United States (US) MEP Services Market – Global Industry Analysis By Development, Size, Share and Demand Forecast

SDKI Inc. published a new research report on the US MEP Services Market-Growth, Trends, COVID-19 Impacts, and Forecasts 2022-2030. The report provides a complete assessment of the market and its growth prospects, along with new business opportunities in the industry. It also includes market size and annual growth during the 2022-2030 forecast period.

Report sample URL
https://www.sdki.jp/sample-request-114013

The US MEP services market is expected to grow at a CAGR of 16% during the 2022-2030 forecast period.

Mechanical electrical and plumbing (MEP) includes planning, designing, and managing various MEP systems in a building. MEP services are gaining momentum as BIM integration into building construction, planning and management progresses. MEP contributes a significant portion of the construction cost of the project. Increased construction projects in the region, such as the refurbishment of Denver International Airport and the upgrade of Transportation in New York City, are expected to drive market growth. The COVID-19 pandemic is influencing his MEP services market with respect to supply chain disruptions. The closure of the factory has increased lead times for some products. However, with the recent full operation of the factory, production levels have begun to improve significantly.

Design plays an important role in his MEP service, as a significant portion of the service provider's revenue comes from his MEP design. According to a study by Consulting-Specifying Engineer, more than half (58%) of his MEP giant's revenue from all of his MEP giants came from his MEP design in 2019, with an average MEP design revenue per company being him. Was 83.9 million US dollars.

Market segment

The US MEP services market is divided by type (new construction, retrofit and renovation, commissioning activities) and by end-user industry (medical, commercial offices, educational institutions, public institutions, industrial facilities, warehouses). These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Based on type, the retrofit and renovation segments are expected to drive market growth during the forecast period. Despite the recession, US construction projects are experiencing positive growth. The United States is considered one of the most important regions of the construction industry around the world due to the evolution of the housing industry. In addition, the demand for retrofits and home / building renovations is skyrocketing in this country. According to a 2019 report by the Harvard Condominium Research Center, the US market for home improvement and repair exceeds US $ 400 billion annually.

Based on the end-user industry, the healthcare segment is expected to drive market growth. The healthcare sector in the region is considered one of the key sectors for the economy to function optimally. However, they face the major problems of inefficient planning and lack of resources in medical facilities. As a result, end users in the healthcare sector are beginning to realize the potential of MEP services to take advantage of facility inefficiencies. This is expected to increase demand for MEP services in the healthcare sector,

Major key player in the market

Key players in the US MEP services market include Jacobs Engineering Group Inc, HDR Inc, AECOM and Arup Group. The survey includes a detailed competitive analysis, corporate profile, recent developments, and key market strategies for these key companies in the US MEP services market.

Detailed contents of the survey report
https://www.sdki.jp/reports/united-states-us-mep-services-market/114013

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This release was published on openPR.