APRIL 2024CONSTRUCTIONBUSINESSREVIEW.COM6In the construction and infrastructure development space, Mechanical, Electrical, and Plumbing (MEP) systems play a crucial role in ensuring the smooth and efficient functioning of buildings. Cloud-based MEP solutions have emerged as game-changers, offering remote access, real-time monitoring, and data-driven insights. These advancements enhance operational efficiency and enable predictive maintenance, ultimately reducing downtime and overall lifecycle costs. With technology becoming increasingly central to modern construction, MEP solutions are leading the way, revolutionizing how buildings are designed, operated, and maintained. Businesses are realizing the imperative need to integrate smart technologies into MEP systems, not just for compliance but as a strategic move toward resource conservation and operational optimization. The global MEP services market was valued at USD 44.75 billion in 2023 and is anticipated to experience robust growth in the forecast period with a CAGR of 9.66 percent through 2029. This surge is driven by the ongoing trend of increasing urbanization and a rise in construction activities worldwide. The construction of high-rise buildings, smart cities, and various urban projects necessitates deploying MEP services for the efficient functioning of these structures.This edition of Construction Business Review Canada features a thought-leadership article from Todd Mercer, senior vice president at Webcor. He highlights how emerging construction technologies have the potential to radically transform the building process and enhance the performance of delivered structures. The edition also sheds light on insights from Jake Snyder, director of preconstruction at Hoar Construction, who emphasizes that early collaboration is crucial when considering modular construction in upcoming projects. Bringing together the contractor, design teams, and relevant trades at the outset can facilitate consensus on shared objectives, formulate suitable plans, and guarantee the project's success.We hope this edition helps you find Top MEP Services Providers in Canada 2024, that can effectively meet your project goals. Let us know your thoughts!Future-Proofing Infrastructure EDITORIALCopyright © 2024 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffDavid VincentFred SmithKevin DavisFredrick GallowayJames FerrerRose D. WilsonManaging EditorRobert MathewsVisualizersHenry SmithJames D. PhillipsEmail:sales@constructionbusinessreview.comeditor@constructionbusinessreview.commarketing@constructionbusinessreview.com April - 20 - 2024, Vol 04 Issue 04 (ISSN 2835-9429)Published by ValleyMedia, Inc.To subscribe to Construction Business ReviewVisit www.constructionbusinessreview.com Robert MathewsManaging Editoreditor@constructionbusinessreview.comDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
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