Mechanical Electrical And Plumbing (MEP) Services Market In North America 2024-2028
The mechanical electrical and plumbing (MEP) services market in North America is forecasted to grow by USD 23,372.82 mn during 2023-2028, accelerating at a CAGR of 7.73% during the forecast period. The report on the mechanical electrical and plumbing (MEP) services market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a rise in adoption of outsourcing mechanical, electrical, and plumbing services, facilitating infrastructure development, and rising renewable energy integration.
Technavio's mechanical electrical and plumbing (MEP) services market in North America is segmented as below:
By Service
- Consulting and engineering
- Maintenance and support
- System integration
By End-user
- Commercial
- Government
- Residential
By Geographical Landscape
This study identifies the technological advancements in building management systems as one of the prime reasons driving the mechanical electrical and plumbing (MEP) services market in North America growth during the next few years. Also, emergence of building information modeling and evolving nature of service contracts will lead to sizable demand in the market.
The report on the mechanical electrical and plumbing (MEP) services market in North America covers the following areas:
- Mechanical electrical and plumbing (MEP) services market in North America sizing
- Mechanical electrical and plumbing (MEP) services market in North America forecast
- Mechanical electrical and plumbing (MEP) services market in North America industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading mechanical electrical and plumbing (MEP) services market in North America vendors that include AECOM, Arup Group Ltd., Balfour Beatty Plc, Carrier Global Corp., CBRE Group Inc., Comfort Systems USA Inc., EMCOR Group Inc., Encore Electric, Faith Technologies Inc., Godrej and Boyce Manufacturing Co. Ltd., Harris Co., HOCHTIEF AG, IES Holdings Inc., Johnson and Pace Inc., LIMBACHHOLDINGS INC., Siemens AG, TDIndustries Inc., Tetra Tech Inc., Veolia Environnement SA, and WSP Global Inc.. Also, the mechanical electrical and plumbing (MEP) services market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.