Economic-regulatory norms will lead to sizable demand in the market, says the report
The mechanical electrical and plumbing services market in India is poised to grow by US$2.01 billion during 2022-2026, anticipating a CAGR of 16.31%, according to a report by ResearchAndMarkets.
“The market is driven by risk minimization through outsourcing, growth in the real estate sector, and maximizing profits in facility operations, said the report “Mechanical Electrical and Plumbing Services Market in India 2022-2026”.
This study identifies the evolving nature of service contracts as one of the prime reasons driving the mechanical electrical and plumbing services market in India’s growth during the next few years.
“Also, economic and regulatory norms and technological advances in building management systems will lead to sizable demand in the market,” the report said on 14 Oct 2022.
The industry participants are:
AEMS ENGINEERS
ATOM MEP ENGINEERS PVT LTD
Blue Star Ltd
BR MEP Engineers Pvt. Ltd.
ELCON INFRASTRUCTURE
KK TECHNOCRATS PVT LTD
Mani Engineers Pune
MECELP Project Pvt Ltd
Meinhardt Group
MEP Engineering Inc
PillarPlus Pvt Ltd
Sense Projects Pvt Ltd
Sterling and Wilson Pvt Ltd
Vaya MEP Engineers Pvt Ltd
Vee Technologies Pvt Ltd
VK Building Services Pvt Ltd
Voltas Ltd
WSP Global Inc
INI Infrastructure and Engineering. fiinews.com
