10 Largest Engineering Firms In The World

Engineering firms are a crucial part of the creation of all types of products that we see and use every single day. These include medicines, tools, computer hardware and software, machinery, telecommunication equipment, automobiles, transportation systems and even sculpting metals.

The largest engineering firms in the world are ranked by revenue, with these companies valued over tens of billions of dollars. Many of these firms focus on building industrial plants, transportation services, and energy plants around the globe.

As you probably know the world has many different types of machine tools and some of them can be very expensive. That’s why there are top engineering firms in the world. These firms produce machinery that is used in building factories, power plants, and desalination plants. Their products are also used to make cutting-edge electronic devices.

On this page, we’re going to list the ten largest engineering firms in the world. When it comes to engineering, you want to be sure that customers trust their services.

Let’s take a look at the largest firms in this industry.

  1. WSP Global

Market Capitalization: $15.31 billion
Headquarters: Motreal, Quebec, Canada
Estimated Human Resources: 47,000 as of 2020
Year Founded: 1959
Website: https://www.wsp.com/

WSP Global  Source: Wikimedia

WSP Global Inc. is a Canadian firm with American and British heritage that offers administrative and consulting services to the manmade and natural ecosystems. It has a market capitalization of $15.31 billion.

It is one of the most sought-after engineering firms in the world. It has been consistently ranked for its quality and services. It has a market capitalization of $15.31 billion.

They serve a variety of spaces in the infrastructure sector, such as commercial buildings, heritage parks, hospitality facilities and more. The company also champions Public Private Partnerships (PPP) and transport systems.

Did You Know?

WSP has been named the Best Environmental and Sustainability Consulting Firm in 2022. The statistics, reviewed and compiled by Environment Analyst, highlight the largest sustainability consultancy businesses, based on figures for the fiscal year 2020-2021.

  1. Sandvik

Market Capitalization: $20.21 billion
Headquarters: Stockholm, Sweden
Estimated Human Resources: 37,125 as of 2019
Year Founded: 1862
Website: http://home.sandvik/

Sandvik  Source: Wikimedia

An international leader in high-tech architecture, Sandvik offers services to the infrastructure, mining, and manufacturing sectors that boost efficiency, profit, and durability. It has a market capitalization of $20.21 billion.

Göran Fredrik Göransson, the first person in the world to use the Bessemer technique for industrial-scale steel production, started the firm in 1862.

The Sandvik Group operates in three business sectors, with separate divisions in charge of the manufacture, sales, and research and development (R&D) of each sector’s goods and services.

Did You Know?

One of the company’s subsidiaries, Sandvik Coromant, has 15 locations globally where it provides theory-based coaching, classes, conferences, and live demonstrations to clients, dealers, staff, teachers, and students.

  1. KONE

Market Capitalization: $21.38 billion
Headquarters: Espoo, Finland
Estimated Human Resources: 62,720 as of 2021
Year Founded: 1910
Website: https://www.kone.com/en/

KONE  Source: Wikimedia

Kone’s goal is to enhance the flow of urban life in this world that is becoming more and more urbanized. They focus on elevators and strive to give users and customers convenience, effectiveness, and experiences across the whole life cycle of buildings.

They are exceptional at collaborating with clients at every stage of the process, from early engagement through equipment upgrades. It has a market capitalization of $21.38 billion.

Did You Know?

What is the maximum capacity of an elevator? The answer is now a staggering 235 at the Jio World Centre in Mumbai, India, thanks to KONE’s creation and installation of what is considered to be the biggest passenger elevator in the whole planet.

  1. China State Construction Engineering

Market Capitalization: $28.34 billion
Headquarters: Beijing, People’s Republic of China
Estimated Human Resources: 368,327 as of 2021
Year Founded: 1957
Website: https://www.cscec.com/

China State Construction Engineering  Source: Wikimedia

There are a large number of divisions for the China State Construction Engineering Corporation. It has twelve conventional core business sectors, five primary divisions, eight engineering offices owned by the Group, four Design Institutions, and its research facility.

Planning and design, program management, equipment rental, commerce, construction, and property management are the primary focus of the state-owned enterprise. It has a market capitalization of $28.34 billion.

Did You Know?

A 7-story hotel model complex was constructed by the China State Construction Engineering Corporation in 12 days, a significant advancement in the engineering practice worldwide.

  1. Neste

Market Capitalization: $33.35 billion
Headquarters: Espoo, Finland
Estimated Human Resources: 4,872 as of 2021
Year Founded: 1948
Website: https://www.neste.com/en

Neste  Source: Wikimedia

In order to guarantee the availability of refined fuels in Finland, Neste was established in 1948 as the country of Finland’s state gasoline corporation. It has a market capitalization of $33.35 billion.

Marketing and solutions, oil products, renewable air transport, regenerative resins and chemicals, sustainable road infrastructure, and platform management are the divisions of its business.

