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

Global Mechanical, Electrical, and Plumbing (MEP) Market size was valued at USD 60.1 billion in 2023 and is poised to grow from USD 63.89 billion in 2024 to USD 104.15 billion by 2032, growing at a CAGR of 6.3% during the forecast period (2025-2032).

The global mechanical, electrical, and plumbing (MEP) service market growth is driven by the increasing need for effective energy solutions and sustainable building standards. With growing urbanization, new infrastructure demand increases pace, urging construction developments to replace mechanical, electrical, and plumbing equipment with upgraded ones. Regulations intended to reduce carbon footprint and increase energy efficiency further contribute to the MEP service investment.

• For instance, the Toronto, Canada, "Sustainable Skyscraper" project in March 2024 was shifting to the second stage of development with particular emphasis on energy-efficient MEP systems. Smart lighting and high-efficiency HVAC equipment with AI control to save energy are integrated into the building. With LEED Platinum certification as a target, the project is indicative of how green building regulations and sustainability goals are driving the MEP services sector directly.

In addition, MEP construction renovations and building retrofitting is a massive area for services because a large majority of the older structures need new, current modifications to better fit into the marketplace and comply with current codes. The movement toward prefabrication of MEP systems is also in evidence, allowing for quicker installations and fewer on-site discrepancies. Increased interest in "green" materials and practices is also evident, joining broader objectives of sustainability. As these mechanical, electrical, and plumbing (MEP) service industry trends evolve further, market dynamics will shift, posing challenges and opportunities to MEP service providers globally.

How Are Real-Time AI Insights Enhancing MEP Operations?

Through optimal design, enhanced system integration, and predictive maintenance, artificial intelligence (AI) is revolutionizing the mechanical, electrical, and plumbing (MEP) service sector. Today, AI-driven software is employed to monitor system behavior, model energy consumption, and detect inefficiencies prior to construction. This reduces costs and enhances the sustainability of building operations. In February 2025, for example, a Singaporean office building deployed an AI-powered MEP technology that relied on real-time occupancy information to automate HVAC adjustments and achieved a 22% decrease in energy consumption. By predicting mechanical, electrical, and plumbing design clashes ahead of time, AI is also accelerating project timelines, another big step toward more smart and responsive MEP building infrastructure.