DUBLIN–(BUSINESS WIRE)–The “MEP Services – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The report offers a comprehensive analysis of the MEP (Mechanical, Electrical, Plumbing) services market, examining sales trends and future projections for various geographic regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, and Rest of World.
The report provides insights into the recent past, current state, and future outlook for MEP services in terms of annual sales figures and percentage Compound Annual Growth Rate (CAGR) for the years 2022 through 2030.
The historical review covers the period from 2014 to 2021, and the 16-year perspective analyzes value sales percentage breakdowns for the years 2014, 2023, and 2030. Additionally, the report highlights key competitors and their market presence in different regions for the year 2023, providing a comprehensive understanding of market dynamics and trends.
Global MEP Services Market to Reach $999.1 Million by 2030
In the changed post COVID-19 business landscape, the global market for MEP Services estimated at US$657.2 Million in the year 2022, is projected to reach a revised size of US$999.1 Million by 2030, growing at a CAGR of 5.4% over the analysis period 2022-2030. Commercial, one of the segments analyzed in the report, is projected to record 6.2% CAGR and reach US$372.6 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Residential segment is readjusted to a revised 5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $197.6 Million, While China is Forecast to Grow at 5.1% CAGR
The MEP Services market in the U.S. is estimated at US$197.6 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$175.1 Million by the year 2030 trailing a CAGR of 5.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
What’s New for 2023?
A selection of companies mentioned in this report includes
For more information about this report visit https://www.researchandmarkets.com/r/vxx5em
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ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
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