India - Mechanical Electrical and Plumbing Services Market by End-user and Service - Forecast and Analysis 2023-2027
| Published: Aug 2023 | Pages: 127 | SKU: IRTNTR70408 |
India - Mechanical Electrical and Plumbing Services Market Analysis Report 2023-2027
The India - mechanical electrical and plumbing services market size is estimated to grow at a CAGR of 15.91% between 2022 and 2027. The market size is forecast to increase by USD 2,280.74 million. The growth of the market depends on several factors such as the rising renewable energy integration, growth in the real estate sector, and maximizing profits in facility operations.
This India mechanical electrical and plumbing services market report extensively covers market segmentation by end-user (commercial, government, and residential), and service (consulting and engineering, maintenance and support, and system integration). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
What will be the size of the India Mechanical Electrical And Plumbing Services Market During the Forecast Period?
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India Mechanical Electrical And Plumbing Services Market: Key Drivers, Trends and Challenges
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key India Mechanical Electrical And Plumbing Services Market Driver
Rising renewable energy integration is the key factor driving the growth of the market. The focus is increasingly on energy-efficient MEP systems. Renewable energy sources such as solar panels, wind turbines, and biomass generators are integrated with the electrical system to power lighting, HVAC and other building systems. MEP services must integrate solar panels into the building's electrical infrastructure, ensuring full connectivity, energy storage solutions, and synchronization with the main grid.
Moreover, hybrid systems combining conventional energy production with renewable energies are frequently incorporated into the MEP system in modern buildings. The energy supply is assured by the seamless switchover of sources, taking account of availability and demand, in these systems. In order to manage the integration of different energy sources, MEP professionals need to set up sophisticated control systems. Thus, the market will grow significantly during the forecast period as a result of an increasing integration of renewables.
Key India Mechanical Electrical And Plumbing Services Market Trends
The emergence of building information modeling is the primary trend in the market. Building Information Modeling (BIM) enables construction project stakeholders, including engineers, architects, contractors, and MEP owners to collaborate more effectively by sharing a model. single, centralized digital image. This reduces conflicts, errors, and rework. BIM provides precise quantities for MEP components, allowing for more accurate cost estimates and budgeting.
In addition, BIM generates detailed and standardized documentation including drawings, schedules, and specifications for the MEP system. This facilitates construction and maintenance operations. BIM facilitates the modernization and renovation of existing buildings by providing accurate construction information and facilitating the integration of new MEP systems. Therefore, the emergence of BIM will drive the growth of the market during the forecast period.
Key India Mechanical Electrical And Plumbing Services Market Challenge
The lack of skilled labor required for MEP services is a challenge that affects the growth of the market. The need for skilled technicians and engineers capable of designing, installing, and maintaining complex MEP systems often exceeds the available workforce. Lack of skilled labor can lead to delays in project progress, which can lead to financial loss and negatively impact overall project progress. Inadequate training and experience of the available workforce can lead to poor quality work, resulting in system failures, inefficiencies, and costs.
Moreover, the lack of skilled labor can lead to the use of unskilled or low-skilled labor, potentially affecting the safety and effectiveness of the MEP system. As a result, the lack of skilled labor will lead to project delays, quality problems, rising costs, and reliance on unskilled labor, which will hinder the growth of the market during the forecast period.
India Mechanical Electrical And Plumbing Services Market Customer Landscape
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
India Mechanical Electrical and Plumbing Services Market Customer Landscape
Who are the Major India Mechanical Electrical and Plumbing Services Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
WSP Global Inc.: The company offers mechanical electrical and plumbing services for all types of buildings, transportation facilities and industry projects according to clients specific requirements.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
- AEMS ENGINEERS
- Anemo Projects Pvt. Ltd
- ATOM MEP ENGINEERS PVT LTD
- Blue Star Ltd.
- BR MEP Engineers Pvt. Ltd.
- CADEOSYS
- ELCON INFRASTRUCTURE
- INI Infrastructure and Engineering
- K.K Technocrats Pvt. Ltd
- Mani Engineers Pune
- MECELP Project Pvt. Ltd.
- Meinhardt Group
- PillarPlus Pvt. Ltd.
- QDC India Consulting Pvt Ltd
- Sense Projects Pvt. Ltd.
- Sterling and Wilson Renewable Energy Ltd.
- The Sona Group
- Vaya MEP Engineers Pvt. Ltd.
- Voltas Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
What is the Largest-Growing Segments in the India Mechanical Electrical And Plumbing Services Market?
The commercial segment is estimated to witness significant growth during the forecast period. Investment in infrastructure in India has contributed to the expansion of the country's commercial sector. As a result, there is an increasing need to manage different aspects of commercial buildings. Among several types of commercial buildings covered in the study, office buildings emerged as the major shareholders in the overall MEP services market with the highest market share. Other end users in the hospitality, retail, and healthcare industries will see growth in MEP services.
