North America Mechanical Electrical And Plumbing Service Market Size, Share & Trends Analysis Report By Service Type, By End-use, By Type, By Country, And Segment Forecasts, 2024

The North America mechanical electrical & plumbing service market is anticipated to reach USD 51,411.4 million by 2030, registering a CAGR of 7.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Smart buildings are gaining popularity as they integrate various systems to create intelligent, interconnected environments. The adoption of smart building automation and the Internet of Things (IoT) is driving the demand for mechanical, electrical, and plumbing services in North America.

The growing number of manufacturing facilities is expected to require MEP services such as engineering, designs, and drafting services for the HVAC, electrical, and plumbing systems, among others. This rise in the value added in manufacturing and construction sectors is observed due to the flourishing construction, chemical processing, and food & beverages industries. MEP services play a significant role in manufacturing facilities' operation, construction, and design. Hence, the growth of these industries is expected to further fuel the demand for MEP services in North America over the forecast period.

Furthermore, Virtual Design and Construction (VDC) has revolutionized MEP design by allowing accurate visualization, improved collaboration, and early clash detection. Stakeholders can coordinate effectively and identify conflicts using detailed virtual models before construction begins. VDC supports precise quantity takeoffs, cost estimation, and efficient project planning. By incorporating building energy modeling services, MEP professionals can achieve higher project efficiency, lower costs, minimize disruptions, and ensure timely project delivery of MEP systems. The incorporation of such advanced technologies is expected to further drive the demand for MEP services in the region.

Moreover, the regulatory framework for the market encompasses a variety of laws, regulations, standards, and guidelines aimed at ensuring the safety, efficiency, and sustainability of commercial facilities. Regulations such as the Canadian Standard Association (CSA)C22.1:24, the National Electrical Code (NEC), and the International Plumbing Code (IPC) are some of the important regulatory frameworks impacting the MEP service market.

Market players in North America in mechanical, electrical, and plumbing services are adopting several strategies, such as acquisitions, mergers, joint ventures, new service launches, and regional expansion, to enhance market penetration and cater to changing local demands from various end-use applications, including residential, commercial, and industrial applications.

For instance, in October 2023, Global Facility Solutions, LLC was acquired by Huron Capital, a full equity partner, through its portfolio company Exigent. This restructuring has provided Global Facility Solutions, LLC with increased capital funds and key business service relationships, allowing the company to enhance its client services and further expand its ability to provide sustainability services to clients throughout the U.S.

North America Mechanical Electrical And Plumbing Service Market Report Highlights:

The electrical service segment held the largest global revenue share in 2023.MEP service providers in North America offer comprehensive services for installing new electrical panels, upgrading outdated panels to meet current electrical codes, and increasing the capacity of panels to accommodate growing power demands
The mechanical service segment is expected to show lucrative growth over the forecast period. HVAC systems are essential for maintaining comfortable indoor environments and ensuring proper air quality in buildings. Professionals in this service area are skilled in troubleshooting and resolving issues related to HVAC systems, ensuring energy efficiency and extending the lifespan of these critical systems
The commercial segment held the largest share of the global revenue in 2023. Increasing expansion activities adopted by multinational companies are expected to drive the demand for MEP services, thus benefitting the overall market
The residential segment is expected to show lucrative growth over the forecast period. One notable trend in the residential MEP service market is the growing emphasis on energy efficiency and sustainability. Homeowners are increasingly seeking eco-friendly solutions to reduce their energy consumption and carbon footprint
Consulting service type dominated the market in 2023. The MEP consulting market is also seeing a surge in retrofitting and existing system upgrades. As older buildings require modernization to meet current standards and improve energy efficiency, MEP consultants are often called upon to assess, design, and implement upgrades
Upgrade/replacement service type is expected to witness high growth in coming years. The trend of sustainability and green building certifications is significantly influencing the upgrade and replacement segment. Buildings aiming for Leadership in Energy and Environmental Design (LEED) certification or other green standards often require substantial MEP system overhauls to meet these criteria.
The U.S. dominated the mechanical electrical & plumbing service market in North America in 2023. U.S. has a well-developed and regulated MEP service market with established standards, codes, and licensing requirements. This ensures a high level of professionalism and quality control, which, in turn, fosters customer confidence. Besides, the presence of numerous industry associations and trade organizations, such as the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE), contribute to the dissemination of best practices and the promotion of professional development.
In March 2023, Border States, a major electrical distributor, acquired Winston Engineering, Inc., a provider of professional mechanical, electrical, and plumbing (MEP) engineering services. The acquisition is anticipated to allow Border States to broaden its service offerings across its three core markets: construction, industrial, and utility.

