the market and have a comprehensive understanding of the Electrical Computer-Aided Design (ECAD) market and its commercial landscape.
  • Learn about the various market strategies that are being adopted by leading companies.
  • It provides a five-year forecast assessed based on how the Electrical Computer-Aided Design (ECAD) market is predicted to grow.
  • It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.
  • To understand the future scope and outlooks for the Electrical Computer-Aided Design (ECAD) market.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Electrical Computer-Aided Design (ECAD) in these regions, from 2015 to 2024, covering

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
  • South America (Brazil, Argentina, Columbia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This Electrical Computer-Aided Design (ECAD) Market Research/Analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is used for Electrical Computer-Aided Design (ECAD)? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Electrical Computer-Aided Design (ECAD) Market? What are Their Company Profile, Their Product Information, and Contact Information?
  • What Was Global Market Status of Electrical Computer-Aided Design (ECAD) Market? What Was Capacity, Production Value, Cost and PROFIT of Electrical Computer-Aided Design (ECAD) Market?
  • What Is Current Market Status of Electrical Computer-Aided Design (ECAD) Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Electrical Computer-Aided Design (ECAD) Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Electrical Computer-Aided Design (ECAD) Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
  • What Is Electrical Computer-Aided Design (ECAD) Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Electrical Computer-Aided Design (ECAD) Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Electrical Computer-Aided Design (ECAD) Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Electrical Computer-Aided Design (ECAD) Industry?

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Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

Total Chapters in Electrical Computer-Aided Design (ECAD) Market Report are:

Chapter 1 Overview of Electrical Computer-Aided Design (ECAD) Market

Chapter 2 Global Market Status and Forecast by Regions

Chapter 3 Global Market Status and Forecast by Types

Chapter 4 Global Market Status and Forecast by Downstream Industry

Chapter 5 North America Market Status by Countries, Type, Manufacturers and Downstream Industry

Chapter 6 Europe Market Status by Countries, Type, Manufacturers and Downstream Industry

Chapter 7 Asia Pacific Market Status by Countries, Type, Manufacturers and Downstream Industry

Chapter 8 Latin America Market Status by Countries, Type, Manufacturers and Downstream Industry

Chapter 9 Middle East and Africa Market Status by Countries, Type, Manufacturers and Downstream Industry

Chapter 10 Market Driving Factor Analysis of Low End Servers

Chapter 11 Electrical Computer-Aided Design (ECAD) Market Competition Status by Major Manufacturers

Chapter 12 Electrical Computer-Aided Design (ECAD) Major Manufacturers Introduction and Market Data

Chapter 13 Upstream and Downstream Market Analysis of Electrical Computer-Aided Design (ECAD) Market

Chapter 14 Cost and Gross Margin Analysis of Electrical Computer-Aided Design (ECAD) Market

And Continued…

Some of Major Points From Toc :

Table of Contents:

