Mechanical, Electrical, and Plumbing (MEP) Service Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to mechanical, electrical, and plumbing (mep) service market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Mechanical, Electrical, and Plumbing (MEP) Service Market News

in Mechanical, Electrical, and Plumbing (MEP) Service Market

Schneider Electric introduced the Modicon M660, in February 2025, a state-of-the-art Industrial PC (IPC) Motion controller that combines precision motion control, safety features, and edge computing capabilities in a single device. The combined solution allows for simple integration of control, data processing, and communication within applications with real-time control and low latency, enhancing the efficiency and reliability of MEP systems.

Siemens introduced the Siemens Industrial Copilot, an AI companion that is designed to complement shop floor operations, at CES 2025. The tool enables real-time decision-making by aggregating AI capabilities around equipment to maximize productivity and minimize downtime. Seamlessly integrated into the Siemens Xcelerator platform, it enables shop floor operators and maintenance engineers to make quick, real-time decisions that enhance productivity, operational efficiency, and minimize downtime.

Honeywell launched Honeywell Ensemble, in October 2024, the first end-to-end digital maintenance solution for Honeywell business jet turbofan engines. It automatically downloads and transmits engine data to analyze and monitor engine conditions after every flight in near-real time. It allows for easier digital connections to be made between operational data, engine build history, and maintenance history, enhancing operational efficiency and reducing downtime.

Mechanical, Electrical, and Plumbing (MEP) Service Market Report Snapshots

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Global Mechanical, Electrical, and Plumbing (MEP) Service Market size was valued at USD 60.49 Billion in 2023 and is poised to grow from USD 62.52 Billion in 2024 to USD 90.0 Billion by 2032, growing at a CAGR of 3.36% in the forecast period (2025-2032).

To expand their market share, key players in the mechanical, electrical, and plumbing (MEP) service market are giving a top priority to innovation through the implementation of AI, partnership strategies, and digital product expansion. Intelligent building solutions are the target of major R&D efforts by Siemens and Johnson Controls. Autodesk is giving top priority to cloud-based collaboration and BIM. Others enhance their capacities through acquisitions. Customer-centric service models and sustainable, energy-efficient MEP products remain a major competitive strategy. 'Siemens AG', 'Johnson Controls International plc', 'Schneider Electric SE', 'Honeywell International Inc.', 'Autodesk, Inc.', 'ABB Ltd.', 'Trane Technologies plc', 'Eaton Corporation plc', 'Carrier Global Corporation', 'United Technologies Corporation', 'WSP Global Inc.', 'Jacobs Engineering Group Inc.', 'AECOM', 'Fluor Corporation', 'Mott MacDonald Group Ltd.'

Accelerated global urbanization is boosting demand for commercial, industrial, and residential infrastructure, consequently fueling building activity. MEP services are vital to the functionality and efficiency of a building. Government investment in green infrastructure and smart cities also boosts demand for sophisticated MEP solutions incorporating automation, sustainability, and energy efficiency, consequently driving market growth.

Merging of Digital Twin Technologies with Artificial Intelligence: By facilitating predictive maintenance, real-time monitoring of systems, and enhanced building performance, the implementation of AI and digital twins is revolutionizing MEP services provision. The technologies enhance building system lifecycle management and efficiency of operations through improved MEP coordination and elimination of costly errors.

Why Is North America Leading the MEP Service Market?

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Mechanical, Electrical, and Plumbing (MEP) Service Market

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Mechanical, Electrical, and Plumbing (MEP) Service Market Updates

Mechanical, Electrical, and Plumbing (MEP) Service Market News

Mechanical, Electrical, and Plumbing (MEP) Service Market Report Snapshots

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