Mechanical, engineering, and plumbing (MEP) services hold critical importance in ensuring that building facilities are operating in an efficient manner with the optimum use of energy. To achieve better results, building owners are increasingly entering long-term contracts with third party specialized vendors. Outsourcing of MEP services to specialized vendors helps in reducing the operational cost, optimizing the energy consumption, and improving the productivity of facilities.
Technavio’s analysts forecast the MEP services market in North America to grow at a CAGR of 18.95% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the MEP services market in North America for 2017-2021. To calculate the market size, the report presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: - Canada - Mexico - US
Technavio's report, MEP Services Market In North America 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Market driver - Maximizing profits in facility operations - For a full, detailed list, view our report
Market challenge - Growth of integrated facilities management (IFM) services - For a full, detailed list, view our report
Market trend - Technology advancements in building management systems - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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