The global engineering outsourcing market has grown significantly over the years. Its market size was estimated to be around USD 145.26 billion in 2016 and with the pressure to reduce costs on original equipment manufacturers, heavy competition and rising technical complexity the market is expected to grow further within the next few years. Engineering service outsourcing is here to stay with shorter product life cycles, reduced time to market and the competitive landscape demanding strategic outsourcing like accessing skilled expertise, reducing overheads, flexible staffing, and increasing efficiency.
In fact, a report by Technavio’s market research team estimates the global engineering services outsourcing market to develop and post an impressive CAGR of almost 26% by 2020. In 2015 alone, the drafting and 3D modeling segment & constituted the major market share and was one of the most outsourced engineering service across the world. Many companies across the world have realized the importance and benefits of outsourcing engineering services like Piping Engineering and Design. One of the primary reasons is that these assignments require basic skills and expertise that are readily available in countries like India and companies like Rishabh Engineering Services. Outsourcing these tasks allows the company’s in-house teams to focus on more strategic and complex engineering projects.
Here are some compelling reasons why you should consider piping design outsourcing if you haven’t already:
High level expertise available readily: There is a wide availability of expert engineering resources that have years of experience in generating intelligent 3D models with the capability to produce and edit isometrics, and generate bills of materials.
Intelligent and innovative solutions at cost-effective rates: When you enlist specialist expertise, you get the benefit of innovative and smart solutions that find creative ways to deal with the real-world complexity of piping design and engineering. This means, that the engineers not only use the software tools and recommended practices but think out of the box and deliver smart solutions that increase the plant’s efficiency and overall productivity.
Optimized use of space: Optimally designed piping systems can optimize the use of plant space, enhance accessibility and ease of maintenance. There are significant efficiency gains especially for skid packages installed in tight enclosures. Highly sophisticated CAD systems and software have revolutionized the way piping systems are designed and outsourcing has reduced the cost burden of owning the licensed software and hiring skilled design resources. Therefore, piping engineering consulting can help you to be more efficient and reduce wastage.
Flexible engagement models: When you contract piping services with a company that has a proven track record, you can be assured of flexibility in the engagement models by tailoring it towards the clients’ schedule. From fixed-price, time and material, hybrid model, to a completely customized arrangement to suit the clients’ needs.
Accuracy and compliance to international codes and standards: Piping engineering and design is a very critical aspect of any plant design. Therefore, accuracy is paramount in the piping models created. Additionally, vendors are aware of the international codes and standards such as ASME, ANSI, DIN etc. for various types of piping design and you get reliable and compliant solutions.
Subcontracting Piping Engineering Services to an experienced vendor is not just about cost efficiency although that’s a significant benefit. A reliable partner can create considerable value and help you speed up your delivery schedule and often help you with innovative designs and solutions to bring more productivity and efficiency.
If you are looking to contract piping engineering and design work then take a look at some of our projects to understand the scope and range of our services. Call us on 1-877-RISHABH (1-877-747-4224) or Contact Us for your Piping Design Engineering queries.