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MEP (Mechanical, Electrical, and Plumbing) Services Market

MEP (Mechanical, Electrical, and Plumbing) Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

MEP (Mechanical, Electrical, and Plumbing) Services Market: Introduction

  • MEP (mechanical, electrical, and plumbing) services refer to aspects of building design and construction. For commercial projects, these elements are often designed by specialized consultants or an engineering firm. MEP design is important for planning, accurate documentation, decision-making, cost estimation, construction, operations, and maintenance of the resulting facilities.

Key Drivers of the Global MEP (Mechanical, Electrical, and Plumbing) Services Market

  • Rapid urbanization, rising disposable income, and increasing construction activities are major factors which influence the improvements in standard of living. A growing public sector and private sector propels the demand for MEP systems as these services have become an important part of building services and offer many different functions. Typically, project plans are designed by specialized consultants and contractors. MEP systems can present complex challenges in terms of coordination and detailing. They satisfy multiple objectives and criteria for design, installation, commissioning, operation, and maintenance. These are the factors which are likely to accelerate the growth of the MEP (mechanical, electrical, and plumbing) services market in the near future.

Factor Restraining the Global MEP (Mechanical, Electrical, and Plumbing) Services Market

  • Complex installation, testing operations, and maintenance procedures are some of the challenges which can hinder the growth of the MEP (mechanical, electrical, and plumbing) services market.

Market in Asia Pacific to Expand Rapidly

  • In terms of region, the global MEP (Mechanical, Electrical, and Plumbing) Services market can be divided into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
  • North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the MEP (mechanical, electrical, and plumbing) services market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the MEP (mechanical, electrical, and plumbing) services market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America MEP (mechanical, electrical, and plumbing) services market is segmented into Brazil, and Rest of South America.
  • North America accounted for largest share of the global MEP (mechanical, electrical, and plumbing) services market due to the rising trend of luxury homes and growing infrastructure projects which is influencing the market growth in the region. Rising infrastructure development and real estate investment is a prime factor driving the growth of the MEP (mechanical, electrical, and plumbing) services market in North America. 
  • The MEP (mechanical, electrical, and plumbing) services market in Asia Pacific is projected to expand rapidly during the forecast period due to rising residential and commercial projects in the region. Growing awareness about outsourcing services of electrical construction, mechanical construction, and plumbing systems from a single source is expected to fuel the growth of the MEP (mechanical, electrical, and plumbing) services market in the region.

Key Players Operating in the Global Market

Companies in the MEP (mechanical, electrical, and plumbing) services market are focusing on enhancing their competitive advantage and market share globally. Companies are strategizing and planning to increase various capital projects in both the public and private sector, which helps to strengthen their market presence. Extensive competition is a major challenge, and hence companies are strategizing on partnerships, agreements, and acquisitions to expand their presence in the market.

A few of the key players operating in the global MEP (mechanical, electrical, and plumbing) services market are:

  • Caravan Facilities Management LLC
  • Choice Maintenance
  • Dewberry
  • EMCOR Group Inc.
  • Galloway & Company
  • Global Facility Solutions, LLC
  • McGill Associates
  • MEP Engineering, Inc.
  • Vee Technologies
  • WSP Global Inc.

Global MEP (Mechanical, Electrical, and Plumbing) Services Market: Research Scope

Global MEP (Mechanical, Electrical, and Plumbing) Services Market, by Type

  • Mechanical Services
  • Electrical Services
  • Plumbing Services

Global MEP (Mechanical, Electrical, and Plumbing) Services Market, by End-use

  • Residential
  • Commercial

Global MEP (Mechanical, Electrical, and Plumbing) Services Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report on the global MEP (mechanical, electrical, and plumbing) services market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.

MEP (Mechanical, Electrical, and Plumbing) Services Market

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