$3 billion+ from the UAE mechanical, electrical and plumbing industry until 2030

Dublin, July 19, 2021 (GLOBE NEWSWIRE) — The “UAE Mechanical, Electrical and Plumbing Services Market Research Report: By Service Type (Electrical, Mechanical, Plumbing), End User (Residential, Retail, Commercial, Industrial, Government, Healthcare, hospitality) – Analysis of the sector and growth forecasts until 2030” report has been added to from ResearchAndMarkets.com offer.

The United Arab Emirates is one of the greatest tourist destinations in the world due to its lavish lifestyle, elegant infrastructure, thrilling amusement parks, immersive Arab culture, and intriguing ethnic history. As a result, the travel and tourism sector contributed 5.2% to the country’s gross domestic product (GDP) in 2016, a share the government wants to increase further. Consequently, the resulting infrastructure construction in this sector is likely to grow the UAE mechanical, electrical and plumbing services market from $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. .

Much of the infrastructure development is being carried out as part of the Dubai Tourism Vision 2020 and Sharjah Tourism Vision 2021 programs and as part of the preparations for Expo Dubai 2020 (rescheduled for 2021). Furthermore, the UAE MEP services market is driven by infrastructure development in the country’s transportation 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.

The COVID-19 pandemic has negatively impacted the UAE MEP services market due to containment measures, which have led to a complete shutdown of construction activities. Additionally, manufacturing plant closures around the world have reduced the supply of MEP components and systems. Additionally, as most hotels and other commercial facilities have suspended operations, the demand for MEP services has drastically decreased in the country, which has further hurt the revenue streams of service providers.

The hospitality category will see the fastest growth in the UAE MEP services 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 other luxury hotels are under construction in the country, including WB Abu Dhabi, which is expected to open this year.

The most prominent 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.

Main topics covered:

Chapter 1. Research Context

Chapter 2. Research Methodology

Chapter 3. Executive Summary
3.1 Definition of market segments
3.1.1 By type of service Mechanical Electrical Plumbing
3.1.2 By end user Residential Retail trade Commercial Industrial Government Health Hospitality Others
3.2 Market Dynamics
3.2.1 Trends Adoption of smart HVAC systems Demand for Energy Efficient HVAC Systems
3.2.2 Drivers Growth of the hospitality industry Increase in construction projects in the transport sector
3.2.3 Restraint Lack of qualified professionals Impact Analysis of Restrictions on Market Forecast
3.2.4 Opportunities Growing Popularity of District Cooling Public infrastructure spending
3.3 Impact of COVID-19
3.3.1 Construction Industry Overview
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of buyers
3.4.2 Bargaining power of suppliers
3.4.3 Threat of new entrants
3.4.4 Intensity of rivalry
3.4.5 Threat of Substitutes

Chapter 4. Megaprojects and MEP Opportunities

Chapter 5. UAE Market Size and Forecast
5.1 By type of service
5.1.1 UAE Mechanical Services Market, by Application
5.1.2 UAE Electrical Utilities Market, by Application
5.2 By end user

Chapter 6. Competitive Landscape
6.1 List of players and offers
6.2 Player comparison
6.3 Strategic Developments of Key Players

Chapter 7. Business Profiles
7.1 Al Shafar United Electromechanical Engineering LLC
7.1.1 Overview of activities
7.1.2 Product and service offerings
7.2 BK Gulf LLC
7.2.1 Activity Overview
7.2.2 Product and service offerings
7.3.1 Activity Overview
7.3.2 Product and service offerings
7.4 Al Shirawi Electrical and Mechanical Engineering Company
7.4.1 Company Overview
7.4.2 Product and service offerings
7.5 Horizon Gulf Electromechanical Services LLC
7.5.1 Activity Overview
7.5.2 Product and service offerings
7.6.1 Activity Overview
7.6.2 Product and service offerings
7.7.1 Company Overview
7.7.2 Product and service offerings
7.8 James L Williams Middle East (JLW)
7.8.1 Company Overview
7.8.2 Product and service offerings
7.9.1 Company Overview
7.9.2 Product and service offerings
7.10 GECO Mechanical & Electrical Ltd.
7.10.1 Company Overview
7.10.2 Product and service offerings

Chapter 8. Appendix

For more information on this report, visit https://www.researchandmarkets.com/r/q1h2cb

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