0

Mechanical Electrical and Plumbing Services Market in India by End-user and Service - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR70408
Technavio

The 2022-2026 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The mechanical electrical and plumbing services market in India has the potential to grow by USD 1.90 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 16.84%.

This mechanical electrical and plumbing services market in India research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (commercial, government, and residential) and service (consulting and engineering, maintenance and support, and system integration). The report also offers information on several market vendors, including Blue Star Ltd., BR MEP Engineers Pvt. Ltd., and INI Infrastructure & Engineering, among others.

What will the Mechanical Electrical and Plumbing Services Market in India Size be in 2021?

Browse TOC and LoE with selected illustrations and example pages of Mechanical Electrical and Plumbing Services Market in India

 Get Your FREE Sample Now!

Mechanical Electrical and Plumbing Services Market in India: Key Drivers and Trends

The risk minimization through outsourcing is notably driving the mechanical electrical and plumbing services market in Indiagrowth, although factors such as limited differentiation in services may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the mechanical electrical and plumbing services market in India get your FREE report sample now.

  • Outsourcing various facility-related services, such as HVAC, water management, and various other electro-mechanical support functions, helps end-users focus on their core business activities. 
  • Businesses these days are highly inclined to generate profits out of their core processes while divesting or handing over non-profitable/allied processes to third-party vendors that are potentially competent to handle the responsibility.
  • The increasing urban population is facilitating the growth of commercial and residential construction. 
  • Outsourcing also ensures that end-users can focus on core activities while vendors handle the responsibility of MEP services and possible risks associated with them.
  • Rising construction activities in both the residential and non-residential sectors will increase the demand for MEP services in India. 
  • The growth of the construction sector is well complemented by growth in the corporate environment and the demand for office spaces as well as urban and semi-urban accommodations.
  • Growth in the real estate sector is expected to increase the demand for MEP services in India. 
  • The rise in commercial building construction boosts the need for effectively managing facilities in the country. 
  • Various investments and the growth of the real estate sector in India are expected to fuel the demand for MEP services, which will drive the growth of the market during the forecast period. 

This mechanical electrical and plumbing services market analysis in India report also provides detailed information on upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Mechanical Electrical and Plumbing Services Market in IndiaVendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Blue Star Ltd.
  • BR MEP Engineers Pvt. Ltd.
  • INI Infrastructure & Engineering
  • Meinhardt Group
  • Sense Projects Pvt. Ltd.
  • Sterling and Wilson Powergen Pvt. Ltd.
  • TATA projects
  • VK Building Services Pvt. Ltd.
  • Voltas Ltd.
  • WSP Global Inc

 

The mechanical electrical and plumbing services market in Indiais fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the mechanical electrical and plumbing services market forecast in India report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating End-user Segments in the Mechanical Electrical and Plumbing Services Market in India?

Mechanical-Electrical-And-Plumbing-Services-Market-In-India-Market-Share-by-End-2020-2025

To gain further insights on the market contribution of various segments Request for a FREE sample

Infrastructural investments in India have aided the expansion of the commercial sector in the country. Hence, there has been an increase in the demand for managing various aspects of a commercial building, which, in turn, is driving the growth of outsourced service vendors. Therefore, the growth of the market segment is expected to be significant during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the mechanical electrical and plumbing services market in Indiasize.

 

Event-Tickets-Market-Report

Request for a FREE sample

What are the Key Factors Covered in this Mechanical Electrical and Plumbing Services Market in India Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive mechanical electrical and plumbing services market growth in India during the next five years
  • Precise estimation of the mechanical electrical and plumbing services market size in India and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the mechanical electrical and plumbing services industry in India 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of mechanical electrical and plumbing services vendors in India

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Mechanical Electrical And Plumbing Services Market In India Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 17%

Market growth 2021-2025

$ 1.90 billion

Market structure

Fragmented

YoY growth (%)

9.43

Regional analysis

Africa

Performing market contribution

India at 100%

Key consumer countries

India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Blue Star Ltd., BR MEP Engineers Pvt. Ltd., INI Infrastructure & Engineering, Meinhardt Group, Sense Projects Pvt. Ltd., Sterling and Wilson Powergen Pvt. Ltd., TATA projects, VK Building Services Pvt. Ltd., Voltas Ltd., and WSP Global Inc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis 2020 & 2025
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Commercial - Market size and forecast 2020-2025
    • Government - Market size and forecast 2020-2025
    • Residential - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Market Segmentation by Service

    • Market segments
    • Comparison by Service
    • Consulting and Engineering - Market size and forecast 2020-2025
    • Maintenance and Support - Market size and forecast 2020-2025
    • System Integration - Market size and forecast 2020-2025
    • Market opportunity by Service

    Customer Landscape

    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Blue Star Ltd.
    • BR MEP Engineers Pvt. Ltd.
    • INI Infrastructure & Engineering
    • Meinhardt Group
    • Sense Projects Pvt. Ltd.
    • Sterling and Wilson Powergen Pvt. Ltd.
    • TATA projects
    • VK Building Services Pvt. Ltd.
    • Voltas Ltd.
    • WSP Global Inc

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The mechanical electrical and plumbing services market growth will increase by $1903.99 million during 2020-2025.
    The mechanical electrical and plumbing services market is expected to grow at a CAGR of 16.84% during 2020-2025.
    Technavio has segmented the mechanical electrical and plumbing services market by end user (Commercial, Government, and Residential) ,service (Consulting and Engineering, Maintenance and Support, and System Integration) , and geographic (Africa).
    Blue Star Ltd., BR MEP Engineers Pvt. Ltd., INI Infrastructure & Engineering, Meinhardt Group, Sense Projects Pvt. Ltd., Sterling and Wilson Powergen Pvt. Ltd., TATA projects, VK Building Services Pvt. Ltd., Voltas Ltd., WSP Global Inc are a few of the key vendors in the mechanical electrical and plumbing services market.
    Africa will register the highest growth rate of 100.00% among the other regions. Therefore, the mechanical electrical and plumbing services market in Africa is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the mechanical electrical and plumbing services market growth are:
    • Risk minimization through outsourcing
    The mechanical electrical and plumbing services market vendors should focus on grabbing business opportunities from the commercial segment as it accounted for the largest market share in the base year.
    Safe and Secure SSL Encrypted
    Technavio

    Single User:

    2500 USD

    Technavio Get the report (PDF) sent to your email within minutes.

    Subscribe & Save

    Get lifetime access to our
    Technavio Insights

    Want to customize this report?

    This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

    We offer $1000 worth of FREE customization at the time of purchase
    Technavio
    Enquire Before Buying
    1. Home
    2. Materials
    3. Published Report
    17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>