Aug 28, 2023   SOURCE: BusinessWire

Global MEP Services Market Analysis: Sales Trends and Growth Predictions Revealed - ResearchAndMarkets.com

The "MEP Services - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The report offers a comprehensive analysis of the MEP (Mechanical, Electrical, Plumbing) services market, examining sales trends and future projections for various geographic regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, and Rest of World.

The report provides insights into the recent past, current state, and future outlook for MEP services in terms of annual sales figures and percentage Compound Annual Growth Rate (CAGR) for the years 2022 through 2030.

The historical review covers the period from 2014 to 2021, and the 16-year perspective analyzes value sales percentage breakdowns for the years 2014, 2023, and 2030. Additionally, the report highlights key competitors and their market presence in different regions for the year 2023, providing a comprehensive understanding of market dynamics and trends.

Global MEP Services Market to Reach $999.1 Million by 2030

In the changed post COVID-19 business landscape, the global market for MEP Services estimated at US$657.2 Million in the year 2022, is projected to reach a revised size of US$999.1 Million by 2030, growing at a CAGR of 5.4% over the analysis period 2022-2030. Commercial, one of the segments analyzed in the report, is projected to record 6.2% CAGR and reach US$372.6 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Residential segment is readjusted to a revised 5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $197.6 Million, While China is Forecast to Grow at 5.1% CAGR

The MEP Services market in the U.S. is estimated at US$197.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$175.1 Million by the year 2030 trailing a CAGR of 5.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

What's New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

A selection of companies mentioned in this report includes

  • Assurance Facility Management
  • Camelot Facility & Property Management
  • Caravan Facilities Management, LLC
  • Choice Facility Services & Construction
  • Continuum Services
  • Crockett Facilities Services, Inc.
  • Dohn Engineering PLC
  • Ecolab, Inc.
  • EMCOR Group, Inc.
  • GDI Integrated Facility Services
  • Global Facility Solutions Inc.
  • Knight Facilities Management, Inc.
  • MEP Engineering, Inc.
  • Resolute Engineering
  • Royal Mechanical Services
  • Total Facility Solutions, Inc.
  • WSP Global Inc
  • XS CAD Limited

For more information about this report visit https://www.researchandmarkets.com/r/vxx5em

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