The U.A.E. mechanical, electrical, and plumbing (MEP) services market generated a revenue of $3,025.9 million in 2020, and it is predicted to attain a value of $12,946.9 million by 2030. According to the estimates of P&S Intelligence, a market research firm based in India, the market will advance at a CAGR of 15.7% between 2021 and 2030. The market is being driven by the booming hospitality industry and the increasing construction activities in the country.
Apart from the above-mentioned factor, the launch of extensive construction and infrastructural development projects such as the Route 2020 project, which is aimed at extending the Dubai metro red line, the phase 3 of Etihad Rail for exporting granulated sulphur, Ruwais Port, and the metro railway expansion projects, is also supporting the growth of the U.A.E. MEP services market. Depending on type, the market is classified into plumbing, electrical, and mechanical services.
Out of these, the electric services category is predicted to demonstrate the highest growth rate in the market in the coming years. This is credited to the existence of numerous uninterruptable power supply (UPS) systems, security systems, lights and related control systems, and building management systems in large premises. Moreover, as all building services depend on power supply, which serves as a base for other functions, its servicing is extremely necessary.
When end user is taken into consideration, the U.A.E MEP services market is categorized into residential, commercial, retail, industrial, healthcare, government, and hospitality. Out of these, the commercial category contributed the highest revenue to the market in 2020. This was due to the existence of several commercial buildings in the country. Moreover, regular MEP maintenance is very beneficial for buildings as it ensures the prevention of various hazards and keeps the occupants safe.
Hence, it is quite clear that the market will register huge expansion in the years to come, primarily because of the booming hospitality and travel and tourism industries and the launch of extensive infrastructural development and construction projects all over the country.
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