Mechanical Electrical and Plumbing (MEP) Services Market in North America- Roadmap for Recovery from COVID-19 | Risk Minimization Through Outsourcing to boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE) – Technavio has monitored the mechanical electrical and plumbing services (MEP) market in North America and is projected to grow by $ 37.39 billion between 2020 and 2024 and to grow at an annual rate of nearly 16% over the forecast period. The report provides an up-to-date analysis of the current market scenario, the latest trends and drivers as well as the overall market environment.

Although the COVID-19 pandemic continues to change the growth of various industries, the immediate effects of the outbreak are different. While some industries will see a decline in demand, many others remain unscathed and have promising growth opportunities. Technavio’s in-depth research covers all of your needs as our research reports cover all foreseeable market scenarios, including pre and post COVID-19 analysis. Download a free sample report on the effects of COVID-19

Frequently asked Questions-

• What is the leading segment in the market based on segmentation by end user?

• The commercial segment is expected to be the leading segment in the world market in the forecast period.

• What are the main trends in the market?

• The advancement of service contracts is one of the most important trends in the market.

• At what speed should the market grow?

• With a CAGR of nearly 16%, the market is expected to grow incrementally by $ 37.39 billion.

• Who are the top players in the market?

• Assurance Facility Management, Camelot Facility & Property Management, Caravan Facilities Management LLC, Selection Maintenance, Continuum Services, EMCOR Group Inc., Express Facilities Services Ltd. (EFS), Mace Group, MEP Engineering Inc. and WSP Global Inc. are some of the key players in the market.

• What are the main market drivers and challenges?

• Minimizing risk through outsourcing is one of the main drivers driving the market. However, the limited differentiation of services is holding back market growth.

• How big is the US market?

• The US region will contribute 60% to market growth.

The market is fragmented and the degree of fragmentation will accelerate over the forecast period. Assurance Facility Management, Camelot Facility & Property Management, Caravan Facilities Management LLC, Choice Maintenance, Continuum Services, EMCOR Group Inc., Express Facilities Services Ltd. (EFS), Mace Group, MEP Engineering Inc. and WSP Global Inc. are some of the key players in the market. Minimizing risk through outsourcing offers enormous growth opportunities. To take advantage of the most opportunities, market vendors should focus more on the growth prospects in the fast growing segments while maintaining their position in the slow growing segments.

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Mechanical Electrical & Plumbing Services (MEP) Market in North America 2020-2024: Segmentation

The North American Mechanical Electrical & Plumbing Services (MEP) market is segmented as follows:

• End user

  • Commercially

  • government

  • Residential

• Geography

• service

  • Consulting and engineering

  • Maintenance and support

  • System integration

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North America Mechanical Electrical & Plumbing Services (MEP) Market 2020-2024: Scope

Technavio provides a detailed picture of the market through the study, synthesis and summary of data from multiple sources. North America Mechanical Electrical and Plumbing Services (MEP) Market report covers the following areas:

• North America Mechanical Electrical and Plumbing Services (MEP) market size

• North America Mechanical Electrical and Plumbing Services (MEP) market trends

• Mechanical Electrical and Plumbing Services (MEP) market analysis in North America

This study identifies the development of service contracts as one of the main drivers of the growth of the mechanical electrical and plumbing services (MEP) market in North America over the next several years.

Technavio proposes three forecast scenarios (optimistic, likely and pessimistic) that take into account the effects of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacts on market research reports.

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North America Mechanical Electrical & Plumbing Services (MEP) Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024

• Detailed information on factors that will support the growth of the mechanical electrical and plumbing services (MEP) market in North America over the next five years

• Estimate North America Mechanical Electrical and Plumbing Services (MEP) market size and contribution to the parent market

• Predicting upcoming trends and changes in consumer behavior

• The growth of the mechanical electrical and plumbing services (MEP) market in North America

• Analysis of the competitive landscape of the market and detailed information on providers

• Full details of factors that will challenge the growth of Mechanical Electrical and Plumbing Services (MEP) market providers in North America

Contents:

Summary

Market landscape

• Market ecosystem

• Market characteristics

• Value chain analysis

Market size

• Market definition

• Market segment analysis

• Market size 2019

• Market outlook: forecast for 2019-2024

Five forces analysis

• Summary of the five forces

• Bargaining power of buyers

• Bargaining power of suppliers

• Newcomer threat

• Threat from substitutes

• Threat of rivalry

• Market condition

Market segmentation by end user

• Market segments

• Comparison by end user

• Commercial – Market size and forecast 2019-2024

• Government – Market size and forecast 2019-2024

• Residential Real Estate Market Size and Forecast 2019-2024

• End-user market opportunity

Market segmentation by service

• Market segments

• Comparison by service

• Consulting and Engineering – Market Size and Forecast 2019-2024

• Maintenance and Support Market Size and Forecast 2019-2024

• Systems Integration – Market size and forecast 2019-2024

• Market opportunity through service

Customer landscape

Geographic landscape

• Geographic segmentation

• Geographic comparison

• USA – Market size and forecast 2019-2024

• Canada – Market size and forecast 2019-2024

• Mexico – Market size and forecast 2019-2024

• Market opportunity by geography

• Market leader

• Market challenges

• Market trends

Supplier landscape

• Sales landscape

• Landscape disturbance

Supplier analysis

• Provider covered

• Market positioning of providers

• Assurance facility management

• Camelot Facility & Property Management

• Caravan Facilities Management LLC

• Selection of maintenance

• Continuum Services

• EMCOR Group Inc.

• Express Facilities Services Ltd. (EFS)

• Mace Group

• MEP Engineering Inc.

• WSP Global Inc.

appendix

• Scope of the report

• Currency conversion rates for US $

• Research methodology

• List of abbreviations

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