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NEW YORK, April 13, 2021 / PRNewswire / – The UAE is one of the world’s premier tourist destinations due to its lavish lifestyle, elegant infrastructure, thrilling theme parks, immersive 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 share the government wants to increase further. Therefore, the resulting infrastructure construction in this sector will likely lead to the United Arab Emirates Mechanical, Electrical and Plumbing Services Market of $ 3,025.9 million in 2020 at $ 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.
Much of the infrastructure development is being carried out under the Dubai Tourism Vision 2020 and Sharjah Tourism Vision 2021 programs and as part of the preparations for the Dubai Expo 2020 (rescheduled for 2021). In addition, the UAE MEP service market is boosted by the development of infrastructure in the country’s transport sector, given the growing number of tourists and immigrants. With the construction of infrastructure, the demand for the design, installation and maintenance of various MEP components and systems will continue to increase.
Key Findings of UAE MEP Services Market
- Construction boom drives demand for MEP services in UAE
- The need for plumbing services will increase most rapidly in the years to come
- Demand for MEP services is highest in commercial spaces
- Key Trends in the Smart and Energy Efficient HVAC System Market
- District cooling systems offering lucrative opportunities to gamers
- The market has a fragmented nature due to the existence of many companies
Obtain a copy of this report at: https://www.psmarketresearch.com/market-analysis/uae-mechanical-electrical-plumbing-services-market/report-sample
The COVID-19 pandemic has negatively impacted the UAE’s MEP services market due to the lockdown measures, which resulted in construction activities being brought to a complete halt. Additionally, shutdowns of manufacturing plants around the world have reduced the supply of MEP components and systems. In addition, as most hotels and other commercial facilities have suspended their operations, the demand for MEP services has decreased significantly in the country, further harming the revenue streams of service providers.
Browse the detailed report with impact analysis of COVID-19 on UAE Mechanical, Electrical and Plumbing Services Market Research Report: 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 experience the fastest growth in the UAE MEP service market in the coming years, in the end user segment. The United Arab Emirates is home to some of the most iconic hotels in the world, including the only seven-star hotel, Burj Al Arab, and Atlantis the Palm. Many more luxury hotels are under construction in the country, including the WB Abu Dhabi, which is slated to open this year.
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The most important 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, 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.
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United Arab Emirates HVAC Market Report – The UAE HVAC market is currently dominated by Dubai, which is the business and tourist center of the country. In addition, the city is expected to host the 2021 World’s Fair, for which extensive preparations, including the construction of hotels, shopping malls and metro stations, are underway. In addition, the government of the emirate is expanding its support to the travel and tourism sector, in order to reduce reliance on the oil and gas trade.
United Arab Emirates Heating Equipment Market Report – Geographically, Dubai created the highest demand for heating equipment in 2019, as Dubai is the financial center and tourist hub of the United Arab Emirates. In addition, due to the preparations for the Dubai Expo 2020, there has been an increase in the construction of buildings and hotels.
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services addressing the market information needs of growing industries around the world. Providing the bedrock of market intelligence, P&S as an enterprising research and consulting company, believes in providing in-depth landscape analyzes on the ever-changing market scenario, to enable companies to make informed decisions. and to base their business strategies with astuteness.
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SOURCE P&S Intelligence
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