By 2032, the GCC Mechanical, Electrical, and Plumbing (MEP) Services Market is expected to reach USD XX million, growing at a compound annual growth rate of X%.
MEP services in Saudi Arabia, Kuwait, and U.A.E. are being adopted by a growing number of commercial properties, retail stores, hospitals, hotels, and residential properties because they are easy to maintain. Additionally, HVAC maintenance service providers are increasingly offering these services to end users in order to maintain a steady revenue flow, since on-demand is uncertain, while AMCs allow workers to schedule their work according to their schedules. Also, it helps the end user prevent equipment failures.
Middle East construction output is now recovering in Saudi Arabia, the top performing market.
Saudi Arabia construction market, is projected to grow by 5.2% over the next five years. The pandemic has disrupted global supply chains, resulting in a shortage of raw materials, contractors, and workers in the construction industry. Effective collaboration across supply chains is necessary in order to overcome this obstacle. National infrastructure and construction capabilities will have to be developed by each individual country. It may be necessary for governments to support new economic opportunities created by partnerships between international companies and major local MEP services companies. Companies must include public affairs efforts in their communications strategies.
Mechanical, Electrical, and Plumbing Services in GCC countries have grown steadily due to the steady growth of the HVAC market in Qatar.
The HVAC maintenance market in Qatar is experiencing a boom in AMC services. Typically, a package solution like this is offered by the company who installs HVAC equipment on the premises. As this service has seen high growth over the past five years, it is expected to also offer lucrative opportunities for the Qatar Mechanical, Electrical, and Plumbing Services Market in the coming years.
The growing hospitality industry and upcoming infrastructure projects are driving the Mechanical, Electrical, and Plumbing (MEP) Services Market growth in Kuwait.
The government is taking steps to boost the tourism industry, such as encouraging private investment, expanding airport capacity, building new attractions, and increasing international promotion campaigns, which are benefiting the hospitality sector. Tourism in Kuwait contributed 3.3% of Kuwaits GDP in 2020, and leisure travel expenditure reached $2,661.7 million. Additionally, the countrys international tourism expenditure in 2020 was $393.5 million. Building of hospitality units has pushed the market for Mechanical, Electrical, and Plumbing (MEP) services in Kuwait due to these factors.
Report Attribute |
Details |
Historical Years |
2018-2021 |
Forecast Years |
2022-2032 |
Base Year (2021) Market Size |
$XX Million |
Market Size Forecast in 2032 |
$XX Million |
Forecast Period CAGR |
X% |
Report Coverage |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19;Companies’ Strategic Developments; List of Mega Projects; Major Contracts Won by Key Players; End User Capacity & Workforce Analysis; Company Profiling
|
Market Size by Segments |
By Service Type, By End User |
"Qatar is experiencing unprecedented growth in the hospitality sector year over year as the nation ramps up for Vision 2030 and the FIFA World Cup 2022. Qatar has 106 hotels and 62 proposed hotels, including 4-star, 5-star, and 7-star hotels, with 13,733 guestrooms were completed by 2020. Around 16 malls were completed in 2021 in the country, which boosted the demand for MEP services in the hospitality sector in recent years."
Automation of homes is expected to be the fastest-growing industry in U.A.E.
The home automation category in the application segment is expected to grow at the fastest rate during the forecast period. People in the country have a high disposable income, and they prefer a luxurious lifestyle. The home automation system also interacts with various systems, such as lighting, audio systems, and air conditioners. People can operate lights, TVs, speakers, and air conditioners via voice commands, making life more convenient. Consequently, as home automation systems are increasingly adopted, so is the need for repairs and maintenance. Hence, the U.A.E MEP Services market is expected to register a significant growth during the forecast period.
Outsourcing projects in order to complete them on time and secure fixed costs will allow for strong growth of the MEP services in GCC countries
A reduction of risk through outsourcing of business operations to MEP services market participants is expected to drive the growth of the market. End users can focus on their core activities for the construction development while these vendors handle the mechanical, electrical, and plumbing tasks. This technology greatly reduces the end-user problems associated with training, maintaining, and retaining skilled workers. A prominent growth factor for the industry is the expertise of these businesses in completing projects within the stipulated time and cost.
The use of 3D modelling and virtual project planning to reduce project costs has gained considerably in recent years
At the beginning of the MEP projects, the design layouts help significantly in managing the related cost. Nevertheless, these 3D modelling and virtual project planning aid the participants in gaining better approximations and exploring design flaws. Additionally, the related costs associated with the prototyping, layout designs, and time required are greatly reduced. As a result, virtual project planning has gained significant traction in the MEP services industry, and is expected to be one of the key trends that will benefit its participants.
Global Mechanical, Electrical, and Plumbing (MEP) Services Market: Key Developments
There are a number of players in the GCC MEP services market, including EMCOR Group Inc., Khidmah LLC, Interserve plc, Musanadah Facilities Management Co. Ltd., Engie Cofely, Kharafi National for Infrastructure Projects Developments Construction and Services S.A.E., United Facilities Management, Emrill Services LLC, Imdaad LLC, and Farnek Services LLC.
• Kuwaits MEP Services industry has many players, which has increased competition. In recent years, numerous strategic developments have been implemented to achieve a significant position in the market.
• Water mist fire suppression systems are manufactured by Johnson Controls AquaMist, a subsidiary of Al Mullah Group Holding Company K.S.C.C. Due to this agreement, AME now offers a water-based fire suppression system using water mist technique, making it the only company in Kuwait to offer this technology.
Years considered for this report
• Historical Years: Available on Request
• Base Year: 2021
• Forecast Period: 2022-2032
GCC MEP Services Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue (2022 – 2032)
• Data breakdown for every market segment (2022 – 2032)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Service Type Analysis (Revenue, USD Million, 2022 - 2032)
• Electrical
• HV / MV /LV Substations
• UPS Systems
• Lighting Design and Control
• Building Management Systems
• Telephone
• Data and IT Systems
• Security Systems
• Audio Visual Systems
• Home Automation
• Mechanical
• HVAC
• Fire Protection and Suppression
• Sewage Treatment Plants
• Water Treatment Plants
• Irrigation Systems
• District Cooling
• Plumbing
End-User Analysis (Revenue, USD Million, 2022 - 2032)
• Residential
• Retail
• Commercial
• Industrial
• Government
• Healthcare
• Hospitality
By Country (Revenue, USD Million, 2022 - 2032):
• Saudi Arabia
• Kuwait
• UAE
• Qatar
• Oman
• Bahrain
GCC MEP Services Market Companies:
• EFECO LLC
• Anel Group
• China State Construction Engineering Corporation Middle East
• SEMCO - Al Sabbah Electro-Mechanical
• Albonian International
• Plafond
• Emitech
• GECO Mechanical & Electrical Company
• Smart Mep Solution
• Fawaz Trading & Engineering Services
• Future Metro LLC
• Al Qabdah Global Building Contracting
• Elemec Electro Mechanical Contracting Company LLC
• Madeena Alfunoon Electromechanical LLC
• Magna MEP
Available Versions of The Gulf Cooperation Council (GCC) Mechanical, Electrical, and Plumbing (MEP) Services Market: -
Kuwait Mechanical, Electrical, and Plumbing (MEP) Services Market Research Report
Qatar Mechanical, Electrical, and Plumbing (MEP) Services Market Research Report
Kingdom of Saudi Arabia (KSA) Mechanical, Electrical, and Plumbing (MEP) Services Market Research Report
United Arab Emirates (U.A.E) Mechanical, Electrical, and Plumbing (MEP) Services Market Research Report
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