MEP services market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Jan. 6, 2023 /PRNewswire/ -- According to Technavio, the global MEP services market size is estimated to grow by USD 80.54 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 11.5% during the forecast period. North America will account for 47% of the market's growth during the forecast period.

For more Insights on market size Request a sample report

Global MEP services market - Five forces
The global MEP services market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Global MEP services market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global MEP services market - Segmentation assessment

Segment overview
Technavio has segmented the market based on service (consulting and engineering, maintenance and support, and system integration), end-user (commercial, government, and residential), and geography (North America, APAC, Europe, South America, and Middle East and Africa). 

• The market share growth of the consulting and engineering service segment will be higher than the other segments during the forecast period. Due to the rate of new infrastructure construction around the world, MEP consulting and engineering services are expected to experience stable growth during the forecast period.

Geography overview
By geography, the global MEP services market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global MEP services market.

• North America will account for 47% of the market's growth during the forecast period. The North American market for services is predicted to grow due to the risk reduction achieved through outsourcing activities. Currently, various business divisions are focusing on optimizing earnings from core activities by outsourcing related processes to third-party providers. Moreover, the tendency of MEP infrastructure and real estate growth in North America will enhance the frequency of outsourcing support procedures to MEP vendors. These MEP providers handle the duty of MEP services and any associated risks, allowing end-users to focus more on their core business operations. As a result, the North American MEP services market is likely to increase at a moderate rate during the forecast period.

Download a Sample Report

Global MEP services market– Market dynamics

Key factor driving market growth

• Risk minimization through outsourcing is notably driving the market growth.
• Outsourcing allows end users to concentrate more on their core strengths while suppliers take care of MEP services and any associated risks.
• Effective training of the workers in the service of the lawmakers is required for the internal maintenance of the facilities. This in turn raises building owners' liability and the dangers that could arise from relocating qualified people. Throughout the forecast period, these factors are expected to fuel market expansion.

Leading trends influencing the market 

• Evolving nature of service contracts is an emerging trend in the market
• The goal of MEP service contracts is to establish a long-term partnership between service providers and end users. We can anticipate a change in the trend from medium-term contracts to long-term contracts as the global MEP services market enters a phase of sustained expansion and the industry becomes more solution-oriented in nature.
• Furthermore, the economic and regulatory norms and technology advancements in building management systems will further boost market growth during the forecast period.

Major challenges hindering the market growth

• Limited differentiation in services is a major challenge impeding the market growth.
• Due to the lack of differentiation in services, local and regional suppliers are more competitive than global players in the MEP market.
• Customers have more negotiating power since the services provided by many reputable businesses have very slight variations in quality and performance that are challenging to assess. Providers must differentiate their service offerings since technical advancement in these areas is slower.
• Vendors are attempting to broaden the scope of their service offerings in order to differentiate themselves by adding a level of personalization for particular end users. The existing suppliers, however, will see intense rivalry during the projected period because the offerings are basically similar.

Driver, Trend & Challenges are the factor of market dynamics that states about
consequences & sustainability of the businesses, find some insights from a sample
report!

What are the key data covered in this MEP services market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the MEP services market between 2023 and 2027
• Precise estimation of the size of the MEP services market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the MEP services market across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of MEP services market vendors

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports:

Senior Living Market by Age Group, Service, and Geography - Forecast and Analysis 2023-2027: The senior living market is estimated to grow at a CAGR of 5.65% between 2022 and 2027. The size of the market is forecast to increase by USD 91.37 billion. The aging baby boomer population is notably driving the market growth, although factors such as the low life savings of baby boomers may impede the market growth.

MRO Market for Automation Solutions Market by End-user, Type and Geography - Forecast and Analysis 2023-2027: The MRO market for automation solutions market is estimated to grow at a CAGR of 10.16% between 2022 and 2027. The size of the market is forecast to increase by USD 54,089.21 million. The growth in outsourcing of operations is notably driving the market growth, although factors such as the US-China trade war may impede the market growth.

Browse for Technavio "Industrials" Research Reports

Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global MEP services market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global MEP services market 2017 - 2021 ($ billion)

• 4.2 Service Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Service Segment 2017 - 2021 ($ billion)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Service

• 6.1 Market segments 
• Exhibit 30: Chart on Service - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Service - Market share 2022-2027 (%)

• 6.2 Comparison by Service 
• Exhibit 32: Chart on Comparison by Service
• Exhibit 33: Data Table on Comparison by Service

• 6.3 Consulting and engineering - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Consulting and engineering - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Consulting and engineering - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Consulting and engineering - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Consulting and engineering - Year-over-year growth 2022-2027 (%)

• 6.4 Maintenance and support - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Maintenance and support - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Maintenance and support - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Maintenance and support - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Maintenance and support - Year-over-year growth 2022-2027 (%)

