The Middle East mechanical, electrical, and plumbing (MEP) market is expected to grow at a CAGR of 7.3% during the forecast period of 2023-2028. The MEP market in the Middle East region includes services related to heating, ventilation, and air conditioning (HVAC), plumbing, electrical systems, and fire protection systems. The growth of the Middle East MEP market is driven by several factors, including the increasing demand for infrastructure development and construction projects in the region, as well as the growing adoption of green building practices and sustainable design. In addition, government initiatives to promote energy efficiency and reduce carbon emissions are also contributing to the growth of the market.
The report highlights some challenges facing the Middle East MEP market, including the impact of the COVID-19 pandemic on the construction industry and supply chain disruptions, as well as the availability of skilled labor and materials. In addition, the market may face competition from low-cost MEP service providers in other regions.
Key Segmental and Regional Analysis
Based on service type, the RationalStat report identifies HVAC as the largest segment of the Middle East MEP market, accounting for the majority of the market share. This is due to the high demand for HVAC services in the region, driven by extreme temperatures and climate conditions. Regionally, the report identifies the United Arab Emirates (UAE) as the significant market for MEP services in the Middle East, driven by the growth of construction and infrastructure development projects in Dubai and Abu Dhabi. Other countries, such as Saudi Arabia and Qatar, are also expected to contribute significantly to the growth of the market.
Market Structure and Competitive Landscape
Some of the prominent players that contribute significantly to the Middle East mechanical, electrical, and plumbing market growth include Al-Futtaim Engineering, Arabtec Construction, Amana Contracting and Steel Buildings, BK Gulf LLC, Drake & Scull International, EMCOR Group, Khansaheb Sykes, Larsen & Toubro Limited¸ Shapoorji Pallonji Group, Voltas Limited, etc. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Partnerships and collaborations, and product launches are some of the strategies followed by industry players.
Key Market Segmentation
RationalStat has segmented the Middle East Mechanical, Electrical, and Plumbing (MEP) Market on the basis of service, type, end user, and region.
- By Service
- Mechanical Services
- Electrical Services
- Plumbing Services
- By Type
- Consulting & Engineering
- Maintenance & Support
- System Integration
- Audit & Inspection
- By End User
- By Region
- Rest of the Middle East
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RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
- Annual reports, company filings, investor presentations, product catalogs and company documents
- Industry and market-related documents available in the public domain
- Paid database including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for MEP Contractors, Building Owners and Developers, Architects and Designers, MEP Equipment Manufacturers and Suppliers, Investors and Financial Institutions, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption pattern, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.