For decades when anyone mentioned Alberta engineering companies that usually meant petroleum engineers. The Alberta economy has been dominated by the gas and oil industry for a generation.
But when world oil prices began to plummet more than a decade ago – and have never truly recovered – government officials and industry leaders realized that Alberta must scramble to aggressively diversify or face long-term and lingering economic doldrums.
Leave it to well-educated Canadians to rise to the challenge. Today, exciting things are happening across an array of industries in Alberta. The province is gaining world recognition in the aerospace and defense sector. Competitive and innovative, Alberta engineering companies are delivering cutting-edge products in commercial aerospace, defense and space communications.
Alberta’s aerospace-based geomatics have been called unmatched in North America.
The ICT sector centered in Edmonton is vibrant. Engineering firms working in AI (Artificial Intelligence), big-data analytics and the hot new field of virtual reality are proliferating. After agriculture and petroleum, advanced technology is the third largest industry driving the Alberta economy.
According to the Brookfield Institute, Canada’s ICT sector generated $15.6 billion in revues in 2015, a number that has grown in the past three years. Some 7% of Alberta engineering companies serve the technology market. From 2012 through 2016, technology companies headquartered in Alberta grew by 48 per cent. That’s according to a report by the Alberta Enterprise Corporation.
While the traditional fossil fuel energy realm has been treading water, the renewable energy business is booming. Canada is taking climate change seriously. There are significant incentives for investing in wind, solar power, hydro-electric, biomass and geothermal sources of energy. All of it requires massive infusions of engineering capability.
When you are searching for experienced engineering firms Edmonton, contact us at MR Engineering LTD.
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