The Mechanical Electrical And Plumbing Services Market in India is being driven by Rising renewable energy integration
The Mechanical Electrical And Plumbing Services Market in India is expected to grow at a CAGR of 25.79% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 5272.8 million. In the Indian construction industry, Building Information Modeling (BIM) is revolutionizing Mechanical, Electrical, and Plumbing (MEP) services by facilitating collaborative design and planning among stakeholders. By utilizing a single, centralized digital model, MEP engineers, architects, contractors, and owners can effectively coordinate and reduce conflicts, errors, and rework. BIM enables accurate quantity take-offs for MEP components, ensuring precise cost estimation and budgeting. Furthermore, BIM software identifies potential clashes between MEP systems and other building components during the design phase, preventing costly changes and delays during construction. This advanced technology enhances overall project efficiency and productivity within the MEP services market in India.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on End-user (Commercial, Government, Residential) Service (Consulting and engineering, Maintenance and support, System integration) Geography (APAC).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Mechanical Electrical And Plumbing Services Market in India Research Report
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The Mechanical, Electrical, and Plumbing (MEP) services market in India is witnessing significant growth due to the increasing adoption of green building practices and sustainable MEP systems. With a focus on reducing environmental impact, there is a growing demand for energy-efficient MEP systems in various sectors such as educational institutions, healthcare facilities, transportation hubs, residential complexes, and commercial complexes. Green building practices are becoming increasingly important in construction activities, with a focus on indoor air quality, energy efficiency, and environmental standards. Sustainable MEP systems, including sewage systems, drainage, water supply, communication systems, lighting, power distribution, fire protection, elevators, plumbing, electrical, mechanical, and gas pipelines, are key components of green buildings. Major infrastructure projects such as the Port of Ruwais and Etihad Rail are driving the demand for advanced MEP design and implementation. The Indian government's push towards energy conservation and sustainable development is further fueling the growth of the MEP services market. The market is expected to continue its upward trajectory, driven by increasing awareness and regulations, and the need for efficient and sustainable MEP systems.
The Mechanical, Electrical, and Plumbing (MEP) services market in India is a significant segment of the global construction and engineering industry. This market caters to non-residential construction projects, encompassing engineering service providers and Engineering, Procurement, and Construction (EPC) contractors. The market's size is determined by the consolidated revenue generated by these entities within the non-residential sector. Factors driving growth in the global construction and engineering market include the escalating demand for urban infrastructure development. With expanding populations and rising requirements for transportation, communication services, and essential utilities like water and electricity, there is a pressing need for MEP services to address the infrastructure needs of major cities worldwide.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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