With 35.91% of the company’s shares as of 2022, the Prime Minister’s Office of Finland is the largest stakeholder. In terms of sales, Neste was Finland’s third-largest corporation by the end of 2021.

Did You Know?

Neste has partnered with global sensation Coldplay. In comparison to its last tours, Coldplay has promised to reduce direct greenhouse gas emissions in half. Coldplay receives sustainable jet fuel from Neste to aid in lowering aviation emissions.

  1. Larsen & Toubro

Market Capitalization: $33.373 billon
Headquarters: Mumbai, India
Estimated Human Resources: 337,994 as of 2022
Year Founded: 1946
Website: https://www.larsentoubro.com/

Larsen & Toubro  Source: Wikimedia

Among the world’s largest engineering firms, Larsen and Toubro (L&T) has been in the news a lot this year. It has a market capitalization of $33.73 billion.

It has been highlighted by some big news like its acquisition of rubber giant Empi, acquisition of Caterpillar India and investment in two top oil & gas companies into overseas markets.

L&T Group has 118 affiliates, six associates, 25 joint-venture and 35 joint operations firms as of 2020, with activities in consumer and industrial engineering, construction, real estate, commodity manufacturing, information technology, and investment management.

Did You Know?

LinkedIn ranked Larsen & Toubro 4th place in its “Top Companies 2021: The 25 best workplaces to grow your career in India” article.

  1. Hitachi Group

Market Capitalization: $40.94 billion
Headquarters: Chiyoda, Tokyo, Japan
Estimated Human Resources: 380,714 as of 2021
Year Founded: 1910
Website: https://www.hitachi.com

Hitachi Group  Source: Unsplash

Hitachi has been advancing civilization and assisting clients in their growth and development since its establishment in 1910. It has a market capitalization of $40.94 billion.

Hitachi’s goal is to tackle the task of achieving the sustainable development goals and enhancing satisfaction with life. Utilizing advancements resolves social issues by combining cutting-edge Information Technology, Operational Technology and Products.

Did You Know?

Hitachi has created a touchscreen operation panel that establishes an elevator without actual floor switches, giving consumers the chance to feel something entirely different.

  1. Emerson

Market Capitalization: $51.67 billion
Headquarters: Ferguson, Missouri, United States of America
Estimated Human Resources: 86,700 as of 2021
Year Founded: 1890
Website: https://www.emerson.com/global

Emerson  Source: Wikimedia

Emerson is a world leader in engineering, software, and technology, fostering innovation that improves the planet’s sustainability, safety, and livability. It has a market capitalization of $51.67 billion.

Automation Solutions and Commercial & Residential Solutions, two of Emerson’s primary platforms, enable the company to recognize and address the issues of an ever-more complicated and uncertain market, generating both short and long-term significance as a dependable partner for its clients.

Did You Know?

Emerson has been assisting the fast-growing group of medical institutions, hospitals, and pharmaceutical firms to expedite the creation and implementation of life-saving COVID-19 medicines.

  1. ABB

Market Capitalization: $52.53 billion
Headquarters: Zurich, Switzerland
Estimated Human Resources: 105,000 as of 2021
Year Founded: 1988
Website: https://global.abb/

ABB  Source: Wikimedia

ABB is a technology firm operating multi-nationally that energizes societal and industrial revolution to create a more efficient, sustainable society. It has a market capitalization of $52.53 billion.

The firm pushes the limits of innovation by integrating software to its electrification, automation, and other portfolios to drive performance to new heights. ABB’s success is fueled by outstanding workers in over 100 nations and has a heritage of quality dating back over a century ago.

Did You Know?

Fraunhofer Institute for Wind Energy Systems and ABB are working together to create the world’s biggest modular grid simulator. It will be applied to assess the security and dependability of renewable energy technology in real-world situations, such as wind generators, solar panels, and hydropower reactors.

  1. Siemens

Market Capitalization: $89.11 billion
Headquarters: Munich, Germany & Berlin, Germany
Estimated Human Resources: 303,000 as of 2021
Year Founded: 1847
Website: https://www.siemens.com/

Siemens  Source: Wikimedia

Siemens AG is the largest engineering firm in the world with a market capitalization of $89.11 billion. The company’s primary activities are Industries, Energy, Medical Management, and Infrastructure & Cities, which reflect the corporation’s core business.

From resource-efficient manufacturing, robust distribution networks, greener structures and grids to cleaner and more pleasant transportation and improved healthcare, the conglomerate uses technology to deliver genuine value to customers.

Their mission is to empower their clients to alter their businesses and marketplaces, transforming the everyday lives of billions of people by integrating the physical and digital worlds.

Did You Know?

Werner von Siemens proceeded to deliver the first electricity-powered commuter train in 1879, the world’s first-ever elevator in 1880, and helped manufacture the tubes used by Wilhelm Conrad Rontgen, the developer of the X-Ray.


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