According to the latest market research study by Technavio, the MEP services market in North America is expected to grow at a CAGR of close to 19% during the forecast period 2017 to 2021.
This report by Technavio offers an in-depth analysis of the MEP services market in North America regarding revenue and evolving market trends. The report also includes an up-to-date analysis and forecasts for various market sectors and all geographical regions.
Technavio research analysts sort the market based on the services
The top three revenue contributing services segments are discussed below:
MEP consulting and engineering services market in North America: The increasing number of projects for new infrastructure development will fuel the growth of the MEP consulting and engineering services in North America during the forecast period. The rising need to optimize energy consumption and ensure facilities are running in an optimized manner will lead to the higher demand for consulting services in existing buildings. The building owners are outsourcing these services contracts to various vendors to increase optimization in their building performance.
“The engineering services are offered development for projects that help design the electrical, mechanical and civil systems during the project planning phase to enhance the project deliverables. The rising awareness of energy efficiency and performance will boost the development of the market in North America. These vendors monitor the performance of the client building facilities and then performs an audit to determine the areas of improvement within the electro-mechanical or plumbing system,” says Bharath Kanniappan, a lead analyst at Technavio for research on automation.
MEP maintenance and support services market in North America: The rising requirement for predictive and corrective maintenance of electro-mechanical equipment will help the growth of this market segment in North America. These services are used for HVAC, chillers, and air handling units that require improvements through repair and refurbishment. Maintenance and support services include planned maintenance and live support services related to the electrical, mechanical and plumbing system installed in the facility.
MEP system integration services market in North America: System integration involves installation of better, enhanced, and efficient MEP system within the building facility. The systems integration service providers offer solutions that affect the operations and energy consumption of a building. These vendors also offer owners to get a closer look at their building performance, and thereby identify the areas of improvement. The service providers help with the integration of electrical equipment with control systems that allows the users to get real-time data related to the maintenance or criticality of the business equipment.
The top vendors operating in the MEP services market in North America are:
- EMCOR
- Global Facility Solutions
- Macro
- MEP engineering
- WSP | Parsons Brinckerhoff
The other prominent vendors in the market consist of Assurance Facility Management, Camelot Facilities Management Solutions, Caravan Facilities Management, Choice Facility Services & Construction, Continuum Services, Crockett Facilities Services, Dohn Engineering, Ecolab, Express Facility Services and Maintenance, GDI, Knight Facilities Management, Resolute Engineering, Royal Mechanical, Total Facility Solutions, and XS CAD.
A more detailed analysis is available in the Technavio report titled, ‘MEP Services Market in North America 2017-2021’. Technavio also customizes reports by other regions and detailed segments upon request.
Other related reports:
- MEP Services Market in the Middle East 2016-2020
- Facility Management Services Market in the Middle East 2016-2020
- Global Next-generation Building Energy Management Systems Market 2016-2020
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