MEP Software Market

Global MEP Software Market Size, Share & Trends Analysis Report By Component (Software, and Service), By Application (Mechanical, Electrical, and Plumbing), By Deployment (Cloud, and On-Premise), By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-26702 Publication Date: January-2025 Number of Pages: 180
2023
USD 3.82 Billion
2031
USD 7.38 Billion
CAGR
8.7%
Historical Data
2020 to 2022

“Global MEP Software Market to reach a market value of USD 7.38 Billion by 2031 growing at a CAGR of 8.7%”

Analysis of Market Size & Trends

The Global MEP Software Market size is expected to reach $7.38 billion by 2031, rising at a market growth of 8.7% CAGR during the forecast period.

As global focus shifts towards sustainable water management, smart plumbing systems, and efficient water usage, MEP software solutions tailored for plumbing applications have gained traction.  Hence, in 2023, the plumbing segment held 23% revenue share in the market. Plumbing systems, which include water supply, drainage, and waste management, are essential for ensuring the functionality and hygiene of buildings. These solutions help optimize system designs, ensure regulation compliance, and maintain operational efficiency, contributing to the segment’s promising growth.

MEP Software Market Size - Global Opportunities and Trends Analysis Report 2020-2031

The growing demand for BIM-compatible MEP software is expected to increase as more construction projects adopt BIM as a standard. The software’s ability to automate complex calculations, simulate system performance, and facilitate collaboration across the project lifecycle makes it indispensable. As the construction industry becomes more reliant on BIM technology to improve efficiency and reduce costs, MEP software providers will continue to develop innovative solutions that further enhance the integration and functionality of BIM within the industry. Additionally, the integration of energy-efficient technologies within buildings not only supports environmental goals but also provides economic benefits. Building owners can reduce utility costs by improving energy performance and attracting tenants or buyers who value sustainability. MEP software developers are capitalizing on this demand by offering solutions that enhance energy modelling capabilities, allowing engineers to explore different system configurations and optimize designs for energy efficiency, thus ensuring that the software remains relevant in an increasingly eco-conscious market. In conclusion, growing demand for energy-efficient building solutions and the growing demand for energy-efficient building solutions propels the market's growth.

However, the long-term benefits of MEP software, such as improved efficiency, reduced errors, and better compliance with regulations, can often justify the initial investment. However, for businesses that are focused on short-term financial goals or are operating under tight budget constraints, the perceived high cost can be a significant restraint. Overcoming this barrier requires demonstrating the return on investment (ROI) and offering flexible pricing models or financing options to make the software more accessible to a wider range of companies. Hence, high initial investment and implementation costs impede the market's growth.

MEP Software Market Share 2023

The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.

Driving and Restraining Factors
MEP Software Market
  • Increasing Adoption of Building Information Modelling (BIM) Technology
  • Growing Demand for Energy-Efficient Building Solutions
  • Rise in Urbanization and Infrastructure Expansion Worldwide
  • High Initial Investment and Implementation Costs
  • Data Security and Privacy Concerns in Cloud-Based MEP Solutions
  • Rise in Smart Buildings and IoT Integration
  • Opportunities in the Renewable Energy and Sustainability Sectors
  • Complexity of Software Integration with Existing Systems
  • Frequent Software Updates and Maintenance Requirements

Deployment Outlook

On the basis of deployment, the market is segmented into cloud and on-premise. In 2023, the cloud segment attained 53% revenue share in the market. The growing digital transformation trend and the increasing demand for real-time collaboration across geographically dispersed teams have made cloud-based MEP software increasingly popular. Cloud solutions offer advantages such as easier access from multiple locations, lower upfront costs, and the ability to scale resources according to project needs. These benefits have particularly appealed to small and medium-sized enterprises (SMEs) and companies looking for more efficient ways to manage their MEP workflows without significant infrastructure investments.

Application Outlook

By application, the market is divided into mechanical, electrical, and plumbing. The electrical segment procured 36% revenue share in the market in 2023. Electrical systems encompass power distribution, lighting design, and other infrastructure fundamental to operating residential, commercial, and industrial facilities. The increased complexity of electrical systems, driven by advancements in automation, renewable energy integration, and smart building technologies, has spurred demand for specialized software solutions for better planning, design, and maintenance. This trend has led to the electrical segment’s strong performance within the MEP software market.

MEP Software Market Share and Industry Analysis Report 2023

Component Outlook

Based on component, the market is divided into software and service. In 2023, the software segment garnered 62% revenue share in the market. This can be attributed to the increasing demand for advanced software solutions that enable more efficient design, simulation, and management of MEP systems across various industries, including construction, real estate, and facility management. As the complexity of MEP projects grows, organizations are increasingly turning to specialized software to streamline workflows, improve accuracy, and reduce costs. Adopting Building Information Modeling (BIM) tools and 3D modeling software in MEP design has also contributed to the software segment’s dominance, as these technologies allow for greater integration and collaboration between different disciplines within construction projects.

Free Valuable Insights: Global MEP Software Market size to reach USD 7.38 Billion by 2031

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 38% revenue share in the market in 2023. This can be attributed to the high adoption rate of advanced technologies, increased investments in construction and infrastructure projects, and many established players in the market. The growing demand for automation in construction processes, regulatory compliance, and energy-efficient building designs further boosted the demand for MEP software.

MEP Software Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 3.82 Billion
Market size forecast in 2031 USD 7.38 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 8.7% from 2024 to 2031
Number of Pages 180
Number of Tables 330
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Component, Application, Deployment, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (Japan, China, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included

Access Technology Group Limited, Trimble, Inc., ProgeSOFT SA, MagiCAD Group Oy, Renga Software LLC, ePROMIS Solutions, ACCA software S.p.A., RIB Software GmbH (Schneider Electric Investment AG), Autodesk, Inc., On Center Software, Inc. (Roper Technologies, Inc.)`

Need a report that reflects how COVID-19 has impacted this market and its growth? Download Free Sample Now

List of Key Companies Profiled

  • Access Technology Group Limited
  • Trimble, Inc.
  • ProgeSOFT SA
  • MagiCAD Group Oy
  • Renga Software LLC
  • ePROMIS Solutions
  • ACCA software S.p.A.
  • RIB Software GmbH (Schneider Electric Investment AG)
  • Autodesk, Inc.
  • On Center Software, Inc. (Roper Technologies, Inc.)

MEP Software Market Report Segmentation

By Component

  • Software
  • Service

By Application

  • Mechanical
  • Electrical
  • Plumbing

By Deployment

  • Cloud
  • On-Premise

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA
HAVE A QUESTION?

HAVE A QUESTION?

Call: +1(646) 600-5072

SPECIAL PRICING & DISCOUNTS


  • Buy Sections of This Report
  • Buy Country Level Reports
  • Request for Historical Data
  • Discounts Available for Start-Ups & Universities

Unique Offerings Unique Offerings


  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Support with 10% customization free after sale

Trusted by over
5000+ clients

Our team of dedicated experts can provide you with attractive expansion opportunities for your business.

Client Logo