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Mechanical Electrical and Plumbing Support System Market Size

Report ID: GMI7660
Published Date: Dec 2023
Report Format: PDF

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Mechanical Electrical and Plumbing Support System Market Size

Mechanical Electrical and Plumbing Support System Market size was valued at USD 43.3 billion in 2023 and is estimated to expand at 6.5% CAGR from 2024 to 2032. The major factor attributed to drive the market is the rising demand for energy-efficient prefabricated systems in construction, rising innovations in mechanical electrical and plumbing support system technologies, and compliance with building codes.

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The mechanical electrical & plumbing system market plays a vital role in the construction and maintenance of buildings and infrastructure. The market encompasses a wide range of services that are crucial for the functioning and sustainability of these facilities.

Mechanical Electrical & Plumbing Support System Market Report Attributes
Report Attribute	Details
Base Year:	2023
Mechanical Electrical & Plumbing Support System Market Size in 2023:	USD 43.3 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.5%
2032 Value Projection:	USD 75.9 Billion
Historical Data for:	2018 to 2032
No. of Pages:	404
Tables, Charts & Figures:	224
Segments covered:	Type, and Application
Growth Drivers:	Rising demand for energy-efficient prefabricated systems in construction Rising innovations in Mechanical electrical and plumbing support system technologies Compliance with building codes driving market growth mechanical electrical and plumbing support system in commercial constructions
Pitfalls & Challenges:	Skilled labour shortage Integration challenges and system compatibility

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Authors: Avinash Singh, Sharad Varpe

Frequently Asked Questions (FAQ) :

The market size of mechanical electrical and plumbing support reached USD 43.3 billion in 2023 and is set to grow at USD 76.5 billion by 2032, attributed to the rising need for energy-efficient prefabricated systems in construction.

The hardware segment held more than 55% revenue share in 2023 and is poised to witness significant growth through 2032 to provide better structural support and stability to the installed systems.

North America market is poised to expand at 5.8% CAGR from 2024 to 2032, owing to the strong emphasis on sustainability and green building practices in the region.

Some of the major mechanical electrical and plumbing support companies are Atkore International, Eaton Corporation, Hilti, Legrand Group, and Mason Industries.