Global MEP Software
Market Report
2024
The mechanical, electrical, and plumbing software market was valued at USD 3.60 billion in 2022 and will reach USD 7.38 billion by 2030, registering a CAGR of 9.4% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The mechanical, electrical, and plumbing software market was valued at USD 3.60 billion in 2022 and will reach USD 7.38 billion by 2030, registering a CAGR of 9.4% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global MEP Software Market Sales Revenue 2022 | $ 3.6 Billion |
Global MEP Software Market Sales Revenue 2030 | $ 7.38 Billion |
Global MEP Software Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.4% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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MEP Software Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The mechanical, electrical, and plumbing (MEP) industry needs innovative ERP software to function. Contractors will be able to respond to opportunities more quickly while still adhering to the most recent legal and regulatory guidelines with the use of an ERP for MEP. The business may successfully complete an MEP project on schedule thanks to the excellent project administration and scheduling procedures offered by ERP for MEP sectors. Complex and important tasks including project planning, scheduling, estimating, and execution are made simpler with construction ERP software. Using 3D modeling as a starting point, MEP software enables engineers, designers, and businesses to create mechanical, electrical, and plumbing systems. These technologies streamline and enhance the planning, simulating, and execution of systems that seamlessly integrate with the structure in which they are installed. MEP software enables designers to run incredibly accurate simulations, ensuring that the plant model, the architectural model, and the structural model don't conflict with one another.
Increasing demand for new construction is driving the market of the mechanical, electrical, and plumbing software market
The construction industry is a significant consumer of mining, manufacturing, and various MEP services. It is also regarded as being an essential economic stimulus during a recession. The market is anticipated to produce double-digit growth rates and make a substantial contribution to the recovery of the economy and expansion of the construction sector as a whole. Many construction projects were expedited during COVID-19 in order to take advantage of the lockdown opportunity, which increased revenue. These elements could fuel the market expansion for MEP software.
Comparatively speaking, the construction industry is less digitally advanced than other sectors. It is regularly claimed that large-scale building projects take longer to finish and go over budget. causing contractors to receive lower financial returns. Furthermore, because the construction sector has been unable to adopt procedural and technological developments, lesser digitalization lowers productivity. Therefore, a decrease in the level of digitization restrains the growth of the MEP market.
The COVID-19 pandemic caused supply chain disruptions, which had an effect on the market for MEP software. Lead times have gotten longer for several products as a result of facility closures. However, numerous construction projects have been postponed or abandoned in the current market environment due to the effects of COVID-19 on the businesses and governmental institutions that commissioned them. The development and construction of projects have been permanently changed by technological breakthroughs. Plumbing and mechanical professionals may now produce more complex and collaborative designs in a lot less time. The COVID-19 outbreak has increased the number of businesses adopting and deploying software solutions, despite the fact that these technologies have been on the rise in the construction industry in recent years.
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Global players applying various strategies are also entering into acquisitions and mergers along with other players in the market. Some of the prominent players in the global MEP software market include Exactal, Witas, Stack, Renga Software, Trimble, Nemetschek, On Center Software, MagiCad, Causeway, and ePROMIS Solutions.
For mechanical, electrical, and plumbing (MEP) contractors, Trimble Connect2Fab, a web-based solution within the Trimble Connect collaboration platform, allowed a seamless connection between design and fabrication workflows. Connect2Fab offered unmatched visibility into and control over work packages and spool drawings that are transferred to the fabrication shop and ultimately to the field using an intuitive interface. This enables stakeholders to make data-driven decisions throughout a project's lifecycle and empowers teams to work with the greatest amount of transparency.
The process of sustainable innovation must be transformed in order to collectively construct a sustainable economy, according to Florence Verzelen, executive vice president of industry, marketing, and sustainability at Dassault Systèmes. "Data science experience that combines LCA capabilities with virtual twin technologies provide companies new possibilities to develop by understanding how their decisions affect natural resources, ecosystems, and health, whether in manufacturing, infrastructure, cities, or life sciences.
The construction management tool offered visibility into MEP activities, such as estimating, project management, change management, detailing, and fabrication. Greater efficiency, collaboration, and visibility across projects in the electrical, mechanical, HVAC, and plumbing contractor areas are made possible by project MEP. Project MEP extended construction management workflows with a set of capabilities including estimating, submittal management, and fabrication cooperation. It controlled drawings, documentation, budgets, and field productivity. The system also gives project managers the tools they need to spot problems earlier, cut down on rework, and complete projects more profitably. Project MEP is a feature of Trimble Construction One, a cloud-based construction management platform.
Top Companies Market Share in MEP Software Industry: (In no particular order of Rank)
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North America is expected to dominate the Mechanical, Electrical, and Plumbing (MEP) software market from 2022 to 2031, according to the most recent prediction. Some of the key players are Trimble Inc, Autodesk Inc., and Bentley Systems are responsible for the adoption of the technology pattern. Due to the existence of significant manufacturers and the quick adoption of BIM solutions in the AEC sector, market dynamics in the area are being driven.
The current report Scope analyzes MEP Software Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global MEP Software Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing MEP Software Industry growth. MEP Software market has been segmented with the help of its Type, Application , and others. MEP Software market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The market leader is anticipated to be the BIM MEP category. This BIM program allows engineers to track how changes to the plumbing and electrical systems affect the building's overall energy flow. Engineers are able to concentrate on energy research, solar analysis, and heating and cooling studies for their growing buildings. In the upcoming years, these elements are probably going to encourage market expansion. Modern techniques, such as Building Information Modelling (BIM), are rapidly replacing 2D design development as the industry's new standard. Specialty contractors have started utilizing BIM software more and more in an effort to boost production. The MEP segment of the building industry is essential to a project's overall success. BIM was developed as a tool to make project managers more productive.
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An essential industry that has a big impact on a country's economic development is construction. The government has a keen interest in the investment-driven construction industry. To build infrastructure for the health, transportation, and educational sectors, the government enters into contracts with the construction industry. In the construction industry, finding new clients, bidding against other companies for contracts, and attempting to gain market share are frequent activities. Construction companies can interact with new clients through marketing, set themselves out from competitors, and expand their clientele.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global MEP Software Market is witnessing significant growth in the near future.
In 2023, the BIM MEP Software segment accounted for noticeable share of global MEP Software Market and is projected to experience significant growth in the near future.
The Construction Industry segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies MagiCAD, Trimble and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | BIM MEP Software, CAD MEP Software |
Application | Construction Industry, Electrical Industry, Mechanical Engineering, Plumbing Industry, Others |
List of Competitors | MagiCAD, Autodesk, Trimble, Nemetschek, Bentley Systems, COINS Global, eVolve MEP, Witas, Exactal, On Center Software, Design Master Software, Stack, Causeway, progeCAD, ePROMIS Solutions, Renga Software |
This chapter will help you gain GLOBAL Market Analysis of MEP Software. Further deep in this chapter, you will be able to review Global MEP Software Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global MEP Software market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why BIM MEP Software have a significant impact on MEP Software market? |
What are the key factors affecting the BIM MEP Software and CAD MEP Software of MEP Software Market? |
What is the CAGR/Growth Rate of Construction Industry during the forecast period? |
By type, which segment accounted for largest share of the global MEP Software Market? |
Which region is expected to dominate the global MEP Software Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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