North America - Mechanical Electrical and Plumbing (MEP) Services Market by Service and End-user - Forecast and Analysis 2024-2028

  • Published: Oct 2023
  • Pages: 159
  • SKU: IRTNTR43964

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The Mechanical Electrical and Plumbing (MEP) Services Market in North America market size is estimated to grow at $$ 23372.82 mn in 2024-2028 .
Market segmentation by service (Consulting and engineering, Maintenance and support, and System integration), end-user (Commercial, Government, and Residential), and geography (North America, Canada, Mexico, US, and Canada).
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, WSP Global Inc. are a few of the key vendors in the mechanical electrical and plumbing (mep) services market in north america market.
The key factors driving the market growth are:
  • Rise in adoption of outsourcing mechanical, electrical, and plumbing services
  • Technological advancements in building management systems
  • System integrators in the mechanical, electrical, and plumbing services market in North America are expected to benefit from new tools and technologies incorporated into the buildings during the forecast period. Consulting and engineering services will also find an appreciation in terms of new business contracts. Some of the modern technologies that are expected to play a significant role in shaping the future of mechanical, electrical, and plumbing services include: HVAC and refrigeration using alternative sources of energy
  • Refrigeration and air conditioning activities consume around 45% of the primary energy deployed in the building facility operations. The use of solar energy panels on rooftops of buildings can result in potential energy savings. The harnessed energy, being non-depleting and emission-free, can be used effectively for various thermal and electrical applications. Convergence of IoT and smart buildings
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