Product Code: GVR-4-68040-334-6

Chapter 1 Methodology and Scope

1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Research Methodology
1.4 Information Procurement
- 1.4.1 Purchased Database
- 1.4.2 GVR's Internal Database
- 1.4.3 Secondary Sources
- 1.4.4 Third Party Perspective
- 1.4.5 Information analysis
1.5 Information Analysis
- 1.5.1 Data Analysis Models
- 1.5.2 Market formulation & data visualization
- 1.5.3 Data validation & publishing
1.6 Research Scope and Assumptions
- 1.6.1 List to data sources

Chapter 2 Executive Summary

2.1 Market Snapshot
2.2 Service Type & End Use Segment Snapshot
2.3 Type Segment Snapshot
2.4 Competitive Landscape Snapshot

Chapter 3 North America Mechanical Electrical & Plumbing Service Market: Variables, Trends & Scope

3.1 Industry Value Chain Analysis
3.2 Technology Overview
3.3 Regulatory Framework
3.4 Market Dynamics
- 3.4.1 Market Driver Analysis
  - 3.4.1.1 Growth of the New Manufacturing Facility in the U.S.
  - 3.4.1.2 Growing Construction Spending
- 3.4.2 Market Restraint Analysis
  - 3.4.2.1 Budget Limitations For Commercial Facility Maintenance
- 3.4.3 Market Opportunity Analysis
- 3.4.4 Market Challenge Analysis
3.5 Economic Mega Trends
3.6 Industry Analysis Tools
- 3.6.1 Porter's analysis
- 3.6.2 Macroeconomic analysis

Chapter 4 North America Mechanical Electrical & Plumbing Service Market: Service Type Estimates & Trend Analysis

4.1 North America Mechanical Electrical & Plumbing Service Market: Service Type Outlook
4.2 North America Mechanical Electrical & Plumbing Service Market: Service Type Movement Analysis & Market Share, 2023 & 2030
4.3 North America Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, By Service Type, 2018 - 2030 (USD Billion)
- 4.3.1 Mechanical Service
  - 4.3.1.1 Mechanical Service, By Service Type
- 4.3.2 Electrical Service
  - 4.3.2.1 Electrical Service, By Service Type
- 4.3.3 Plumbing Service
  - 4.3.3.1 Plumbing Service, By Service Type

Chapter 5 North America Mechanical Electrical & Plumbing Service Market: End use Estimates & Trend Analysis

5.1 North America Mechanical Electrical & Plumbing Service Market: End use Outlook
5.2 North America Mechanical Electrical & Plumbing Service Market: End use Movement Analysis & Market Share, 2023 & 2030
5.3 North America Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, By End use, 2018 - 2030 (USD Million)
- 5.3.1 Residential
- 5.3.2 Commercial
- 5.3.3 Industrial

Chapter 6 North America Mechanical Electrical & Plumbing Service Market: Type Estimates & Trend Analysis

6.1 North America Mechanical Electrical & Plumbing Service Market: Type Outlook
6.2 North America Mechanical Electrical & Plumbing Service Market: Type Movement Analysis & Market Share, 2023 & 2030
6.3 North America Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, By Type, 2018 - 2030 (USD Million)
- 6.3.1 Installation
- 6.3.2 Maintenance & Repair
- 6.3.3 Upgrade/Replacement
- 6.3.4 Consulting

Chapter 7 North America Mechanical Electrical & Plumbing Service Market: Country Estimates & Trend Analysis

7.1 U.S.
- 7.1.1 U.S. Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, 2018 - 2030 (USD Million)
7.2 Canada
- 7.2.1 Canada Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, 2018 - 2030 (USD Million)
7.3 Mexico
- 7.3.1 Mexico Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, 2018 - 2030 (USD Million)

Chapter 8 North America Mechanical Electrical & Plumbing Service Market: Competitive Landscape

