Dublin, July 19, 2021 (GLOBE NEWSWIRE) -- 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.
The most-significant companies in the U.A.E. MEP services market are Al Shafar United Electromechanical Engineering L.L.C. (ASU), SPECON, BK Gulf LLC, AL SHIRAWI ELECTRICAL & MECHANICAL ENGINEERING COMPANY, ALEMCO, Horizon Gulf Electromechanical Services L.L.C., Al-Futtaim Engineering Company LLC, Elemec Electrical Contracting LLC, James L Williams Middle East (JLW), and GECO Mechanical & Electrical Ltd.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
3.1 Definition of Market Segments
3.1.1 By Service Type
3.1.1.1 Mechanical
3.1.1.2 Electrical
3.1.1.3 Plumbing
3.1.2 By End User
3.1.2.1 Residential
3.1.2.2 Retail
3.1.2.3 Commercial
3.1.2.4 Industrial
3.1.2.5 Government
3.1.2.6 Healthcare
3.1.2.7 Hospitality
3.1.2.8 Others
3.2 Market Dynamics
3.2.1 Trends
3.2.1.1 Adoption of smart HVAC systems
3.2.1.2 Demand for energy-efficient HVAC systems
3.2.2 Drivers
3.2.2.1 Growing hospitality industry
3.2.2.2 Increasing construction projects in transportation sector
3.2.3 Restraint
3.2.3.1 Lack of skilled professionals
3.2.3.2 Impact analysis of restraints on market forecast
3.2.4 Opportunities
3.2.4.1 Growing popularity of district cooling
3.2.4.2 Government spending 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. Mega Projects and MEP Opportunities
Chapter 5. U.A.E. Market Size and Forecast
5.1 By Service Type
5.1.1 U.A.E. Mechanical Services Market, by Application
5.1.2 U.A.E. Electrical Services Market, by Application
5.2 By End User
Chapter 6. Competitive Landscape
6.1 List of Players & Offerings
6.2 Comparison of players
6.3 Strategic Developments of Key Players
Chapter 7. Company Profiles
7.1 Al Shafar United Electromechanical Engineering LLC
7.1.1 Business Overview
7.1.2 Product and Service Offerings
7.2 BK Gulf LLC
7.2.1 Business Overview
7.2.2 Product and Service Offerings
7.3 SPECON
7.3.1 Business Overview
7.3.2 Product and Service Offerings
7.4 Al Shirawi Electrical & Mechanical Engineering Company
7.4.1 Business Overview
7.4.2 Product and Service Offerings
7.5 Horizon Gulf Electromechanical Services LLC
7.5.1 Business Overview
7.5.2 Product and Service Offerings
7.6 ALEMCO
7.6.1 Business Overview
7.6.2 Product and Service Offerings
7.7 AL-FUTTAIM ENGINEERING COMPANY LLC
7.7.1 Business Overview
7.7.2 Product and Service Offerings
7.8 James L Williams Middle East (JLW)
7.8.1 Business Overview
7.8.2 Product and Service Offerings
7.9 ELEMEC ELECTRICAL CONTRACTING LLC
7.9.1 Business Overview
7.9.2 Product and Service Offerings
7.10 GECO Mechanical & Electrical Ltd.
7.10.1 Business Overview
7.10.2 Product and Service Offerings
Chapter 8. Appendix
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