Market Size of Global Mechanical Electrical and Plumbing (MEP) Services Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mechanical Electrical and Plumbing (MEP) Services Market Analysis
Global Mechanical Electrical and Plumbing (MEP) Services Market is expected to register a CAGR of more than 7% during the forecast period (2022-2027).
The COVID-19 pandemic severely impacted the MEP services sector, as several countries imposed restrictions and various measurement which disrupted the supply chains. As a result, the materials and components used in MEP equipment, such as refrigerants, compressors, and embedded systems, are in short supply. But now the industry is recovering to pre pandemic levels.
Furthermore, the MEP services contribute to the significant portion of projects' construction cost. With the growing number of construction projects across Asia-Pacific, North America, Europe regions, it is expected to drive the growth of the market. However, design plays a vital role in MEP services as a significant share of the revenue for any service provider is generated from MEP design. In addition, MEP designs are delivered remotely using e-commerce services. With the development of modern design software and collaboration tools, architects and engineers are delivering customized MEP designs services, based on specific tasks or amounts of work.
Mechanical Electrical and Plumbing (MEP) Services Industry Segmentation
MEP Services encompasses the design, engineering, consulting, and maintenance-related activities provided by engineering firms across a wide range of end-user verticals. Furthermore, report offers a complete background analysis of Global Mechanical Electrical and Plumbing (MEP) Services Market, which includes an assessment of the economy, market overview, market size estimation for key segments, and emerging trends in the market, market dynamics, and key company profiles are covered in the report.
The Global Mechanical Electrical and Plumbing (MEP) Services Market is segmented by Type (Mechanical Services, Electrical Services and Plumbing Services), by End-Users (Commercial and Residential) and by Geography (North America, Europe, Asia Pacific, Middle East and Africa and South America). The report offers market size and forecasts for Global Mechanical Electrical and Plumbing (MEP) Services Market in value (USD Billion) for all above segments.
| By Type | |
| Mechanical Services | |
| Electrical Services | |
| Plumbing Services |
| By End-Users | |
| Commercial | |
| Residential |
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Global Mechanical Electrical and Plumbing (MEP) Services Market Size Summary
The Mechanical Electrical and Plumbing (MEP) services market is poised for significant growth, driven by the recovery from pandemic-induced disruptions and the increasing demand for construction projects across various regions, including Asia-Pacific, North America, and Europe. The sector, which faced challenges due to supply chain disruptions and material shortages during the COVID-19 pandemic, is now rebounding to pre-pandemic levels. MEP services are a crucial component of construction costs, and the rising number of construction projects, particularly in residential and infrastructure sectors, is expected to propel market expansion. The integration of modern design software and e-commerce services has enhanced the delivery of customized MEP designs, further contributing to market growth.
In North America, the demand for MEP services is primarily driven by new construction activities, with a growing emphasis on sustainability and eco-friendly systems. The United States leads the North American market, supported by positive growth in new construction projects and a robust residential market. The MENA region also sees increased demand for MEP services due to major transportation construction projects. Globally, the MEP services market is fragmented, with key players like Jacobs Engineering Group Inc, Atkins, and WSP leveraging strategic partnerships and acquisitions to expand their market presence. These developments underscore the critical role of MEP services in supporting energy efficiency and cost reduction in the construction industry.
Global Mechanical Electrical and Plumbing (MEP) Services Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Current Market Scenario
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1.2 Industry Policies and Regulations
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1.3 Technological Developments in the Sector
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1.4 Insights on Cost Structure Analysis
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1.5 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Mechanical Services
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2.1.2 Electrical Services
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2.1.3 Plumbing Services
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2.2 By End-Users
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2.2.1 Commercial
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2.2.2 Residential
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Mexico
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2.3.1.3 Canada
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Italy
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 Australia
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2.3.3.4 India
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Middle East & Africa
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2.3.4.1 Qatar
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2.3.4.2 Saudi Arabia
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2.3.4.3 United Arab Emirates
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2.3.4.4 South Africa
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2.3.4.5 Rest of Middle East & Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Colombia
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2.3.5.4 Rest of South America
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Global Mechanical Electrical and Plumbing (MEP) Services Market Size FAQs
What is the current Global Mechanical Electrical and Plumbing (MEP) Services Market size?
The Global Mechanical Electrical and Plumbing (MEP) Services Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Global Mechanical Electrical and Plumbing (MEP) Services Market?
Jacobs, Atkins, ETA Engineering, WSP and AECOM are the major companies operating in the Global Mechanical Electrical and Plumbing (MEP) Services Market.
