PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1422679
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1422679
Mechanical Electrical and Plumbing Support System Market size is projected to expand at 6.5% CAGR from 2024 to 2032 attributed to the increasing focus on smart buildings.
With the global construction sector embracing smart technologies for energy efficiency and automation, the demand for advanced mechanical electrical and plumbing (MEP) support systems is substantially surging. These systems are essential in integrating and supporting the sophisticated infrastructure required for smart buildings. Rising innovations in cable management, sensor integration, and automation-compatible support solutions are also helping in catering to the specific needs of intelligent and connected buildings.
Furthermore, several industry participants are focusing on the development of design and simulation software to streamline MEP system planning and implementation for enhancing efficiency and accuracy, augmenting the industry outlook. To cite an instance, in May 2023, Hexagon collaborated with EDV, a leading provider of MEP design and analysis software solutions, to strengthen its presence in building information modeling (BIM) by offering a sophisticated tool for industrial process design.
The industry is segmented into type, application, and region.
Based on type, the prefabrication mechanical electrical and plumbing support system market from the hardware segment gained significant traction in 2023 and is expected to depict 7% growth rate through 2032. This is attributed to the evolving construction practices towards efficiency and sustainability. Prefabrication ensures precision and consistency for faster project completion. Moreover, the growing demand for time-saving and cost-effective solutions in construction projects is contributing to the rising product acceptance.
In terms of application, the non-prefabrication mechanical electrical and plumbing support system industry from the commercial offices segment generated substantial revenue in 2023 and is estimated to record 6.1% between 2024 and 2032. Modern commercial office spaces are evolving in design and functionality, adding to the growing deployment of efficient MEP support systems. The systems ensure the seamless integration of mechanical, electrical, and plumbing components for optimizing building performance. Additionally, the increasing focus on sustainability and energy efficiency in the commercial sector is expected to boost the segment growth.
Asia Pacific mechanical electrical and plumbing support system industry is set to exhibit 7% CAGR during 2024-2032 fueled by rapid urbanization and robust infrastructure development in the region. The growing investments in an increasing number of construction projects coupled with favorable government initiatives for promoting sustainable building practices are driving the adoption of cutting-edge support solutions. For instance, in December 2032, WSP developed an advanced MEP design for Shanghai West Bund Orbit, a new cutting-edge public exhibition space. The rapid innovations in cable management, hangers, and plumbing support system will also benefit the market growth.