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Mechanical Electrical and Plumbing Support System Market Size - By Application (Commercial Offices, Hotels, Malls, Hospitals, Sports & Entertainment Complexes, Government Facilities, Airport, Education Buildings), Type, Regional Outlook & Forecast, 2024– 2032


Published on: 2024-07-30 | No of Pages : 240 | Industry : Industrial-Machinery

Publisher : MIR | Format : PDF&Excel

Mechanical Electrical and Plumbing Support System Market Size - By Application (Commercial Offices, Hotels, Malls, Hospitals, Sports & Entertainment Complexes, Government Facilities, Airport, Education Buildings), Type, Regional Outlook & Forecast, 2024– 2032

Mechanical Electrical and Plumbing Support System Market Size

Mechanical Electrical and Plumbing Support System Market size was valued at USD 43.3 billion in 2023 and is estimated to expand at 6.5% CAGR from 2024 to 2032. The major factor attributed to drive the market is the rising demand for energy-efficient prefabricated systems in construction, rising innovations in mechanical electrical and plumbing support system technologies, and compliance with building codes.

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The mechanical electrical & plumbing system market plays a vital role in the construction and maintenance of buildings and infrastructure. The market encompasses a wide range of services that are crucial for the functioning and sustainability of these facilities.

Mechanical Electrical & Plumbing Support System Market Report Attributes
Report Attribute Details
Base Year 2023
Mechanical Electrical & Plumbing Support System Market Size in 2023 USD 43.3 Billion
Forecast Period 2024 to 2032
Forecast Period 2024 to 2032 CAGR 6.5%
2032 Value Projection USD 75.9 Billion
Historical Data for 2018 to 2032
No. of Pages 404
Tables, Charts & Figures 224
Segments covered Type, and Application
Growth Drivers
  • Rising demand for energy-efficient prefabricated systems in construction
  • Rising innovations in Mechanical electrical and plumbing support system technologies
  • Compliance with building codes driving market growth mechanical electrical and plumbing support system in commercial constructions
Pitfalls & Challenges
  • Skilled labour shortage
  • Integration challenges and system compatibility

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Mechanical Electrical and Plumbing Support System Market Trends

The mechanical electrical plumbing support system plays a vital role in the construction and maintenance of buildings and infrastructure. The market encompasses a wide range of services that are crucial for the functioning and sustainability of these facilities. These services include design, installation, maintenance, and repair of mechanical systems, such as Heating, Ventilation, and Air Conditioning (HVAC), electrical systems, and plumbing systems. The market is influenced by urbanization, technological advancements, sustainability initiatives, and regulatory changes.

The increasing awareness of environmental issues and energy efficiency has propelled the demand for sustainable mechanical electrical plumbing (MEP) solutions. Businesses and consumers are seeking energy-efficient HVAC systems, smart electrical controls, and eco-friendly plumbing systems, leading to a surge in green building projects. The integration of digital technologies, Building Information Modeling (BIM), and the Internet of Things (IoT) into MEP systems is enhancing efficiency and maintenance. Predictive maintenance, real-time monitoring, and data analytics are becoming integral to the industry. Off-site fabrication and modular construction techniques are gaining popularity in the MEP system market, reducing construction time and costs while maintaining high quality and safety standards.

 Mechanical Electrical and Plumbing Support System Market Analysis

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The mechanical electrical plumbing support system industry relies heavily on hardware innovations to deliver environment-friendly solutions. The demand for energy-efficient HVAC systems is growing significantly. Manufacturers are developing advanced HVAC equipment with improved insulation, variable-speed technology, and eco-friendly refrigerants to meet sustainability and energy efficiency requirements. The electrical sector is experiencing a significant shift toward renewable energy sources such as solar panels and wind turbines. Electrical systems are being designed to accommodate the generation and storage of clean energy.

This electrical segment dominated around USD 12.5 billion revenue in 2023. In the Water conservation is a rising concern, leading to the development of water-efficient plumbing fixtures including low-flow toilets, sensor-activated faucets, and high-efficiency showerheads, which will enhance the business demand.    IoT technology is making its way into plumbing systems with smart leak detection and water monitoring devices. These systems prevent water wastage and reduce the risks of water damage. Advanced water treatment technologies and filtration systems are becoming essential in ensuring a safe & clean water supply within buildings.

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Prefabrication allows for faster installation times, reduced labor costs, and improved quality control compared to traditional on-site construction methods. The increasing demand for sustainable construction is expected to drive the demand for prefabricated MEP supports made from recycled materials. The hardware segment is a crucial component of the prefabricated mechanical electrical and plumbing support market, responsible for providing structural support and stability to the installed MEP systems. The hardware segment accounted for 55% of the mechanical electrical & plumbing system market share in 2023 in terms of value.

Non-prefabrication applications are prevalent in retrofit and renovation projects where existing MEP systems need to be upgraded or replaced. This trend is fuelled by the need to improve energy efficiency and meet the changing regulatory requirements in older buildings. Many projects, particularly those in unique or historic buildings, require non-prefabricated, customized MEP solutions that cannot be easily standardized or preassembled. Ongoing repairs and maintenance work on existing MEP systems remains a significant non-prefabrication application. Service providers play a vital role in ensuring the efficient operation of these systems.

The mechanical electrical plumbing support system market is experiencing significant shifts in its application trends owing to the adoption of prefabrication and non-prefabrication methods. Prefabrication in the MEP sector involves the manufacturing of components and systems off-site in a controlled environment. This trend is gaining traction as it offers higher quality control, reduced construction timelines, and increased cost-efficiency. Prefabrication segment held over 58% of the MEP system market share in 2022. Modular construction methods, including pre-assembled MEP systems, are becoming more common. These modular units are constructed off-site and installed on-site, reducing on-site labour requirements and project duration.