8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company/Competition Categorization
8.3. Participant's Overview
8.4. Financial Performance
- 8.4.1. Financial Performance For Public Companies
- 8.4.2. Financial Performance For Private Companies
8.5. Service Benchmarking
8.6. Company Market Positioning
8.7. Company Heat Map Analysis
8.8. Competitive Dashboard Analysis
8.9. Strategy Mapping
- 8.9.1. New Service Launches
- 8.9.2. Mergers & Acquisition
- 8.9.3. Partnership & Collaborations
- 8.9.4. Research & Development
8.10. Company Profiles
- 8.10.1. EMCOR Group, Inc.
  - 8.10.1.1. Participant's overview
  - 8.10.1.2. Financial performance
  - 8.10.1.3. Service benchmarking
  - 8.10.1.4. Recent developments
- 8.10.2. WSP
  - 8.10.2.1. Participant's overview
  - 8.10.2.2. Financial performance
  - 8.10.2.3. Service benchmarking
  - 8.10.2.4. Recent developments
- 8.10.3. Comfort Systems USA
  - 8.10.3.1. Participant's overview
  - 8.10.3.2. Financial performance
  - 8.10.3.3. Service benchmarking
  - 8.10.3.4. Recent developments
- 8.10.4. Carrier
  - 8.10.4.1. Participant's overview
  - 8.10.4.2. Financial performance
  - 8.10.4.3. Service benchmarking
  - 8.10.4.4. Recent developments
- 8.10.5. Mitsubishi Electric Corporation
  - 8.10.5.1. Participant's overview
  - 8.10.5.2. Financial performance
  - 8.10.5.3. Service benchmarking
  - 8.10.5.4. Recent developments
- 8.10.6. Schindler
  - 8.10.6.1. Participant's overview
  - 8.10.6.2. Financial performance
  - 8.10.6.3. Service benchmarking
  - 8.10.6.4. Recent developments
- 8.10.7. KONE, Inc.
  - 8.10.7.1. Participant's overview
  - 8.10.7.2. Financial performance
  - 8.10.7.3. Service benchmarking
  - 8.10.7.4. Recent developments
- 8.10.8. Caravan Facilities Management LLC
  - 8.10.8.1. Participant's overview
  - 8.10.8.2. Financial performance
  - 8.10.8.3. Service benchmarking
  - 8.10.8.4. Recent developments
- 8.10.9. Choice Maintenance Group
  - 8.10.9.1. Participant's overview
  - 8.10.9.2. Financial performance
  - 8.10.9.3. Service benchmarking
  - 8.10.9.4. Recent developments
- 8.10.10. GALLOWAY & COMPANY, INC.
  - 8.10.10.1. Participant's overview
  - 8.10.10.2. Financial performance
  - 8.10.10.3. Service benchmarking
  - 8.10.10.4. Recent developments
- 8.10.11. Global Facility Solutions, LLC
  - 8.10.11.1. Participant's overview
  - 8.10.11.2. Financial performance
  - 8.10.11.3. Service benchmarking
  - 8.10.11.4. Recent developments
- 8.10.12. McGill Associates
  - 8.10.12.1. Participant's overview
  - 8.10.12.2. Financial performance
  - 8.10.12.3. Service benchmarking
  - 8.10.12.4. Recent developments
- 8.10.13. Mechanical Electrical & Plumbing Engineering, Inc.
  - 8.10.13.1. Participant's overview
  - 8.10.13.2. Financial performance
  - 8.10.13.3. Service benchmarking
  - 8.10.13.4. Recent developments
- 8.10.14. Kimley-Horn and Associates, Inc.
  - 8.10.14.1. Participant's overview
  - 8.10.14.2. Financial performance
  - 8.10.14.3. Service benchmarking
  - 8.10.14.4. Recent developments
- 8.10.15. Brandt Companies
  - 8.10.15.1. Participant's overview
  - 8.10.15.2. Financial performance
  - 8.10.15.3. Service benchmarking
  - 8.10.15.4. Recent developments
- 8.10.16. Southland Industries
  - 8.10.16.1. Participant's overview
  - 8.10.16.2. Financial performance
  - 8.10.16.3. Service benchmarking
  - 8.10.16.4. Recent developments
- 8.10.17. McKinstry
  - 8.10.17.1. Participant's overview
  - 8.10.17.2. Financial performance
  - 8.10.17.3. Service benchmarking
  - 8.10.17.4. Recent developments
- 8.10.18. Power Design, Inc
  - 8.10.18.1. Participant's overview
  - 8.10.18.2. Financial performance
  - 8.10.18.3. Service benchmarking
  - 8.10.18.4. Recent developments
- 8.10.19. Rosendin Electric, Inc.
  - 8.10.19.1. Participant's overview
  - 8.10.19.2. Financial performance
  - 8.10.19.3. Service benchmarking
  - 8.10.19.4. Recent developments
- 8.10.20. Pike Corporation
  - 8.10.20.1. Participant's overview
  - 8.10.20.2. Financial performance
  - 8.10.20.3. Service benchmarking
  - 8.10.20.4. Recent developments
- 8.10.21. ArchKey Solutions
  - 8.10.21.1. Participant's overview
  - 8.10.21.2. Financial performance
  - 8.10.21.3. Service benchmarking
  - 8.10.21.4. Recent developments
- 8.10.22. M.C. Dean, Inc.
  - 8.10.22.1. Participant's overview
  - 8.10.22.2. Financial performance
  - 8.10.22.3. Service benchmarking
  - 8.10.22.4. Recent developments
- 8.10.23. ACCO Engineered Systems
  - 8.10.23.1. Participant's overview
  - 8.10.23.2. Financial performance
  - 8.10.23.3. Service benchmarking
  - 8.10.23.4. Recent developments
- 8.10.24. Think Construction Services
  - 8.10.24.1. Participant's overview
  - 8.10.24.2. Financial performance
  - 8.10.24.3. Service benchmarking
  - 8.10.24.4. Recent developments
- 8.10.25. Prime Electric
  - 8.10.25.1. Participant's overview
  - 8.10.25.2. Financial performance
  - 8.10.25.3. Service benchmarking
  - 8.10.25.4. Recent developments
- 8.10.26. MACDONALD-MILLER
  - 8.10.26.1. Participant's overview
  - 8.10.26.2. Financial performance
  - 8.10.26.3. Service benchmarking
  - 8.10.26.4. Recent developments