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The commercial segment was the largest segment and was valued at USD 599.27 million in 2017. MEP services provide integrated fire alarm systems, sprinklers, smoke extraction systems, monitoring, and access control systems. MEP services used in the business segment include HVAC, electrical equipment, central plant maintenance, power distribution systems, low voltage systems such as fire alarm systems, medical gas system design economic and vacuum, wastewater treatment, drainage, and wastewater treatment, as well as water. Therefore, the widespread use of MEP services in the commercial segment will boost the growth of the commercial segment which in turn will drive the growth of the India - mechanical electrical and plumbing services market during the forecast period.
Segment Overview
The India mechanical electrical and plumbing services market report forecasts market growth and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
- End-user Outlook (USD Million, 2017 - 2027)
- Commercial
- Government
- Residential
- Service Outlook (USD Million, 2017 - 2027)
- Consulting and engineering
- Maintenance and support
- System Integration
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India Mechanical Electrical And Plumbing Services Market Scope |
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Report Coverage |
Details |
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Page number |
127 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 15.91% |
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Market growth 2023-2027 |
USD 2,280.74 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
17.48 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AEMS ENGINEERS, Anemo Projects Pvt. Ltd, ATOM MEP ENGINEERS PVT LTD, Blue Star Ltd., BR MEP Engineers Pvt. Ltd., CADEOSYS, ELCON INFRASTRUCTURE, INI Infrastructure and Engineering, K.K Technocrats Pvt. Ltd, Mani Engineers Pune, MECELP Project Pvt. Ltd., Meinhardt Group, PillarPlus Pvt. Ltd., QDC India Consulting Pvt Ltd, Sense Projects Pvt. Ltd., Sterling and Wilson Renewable Energy Ltd., The Sona Group, Vaya MEP Engineers Pvt. Ltd., Voltas Ltd., and WSP Global Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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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. |
What are the Key Data Covered in this India Mechanical Electrical And Plumbing Services Market In Country Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the market between 2023 and 2027
- Precise estimation of the market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market across India
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
- Exhibit 06: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 07: Parent market
- Exhibit 08: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 09: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 10: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 11: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 12: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 13: Chart on India: Year-over-year growth 2022-2027 (%)
- Exhibit 14: Data Table on India: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Mechanical electrical and plumbing services market in INDIA 2017 - 2021
- Exhibit 15: Historic Market Size – Data Table on mechanical electrical and plumbing services market in INDIA 2017 - 2021 ($ million)
- 4.2 End-user Segment Analysis 2017 - 2021
- Exhibit 16: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
- 4.3 Service Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – Service Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by End-user
- 6.1 Market segments
- Exhibit 25: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 26: Data Table on End-user - Market share 2022-2027 (%)
- 6.2 Comparison by End-user
- Exhibit 27: Chart on Comparison by End-user
- Exhibit 28: Data Table on Comparison by End-user
- 6.3 Commercial - Market size and forecast 2022-2027
- Exhibit 29: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
- Exhibit 30: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
- Exhibit 31: Chart on Commercial - Year-over-year growth 2022-2027 (%)
- Exhibit 32: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
- 6.4 Government - Market size and forecast 2022-2027
- Exhibit 33: Chart on Government - Market size and forecast 2022-2027 ($ million)
- Exhibit 34: Data Table on Government - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Chart on Government - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Government - Year-over-year growth 2022-2027 (%)
- 6.5 Residential - Market size and forecast 2022-2027
- Exhibit 37: Chart on Residential - Market size and forecast 2022-2027 ($ million)
- Exhibit 38: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Chart on Residential - Year-over-year growth 2022-2027 (%)
- Exhibit 40: Data Table on Residential - Year-over-year growth 2022-2027 (%)
- 6.6 Market opportunity by End-user
- Exhibit 41: Market opportunity by End-user ($ million)
- Exhibit 42: Data Table on Market opportunity by End-user ($ million)
7 Market Segmentation by Service
- 7.1 Market segments
- Exhibit 43: Chart on Service - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Service - Market share 2022-2027 (%)
- 7.2 Comparison by Service
- Exhibit 45: Chart on Comparison by Service
- Exhibit 46: Data Table on Comparison by Service
- 7.3 Consulting and engineering - Market size and forecast 2022-2027
- Exhibit 47: Chart on Consulting and engineering - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Data Table on Consulting and engineering - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Chart on Consulting and engineering - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Consulting and engineering - Year-over-year growth 2022-2027 (%)
- 7.4 Maintenance and support - Market size and forecast 2022-2027
- Exhibit 51: Chart on Maintenance and support - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Maintenance and support - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Maintenance and support - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Maintenance and support - Year-over-year growth 2022-2027 (%)
- 7.5 System integration - Market size and forecast 2022-2027
- Exhibit 55: Chart on System integration - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on System integration - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on System integration - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on System integration - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Service
- Exhibit 59: Market opportunity by Service ($ million)
- Exhibit 60: Data Table on Market opportunity by Service ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 61: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Exhibit 62: Impact of drivers and challenges in 2022 and 2027
- 9.4 Market trends
10 Vendor Landscape
- 10.1 Overview
- 10.2 Vendor landscape
- Exhibit 63: Overview on Criticality of inputs and Factors of differentiation
- 10.3 Landscape disruption
- Exhibit 64: Overview on factors of disruption
- 10.4 Industry risks
- Exhibit 65: Impact of key risks on business
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 66: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 67: Matrix on vendor position and classification
- 11.3 AEMS ENGINEERS
- Exhibit 68: AEMS ENGINEERS - Overview
- Exhibit 69: AEMS ENGINEERS - Product / Service
- Exhibit 70: AEMS ENGINEERS - Key offerings
- 11.4 ATOM MEP ENGINEERS PVT LTD
- Exhibit 71: ATOM MEP ENGINEERS PVT LTD - Overview
- Exhibit 72: ATOM MEP ENGINEERS PVT LTD - Product / Service
- Exhibit 73: ATOM MEP ENGINEERS PVT LTD - Key offerings
- 11.5 Blue Star Ltd.
