Global Mechanical, Electrical, and Plumbing (MEP) Software Market: Introduction
Mechanical, electrical, and plumbing software, designed specifically for users in the mechanical, electrical, or plumbing industries to improve overall project efficiency.
Mechanical, electrical, and plumbing industries are rising along with the global growth of the construction industry. Due to changes in regulatory environment and unavailability of qualified assets, most companies find it hard to grab market opportunities. This therefore implies the need for a smart solution.
Global Mechanical, Electrical, and Plumbing (MEP) Software Market: Dynamics
- Increasing smart city projects
- The increasing funding by the government of various countries for the implementation of smart city projects has given the main growth opportunity to the construction industry which accelerated the demand for Mechanical, Electrical, and Plumbing (MEP) Software. For example: In 2015, the Minister of Housing and Urban Affairs, Government of India initiated a smart city program, in which government released a total fund of US$ 29.5 billion (INR 2,01,981 crore) for 99 smart cities.
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North America Led the Global Market in 2019
- Based on the region, the global Mechanical, Electrical, and Plumbing (MEP) Software market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
- North America held a dominant share of the global Mechanical, Electrical, and Plumbing (MEP) Software market in 2019. It is expected to continue its dominance throughout the forecast period. The U.S. and Canada are the major countries that drive the market in this region.
- The increased influence of market leaders such as Autodesk, Inc.,Trimble Inc., Bentley Systems, Incorporation, etc. and early adoption technology pattern are some of the key factors that make North America dominant in the global mechanical, electrical and plumbing (MEP) software market.
- The Mechanical, Electrical, and Plumbing (MEP) Software market in the Asia Pacific is expected to expand at the maximum CAGR during the forecast period. India, China, Japan, and Australia are major countries of the Mechanical, Electrical, and Plumbing (MEP) Software market in the region.
- The growing population of urbanization in Asia Pacific countries has raised the demand for new construction that has simultaneously intensified the Mechanical, Electrical, and Plumbing (MEP) software market in this region. Moreover Increasing government spending in smart city projects has also acclered the market in this region .
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Key Players Operating in the Global Market
Key players operating in the global Mechanical, Electrical, and Plumbing (MEP) Software market are listed below:
- MagiCAD Group
- Autodesk, Inc.
- Trimble Inc.
- Nemetschek Group
- Bentley Systems, Incorporated
- Construction Industry Holdings Plc
- eVolve MEP
- Exactal Group Limited
- On Center Software, Inc
- Design Master Software, Inc
- Renga Software
Global Mechanical, Electrical, and Plumbing (MEP) Software Market, by Company
Global Mechanical, Electrical, and Plumbing (MEP) Software Market: Research Scope
Global Mechanical, Electrical, and Plumbing (MEP) Software Market, by Software Type
- BIM MEP Software
- CAD MEP Software
Figure: Global Mechanical, Electrical, and Plumbing (MEP) Software Market, by Software Type
Global Mechanical, Electrical, and Plumbing (MEP) Software Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Figure: Global Mechanical, Electrical, and Plumbing (MEP) Software Market , by Region
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