MEP Finds its Flow

The MEP (mechanical, engineering, and plumbing) services market in North America, due to its high market maturity and end-user awareness, will exhibit stable growth during the next few years.

In fact, the MEP services market in North America is expected to reach $46.5 billion by 2021, growing at a CAGR (compound annual growth rate) of 19%. One emerging trend is the fact FM (facility management) services involving electrical, mechanical, and water management involve technical skill and expertise, which facilitates the growth of MEP services during the forecast period.

Infrastructural investments in the North America region have additionally contributed toward the growth of the commercial sector, and the demand for managing various aspects of a commercial building has surfaced.

North American countries consist of several office buildings, business parks, and corporate office headquarters, which require specialized services for operating and maintaining the electromechanical and civil systems.

Government buildings in North America, as compared to other government bodies of other geographies, are highly open to outsourcing their facility services to specialized vendors. The growth of government-owned and operated buildings such as airports, rail stations, and harbors will necessitate growing need for efficiency in carrying out the electro-mechanical and civil works.

The MEP services industry will continue to grow, as service, maintenance, repair, and upgrades are discovered and will need to be addressed.

Posted: 5/17/2017 1:26:11 AM



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