The Global Building Equipment Contractors Market Report by The Business Research Company covers building equipment contractors market drivers and restraints, building equipment contractors market size, major players, and the impact of COVID-19 on the building equipment contractors market.
The building equipment contractors market consists of sales of building equipment contractors services and related goods by entities (organizations, sole traders and partnerships) that install or service equipment that forms part of a building’s mechanical system (e.g., electricity, water, heating, and cooling). The work performed may include new work, additions, alterations, maintenance, and repairs. The sales revenues of contractors installing specialized building equipment, such as elevators, escalators, service station equipment, and central vacuum cleaning systems, are also included.
A rapidly growing urban population is expected to increase the demand for new residential and commercial buildings, during the forecast period. The global building equipment contractors’ market is expected to grow from $1744.65 billion in 2020 to $1914.24 billion in 2021 at a compound annual growth rate (CAGR) of 9.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2426.11 billion in 2025 at a CAGR of 6%.
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Some building equipment contractors market trends include smart wearable. It is being used by supervisors for monitoring operations. Wearable technology in the construction industry will not only have value for workers but can also enhance a company’s ability to manage safety.
Global building equipment contractors market segments include:
1) By Type: Electrical Contractors And Other Wiring Installation Contractors, Plumbing, Heating And Air-Conditioning Contractors, Other Building Equipment Contractors.
2) By Application: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Others.
3) By Service Provider: Large Chain Companies, Independent Contractors.
4) By Mode: Online, Offline.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific accounts for the largest global building equipment contractors market share.
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The Building Equipment Contractors Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides building equipment contractors market overviews, analyzes and forecasts market size, share, building equipment contractors market players, building equipment contractors market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The building equipment contractors market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Building Equipment Contractors Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Bergelectric, EMCOR Group, IES Holdings, ARS/Rescue Rooter, Comfort Systems
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Building Equipment Contractors Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Building Equipment Contractors Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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