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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.
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.
Why is mechanical electrical and plumbing support hardware gaining traction?
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.
What is the size of the MEP support market?
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.
Who are the leading MEP support market players?
Some of the major mechanical electrical and plumbing support companies are Atkore International, Eaton Corporation, Hilti, Legrand Group, and Mason Industries.
How big is the North America MEP support industry?
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.