The mechanical electrical and plumbing software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Mechanical Electrical And Plumbing Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The mechanical electrical and plumbing software market size has grown rapidly in recent years. It will grow from $4.56 billion in 2023 to $5.06 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to increased demand for energy-efficient buildings, regulatory compliance, increasing urbanization, global construction boom, efficiency gains in project delivery, complexity of building designs..
The mechanical electrical and plumbing software market size is expected to see rapid growth in the next few years. It will grow to $7.56 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to renewable energy integration, focus on maintenance and facility management, global infrastructure investments, sustainable design and certification, data security and privacy measures.. Major trends in the forecast period include building information modeling (bim) integration, cloud-based solutions, mobile accessibility and field integratio, iot and smart building integration, focus on collaboration and communication..
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Scope Of Mechanical Electrical And Plumbing Software Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Mechanical Electrical And Plumbing Software Market Overview
Market Drivers –
The increasing demand for energy-efficient buildings is expected to propel the growth of the mechanical, electrical, and plumbing software market going forward. Energy-efficient buildings refer to structures designed and constructed to minimize energy consumption and maximize resource efficiency while maintaining comfort, functionality, and occupant well-being. Mechanical electrical and plumbing software aids in operational efficiency, lifecycle analysis, and green building certification, meeting the rising awareness of environmental impact. For instance, in October 2022, according to the US Green Building Council (USGBC), a US-based non-profit organization, in the US over 5,000 additional projects were leadership in energy and environmental design (LEED) certified in 2022, and 8,800 additional project registrations were made in 2022. Further, in February 2022, 1,077 leadership in energy and environmental design projects were approved in China, covering more than 152 million square feet of certified Leadership In Energy And Environmental Design space in 2021. Therefore, the increasing demand for energy-efficient buildings is driving the growth of the mechanical, electrical, and plumbing software market.
Market Trends –
Major companies operating in the mechanical electrical and plumbing software market are adopting innovative technologies such as digital mechanical, electrical, and plumbing (MEP) workflow to provide reliable customer service. Digital mechanical, electrical, and plumbing (MEP) workflows use digital tools and technologies in mechanical, electrical, and plumbing (MEP) design to automate tasks, improve communication, and share information across the project team. For instance, in September 2021, Trimble Inc., a US-based software, hardware, and services provider, launched SysQue v8.3, a uniquely designed digital tool to drive greater efficiency in modeling workflows and digitizing MEP workflows from design to the shop floor. The ability to quickly configure wall assemblies, save configurations as business standards, and set them in the model at precise heights improves electrical efficiency and productivity. With the addition of the PypeServer interface, it can create pipe CAM files directly from the Revit model.
The mechanical electrical and plumbing software market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment: Cloud, On-Premises
3) By Application: Construction Industry, Electrical Industry, Mechanical Engineering, Plumbing Industry, Other Applications
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Regional Insights –
North America was the largest region in the mechanical electrical and plumbing software market in 2023. The regions covered in the mechanical electrical and plumbing software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the mechanical electrical and plumbing software market report are Siemens AG, Schneider Electric, Ecolab Inc., EMCOR Group Inc., GDI Integrated Facility Services Inc., Dassault Systèmes SE, Autodesk Inc., Trimble Inc., Sage Group, AVEVA Group, Bentley Systems Incorporated, Caravan Facilities Management LLC, Knight Facilities Management Inc., Graphisoft SE, ProTenders Inv., Continuum Services, EDSA Micro Corporation, Camelot Facility & Property Management, Crockett Facilities Services Inc., CYPE Ingenieros SA, MEPcontent, BIM-ME, Choice Facility Services & Construction Inc., Dohn Engineering PLC, Assurance Facility Management Inc., eSUB Construction Software, Global Facility Solutions Inc., Priosoft Construction Software
Table of Contents
1. Executive Summary
2. Mechanical Electrical And Plumbing Software Market Report Structure
3. Mechanical Electrical And Plumbing Software Market Trends And Strategies
4. Mechanical Electrical And Plumbing Software Market – Macro Economic Scenario
5. Mechanical Electrical And Plumbing Software Market Size And Growth
…..
27. Mechanical Electrical And Plumbing Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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