Non-prefabrication applications are prevalent in retrofit and renovation projects where existing MEP systems need to be upgraded or replaced. This trend is fuelled by the need to improve energy efficiency and meet the changing regulatory requirements in older buildings. Many projects, particularly those in unique or historic buildings, require non-prefabricated, customized MEP solutions that cannot be easily standardized or preassembled. Ongoing repairs and maintenance work on existing MEP systems remains a significant non-prefabrication application. Service providers play a vital role in ensuring the efficient operation of these systems.

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North America strongly emphasizes sustainability and green building practices. The demand for energy-efficient HVAC systems, renewable energy integration, and eco-friendly plumbing systems is driving the mechanical electrical plumbing support market growth. North America mechanical electrical and plumbing support market to grow at a CAGR of 5.8% and likely to generate revenue of over USD 9.3 billion in 2023.

European countries have stringent energy efficiency standards, augmenting the adoption of sustainable MEP systems. The region is also at the forefront of district heating & cooling systems, thereby promoting energy conservation. Europe is witnessing a rise in prefabrication and modular construction practices to reduce construction time and costs while ensuring high-quality MEP installations. The Asia Pacific region is experiencing rapid urbanization, leading to increased construction activities and a high demand for MEP services. Infrastructure development, especially in emerging economies including China, India, and Japan, is a significant factor for market growth.

Mechanical Electrical and Plumbing Support System Market Share

The market is a fragmented industry with prominent players operating in the market such as Mason Industries, Eaton Corporation, Atkore International, Legrand Group, Hilti, among others. These companies contributing about 25% of the overall market in 2023. To meet the growing consumer demand, key players are adopting strategic steps such as mergers, acquisitions, partnerships, and collaboration in order to consolidate their position in the MEP system market. In addition, key players are also constantly innovating their products to improve their performance, efficiency, and reliability.

Providing industry-specific products should help companies in stimulate their mechanical electrical plumbing support system market share. Also, they are engaging in long-term contracts with raw material suppliers and distributors to avoid situations such as the unavailability of raw materials and high supplier bargaining power. Such strategic alliances also help in strengthening their supply chain enabling timely delivery of their products and nourishing their brand equity. To surpass emerging competition from new entrants, existing companies are extending their product line making their product portfolio more diverse.

Mechanical Electrical and Plumbing Support System Market Companies

Major companies operating in the mechanical electrical and plumbing support industry include

  • Atkore International
  • Eaton Corporation
  • Hilti
  • Legrand Group
  • Mason Industries

Mechanical Electrical and Plumbing Support System Industry News

  • In September 2023, Eaton Corporation has invested more than $500 million in North American manufacturing to support electrification, energy transition and digitalization across industries.
  • In July 2023, The Hilti Group is taking the next strategic step to further expand its software business and plans to acquire 4PS Group, which specializes in providing business management (ERP) solutions for the construction industry.

The MEP system market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Million Units from 2018 to 2032, for the following segments

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 Market, By Type, (USD Million; Million Units)

 

  • Prefabrication
    • Hardware
      • Mechanical Support
        • Hangers & support
        • Anchors
        • Risers and Bases
        • Mounting Hardware
        • Spring Isolators & Vibration Control
        • Suspension
        • Clamps
      • Electrical Support
        • Cable Trays
        • Cable Ladders
        • Electrical Boxes
        • Electrical Enclosures
        • Cable clamps
        • Conduit Hangers
        • Cable Glands and Connectors
        • Mounting Brackets and Supports
      • Plumbing Support
        • Piping Channel system
        • Pipe Hangers and Supports
        • Pipe Clamps and Straps
        • Pipe Insulation
        • Pipe Saddles and Shields
        • Pipe Rings
        • Pipe Riser Clamps
        • Pipe Expansion Joints
    • Software
    • Services 
  • Non-Prefabrication
    • Hardware
      • Mechanical Support
        • Hangers & support
        • Anchors
        • Risers and Bases
        • Mounting Hardware
        • Spring Isolators & Vibration Control
        • Suspension
        • Clamps
      • Electrical Support
        • Cable Trays
        • Cable Ladders
        • Electrical Boxes
        • Electrical Enclosures
        • Cable clamps
        • Conduit Hangers
        • Cable Glands and Connectors
        • Mounting Brackets and Supports
      • Plumbing Support
        • Piping Channel system
        • Pipe Hangers and Supports
        • Pipe Clamps and Straps
        • Pipe Insulation
        • Pipe Saddles and Shields
        • Pipe Rings
        • Pipe Riser Clamps
        • Pipe Expansion Joints
    • Software
    • Services

Market, By Application

  • Prefabrication
    • Residential
    • Commercial Offices
    • Hotels
    • Malls
    • Hospital
    • Sports and Entertainment Complexes
    • Government Facilities
    • Airports
    • Educational Building
    • Others 
  • Non-Prefabrication
    • Residential
    • Commercial Offices
    • Hotels
    • Malls
    • Hospital
    • Sports and Entertainment Complexes
    • Government Facilities
    • Airports
    • Educational Building
    • Others

The above information has been provided for the following regions and countries

Region & Countries

  • North America
    • US
    • Canada
  • Latin America
    • Mexico
    • South America
  • Europe
    • Western Europe
      • France
      • Spain
    • Northern Europe
      • UK
      • Denmark
      • Norway
    • Central Europe
      • Germany
      • Poland
      • Netherlands
    • Southern Europe
      • Italy
    • Eastern Europe
      • Russia
      • Czech Republic
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Australia
    • Malaysia
    • Indonesia
  • Middle East & Africa
    • KSA
    • Turkey
       

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )