Mechanical, Electrical and Plumbing Services Market Intelligence

best-value

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

feature

 No Additional Benefits

Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

feature

*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Mechanical, Electrical and Plumbing Services category?

Are you looking for answers on Mechanical, Electrical and Plumbing Services category?

  • What are the key trends in Mechanical, Electrical and Plumbing Services category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Mechanical, Electrical and Plumbing Services industry?
  • How is Mechanical, Electrical and Plumbing Services industry performing?

Over 50,000+ users trust Beroe

Report Coverage

  • Global Market Analysis
  • Drivers and Constraints
  • Technology Trends
  • Sourcing Models

Production Size

Global Production Size/ Capacity

$1,133 BILLION

North America

$186 billion

LATAM

$72 billion

Europe

$268 billion

Table of Contents

  1. Executive Summary
  2. Executive Summary
  3. COVID-19 Impact
  1. Global Market Analysis
  2. Global MEP Market Outlook
  3. Drivers and Constraints
  4. Technology Trends
  5. Role of MEP Company in Improving
  6. Sustainable Design
  1. Regional Market Analysis
  2. North America
  3. Europe
  4. LATAM
  5. APAC
  1. Procurement Best Practices
  2. Sourcing Models
  3. Pricing Models
  4. Contract Models
  5. Procurement Best Practices: Case Studies

Want a more detailed personalised report?

Electrical Mechanical and Plumbing Services Global Market Outlook:

MARKET OVERVIEW (2020E)
GLOBAL MARKET SIZE: $1,133 BILLION

Porter's Analysis on Electrical Mechanical and Plumbing Services

Supplier Power

  • The MEP services market is highly competitive with large global firms and regional medium and small scalefirms.
  • Supplier power remains low to medium, based on the current economic conditions that are prevailing across the globe.
  • Currently, the market is struggling to recover from COVID crisis hence, the suppliers/contractors are highly competitive in bidding the tenders from the  buyers.
  • Over the next few years, the supplier power in the industry may gradually increase due to the inflow of various capital projects from both the public and private sectors from both the public and private sectors

Barriers to New Entrants

  • Barrier to entry remains high, due to:
    – High upfront capital required
    – Requirement of skilled workforce in a tight labor market
  • As the engineering and construction market is consolidated, new entrants from other geographical locations via possible mergers and acquisitions, which is less in the sub -sector
  • Building codes and regulations are highly complex, which has further raised the barrier

Intensity of Rivalry

  • The MEP service are a highly competitive market with several players, offering services
  • The market is highly dominated by top regional and global, who has high expertise in the engineering sector.
  • Leveraging the use of technology to provide better quality for the buyers and develop partnerships, to improve backlog period intensifies competition

Threat of Substitutes

  • MEP’s are one of the major essentials in construction industry and hence there is no substitutes for their role.
  • The only alternative position for buyers is to manage the MEP requirements internally, if they have any large investment plans for the near future.

Buyer Power

  • Buyer power typically depends on the level of investment by the buyers.
  • The evolving nature of service contracts such as the long-term relationship between the suppliers and buyers or combining multiple projects in a region would increase the buyer power.
  • There are capable regional/local medium to small scale MEP companies in the market and increasing the competition between incumbents suppliers to retain current contract at respective locations will give higher buyer power to small buyers.

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

feature

Complimentary 12-month access to Beroe LiVE

Any more questions?

Get in touch with us quickly and easily.

x

COVID-19: Assess impact on your suppliers and ensure business continuity with Beroe’s WIRE
(World Instant Risk Exposure)