Mechanical, Electrical, and Plumbing Services market : Expected to be Dominated by Consulting and Engineering Services

NEW JERSEY, UNITED STATES, December 9, 2021 / – Description

New research study “Mechanical, Electrical and Sanitary (MEP) Services Market 2021” – Analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook “” has been added to Coherent Market Insight

Mechanical electrical and plumbing services (MEP) include the planning, construction, and management of various MEP systems of the building. MEP services are gaining in importance with the increasing integration of BIM (Building Information Modeling) in building construction, planning and management. MEP services are an integral part of residential, commercial, and government buildings.

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Mechanical, Electrical, and Plumbing Services (MEP) market research provides a comprehensive view of the industry including definitions, classifications, applications, and frameworks for the industry chain. It illuminates the most important market features as well as current industry developments. The study examines key sectors in depth to determine what is driving market growth, such as trends and opportunities that may have a negative or positive impact on the market over the long term. It also highlights the numerous uses and industries. The study contains data that corresponds to historical milestones and current trends. Each segment has been thoroughly studied, taking into account each key element such as market development potential, Mechanical, Electrical, and Plumbing Services (MEP) market dynamics, market CAGR, and market value.

Main players in this market:

· Global facility solutions
· Macro
· MEP engineering
· WSP. M&A

Drivers & Trends

The market forecasts in the mechanical, electrical and plumbing services (MEP) industry are based on well-founded research and assumptions based on current drivers and trends. As a result, the research report serves as an analysis and data archive for every aspect of the market including applications, SWOT analysis, future potential, new developments, and more. In order to have the overall market firmly under control, several possible growth factors and dangers are assessed.

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

On the basis of the Services, the Global Mechanical, Electrical, and Plumbing Services (MEP) Market is segmented into:
· Consulting & engineering
· Maintenance support
· System integration

On the basis of end consumption, the global Mechanical, Electrical, and Plumbing Services (MEP) Market is segmented into:
· Commercial building
· Residential house
· Government Buildings

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Market dynamics:

Rapid urbanization in emerging economies and the increase in infrastructure projects (such as the emergence of smart cities) are expected to drive growth in the mechanical, electrical, and plumbing services (MEP) market. For example, the Indian government launched the 100 Smart Cities Mission (an urban renewal and redevelopment program) that aims to solve key problems arising from India’s rapid urbanization by 2022.

In addition, an increasing number of construction projects worldwide and increasing infrastructure investments are also expected to fuel the growth of the mechanical, electrical and plumbing services (MEP) market. Qatar, for example, is building nine new football stadiums for the 2022 FIFA World Cup. Additionally, SG Blocks received a $ 2.9 million order in September 2020 to supply 7 modular buildings in New Mexico.

For the Asia-Pacific region, robust growth is expected in the mechanical, electrical and plumbing services (MEP) market due to increasing infrastructure activities and increasing infrastructure investments in the region, particularly in India and China. For example, China approved 26 infrastructure projects in 2019 with an expected total investment of around 981.7 billion yuan (US $ 142 billion).

Competitive analysis:

· Major players in the Mechanical, Electrical and Plumbing Services (MEP) market are EMCOR, WSP, MEP Engineering, Macro and Global Facility Solutions.

· Major players in the market are pursuing various strategies such as product launch, merger and acquisition, business expansion, etc. to strengthen their market position. In February 2021, for example, Robertson Construction commissioned the engineering and service company HE Simm to supply the mechanical, electrical and public health installation (MEP) in Holland Park, Glasgow, for the end customer Moda Living.

In February 2021, Emrill received a three-year contract from Arada to supply MEP, heating, ventilation and air conditioning (HVAC), lifeguards, housekeeping and specialty services for multiple locations in Aljada, including the Aljada Discovery Center.

In February 2021, the REX Engineering Group merged with the Integrated Construction Company and Edwards Construction Services to form REX Construction Services.

In February 2019, Ei Design, Inc. signed an agreement to acquire Wright Engineers’ MEP business to enhance its industry-leading platform in the commercial MEP engineering industry.

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About coherent market insights: –

Coherent Market Insights is a global market research and advisory firm that provides syndicated research reports, bespoke research reports and advisory services. We’re known for our actionable insights and authentic reports in a variety of fields including Aerospace & Defense, Agriculture, Food and Beverage, Automotive, Chemistry and Materials, and virtually every field and comprehensive list of sub-fields under the sun. We create value for our customers through our extremely reliable and accurate reports. We also strive to play a leadership role in providing insights into various sectors following COVID-19 and continue to deliver measurable, sustainable results for our customers.

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December 09, 2021 09:59 GMT

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