Middle East & Africa Reverse Engineering Schematic Design Market to Grow at a CAGR of over 13% through 2021
Revamping of refineries and
petrochemical plant projects to drive Middle East & Africa reverse
engineering schematic design market through 2021
According to TechSci Research report “Middle
East & Africa Reverse Engineering Schematic Design Market By Type, By Application, By Country, Competition Forecast &
Opportunities, 2011 – 2021”, reverse engineering schematic design market in Middle East
& Africa is forecast to grow at a CAGR of 13% during 2016-2021, due to increasing
demand for upgradation and revamping of legacy data and pre-computer-era built
aging infrastructure, implementation of stringent emission control norms, changing
product quality and specifications, and increasing business productivity and
agility. Kuwait intends to expand the Al-Zour Refinery and clean fuels project.
The project is envisaged to be developed at a capital expenditure of $30.5
billion and is due to be completed by 2018. Saudi Arabia is also developing the
Jazan refinery at an estimated cost of $16 billion by 2017. Both of these mega
projects are expected to positively influence the region’s reverse engineering
schematic design market in the coming years.
Browse 17 market data Tables and 45 Figures
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In 2015, Saudi Arabia dominated Middle
East & Africa reverse engineering schematic design market, on account of growing
demand from end use industries such as oil & gas, and power. The country
has the largest refining capacity in the region, and consequently, would
continue to maintain its dominance over the next five years. UAE has also been
witnessing increasing demand for reverse engineering schematic design services due
to revamping and capacity expansion
projects lined up in oil & gas and petrochemical sectors. Intergraph, a subsidiary of Hexagon AB, and AVEVA Group
plc are the major 3D designing software players operating in Middle East &
Africa reverse engineering schematic design market. AVEVA has increased its presence in the Middle
East & Africa region by collaborating with domestic solution providers to
capitalize on emerging market opportunities in the region.
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“Demand for reverse engineering solutions in the region is on
the rise owing to major revamping and upgradation projects at refineries and
other petroleum related infrastructure developments being undertaken across the
region. Moreover, advent of modern technology is driving use of reverse
engineering schematic design to improve energy efficiency and ensure seamless
plan implementation.”,
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Middle East & Africa Reverse Engineering Schematic Design Market By Type,
By Application, By Country, Competition Forecast & Opportunities, 2011 –
2021” has evaluated the future growth potential
of reverse engineering schematic design market in the Middle East & Africa and
provides statistics and information on market structure, size, and trends of
reverse engineering schematic design market in the region. The report includes
market projections and demand forecasting. The report intends to provide cutting-edge market intelligence and
help decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes emerging trends along with essential drivers, challenges,
and opportunities available in the Middle East & Africa reverse engineering
schematic design market.
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