Market Overview:
The global MEP (Mechanical, Electrical, and Plumbing) services market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for MEP services from residential and commercial applications. Additionally, the growing construction industry is also fueling the demand for MEP services. North America dominates the global MEP services market followed by Europe and Asia Pacific.
 Services Industry Outlook.svg)
Product Definition:
MEP (Mechanical, Electrical, and Plumbing) Services are the integral building services that provide the necessary infrastructure to buildings. MEP Services encompass the design, engineering, installation, and maintenance of all mechanical systems such as heating and cooling; electrical systems including lighting and power distribution; as well as plumbing systems including water supply, drainage, and waste management. The importance of MEP Services is that they provide a safe and comfortable environment for occupants while also ensuring that critical building functions like security or fire suppression are operational.
Mechanical Services:
Mechanical services are the maintenance and repair operations carried out on mechanical systems such as pumps, engines, boilers, turbines and other associated equipment. Mechanical services include preventive maintenance (inspections & testing), corrective maintenance (adjustments & replacements) and operational support (service management). Mechanical Services in the construction industry have been growing at a steady pace owing to its ability to reduce downtime during construction activities.
Electrical Services:
Electrical services are the primary service that supports all other service in a building. It provides power for lighting, operation of equipment and computers, communication systems such as telephones and internet along with security & fire protection. Electrical services are provided by electrical contractors or electricians who install/service electrical components such as switches, sockets, light bulbs etc in buildings. They also repair damaged parts of the building structure caused due to faulty wiring or installation errors by previous owners or maintenance department.
Application Insights:
The commercial segment accounted for the largest revenue share of over 60.0% in 2017 and is anticipated to maintain its lead over the forecast period. The growth can be attributed to an increase in demand for infrastructure development, such as new construction or renovation of office buildings, retail spaces and hotels, which requires MEP services.
The residential application segment is expected to register a significant CAGR during the forecast period owing to rising demand from emerging economies including China, India and Brazil. Rapid urbanization coupled with increasing disposable income has resulted in increased spending on home remodeling activities across these countries which are likely to propel market growth over the coming years. Increasing investments by foreign players particularly from European countries would also boost industry expansion over the next few years as they have been focusing on developing housing facilities within their borders that could eventually result in higher penetration rates globally speaking one day sooner rather than later haha!.
Regional Analysis:
Europe dominated the global market in 2017, accounting for more than 30.0% of the total revenue share. The region is expected to witness a considerable growth rate over the forecast period owing to increasing demand from commercial and residential sectors in countries such as Germany, U.K., France, Italy, and Spain among others.
The Asia Pacific regional market is anticipated to register significant growth over the forecast period owing to rising construction activities due primarily to growing population coupled with government initiatives aimed at improving living standards especially in emerging economies such as China.
Growth Factors:
- Increasing demand for MEP services from the construction sector as the world moves towards a more sustainable future.
- Rapid urbanization and growing population in developing countries is leading to an increase in demand for new infrastructure, which will drive growth in the MEP services market.
- The increasing use of technology across various industries is resulting in higher efficiency and productivity, which is benefiting the MEP services market.
- Growing awareness about energy conservation and sustainability is encouraging organizations to adopt green building practices, thereby driving growth in the MEP services market .
Scope Of The Report
Report Attributes
Report Details
Report Title
MEP (Mechanical, Electrical, and Plumbing) Services Market Research Report
By Type
Mechanical Services, Electrical Services, Plumbing Services
By Application
Residential, Commercial
By Companies
Caravan Facilities Management, Choice Maintenance, Dewberry, EMCOR Group, Galloway & Company, Global Facility Solutions, McGill Associates, MEP Engineering, Vee Technologies, WSP Global
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global MEP (Mechanical, Electrical, and Plumbing) Services Market Report Segments:
The global MEP (Mechanical, Electrical, and Plumbing) Services market is segmented on the basis of:
Types
Mechanical Services, Electrical Services, Plumbing Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Caravan Facilities Management
- Choice Maintenance
- Dewberry
- EMCOR Group
- Galloway & Company
- Global Facility Solutions
- McGill Associates
- MEP Engineering
- Vee Technologies
- WSP Global
 Services Market Overview.svg)
Highlights of The MEP (Mechanical, Electrical, and Plumbing) Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mechanical Services
- Electrical Services
- Plumbing Services
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the MEP (Mechanical, Electrical, and Plumbing) Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Services Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
MEP services are a combination of mechanical, electrical, and plumbing work.
Some of the key players operating in the mep (mechanical, electrical, and plumbing) services market are Caravan Facilities Management, Choice Maintenance, Dewberry, EMCOR Group, Galloway & Company, Global Facility Solutions, McGill Associates, MEP Engineering, Vee Technologies, WSP Global.
The mep (mechanical, electrical, and plumbing) services market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 MEP (Mechanical, Electrical, and Plumbing) Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 MEP (Mechanical, Electrical, and Plumbing) Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 MEP (Mechanical, Electrical, and Plumbing) Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the MEP (Mechanical, Electrical, and Plumbing) Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global MEP (Mechanical, Electrical, and Plumbing) Services Market Size & Forecast, 2018-2028
4.5.1 MEP (Mechanical, Electrical, and Plumbing) Services Market Size and Y-o-Y Growth
4.5.2 MEP (Mechanical, Electrical, and Plumbing) Services Market Absolute $ Opportunity
Chapter 5 Global MEP (Mechanical, Electrical, and Plumbing) Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Type
5.2.1 Mechanical Services
5.2.2 Electrical Services
5.2.3 Plumbing Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global MEP (Mechanical, Electrical, and Plumbing) Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global MEP (Mechanical, Electrical, and Plumbing) Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America MEP (Mechanical, Electrical, and Plumbing) Services Analysis and Forecast
9.1 Introduction
9.2 North America MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Type
9.6.1 Mechanical Services
9.6.2 Electrical Services
9.6.3 Plumbing Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe MEP (Mechanical, Electrical, and Plumbing) Services Analysis and Forecast
10.1 Introduction
10.2 Europe MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Type
10.6.1 Mechanical Services
10.6.2 Electrical Services
10.6.3 Plumbing Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific MEP (Mechanical, Electrical, and Plumbing) Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Type
11.6.1 Mechanical Services
11.6.2 Electrical Services
11.6.3 Plumbing Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America MEP (Mechanical, Electrical, and Plumbing) Services Analysis and Forecast
12.1 Introduction
12.2 Latin America MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Type
12.6.1 Mechanical Services
12.6.2 Electrical Services
12.6.3 Plumbing Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) MEP (Mechanical, Electrical, and Plumbing) Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Type
13.6.1 Mechanical Services
13.6.2 Electrical Services
13.6.3 Plumbing Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) MEP (Mechanical, Electrical, and Plumbing) Services Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 MEP (Mechanical, Electrical, and Plumbing) Services Market: Competitive Dashboard
14.2 Global MEP (Mechanical, Electrical, and Plumbing) Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caravan Facilities Management
14.3.2 Choice Maintenance
14.3.3 Dewberry
14.3.4 EMCOR Group
14.3.5 Galloway & Company
14.3.6 Global Facility Solutions
14.3.7 McGill Associates
14.3.8 MEP Engineering
14.3.9 Vee Technologies
14.3.10 WSP Global
