Growth in mechanical, electrical and plumbing services
With the expansion of the hospitality industry, mainly due to the boom in the travel and tourism industry, the demand for mechanical, electrical and plumbing (MEP) services is increasing sharply in the United Arab Emirates. In recent years, the launch of various tourism development programs and projects, such as the Sharjah Tourism Vision 2021 and the Dubai Tourism Vision, have caused a massive increase in tourist attendance in the country. Additionally, the Forbes travel guide recently included Dubai in its list of the 20 best places to visit in 2020, which has given the city a huge boost to the hotel industry.
Besides the aforementioned factor, the boom in construction activities and the launch of several infrastructure development projects, especially in the transport sector, are also driving the expansion of the mechanical, electrical and plumbing (MEP) services market. UAE, whereby, the market revenue is expected to grow from $ 3,025.9 million in 2020 to $ 12,946.9 million by 2030. Further, the market is expected to grow at a CAGR of 15.7% from 2021 to 2030 (forecast period).
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According to the type, the UAE MEP services market is divided into electrical, plumbing, and mechanical services. Of these, the electrical services category is expected to post the highest CAGR in the market in the coming years. This is attributed to the existence of multiple uninterruptible power supply (UPS) systems, security systems, lighting and related control systems, and building management systems in large buildings or premises. In addition, since all other services in a building are highly dependent on the electricity supply, which serves as the basis for various other functions, its regular maintenance is extremely critical.
So, in order to meet the growing demand for these services, players operating in the UAE MEP services market are focusing on entering into collaborations and partnerships, according to the observations of market research firm, P&S Intelligence. For example, Azizi Developments hired Mario Associates in November 2020 to provide MEP design review and consulting services for their upcoming projects across Dubai. In addition, a distribution agreement was signed between Leminar Air Conditioning Company and Zurn Industries (USA) in February 2020. Pursuant to this agreement, Leminar Air Conditioning Company became the distributor in the United Arab Emirates of the specialty plumbing valves manufactured. by Zurn Industries.
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Therefore, the demand for MEP services will skyrocket in the UAE in the coming years, mainly due to the rapid development of hotels and resorts and the increase in construction and infrastructure development projects. in the country.
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