Engineering Services in California
The Engineering Services industry in California has experienced growth recently due to the expansion of the domestic technology sector and a recovering real estate market, including the residential and non-residential construction markets. Over the five years to 2022, the industry is anticipated to grow as increasing aggregate private investment allows for businesses to commit to long-term capital expenditures on new projects and facility upgrades, as well as increased demand from private nonresidential construction in California. Furthermore, consumer sentiment now favors green building and clean energy projects, which presents an opportunity for the industry to expand into untapped markets.
Industry establishments apply the physical laws and principles of engineering in designing, developing and using machines, materials, instruments, structures, processes and systems. These services may involve providing advice, preparing feasibility studies, preparing plans and designs, providing technical services during construction or development, inspecting and evaluating engineering projects and providing other related services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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