Engineering Services News

Recent industry report about Engineering Services company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Engineering Services Market industry experts.

Engineering Services News

  • February 2023: SCF Partners announced its investment in Global E&C, a differentiated engineering, maintenance, modification, and commissioning business mainly focused on servicing the offshore energy sector. The investment is expected to significantly bolster GEC's ability to assist the evolving energy markets and enhance the growth of its digital and decarbonization offerings.
  • January 2023: L&T Technology Services Limited, a global provider of pure-play engineering services, announced that it had been selected as a strategic engineering partner to Airbus for providing advanced engineering capabilities and digital manufacturing services under a multi-year contract. Under this agreement, LTTS is expected to assist Airbus in key verticals and technology areas for its ongoing commercial and innovation programs.
  • In January 2023, WSP Global announced the acquisition of Enstruct, a 75-employee structural engineering company renowned for designing and providing quality building projects across Australia.
download-icon Get full market coverage in this industry
Download PDF
  • October 2024: Geek+ announced the launch of the tallest mobile ASRS system to support warehouse automation up to 12 m (40 ft) in height. Unveiled at CeMat Asia alongside the company's full goods-to-person portfolio, the new robotic solution has been installed in North America and Asia.
  • February 2024: Seegrid announced the release of Autonomous Buffer Management (ABM), revolutionizing how warehouses, manufacturing, and logistics facilities automate pallet and other payload-based inventory buffers to optimize their mission-critical workflows. ABM is the industry’s most comprehensive solution to automate these essential buffer management workflows across the material handling spectrum.
  • February 2024: OMRON Automation America announced the launch of the MD series of autonomous mobile robots (AMR). This new series offers greater efficiency at production sites, expanding OMRON's lineup of autonomous robots to cater to a wider variety of part and material transport applications. The OMRON Fleet Manager software, which enables a maximum of 100 Mobile Robots to be controlled on one system, continues to be available in the series.
  • May 2024: Danaher Cryogenics, a significant manufacturer specializing in fully integrated sub-Kelvin cryostats, marked essential milestones, showcasing its dedication to pushing the boundaries of scientific research and technology. Noteworthy accomplishments encompass the debut of its inaugural Pony Cryostat at the prestigious Argonne National Laboratory. This was a strategic collaboration with the University of Colorado Colorado Springs (UCCS) to spearhead quantum magnonics research and for the commercial development of Danaher's Adaptive Cooling Technology (ACT).
  • April 2024: Bluefors announced the development of an ultra-compact version of the world’s most widely used dilution refrigerator system, the LD. The unique ultra-compact LD is a small-footprint cryogenic measurement system ideal for laboratory environments with limited space or where numerous units need to be in a single space, such as high-performance computing data centers.
  • January 2024: SHI Cryogenics Group expanded its cryocooler range by introducing the RJT-100 4K GM-JT Cryocooler. This advanced addition stands as SHI's most powerful 4 K cryocooler, boasting a significant capacity of up to 9.0 W at 4.2 K (50/60 Hz). The RJT-100 offers two distinct configurations. The standard Stage setup caters to applications like superconducting radio frequency cavities, superconducting magnets, and low-temperature systems, all demanding robust cooling at 4.2 K. In contrast, the optional Recondensing configuration is designed explicitly for helium recondensation.
  • September 2024 - Rockwell Automation launches Allen-Bradley PowerFlex 755TS frame 7A drives with TotalFORCE technology. The new VFD expands the power range up to 500 Hp (355 kW) and provides a panel-mount solution for high horsepower applications.
  • September 2024 - Danfoss India introduces iC2 and iC7 variable frequency drives in Pune and Mumbai. The iC2 drive can enhance efficiency by 40%, while the iC7 drive offers solutions for optimizing processes from control to packaging.
  • February 2024 - Royal Philips announced significant enhancements to its Image-Guided Therapy System Azurion with the launch of its new Azurion neuro biplane system. Designed to streamline neurovascular procedures and help care teams make the right decisions faster, treat more patients, and achieve better outcomes, the new interventional system features enhanced 2D and 3D imaging and X-ray detector positioning flexibility.
  • February 2024 - Bespoke optical manufacturer Resolve Optics developed a identical, third-generation high-speed camera optical module for its client Specialized Imaging. Specialized Imaging is a market player in ultra-high-speed Imaging and ballistic range cameras. Their SIM family of ultra-high-speed cameras is used by research laboratories globally. These cameras can capture up to thirty-two images at one billion frames per second, enabling analysis of even the most fleeting of phenomena.
