ARCHITECTURAL SERVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In October 2023, Huawei introduced the Full-stack, AI Large Model, Service Engine, Transformation (FAST) reference architecture to help carriers undergo digital operations transformation in the digital intelligence era. This architecture is designed to leverage the unique advantages of carriers' full-stack capabilities across services, cloud, network, and intelligence. The goal is to enable new value-driven operations and maintenance, provide optimal scenario-based experiences, and foster the business agility needed to create greater value.
• In April 2023, the City of Port Aransas in Texas, U.S. selected Stantec to lead a restoration plan for 13.5 acres of ecosystems within the Nature Preserve at Charlie's Pasture, which has been underwater since Hurricane Harvey damaged the shorelines in 2017. The Stantec team will manage the project, focusing on enhancing visitor use, wildlife ecosystems, and resilience mechanisms for future storm surges. The team will also identify sediment sources, analyze local marsh conditions, and quickly deploy personnel to begin the restoration process.
• In March 2023, HKS launched a new partner diversity initiative called HKS "xBE" to foster inclusion in the architecture and design industry. This program includes a 12-week seminar called "xBE" Rise and an "xBE" Network, which aims to enhance diversity among the firm's collaborations and partnerships. HKS is dedicated to building a more diverse workforce and network across the AEC industry.
• In January 2023, ACEN Australia, a renewable energy company, awarded PCL Construction the Engineering, Procurement and Construction (EPC) contract for the 400 MW Stubbo Solar projects. Under this contract, PCL Construction will be responsible for overseeing the entire solar project, including the detailed design, engineering, and procurement.
• In January 2023, PCL Construction was awarded the Engineering, Procurement and Construction (EPC) contract by ACEN Australia to build the 400 MW Stubbo Solar projects, which includes detailed design, engineering, and procurement responsibilities, ensuring PCL's comprehensive involvement in the project's execution.
• In March 2021, HOK and Arup collaborated with Los Angeles World Airports (LAWA) and Van Nuys Airport (VNY) to provide key architectural and engineering services. As part of this collaboration, HOK and Arup will be responsible for planning and designing potential capital investment projects over the next three years.