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Dublin, July 19, 2021 (GLOBE NEWSWIRE) – The “United Arab Emirates Mechanical, Electrical and Plumbing Services Market Research Report: By Service Type (Electrical, Mechanical, Plumbing), End User (Residential, retail, commercial, industrial, government, healthcare), Hospitality) – The report Industry Analysis and Growth Forecast to 2030 “has been added to ResearchAndMarkets.com offer.
The UAE is one of the greatest tourist destinations in the world 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 increase the UAE mechanical, electrical and plumbing services market from $ 3,025.9 million in 2020 to $ 12,946.9 million in 2020. 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 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 driven 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.
The COVID-19 pandemic has negatively impacted the UAE MEP service market due to the lockdown measures, which have 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.
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 set to open this year.
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.
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
3.1.1.1 Mechanical
3.1.1.2 Electricity
3.1.1.3 Plumbing
3.1.2 By end user
3.1.2.1 Residential
3.1.2.2 Retail trade
3.1.2.3 Commercial
3.1.2.4 Industrial
3.1.2.5 Government
3.1.2.6 Health care
3.1.2.7 Hotel industry
3.1.2.8 Others
3.2 Market dynamics
3.2.1 Trends
3.2.1.1 Adoption of intelligent HVAC systems
3.2.1.2 Demand for Energy Efficient HVAC Systems
3.2.2 Drivers
3.2.2.1 The growing hotel industry
3.2.2.2 Increase in construction projects in the transport sector
3.2.3 Restraint
3.2.3.1 Lack of qualified professionals
3.2.3.2 Analysis of the impact of constraints on market forecasts
3.2.4 Opportunities
3.2.4.1 Growing popularity of district cooling
3.2.4.2 Public expenditure on infrastructure
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. MEP Mega-Projects and Opportunities
Chapter 5. United Arab Emirates Market Size and Forecast
5.1 By type of service
5.1.1 UAE Mechanical Services Market, by Application
5.1.2 UAE Electricity Services Market, By Application
5.2 By the 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. Company Profiles
7.1 Al Shafar United Electromechanical Engineering LLC
7.1.1 Company overview
7.1.2 Product and service offerings
7.2 BK Gulf LLC
7.2.1 Company overview
7.2.2 Product and service offerings
7.3 SPECON
7.3.1 Company 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 Company overview
7.5.2 Product and service offerings
7.6 ALEMCO
7.6.1 Company overview
7.6.2 Product and service offerings
7.7 AL-FUTTAIM ENGINEERING COMPANY LLC
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 ELEMEC ELECTRICAL CONTRACTING LLC
7.9.1 Company overview
7.9.2 Product and service offerings
7.10 GECO Mécanique et Électrique Ltée.
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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