  • July 2024 - CryoDry, a frontrunner in freeze-drying technology, has teamed up with Pfeiffer Vacuum, renowned for its high-quality vacuum pumps. This partnership highlights CryoDry's commitment to the global freeze-drying community. With Pfeiffer Vacuum's esteemed reputation for precision-engineered German pumps, the alliance between these two industry leaders is further solidified.
  • February 2024 - AxFlow Group and Atlas Copco Industrial Vacuum have entered a strategic partnership, eyeing expansion in Europe's processing sectors. Their joint efforts aim to strengthen their presence in the Nordic markets and extend their initiatives across Europe.
  • May 2024 - Machinex Industries Inc. announced that its product design team created a new system that combines advanced optical sorting technology to manage organic waste. This system has a processing capacity of 250,000 tons per year for color-coded bagged municipal solid waste (MSW) and can sort up to 86,600 tons per year of organic waste.
  • July 2024 - Cimbria introduced advanced optical sorters, offering precise material separation and enhancing plastic purification rates up to 99.99%. The software accounts for approximately 50% of an optical sorter's performance.
  • July 2024: The World Bank has introduced a substantial USD 3.86 billion initiative, known as the “Scaling Up Energy Efficiency in Europe and Central Asia Program” (E3 Program), aimed at significantly enhancing energy efficiency in the region. Over its ambitious 10-year duration, the program seeks to save more than 63 terawatt hours (TWh) of energy—equivalent to Switzerland’s annual electricity production—and reduce CO2 emissions by 18.7 million metric tons. The program's initial projects will concentrate on improving energy efficiency in public facilities, residential buildings, industrial sectors, and district heating systems across the participating countries.
  • April 2024: The European Commission has established a public-private partnership to enhance investments in energy efficiency projects, aiming to support the EU's emission reduction objectives. Furthermore, the directive requires EU member states to convert their district heating and cooling systems to fully utilize renewable energy, waste heat, or a combination of both by 2050.
  • May 2024: IperionX Limited, based in Charlotte, North Carolina, has teamed up with Vegas Fastener Manufacturing LLC, located in Las Vegas, Nevada. This collaboration is set to innovate and manufacture titanium alloy fasteners and precision components specifically designed for the US Army's Ground Vehicle Systems Center (GVSC). The GVSC stands as the primary research and development center for the United States Armed Forces, emphasizing advanced technologies in ground systems. 
  • February 2024: Hafren Security Fasteners has successfully acquired the System Zero product range, encompassing security screws and their associated tooling. This acquisition marks a significant shift in the fastener industry, which plays a pivotal role in projects around the globe. Hafren Security Fasteners, already a global leader in specialist anti-theft screws, nuts, and bolts, has bolstered its lineup with the cutting-edge System Zero security screw range. Previously owned by PSM International, the System Zero range is recognized in various electronics sectors.
  • March 2024 - Genesis has been selected to provide Offshore Systems Engineering Services for the Northern Endurance Partnership part of the East Coast Cluster in the UK, These projects are actively bringing together communities, business, and academia to deliver the carbon capture and storage (CCS) infrastructure needed to decarbonise this key industrial heartland of the UK.
  • March 2024 - Genesis and Beicip has announced the collobration, to support clients in unlocking added value during field development planning phase. The collaboration will focus both on respective traditional businesses and on underpinning the growing demand for sustainable projects incorporating subsurface and infrastructure master planning excellence. This non-exclusive partnership is in response to the growing need to offer holistic (reservoir to point of sales) integrated solutions to optimize the economics and accelerate the overall delivery. 

• January 2024 - PJ Valves, a leading global valve and actuator industry player, has successfully wrapped up its most recent factory expansion in Pune, India. This milestone underscores PJ Valves' dedication to innovation and amplifies its production capabilities, ensuring it stays ahead in catering to its clients' ever-changing demands. The upgraded facility would bolster PJ Valves' manufacturing capacity for the ball and butterfly valves by more than 2.5 times.

• January 2024 - Emerson Electric Co. launched the Fisher 63EGLP-16 Pilot Operated Relief Valve, explicitly designed for pressurized bullet tanks housing liquid propane and anhydrous ammonia. The valve holds certifications from UL132 and the American Society of Mechanical Engineers, supporting its relevance in the chemical industries for the upcoming forecast period.

Engineering Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)