Industry 4.0 will change how engineering work is done
01.09.2017 A main component in the implementation of Industry 4.0 in plant manufacturing is the plant’s virtual representation. Engineering lays the foundations for this digital lifecycle, which extends far beyond the planning and building of the plant. Therefore, working practices are expected to undergo far-reaching changes.
EPC-Capabilities in the Large Industrial Plant Manufacturing Sector
The study has identified concrete fields of action to strengthen the competitiveness of German companies in the EPC business.
According to a current survey the construction site stands to profit significantly from Industry 4.0.
The EPC capabilities demanded by customers (EPC = engineering, procurement and construction) and the trend towards mega projects has made the development of construction and assembly expertise a conditio sine qua non for many German providers in order to maintain their presence on the market.
The global struggle for market shares in the large industrial plant manufacturing sector has moved into a new phase. Ambitious competition from East Asia has already managed to rack up several successes and hopes to further improve. In what direction should the - still leading - German and European large industrial plant manufacturers head in the future? We asked 160 leading German and European large industrial plant manufacturers for their answers to these and other questions.