Press release
Mechanical Electrical And Plumbing Software Global Market Worth $7.56 Billion By 2028 Rapid Growth Predicted CAGR of 10.6% | Siemens AG, Schneider Electric, Ecolab Inc., EMCOR Group Inc., Autodesk Inc.
Mechanical Electrical And Plumbing Software Global Market
The mechanical electrical and plumbing software market size is expected to see rapid growth in the next few years. It will grow to $7.56 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to renewable energy integration, focus on maintenance and facility management, global infrastructure investments, sustainable design and certification, data security and privacy measures.. Major trends in the forecast period include building information modeling (bim) integration, cloud-based solutions, mobile accessibility and field integratio, iot and smart building integration, focus on collaboration and communication..
Market Overview -
Mechanical, electrical, and plumbing (MEP) refers to the installation of services that provide a comfortable space for building occupants. Mechanical electrical and plumbing (MEP) software refers to a type of computer-aided design (CAD) software used by engineers, designers, and contractors to design, model, and document mechanical, electrical, and plumbing systems in buildings. They are used for creating 2D and 3D drawings of mechanical, electrical, and plumbing systems.
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Rising Demand For Energy-Efficient Buildings Fuels The Mechanical, Electrical, And Plumbing Software Market
The increasing demand for energy-efficient buildings is expected to propel the growth of the mechanical, electrical, and plumbing software market going forward. Energy-efficient buildings refer to structures designed and constructed to minimize energy consumption and maximize resource efficiency while maintaining comfort, functionality, and occupant well-being. Mechanical electrical and plumbing software aids in operational efficiency, lifecycle analysis, and green building certification, meeting the rising awareness of environmental impact. For instance, in October 2022, according to the US Green Building Council (USGBC), a US-based non-profit organization, in the US over 5,000 additional projects were leadership in energy and environmental design (LEED) certified in 2022, and 8,800 additional project registrations were made in 2022. Further, in February 2022, 1,077 leadership in energy and environmental design projects were approved in China, covering more than 152 million square feet of certified Leadership In Energy And Environmental Design space in 2021. Therefore, the increasing demand for energy-efficient buildings is driving the growth of the mechanical, electrical, and plumbing software market.
Competitive Landscape -
Major companies operating in the mechanical electrical and plumbing software market report are Siemens AG, Schneider Electric, Ecolab Inc., EMCOR Group Inc., GDI Integrated Facility Services Inc., Dassault Systèmes SE, Autodesk Inc., Trimble Inc., Sage Group, AVEVA Group, Bentley Systems Incorporated, Caravan Facilities Management LLC, Knight Facilities Management Inc., Graphisoft SE, ProTenders Inv., Continuum Services, EDSA Micro Corporation, Camelot Facility & Property Management, Crockett Facilities Services Inc., CYPE Ingenieros SA, MEPcontent, BIM-ME, Choice Facility Services & Construction Inc., Dohn Engineering PLC, Assurance Facility Management Inc., eSUB Construction Software, Global Facility Solutions Inc., Priosoft Construction Software
Mechanical, Electrical, And Plumbing Software Market Leaders Embrace Digital Mep Workflows For Enhanced Customer Service
Major companies operating in the mechanical electrical and plumbing software market are adopting innovative technologies such as digital mechanical, electrical, and plumbing (MEP) workflow to provide reliable customer service. Digital mechanical, electrical, and plumbing (MEP) workflows use digital tools and technologies in mechanical, electrical, and plumbing (MEP) design to automate tasks, improve communication, and share information across the project team. For instance, in September 2021, Trimble Inc., a US-based software, hardware, and services provider, launched SysQue v8.3, a uniquely designed digital tool to drive greater efficiency in modeling workflows and digitizing MEP workflows from design to the shop floor. The ability to quickly configure wall assemblies, save configurations as business standards, and set them in the model at precise heights improves electrical efficiency and productivity. With the addition of the PypeServer interface, it can create pipe CAM files directly from the Revit model.
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Key Segments -
The mechanical electrical and plumbing software market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment: Cloud, On-Premises
3) By Application: Construction Industry, Electrical Industry, Mechanical Engineering, Plumbing Industry, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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