Press release
United States (US) MEP Services Market 2022 Disclosing Latest Trends and Advancement Outlook 2027
The United States (US) MEP Services Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the United States (US) MEP Services market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the United States (US) MEP Services market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the United States (US) MEP Services market.The United States MEP Services Market is expected to grow at a CAGR of 16% during the forecast period 2021 to 2026.
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Top Leading Companies of United States (US) MEP Services Market are - Jacobs Engineering Group Inc., HDR Inc, Arup Group, AECOM, MEP Engineering, Stantec Inc., Affiliated Engineers Inc., Macro Services, WSP Group, AHA Consulting, Burns Engineering, Wiley Wilson and others.
Industry News and Updates:
- In June 2020: AECOM, in partnership with Canyon Partners, LLC, a global alternative asset management firm, announced a joint venture with The Martin Group to begin the transit-oriented development of Wexler, a mid-rise student housing project. The company announced that it had taken a USD 73.3 million senior construction loan from Pacific Western Bank. The project is scheduled to be completed by fall 2020.
Key Market Trends:
Retrofit and Renovation to Drive the Market Growth
- Over recent years, despite the recession, construction projects in the United States have experienced positive growth. The United States is considered one of the paramount regions for the construction market worldwide due to its evolving residential market. Moreover, the country's demand for retrofit and home/building renovations are on the surge; According to a 2019 report by Harvard Joint Center for Housing Studies, the US market for home improvements and repair was over USD 400 billion annually.
- Home improvement spending in the country has been growing at almost double the rate of rest of the retail sectors, according to the US Department of Commerce. One of the primary contributors toward the growth is the total homeowner equity has nearly doubled in the last five years, enabling homeowners to feel richer and putting more disposable income in their hands, which can be utilized for home improvements.
Demand from Healthcare Institutions to Drive Market Growth
- The healthcare sector in the region is considered one of the crucial sectors for the optimal functioning of the economy. However, it faces the huge problem of inefficient planning and insufficient resources at the healthcare facilities. For instance, researchers from Humana and the University of Pittsburgh reported from their study based on the data from January 2012 to May 2019 that approximately 25% of healthcare spending can be characterized as inefficient.
- Thereby, end-user from the healthcare sector are starting to realize the potential offered by MEP services to leverage inefficiencies in the facilities. Moreover, in a healthcare facility, each department has its specific requirements: operation theatre, Gynaecological Department, or the Paediatrics Department. Additionally, incompetent designs could lead to a catastrophic effect on patient treatment. For instance, low internal air quality could cause adverse effects on the health of the patients.
Investigator Observers Strong Growth in Specific Regions:
- Europe Market (Germany, UK, France, Russia, Italy)
- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
- South America Market (Brazil, Argentina, Colombia)
- North America Market (United States, Canada, Mexico)
- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- United States (US) MEP Services Market Size & Analysis (2016 - 2026)
- Market Share Analysis of United States (US) MEP Services Market (%),2016 - 2026
- United States (US) MEP Services Market Share, By Brand
- United States (US) MEP Services Market Share, By Company
- United States (US) MEP Services Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies United States (US) MEP Services Market Value Analysis & Forecast
- Promising United States (US) MEP Services Development by Major Companies
- Detailed United States (US) MEP Services Portfolio of the Major Companies
- Major Deals in the United States (US) MEP Services Market
- Major Companies Analysis
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Irfan Tamboli (Head of Sales) - Market Insights Reports
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sales@marketinsightsreports.com | irfan@marketinsightsreports.com
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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