- Exhibit 74: Blue Star Ltd. - Overview
- Exhibit 75: Blue Star Ltd. - Business segments
- Exhibit 76: Blue Star Ltd. - Key offerings
- Exhibit 77: Blue Star Ltd. - Segment focus
- 11.6 BR MEP Engineers Pvt. Ltd.
- Exhibit 78: BR MEP Engineers Pvt. Ltd. - Overview
- Exhibit 79: BR MEP Engineers Pvt. Ltd. - Product / Service
- Exhibit 80: BR MEP Engineers Pvt. Ltd. - Key offerings
- 11.7 CADEOSYS
- Exhibit 81: CADEOSYS - Overview
- Exhibit 82: CADEOSYS - Product / Service
- Exhibit 83: CADEOSYS - Key offerings
- 11.8 ELCON INFRASTRUCTURE
- Exhibit 84: ELCON INFRASTRUCTURE - Overview
- Exhibit 85: ELCON INFRASTRUCTURE - Product / Service
- Exhibit 86: ELCON INFRASTRUCTURE - Key offerings
- 11.9 INI Infrastructure and Engineering
- Exhibit 87: INI Infrastructure and Engineering - Overview
- Exhibit 88: INI Infrastructure and Engineering - Product / Service
- Exhibit 89: INI Infrastructure and Engineering - Key offerings
- 11.10 K.K Technocrats Pvt. Ltd
- Exhibit 90: K.K Technocrats Pvt. Ltd - Overview
- Exhibit 91: K.K Technocrats Pvt. Ltd - Product / Service
- Exhibit 92: K.K Technocrats Pvt. Ltd - Key offerings
- 11.11 Mani Engineers Pune
- Exhibit 93: Mani Engineers Pune - Overview
- Exhibit 94: Mani Engineers Pune - Product / Service
- Exhibit 95: Mani Engineers Pune - Key offerings
- 11.12 Meinhardt Group
- Exhibit 96: Meinhardt Group - Overview
- Exhibit 97: Meinhardt Group - Product / Service
- Exhibit 98: Meinhardt Group - Key offerings
- 11.13 QDC India Consulting Pvt Ltd
- Exhibit 99: QDC India Consulting Pvt Ltd - Overview
- Exhibit 100: QDC India Consulting Pvt Ltd - Product / Service
- Exhibit 101: QDC India Consulting Pvt Ltd - Key offerings
- 11.14 Sense Projects Pvt. Ltd.
- Exhibit 102: Sense Projects Pvt. Ltd. - Overview
- Exhibit 103: Sense Projects Pvt. Ltd. - Product / Service
- Exhibit 104: Sense Projects Pvt. Ltd. - Key offerings
- 11.15 Sterling and Wilson Renewable Energy Ltd.
- Exhibit 105: Sterling and Wilson Renewable Energy Ltd. - Overview
- Exhibit 106: Sterling and Wilson Renewable Energy Ltd. - Business segments
- Exhibit 107: Sterling and Wilson Renewable Energy Ltd. - Key news
- Exhibit 108: Sterling and Wilson Renewable Energy Ltd. - Key offerings
- Exhibit 109: Sterling and Wilson Renewable Energy Ltd. - Segment focus
- 11.16 Voltas Ltd.
- Exhibit 110: Voltas Ltd. - Overview
- Exhibit 111: Voltas Ltd. - Business segments
- Exhibit 112: Voltas Ltd. - Key offerings
- Exhibit 113: Voltas Ltd. - Segment focus
- 11.17 WSP Global Inc.
- Exhibit 114: WSP Global Inc. - Overview
- Exhibit 115: WSP Global Inc. - Business segments
- Exhibit 116: WSP Global Inc. - Key news
- Exhibit 117: WSP Global Inc. - Key offerings
- Exhibit 118: WSP Global Inc. - Segment focus
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Exhibit 119: Inclusions checklist
- Exhibit 120: Exclusions checklist
- 12.3 Currency conversion rates for US$
- Exhibit 121: Currency conversion rates for US$
- 12.4 Research methodology
- Exhibit 122: Research methodology
- Exhibit 123: Validation techniques employed for market sizing
- Exhibit 124: Information sources
- 12.5 List of abbreviations
- Exhibit 125: 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.
INFORMATION 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
DATA 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
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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mechanical electrical and plumbing services market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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