Growth of the Mechanical, Electrical and Plumbing Services Market in U.A.E.

With the expansion of the hospitality industry, primarily because of the surge in the travel and tourism industry, the demand for mechanical, electrical, and plumbing (MEP) services is rising sharply in the U.A.E. In recent years, the launch of various tourism development programs and plans, such as the Sharjah Tourism Vision 2021 and the Dubai Tourism Vision, has caused a massive rise in tourist footfall in the country. Additionally, the Forbes travel guide has recently included Dubai in its list of the top 20 places to visit in 2020, which has massively boosted the hospitality industry in the city.

Apart from the aforementioned factor, the surging construction activities and the launch of several infrastructural development projects, especially in the transportation sector, are also driving the expansion of the U.A.E. mechanical, electrical, and plumbing (MEP) services market, owing to which, the revenue of the market is expected to rise from $3,025.9 million in 2020 to $12,946.9 million by 2030. Furthermore, the market is predicted to progress at a CAGR of 15.7% from 2021 to 2030 (forecast period).

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Depending on type, the U.A.E. MEP services market is divided into electrical, plumbing, and mechanical services. Amongst these, the electrical services category is predicted to exhibit the highest CAGR in the market in the upcoming years. This is ascribed to the existence of several uninterruptable power supply (UPS) systems, security systems, light and related control systems, and building management systems in large buildings or premises. Moreover, as all other services within a building are heavily reliant on electricity supply, which serves as the base for various other functions, its regular servicing is extremely critical.

Thus, in order to meet the escalating demand for these services, the players operating in the U.A.E. MEP services market are focusing on entering collaborations and partnerships, as per the observations of the market research company, P&S Intelligence. For example, Azizi Developments hired Mario Associates in November 2020 to provide MEP advisory and design review services for its upcoming projects all over Dubai. Furthermore, a distribution deal was signed between Leminar Air Conditioning Company and Zurn Industries (USA) in February 2020. As per this deal, Leminar Air Conditioning Company became the U.A.E. distributor of the specialty plumbing valves manufactured by Zurn Industries.

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Hence, the demand for MEP services will soar in the U.A.E. in the upcoming years, mainly because of the rapid development of hotels and resorts and increasing construction and infrastructure development projects in the country.

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This release was published on openPR.