Growing Travel & Tourism Sector To Propel U.A.E. Mechanical, Electrical, and Plumbing Services Market to $12,946.9 million by 2030

The U.A.E. is one of the biggest tourist destinations in the world on account of its lavish lifestyle, sleek infrastructure, thrilling amusement parks, immersive Arabic culture, and intriguing ethnic history. As a result, the travel & tourism sector contributed 5.2% to the country’s gross domestic product (GDP) in 2016, a share that the government wants to increase further. Therefore, the resulting construction of infrastructure in this sector will likely drive the U.A.E. mechanical, electrical, and plumbing services market from $3,025.9 million in 2020 to $12,946.9 million in 2030, at a 15.7% CAGR between 2021 and 2030.

The COVID-19 pandemic has negatively impacted the U.A.E. MEP services market on account of the lockdown measures, which have led to a complete halt in construction activities. Additionally, the manufacturing plant shutdowns around the world have reduced the supply of MEP components and systems. Moreover, as most of the hotels and other commercial facilities suspended operations, the demand for MEP services greatly decreased in the country, thus further hurting the revenue streams for service providers.

The electrical category is set to hold the largest share in the U.A.E. MEP services market during this decade, based on service type. Every building requires uninterruptable power supply (UPS) systems, lighting fixtures and control systems, and heating, ventilation, and air conditioning (HVAC) systems. Additionally, new and existing buildings are being integrated with building management systems to conserve energy. As a result, the demand for the installation and maintenance of electrical systems is increasing in the country.

The most-significant companies in the U.A.E. MEP services market are Al Shafar United Electromechanical Engineering L.L.C. (ASU), SPECON, BK Gulf LLC, AL SHIRAWI ELECTRICAL & MECHANICAL ENGINEERING COMPANY, ALEMCO, Horizon Gulf Electromechanical Services L.L.C., Al-Futtaim Engineering Company LLC, Elemec Electrical Contracting LLC, James L Williams Middle East (JLW), and GECO Mechanical & Electrical Ltd.

Key Findings of U.A.E. MEP Services Market Report

• Construction boom driving demand for MEP services in U.A.E.

• Requirement for plumbing services to grow fastest in coming years

• Demand for MEP services highest in commercial spaces

• Smart and energy-efficient HVAC systems key market trends

• District cooling systems offering lucrative opportunities to players

• Market has fragmented nature due to existence of numerous companies

Source: www.psmarketresearch.com

Comments

Post a Comment

Popular posts from this blog

Saudi Arabia's Geospatial Market: Growth, Insights, and Key Trends for 2030

Image
The Saudi Arabian geospatial analytics market is poised to generate USD 414.8 million in 2024, with an anticipated CAGR of 9.5% from 2024 to 2030, potentially reaching USD 714.8 million by the end of the forecast period. This growth is largely attributed to the technology's application in visualizing and analyzing locations, movements, and patterns, which has become essential for developing smart cities and guiding infrastructure investment decisions. Geospatial analytics also benefits consumer services by aiding logistics companies in delivering goods precisely and efficiently. In transportation, the technology assists with understanding traffic flows and barriers, helping to improve traffic management. Saudi Arabia's strategic focus on infrastructure development further bolsters the market. Government initiatives like the MOMRA Smart City Program and Saudi Geological Survey (SGS) demonstrate a commitment to leveraging geospatial technologies to optimize resource utilization....
Read more

Desktop Virtualization Sees Surge Among SMEs and Enterprises

Image
According to the latest market research study published by P&S Intelligence, the global desktop virtualization market is experiencing significant growth, with revenues projected to increase from USD 15.3 billion in 2024 to USD 32.7 billion by 2032 , reflecting a compound annual growth rate (CAGR) of 9.8% during the forecast period. This surge is driven by the numerous advantages virtual desktops offer over traditional physical machines, including simplified administration, cost efficiency, enhanced productivity, compatibility with various device types, robust security measures, agility, scalability, and improved user experiences. Key Insights The adoption of desktop virtualization is accelerating as organizations seek to reduce operating expenses and enhance profitability. By transitioning to cloud computing environments, companies can offload software, databases, and applications to third-party servers, thereby minimizing IT hardware costs.​ The COVID-19 pandemic has acted as ...
Read more

Gaming and Healthcare Sectors Propel AR and VR Industry Growth to USD 210.4 Billion

Image
 In 2023, the augmented reality (AR) and virtual reality (VR) industry generated a substantial revenue of USD 47.6 billion. This market is expected to grow at a remarkable compound annual growth rate (CAGR) of 23.7% over the forecast period, reaching USD 210.4 billion by the decade's end. The rapid adoption of AR and VR technologies across sectors such as gaming, entertainment, education, tourism, retail, and healthcare is driving this growth. Wearable AR and VR devices, such as smart glasses , head-up displays (HUDs), and head-mounted displays (HMDs), offer users the convenience of mobility, allowing them to carry out daily activities seamlessly. For instance, AR displays can be used anywhere without obstructing real-world views, while mobile VR headsets can enhance experiences by limiting movement within virtual environments (VEs). The designs of these devices continue to evolve, making them compatible with smartphones and tablets. This has led to the widespread integration of A...
Read more