1Executive Summary
2Market Introduction
2.1Definition
2.2Product Considered
2.3Scope of the Study
2.4Market Structure
3Market Insights
4Research Methodology
4.1Research Process
4.2Primary Research
4.3Secondary Research
4.4Market Size Estimation
4.5Forecast Model
4.6List of Assumptions
5Market Dynamics
5.1Overview
5.2Drivers
5.2.1Increasing Use of Cloud-Based ECAD Tools
5.2.2Increasing Demand for Automation in Process Industries such as Oil and Gas and Manufacturing
5.2.3Drivers Impact Analysis
5.3Restraint
5.3.1Lack of Technical Expertise
5.3.2Restraint Impact Analysis
5.4Challenge
5.4.1Piracy of Engineering Software
5.5Opportunity
5.5.1Proliferation of Smart Grids and Smart Metering
6Market Factor Analysis
6.1Value Chain Analysis
6.1.1Software/Application Developers
6.1.2Integrators
6.1.3Solution/Service Providers
6.1.4End Users
6.2Porter’s Five Forces Model
6.2.1Threat of New Entrants
6.2.2Bargaining Power of Suppliers
6.2.3Bargaining Power of Buyers
6.2.4Threat of Substitutes
6.2.5Intensity of Rivalry
7Global Electrical Computer-Aided Design (ECAD) Market, by Component
7.1Overview
7.2Software
7.3Services
7.3.1Support
7.3.2Training
7.3.3Maintenance
8Global Electrical Computer-Aided Design (ECAD) Market, by Industry Type
8.1Overview
8.2Discrete Industry
8.3Process Industry
9Global Electrical Computer-Aided Design (ECAD) Market, by Application
9.1Overview
9.2Industrial Machine Controls
9.2.1Industrial Machine Control: Electrical Computer-Aided Design (ECAD) Market Estimates and Forecast, by Region
9.3Plant Design
9.3.1Plant Design: Electrical Computer-Aided Design (ECAD) Market Estimates and Forecast, by Region
9.4Mining Equipment Control
9.4.1Mining Equipment Control: Electrical Computer-Aided Design (ECAD) Market Estimates and Forecast, by Region
9.5Rail Signaling
9.5.1Rail Signalling: Electrical Computer-Aided Design (ECAD) Market Estimates and Forecast, by Region
9.6Switchgear Design
9.6.1Switchgear Design: Electrical Computer-Aided Design (ECAD) Market Estimates and Forecast, by Region
9.7Water Treatment and Distribution System Control
9.7.1Water Treatment and Distribution System Control: Electrical Computer-Aided Design (ECAD) Market Estimates and Forecast, by Region
9.8Others
9.8.1Others: Electrical Computer-Aided Design (ECAD) Market Estimates and Forecast, by Region
10Global Electrical Computer-Aided Design Market (ECAD) Market, by Vertical
10.1Overview
10.2Automotive
10.3Aerospace and Defense
10.4Construction
10.5Railway
10.6Power Generation and Energy
10.7Equipment and Machinery
10.8Oil and Gas
10.9Food and Beverage
10.1Others
11Global Electrical Computer-Aided Design (ECAD) Market, By Region
11.1Overview
11.2North America
11.2.1US
11.2.2Canada
11.2.3Mexico
11.3Europe
11.3.1UK
11.3.2Germany
11.3.3France
11.3.4Spain
11.3.5Italy
11.3.6Rest of Europe
11.4Asia-Pacific
11.4.1China
11.4.2Japan
11.4.3India
11.4.4South Korea
11.4.5Rest of Asia-Pacific
11.5Rest of the World
11.5.1Middle East and Africa
11.5.2South America
12Competitive Landscape
12.1Competitive Overview
12.2Competitive Benchmarking
12.3Market Share Analysis
12.4Key Developments and Growth Strategies
12.4.1New Product Launch/Product Enhancement
12.4.2Acquisition and Expansion
13Company Profiles
13.1Autodesk, Inc.
13.1.1Company Overview
13.1.1Financial Overview
13.1.2Products/Services/Solutions Offered
13.1.3Key Developments
13.1.4SWOT Analysis
13.1.5Key Strategies
13.2Bentley Systems, Inc.
13.2.1Company Overview
13.2.2Financial Overview
13.2.3Products/Services/Solutions Offered
13.2.4Key Developments
13.2.5SWOT Analysis
13.2.6Key Strategies
13.3EPLAN Softwareand Service GmbH and Co. KG
13.3.1Company Overview
13.3.2Financial Overview
13.3.3Products/Services/Solutions Offered
13.3.4Key Developments
13.3.5SWOT Analysis
13.3.6Key Strategies
13.4ALPI International Software SA
13.4.1Company Overview
13.4.2Financial Overview
13.4.3Products/Services/Solutions Offered
13.4.4Key Developments
13.4.5SWOT Analysis
13.4.6Key Strategies
13.5Nemetschek SE
13.5.1Company Overview
13.5.2Financial Overview
13.5.3Products/Services/Solutions Offered
13.5.4Key Developments
13.5.5SWOT Analysis
13.6Siemens AG
13.6.1Company Overview
13.6.2Products/Services/Solutions Offered
13.6.3Key Developments
13.6.4SWOT Analysis
13.6.5Key Strategies
13.7Dassault Systèmes SE
13.7.1Company Overview
13.7.2Financial Overview
13.7.3Products/Services/Solutions Offered
13.7.4Key Developments
13.7.5SWOT Analysis
13.7.6Key Strategies
13.8Trimble Inc.
13.8.1Company Overview
13.8.2Financial Overview
13.8.3Products/Services/Solutions Offered
13.8.4Key Developments
13.8.5SWOT Analysis
13.8.6Key Strategies
13.9IGE+XAO Group
13.9.1Company Overview
13.9.2Financial Overview
13.9.3Products/Services/Solutions Offered
13.9.4Key Development
13.9.5SWOT Analysis
13.9.6Key Strategies
13.1Hexagon AB
13.10.1Company Overview
13.10.2Financial Overview
13.10.3Products/Services/Solutions Offered
13.10.4Key Developments
13.11SIENNA ECAD Technologies
13.11.1Company Overview
13.11.2Financial Overview
13.11.3Products/Services/Solutions Offered
13.11.4Key Developments
13.11.5SWOT Analysis
13.11.6SWOT Analysis
13.11.7Key Strategies
14Industry Insights
14.1Technological Impact Analysis
14.2Use Cases and Best Practices

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