UAE Mechanical, Electrical, & Sanitary Services Market valued at $ 12,946.9M by 2030: P&S Intelligence

NEW YORK, April 13, 2021 / PRNewswire / – The United Arab Emirates is one of the greatest travel destinations in the world because of its lavish lifestyle, lean infrastructure, exciting amusement parks, fascinating Arab culture and fascinating ethnic history. As a result, the travel and tourism sector contributed 5.2% of the country’s gross domestic product (GDP) in 2016, a percentage that the government is looking to increase further. Hence, the resulting construction of infrastructure in this sector is likely to drive the mechanical, electrical and plumbing services market in the UAE $ 3,025.9 million in 2020 to $ 12,946.9 million in 2030 at a CAGR of 15.7% between 2021 and 2030, according to the market research report published by P&S Intelligence.

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Much of the infrastructure development will be carried out as part of the Dubai Tourism Vision 2020 and Sharjah Tourism Vision 2021 programs and as part of the preparations for the Dubai Expo 2020 (postponed to 2021). Additionally, given the growing numbers of tourists and immigrants, the market for MEPs services in the UAE is being driven by infrastructure development in the country’s transport sector. As the infrastructure is built, the demand for the design, installation and maintenance of various MEP components and systems will continue to grow.

Key findings from the UAE MEP services market

• Construction boom drives demand for MEP services in UAE

• The need for sanitary services will grow the fastest in the years to come

• The demand for MEP services is highest in commercial spaces

• Smart and energy efficient HVAC systems are major market trends

• District cooling systems offer players lucrative opportunities

• The market is fragmented due to the existence of numerous companies

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The COVID-19 pandemic has had a negative impact on the MEP services market in the UAE due to lockdown measures that have brought construction to a complete halt. In addition, the worldwide shutdowns of production facilities have reduced the range of MEP components and systems. With most of the hotels and other commercial establishments ceasing to operate, the demand for MEPs services in the country fell sharply, further reducing revenue streams for service providers.

The story goes on

Browse the detailed report with COVID-19 Impact Analysis on Mechanical, Electrical, and Plumbing Services Market research report in UAE: By Service Type (Electrical, Mechanical, Plumbing), End User (Residential, Retail, Commercial, Industrial, Government, Healthcare, Hospitality) ) – Industry analysis and growth forecast to 2030 @ https://www.psmarketresearch.com/market-analysis/uae-mechanical-electrical-plumbing-services-market

The hospitality category will see the fastest growth in the consumer space for MEP services in the UAE over the coming years. The United Arab Emirates is home to some of the most famous hotels in the world, including the only 7-star Burj Al Arab and Atlantis the Palm. Many more luxury hotels are under construction in the country, including the WB Abu Dhabi, which is due to be inaugurated this year.

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The major companies in the UAE MEP services market are Al Shafar United Electromechanical Engineering LLC (ASU), SPECON, BK Gulf LLC, AL SHIRAWI ELECTRICAL & MECHANICAL ENGINEERING COMPANY, ALEMCO and Horizon Gulf Electromechanical Services LLC, Al-Futtaim Engineering Company LLC , Elemec Electrical Contracting LLC, James L. Williams Middle East (JLW) and GECO Mechanical & Electrical Ltd.

Browse other reports

UAE HVAC Market Report – The UAE HVAC market is currently dominated by Dubai, this is the country’s business and tourist center. In addition, the city will host the World’s Fair in 2021, for which extensive preparations are being made, including the construction of hotels, shopping malls and subways. In addition, the government of the emirate supports the travel and tourism sector, so that the dependence on the oil and gas trade can be reduced.

UAE Heater Market Report – Geographical, Dubai The greatest demand for heating devices arose in 2019 due to the fact that Dubai is the financial center and the tourist center of the UAE. Due to the preparations for Dubai Expo 2020, the construction of buildings and hotels has increased.

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SOURCE P&S Intelligence