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Civil Engineering Market Trends

  • Report ID: GMI804
  • Published Date: Jun 2024
  • Report Format: PDF

Civil Engineering Market Trends

Civil engineering is undergoing a revolution, driven by the critical need for sustainable practices and ecologically friendly solutions. One of the primary trends driving civil engineering innovation is the incorporation of Internet of Things (IoT) devices and sensors into infrastructure systems. These smart technologies allow for real-time monitoring of a variety of data, including traffic flow, structural health, and environmental conditions.
 

Civil engineers may increase infrastructure asset performance, maintenance procedures, and overall resilience by leveraging data analytics and machine learning algorithms. With a rising emphasis on decreasing carbon footprints and energy usage, the notion of Net-Zero energy buildings has gained popularity. Pre-fabrication, which involves constructing sections of a project offsite and transporting assembled structures to construction sites, is not a new concept, but it is gaining popularity.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global civil engineering industry was valued at USD 12.5 trillion in 2023 and is anticipated to register 5.2% CAGR between 2024 and 2032 due to the rising urbanization along with the increasing awareness of environmental issues.

The building segment in the market accounted for USD 4.6 trillion in 2023, driven by rising emphasis on sustainable construction approaches and integration of IoT and AI technologies.

Asia Pacific civil engineering market is expected to reach USD 7.4 trillion by 2032 due to rapid urbanization and high demand for new infrastructure, including roads and utilities.

ACS Group, AECOM, Afcons Infrastructure Ltd, Bouygues S.A., Eiffage SA, Fujita Corporation, Jacobs, Kiewit Corporation, Larsen & Toubro Limited, Royal BAM Group, Skanska AB and STRABAG SE, among others.

Civil Engineering Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 271
  • Countries covered: 21
  • Pages: 200
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