Mechanical, Electrical and Plumbing Services UAE Market to 2030 – Industry Analysis and Growth Forecasts – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “U.A.E. 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” report has been added to ResearchAndMarkets.com’s offering.

The U.A.E. is one of the biggest tourist destinations in the world on account of its lavish lifestyle, sleek infrastructure, thrilling amusement parks, immersive Arabic culture, and intriguing ethnic history. As a result, the travel & tourism sector contributed 5.2% to the country’s gross domestic product (GDP) in 2016, a share that the government wants to increase further. Therefore, the resulting construction of infrastructure in this sector will likely drive the U.A.E. mechanical, electrical, and plumbing services market from $3,025.9 million in 2020 to $12,946.9 million in 2030, at a 15.7% CAGR between 2021 and 2030, according to the market research report.

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 U.A.E. MEP services market is being driven by the infrastructure development in the country’s transportation sector, considering the burgeoning number of tourists and immigrants. With infrastructure construction, the demand for the designing, installation, and maintenance of various MEP components and systems will keep rising.

The COVID-19 pandemic has negatively impacted the U.A.E. MEP services market on account of the lockdown measures, which have led to a complete halt in construction activities. Additionally, the manufacturing plant shutdowns around the world have reduced the supply of MEP components and systems. Moreover, as most of the hotels and other commercial facilities suspended operations, the demand for MEP services greatly decreased in the country, thus further hurting the revenue streams for service providers.

The hospitality category will witness the fastest growth in the U.A.E. MEP services market in the coming years, under the end user segment. The U.A.E. 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 luxurious hotels are under construction in the country, including WB Abu Dhabi, which is set to be inaugurated this year.

Market Dynamics

Trends

• Adoption of smart HVAC systems
• Demand for energy-efficient HVAC systems

Drivers

• Growing hospitality industry
• Increasing construction projects in transportation sector

Restraint

• Lack of skilled professionals
• Impact analysis of restraints on market forecast

Opportunities

• Growing popularity of district cooling
• Government spending on infrastructure

Company Profiles

• Al Shafar United Electromechanical Engineering LLC
• BK Gulf LLC
• SPECON
• Al Shirawi Electrical & Mechanical Engineering Company
• Horizon Gulf Electromechanical Services LLC
• ALEMCO
• AL-FUTTAIM ENGINEERING COMPANY LLC
• James L Williams Middle East (JLW)
• ELEMEC ELECTRICAL CONTRACTING LLC
• GECO Mechanical & Electrical Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/5w6h09

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

[email protected]

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900