Product Code: GVR-4-68040-334-6

List of Table

Table 1 North America Mechanical Electrical & Plumbing Service Market Estimates and Forecasts, By Service Type, 2018 - 2030 (USD Million)

Table 2 North America Mechanical Electrical & Plumbing Service Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)

Table 3 North America Mechanical Electrical & Plumbing Service Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)

Table 4 U.S. Macroeconomic Outlook

Table 5 Canada Macroeconomic Outlook

Table 6 Mexico Macroeconomic Outlook

Table 7 Recent Developments & Impact Analysis, By Key Market Participants

Table 8 Company Heat Map Analysis, 2023

List of Figures

Fig. 1 Market Segmentation & Scope
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Market Snapshot
Fig. 7 Service Type & End-Use Segment Snapshot
Fig. 8 Type Segment Snapshot
Fig. 9 Competitive Landscape Snapshot
Fig. 10 Industry Value Chain Analysis
Fig. 11 North America Mechanical Electrical & Plumbing Service: Market Dynamics
Fig. 12 U.S. Construction Spending In Manufacturing., 2018 To 2023 (USD Million)
Fig. 13 Average Annual Percentage Increase In U.S. Facility Maintenance Cost Index, Hard Services And Soft Services, 2019 to 2022 (%)
Fig. 14 North America Mechanical Electrical & Plumbing Service Market: PORTER's Analysis
Fig. 15 North America Mechanical Electrical & Plumbing Service Market: PESTEL Analysis
Fig. 16 North America Mechanical Electrical & Plumbing Service Market, By Service Type: Key Takeaways
Fig. 17 North America Mechanical Electrical & Plumbing Service Market: Service Type Movement Analysis & Market Share, 2023 & 2030
Fig. 18 North America Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, By Mechanical Service, 2018 - 2030 (USD Million)
Fig. 19 North America Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, By Mechanical Service Type, 2018 - 2030 (USD Million)
Fig. 20 North America Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, By Electrical Service, 2018 - 2030 (USD Million)
Fig. 21 North America Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, By Electrical Service Type, 2018 - 2030 (USD Million)
Fig. 22 North America Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, By Plumbing Service, 2018 - 2030 (USD Million)
Fig. 23 North America Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, By Plumbing Service Type, 2018 - 2030 (USD Million)
Fig. 24 North America Mechanical Electrical & Plumbing Service Market, By End-use: Key Takeaways
Fig. 25 North America Mechanical Electrical & Plumbing Service Market: End-use Movement Analysis & Market Share, 2023 & 2030
Fig. 26 North America Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, In Residential, 2018 - 2030 (USD Million)
Fig. 27 North America Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, In Commercial, 2018 - 2030 (USD Million)
Fig. 28 North America Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, In Industrial, 2018 - 2030 (USD Million)
Fig. 29 North America Mechanical Electrical & Plumbing Service Market, By Type: Key Takeaways
Fig. 30 North America Mechanical Electrical & Plumbing Service Market: Type Movement Analysis & Market Share, 2023 & 2030
Fig. 31 North America Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, By Installation, 2018 - 2030 (USD Million)
Fig. 32 North America Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, By Maintenance & Repair, 2018 - 2030 (USD Million)
Fig. 33 North America Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, By Upgrade/ Replacement, 2018 - 2030 (USD Million)
Fig. 34 North America Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, By Consulting, 2018 - 2030 (USD Million)
Fig. 35 U.S. Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 36 Canada Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 37 Mexico Mechanical Electrical & Plumbing Service Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 38 Company/Competition Categorization
Fig. 39 Company Market Positioning
Fig. 40 Company Market Share Analysis, 2023
Fig. 41 Company Dashboard Analysis
Fig. 42 Strategic Framework

North America Mechanical Electrical And Plumbing Service Market Size, Share & Trends Analysis Report By Service Type, By End-use, By Type, By Country, And Segment Forecasts, 2024 - 2030

Description

Table of Contents

List of Tables

North America Mechanical Electrical And Plumbing Service Market Growth & Trends: