OCTOMBERASIA BUSINESS OUTLOOK19MEP CONSULTANCYFIRMS FROM ASIA - 2022 TOP 10In the recent years, with affluent investments and government's significant initiatives in the construction and infrastructure sector, the commercial, industrial, government, and residential buildings have witnessed a huge growth in the numbers. Positively, this growth has dynamically led to the burgeoning of the mechanical, electrical, and plumbing (MEP) services market as well, since the MEP industry plays a vital role in managing a building's MEP system. According to Research and Markets report, amid the COVID-19 crisis, while the global market for MEP services was valued at $503.5 million in the year 2020, it is projected to reach a revised size of $713.9 million by 2027, growing at a CAGR of 5.1 percent over the forecast period. However, COVID-19 did bring about a turmoil in the industry, with construction sector facing bans to work during lockdowns, but the industry has stood up right recovering from the losses. Moreover, despite economic challenges posed by the COVID pandemic, the Asia Pacific construction industry also grew notably in 2021. Further, with construction sector remaining strong in the region, noteworthy demands from residential and commercial space construction in big economies is set to augment this trend and keep the MEP market expanding consecutively. In a clear context, for any construction or renovation project work, an MEP consulting firm is just as important as an architect or a builder, as they comprehend the key requirements of construction-related projects. Well, there are many well-looked after MEP Consultancy firms existing across Asia who are leveraging their dexterity in the domain to help clients with MEP services, and the market is set to witness continuous growth. However, choosing some of the best MEP Consultancy Firms can really get tricky for many out there.Thence, making it easy, Asia Business Outlook in this issue presents a list of 'Top 10 MEP Consultancy Firms from Asia ­ 2022' who have leveraged their extensive industry expertise and experience in leveraging efficient MEP consulting services to the market. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable services.
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