• 6.5 System integration - Market size and forecast 2022-2027
• Exhibit 42: Chart on System integration - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on System integration - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on System integration - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on System integration - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Service 
• Exhibit 46: Market opportunity by Service ($ billion)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 47: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 49: Chart on Comparison by End-user
• Exhibit 50: Data Table on Comparison by End-user

• 7.3 Commercial - Market size and forecast 2022-2027
• Exhibit 51: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 7.4 Government - Market size and forecast 2022-2027
• Exhibit 55: Chart on Government - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Government - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Government - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Government - Year-over-year growth 2022-2027 (%)

• 7.5 Residential - Market size and forecast 2022-2027
• Exhibit 59: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by End-user 
• Exhibit 63: Market opportunity by End-user ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 South Korea - Market size and forecast 2022-2027
• Exhibit 101: Chart on South Korea - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on South Korea - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Camelot Facility and Property Management
• Exhibit 116: Camelot Facility and Property Management - Overview
• Exhibit 117: Camelot Facility and Property Management - Product / Service
• Exhibit 118: Camelot Facility and Property Management - Key offerings

• 12.4 Caravan Facilities Management LLC 
• Exhibit 119: Caravan Facilities Management LLC - Overview
• Exhibit 120: Caravan Facilities Management LLC - Product / Service
• Exhibit 121: Caravan Facilities Management LLC - Key offerings

• 12.5 Choice Maintenace 
• Exhibit 122: Choice Maintenace - Overview
• Exhibit 123: Choice Maintenace - Product / Service
• Exhibit 124: Choice Maintenace - Key offerings

• 12.6 Continuum Services 
• Exhibit 125: Continuum Services - Overview
• Exhibit 126: Continuum Services - Product / Service
• Exhibit 127: Continuum Services - Key offerings

• 12.7 Crockett Facilities Services Inc. 
• Exhibit 128: Crockett Facilities Services Inc. - Overview
• Exhibit 129: Crockett Facilities Services Inc. - Product / Service
• Exhibit 130: Crockett Facilities Services Inc. - Key offerings

• 12.8 Dohn Engineering PLC 
• Exhibit 131: Dohn Engineering PLC - Overview
• Exhibit 132: Dohn Engineering PLC - Product / Service
• Exhibit 133: Dohn Engineering PLC - Key offerings

• 12.9 Ecolab Inc. 
• Exhibit 134: Ecolab Inc. - Overview
• Exhibit 135: Ecolab Inc. - Business segments
• Exhibit 136: Ecolab Inc. - Key news
• Exhibit 137: Ecolab Inc. - Key offerings
• Exhibit 138: Ecolab Inc. - Segment focus

• 12.10 EMCOR Group Inc. 
• Exhibit 139: EMCOR Group Inc. - Overview
• Exhibit 140: EMCOR Group Inc. - Business segments
• Exhibit 141: EMCOR Group Inc. - Key offerings
• Exhibit 142: EMCOR Group Inc. - Segment focus

• 12.11 GDI Integrated Facility Services 
• Exhibit 143: GDI Integrated Facility Services - Overview
• Exhibit 144: GDI Integrated Facility Services - Product / Service
• Exhibit 145: GDI Integrated Facility Services - Key offerings

• 12.12 Global Facility Solutions LLC 
• Exhibit 146: Global Facility Solutions LLC - Overview
• Exhibit 147: Global Facility Solutions LLC - Product / Service
• Exhibit 148: Global Facility Solutions LLC - Key offerings

• 12.13 Knight FM 
• Exhibit 149: Knight FM - Overview
• Exhibit 150: Knight FM - Product / Service
• Exhibit 151: Knight FM - Key offerings

• 12.14 M and W Group GmbH 
• Exhibit 152: M and W Group GmbH - Overview
• Exhibit 153: M and W Group GmbH - Business segments
• Exhibit 154: M and W Group GmbH - Key offerings
• Exhibit 155: M and W Group GmbH - Segment focus

• 12.15 MEP Engineering Inc. 
• Exhibit 156: MEP Engineering Inc. - Overview
• Exhibit 157: MEP Engineering Inc. - Product / Service
• Exhibit 158: MEP Engineering Inc. - Key offerings

• 12.16 Resolute Engineering 
• Exhibit 159: Resolute Engineering - Overview
• Exhibit 160: Resolute Engineering - Product / Service
• Exhibit 161: Resolute Engineering - Key offerings

• 12.17 WSP Global Inc. 
• Exhibit 162: WSP Global Inc. - Overview
• Exhibit 163: WSP Global Inc. - Business segments
• Exhibit 164: WSP Global Inc. - Key news
• Exhibit 165: WSP Global Inc. - Key offerings
• Exhibit 166: WSP Global Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 167: Inclusions checklist
• Exhibit 168: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 169: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 170: Research methodology
• Exhibit 171: Validation techniques employed for market sizing
• Exhibit 172: Information sources

• 13.5 List of abbreviations 
• Exhibit 173: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED