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MEP Software Market Report Scope & Overview:

The MEP Software Market size was USD 1520.123 Million in 2023 and is expected to Reach USD 3306.2 Million by 2031 and grow at a CAGR of 10.2% over the forecast period of 2024-2031.

MEP software, or mechanical, electrical, and plumbing software, is a type of software used by engineers, designers, and contractors to design, model, and document mechanical, electrical, and plumbing systems in buildings. It is used to create 3D models of these systems, which can be used to simulate their performance and to generate construction drawings. MEP software can be used for a variety of purposes like Renovating existing buildings, troubleshooting problems with mechanical, electrical, and plumbing systems, Training new engineers and technicians. The segment dominating the MEP software market in 2022 is the building design segment. This is due to the increasing demand for new buildings and the need for more efficient and accurate design tools. The construction documentation segment is also growing rapidly, as more and more projects are requiring digital documentation. The MEP software market is expected to continue to grow in the coming years, driven by the increasing demand for new buildings and the need for more efficient and accurate design tools.

MEP Software Market Revenue  Analysis

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MARKET DYNAMICS

KEY DRIVERS

  • Increasing demand for sustainable buildings

  • The construction industry is growing rapidly, especially in developing countries. This is creating a demand for MEP software to help with the design, construction, and maintenance of buildings.

There is a growing demand for sustainable buildings that are energy-efficient and environmentally friendly. MEP software can help architects and engineers design and build these types of buildings.

RESTRAIN

  • Security and privacy concerns

  •  MEP software often contains sensitive data, such as building plans and schematics. This data needs to be protected from unauthorized access and use.

OPPORTUNITY

  • Integration with other software

  • Cloud-based MEP software solutions are becoming increasingly popular. These solutions offer a number of advantages, such as scalability, flexibility, and cost-effectiveness.

 MEP software is increasingly being integrated with other software, such as BIM and CAD software. This allows engineers and architects to have a more holistic view of the building design process.

CHALLENGES

  • Lack of standardization

 There is no single standard for MEP software, which can make it difficult for businesses to exchange data between different software platforms.

IMPACT OF RUSSIAN UKRAINE WAR

The war has disrupted supply chains and made it more difficult for MEP software companies to get the components they need to develop and sell their products. This has led to delays in product releases and higher prices for MEP software. The war has also caused a decline in investment in the construction industry, the study projects that the market will grow at a compound annual growth rate (CAGR) of 7.3% from 2022 to 2028. However, the war in Ukraine is expected to have a negative impact on the market, and the CAGR is expected to be lower than the projected 7.3%. which has led to a slowdown in demand for MEP software. Autodesk has suspended all sales and services in Russia and Belarus. Bentley Systems has suspended all new sales and marketing activities in Russia and Belarus. In addition, the war has led to an increase in cyber-attacks, which has made businesses more reluctant to share sensitive data with MEP software companies.

IMPACT OF ONGOING RECESSION

The ongoing recession is having a significant impact on the MEP software market.  Sales of MEP software are expected to decline by 5% in 2023, The number of layoffs in the MEP software industry is expected to increase by 10%, and The average salary for MEP software engineers is expected to decrease by 2%. some changes that are occurring in the MEP software market as a result of the recession A focus on more affordable and scalable solutions, A greater emphasis on cloud-based solutions, A need for more integrated solutions that can help businesses save time and money. The MEP software market is expected to recover from the recession in the coming years. However, the market is likely to be smaller and more competitive than it was before the recession. Businesses in the MEP software market need to adapt to the changing landscape in order to survive and thrive.

KEY MARKET SEGMENTATION

By Software

  • BIM MEP Software

  • CAD MEP Software 

By Application

  • Mechanical

  • Electrical

  • Plumbing

By Services

  • Advice

  • Engineering

  • Maintenance

  • Support

  • System integration

REGIONAL ANALYSIS

North America is the largest market for MEP software, accounting for 35% of the global market share. The United States is the largest market in North America, followed by Canada. The growth of the MEP software market in North America is driven by the increasing demand for sustainable buildings, the growth of the construction industry, and the adoption of BIM Building Information Modelling technology. The United States is the largest market for MEP software in North America. The growth of the MEP software market in the United States is driven by the increasing demand for sustainable buildings, the growth of the construction industry, and the adoption of BIM technology. The major players in the US MEP software market are Autodesk, Bentley Systems, and Siemens.

Asia Pacific is the second-largest market for MEP software, accounting for 25% of the global market share. China is the largest market in the Asia Pacific, followed by India and Japan. The growth of the MEP software market in Asia Pacific is driven by rapid urbanization, the growth of the construction industry, and the increasing government investment in infrastructure projects. China is the largest market for MEP software in the Asia Pacific. The growth of the MEP software market in China is driven by rapid urbanization, the growth of the construction industry, and the increasing government investment in infrastructure projects. The major players in the Chinese MEP software market are Neusoft, AVEVA, and GstarCAD.

MEP-Software-Market-By-Region

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Region Coverage:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

KEY PLAYERS

The major players in the MEP Software Market are Ecolab, Inc., EMCOR Group, Inc., Global Facility Solutions Inc., Assurance Facility Management, Camelot Facility & Property Management, Caravan Facilities Management, Choice Facility Services & Construction, Continuum Services, Crockett Facilities Services, Inc., and other players.

Ecolab, Inc-Company Financial Analysis

Company Landscape Analysis

RECENT DEVELOPMENTS

Trimble:

In March 8, 2023, Trimble released SysQue. This release includes a number of new features and improvements for MEP engineers, such as a new clash detection engine, a new 3D printing module, and a new BIM collaboration tool.

Dassault Systèmes:

In January 17, 2023, Dassault Systèmes released 3DEXPERIENCE 2023 R1. This release includes a number of new features and improvements for MEP engineers, such as a new cloud-based collaboration platform, a new augmented reality tool, and a new sustainability analysis tool.

MEP Software Market Report Scope:

Report Attributes Details
Market Size in 2023  US$ 1520.123 Million
Market Size by 2031  US$ 3306.2 Million
CAGR   CAGR of 10.2% From 2024 to 2031
Base Year  2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Software (BIM MEP Software, CAD MEP Software)
• By Application (Mechanical, Electrical, Plumbing)
• By Services (Advice, engineering, Maintenance, support, System integration)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Ecolab, Inc., EMCOR Group, Inc., Global Facility Solutions Inc., Assurance Facility Management, Camelot Facility & Property Management, Caravan Facilities Management, Choice Facility Services & Construction, Continuum Services, Crockett Facilities Services, Inc.
Key Drivers • Increasing demand for sustainable buildings
• The construction industry is growing rapidly, especially in developing countries. This is creating a demand for MEP software to help with the design, construction, and maintenance of buildings.
Market Challenges • Lack of standardization

 

Frequently Asked Questions

Ans. The Compound Annual Growth rate for MEP Software Market over the forecast period is 7.2 %.

Ans. USD 6.27 Billion is the Company's projected MEP Software Market size by 2030.

Ans. The MEP software market refers to the market for software solutions that are used in the mechanical, electrical, and plumbing (MEP) industry. These solutions are designed to help engineers, architects, and contractors to design, model, and simulate MEP systems.

Ans. The MEP software market is expected to grow due to the increasing demand for energy-efficient buildings, the growing adoption of building information modelling (BIM) software, and the increasing use of cloud-based solutions.

Ans. MEP software solutions offer several benefits, including improved accuracy and efficiency in designing and modeming MEP systems, reduced errors and rework, improved collaboration among project stakeholders, and faster project delivery.

TABLE OF CONTENTS

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Recession
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. MEP Software Market Segmentation, by Software
8.1 BIM MEP Software
8.2 CAD MEP Software

9. MEP Software Market Segmentation, by Application
9.1 Mechanical
9.2 Electrical
9.3 Plumbing

10. MEP Software Market Segmentation, by Services
10.1 Advice
10.2 Engineering
10.3 Maintenance
10.4 Support
10.5 System integration

11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America MEP Software Market by country
11.2.2 North America MEP Software Market by Software
11.2.3 North America MEP Software Market by Application
11.2.4 North America MEP Software Market by Services
11.2.5 USA
11.2.5.1 USA MEP Software Market by Software
11.2.5.2 USA MEP Software Market by Application
11.2.5.3 USA MEP Software Market by Services
11.2.6 Canada
11.2.6.1 Canada MEP Software Market by Software
11.2.6.2 Canada MEP Software Market by Application
11.2.6.3 Canada MEP Software Market by Services
11.2.7 Mexico
11.2.7.1 Mexico MEP Software Market by Software
11.2.7.2 Mexico MEP Software Market by Application
11.2.7.3 Mexico MEP Software Market by Services
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe MEP Software Market by country
11.3.1.2 Eastern Europe MEP Software Market by Software
11.3.1.3 Eastern Europe MEP Software Market by Application
11.3.1.4 Eastern Europe MEP Software Market by Services
11.3.1.5 Poland
11.3.1.5.1 Poland MEP Software Market by Software
11.3.1.5.2 Poland MEP Software Market by Application
11.3.1.5.3 Poland MEP Software Market by Services
11.3.1.6 Romania
11.3.1.6.1 Romania MEP Software Market by Software
11.3.1.6.2 Romania MEP Software Market by Application
11.3.1.6.4 Romania MEP Software Market by Services
11.3.1.7 Turkey
11.3.1.7.1 Turkey MEP Software Market by Software
11.3.1.7.2 Turkey MEP Software Market by Application
11.3.1.7.3 Turkey MEP Software Market by Services
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe MEP Software Market by Software
11.3.1.8.2 Rest of Eastern Europe MEP Software Market by Application
11.3.1.8.3 Rest of Eastern Europe MEP Software Market by Services
11.3.2 Western Europe
11.3.2.1 Western Europe MEP Software Market by Software
11.3.2.2 Western Europe MEP Software Market by Application
11.3.2.3 Western Europe MEP Software Market by Services
11.3.2.4 Germany
11.3.2.4.1 Germany MEP Software Market by Software
11.3.2.4.2 Germany MEP Software Market by Application
11.3.2.4.3 Germany MEP Software Market by Services
11.3.2.5 France
11.3.2.5.1 France MEP Software Market by Software
11.3.2.5.2 France MEP Software Market by Application
11.3.2.5.3 France MEP Software Market by Services
11.3.2.6 UK
11.3.2.6.1 UK MEP Software Market by Software
11.3.2.6.2 UK MEP Software Market by Application
11.3.2.6.3 UK MEP Software Market by Services
11.3.2.7 Italy
11.3.2.7.1 Italy MEP Software Market by Software
11.3.2.7.2 Italy MEP Software Market by Application
11.3.2.7.3 Italy MEP Software Market by Services
11.3.2.8 Spain
11.3.2.8.1 Spain MEP Software Market by Software
11.3.2.8.2 Spain MEP Software Market by Application
11.3.2.8.3 Spain MEP Software Market by Services
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands MEP Software Market by Software
11.3.2.9.2 Netherlands MEP Software Market by Application
11.3.2.9.3 Netherlands MEP Software Market by Services
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland MEP Software Market by Software
11.3.2.10.2 Switzerland MEP Software Market by Application
11.3.2.10.3 Switzerland MEP Software Market by Services
11.3.2.11.1 Austria
11.3.2.11.2 Austria MEP Software Market by Software
11.3.2.11.3 Austria MEP Software Market by Application
11.3.2.11.4 Austria MEP Software Market by Services
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe MEP Software Market by Software
11.3.2.12.2 Rest of Western Europe MEP Software Market by Application
11.3.2.12.3 Rest of Western Europe MEP Software Market by Services
11.4 Asia-Pacific
11.4.1 Asia-Pacific MEP Software Market by Country
11.4.2 Asia-Pacific MEP Software Market by Software
11.4.3 Asia-Pacific MEP Software Market by Application
11.4.4 Asia-Pacific MEP Software Market by Services
11.4.5 China
11.4.5.1 China MEP Software Market by Software
11.4.5.2 China MEP Software Market by Application
11.4.5.3 China MEP Software Market by Services
11.4.6 India
11.4.6.1 India MEP Software Market by Software
11.4.6.2 India MEP Software Market by Application
11.4.6.3 India MEP Software Market by Services
11.4.7 Japan
11.4.7.1 Japan MEP Software Market by Software
11.4.7.2 Japan MEP Software Market by Application
11.4.7.3 Japan MEP Software Market by Services
11.4.8 South Korea
11.4.8.1 South Korea MEP Software Market by Software
11.4.8.2 South Korea MEP Software Market by Application
11.4.8.3 South Korea MEP Software Market by Services
11.4.9 Vietnam
11.4.9.1 Vietnam MEP Software Market by Software
11.4.9.2 Vietnam MEP Software Market by Application
11.4.9.3 Vietnam MEP Software Market by Services
11.4.10 Singapore
11.4.10.1 Singapore MEP Software Market by Software
11.4.10.2 Singapore MEP Software Market by Application
11.4.10.3 Singapore MEP Software Market by Services
11.4.11 Australia
11.4.11.1 Australia MEP Software Market by Software
11.4.11.2 Australia MEP Software Market by Application
11.4.11.3 Australia MEP Software Market by Services
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific MEP Software Market by Software
11.4.12.2 Rest of Asia-Pacific MEP Software Market by Application
11.4.12.3 Rest of Asia-Pacific MEP Software Market by Services
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East MEP Software Market by Country
11.5.1.2 Middle East MEP Software Market by Software
11.5.1.3 Middle East MEP Software Market by Application
11.5.1.4 Middle East MEP Software Market by Services
11.5.1.5 UAE
11.5.1.5.1 UAE MEP Software Market by Software
11.5.1.5.2 UAE MEP Software Market by Application
11.5.1.5.3 UAE MEP Software Market by Services
11.5.1.6 Egypt
11.5.1.6.1 Egypt MEP Software Market by Software
11.5.1.6.2 Egypt MEP Software Market by Application
11.5.1.6.3 Egypt MEP Software Market by Services
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia MEP Software Market by Software
11.5.1.7.2 Saudi Arabia MEP Software Market by Application
11.5.1.7.3 Saudi Arabia MEP Software Market by Services
11.5.1.8 Qatar
11.5.1.8.1 Qatar MEP Software Market by Software
11.5.1.8.2 Qatar MEP Software Market by Application
11.5.1.8.3 Qatar MEP Software Market by Services
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East MEP Software Market by Software
11.5.1.9.2 Rest of Middle East MEP Software Market by Application
11.5.1.9.3 Rest of Middle East MEP Software Market by Services
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa MEP Software Market by Software
11.5.2.3 Africa MEP Software Market by Application
11.5.2.4 Africa MEP Software Market by Services
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria MEP Software Market by Software
11.5.2.5.2 Nigeria MEP Software Market by Application
11.5.2.5.3 Nigeria MEP Software Market by Services
11.5.2.6 South Africa
11.5.2.6.1 South Africa MEP Software Market by Software
11.5.2.6.2 South Africa MEP Software Market by Application
11.5.2.6.3 South Africa MEP Software Market by Services
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa MEP Software Market by Software
11.5.2.7.2 Rest of Africa MEP Software Market by Application
11.5.2.7.3 Rest of Africa MEP Software Market by Services
11.6 Latin America
11.6.1 Latin America MEP Software Market by Country
11.6.2 Latin America MEP Software Market by Software
11.6.3 Latin America MEP Software Market by Application
11.6.4 Latin America MEP Software Market by Services
11.6.5 Brazil
11.6.5.1 Brazil Alternative Data by Data Type
11.6.5.2 Brazil Alternative Data by Application
11.6.5.3 Brazil Alternative Data by Services
11.6.6 Argentina
11.6.6.1 Argentina Alternative Data by Data Type
11.6.6.2 Argentina Alternative Data by Application
11.6.6.3 Argentina Alternative Data by Services
11.6.7 Colombia
11.6.7.1 Colombia Alternative Data by Data Type
11.6.7.2 Colombia Alternative Data by Application
11.6.7.3 Colombia Alternative Data by Services
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Alternative Data by Data Type
11.6.8.2 Rest of Latin America Alternative Data by Application
11.6.8.3 Rest of Latin America Alternative Data by Services

12 Company profile
12.1 Ecolab, Inc.
12.1.1 Company Overview
12.1.2 Financials
12.1.3Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 EMCOR Group, Inc.
12.2.1 Company Overview
12.2.2 Financials
12.2.3Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Global Facility Solutions Inc.
12.3.1 Company Overview
12.3.2 Financials
12.3.3Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Assurance Facility Management
12.4.1 Company Overview
12.4.2 Financials
12.4.3Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Camelot Facility & Property Management
12.5.1 Company Overview
12.5.2 Financials
12.5.3Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Caravan Facilities Management
12.6.1 Company Overview
12.6.2 Financials
12.6.3Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Choice Facility Services & Construction
12.7.1 Company Overview
12.7.2 Financials
12.7.3Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Continuum Services
12.8.1 Company Overview
12.8.2 Financial
12.8.3Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Crockett Facilities Services, Inc.
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Service/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Dohn Engineering PLC
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Service/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View

13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Company Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions

14. USE Cases and Best Practices

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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Primary Research

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Data Bank Validation

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