Learn about the global building equipment contractors market through The Business Research Company, which provides information on building equipment contractors market size, building equipment contractors market drivers and restraints, building equipment contractors market players, the COVID-19 impact on the building equipment contractors market, and more.

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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%.

The rapid urbanization is expected to boost the demand for new infrastructure and drives the building equipment contractors market during the forecasted period.

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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.

Global building equipment contractor market segments include:

By Type: Electrical Contractors And Other Wiring Installation Contractors, Plumbing, Heating And Air-Conditioning Contractors, Other Building Equipment Contractors

By Application: Residential Building Construction, Non-residential Building Construction, Utility System Construction, Others

By Service Provider: Large Chain Companies, Independent Contractors

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 was the largest region in the global building equipment contractors market, accounting for 39% of the market in 2020.

Smart wearable is paving their way into the building equipment contractors market and are 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. Wearable are devices that generally include a computer or electronic device, worn on the body, personal protective equipment, or clothing. Sensing wearable like the smart cap, badges, and biosensors evaluate real-time data like location, impact, motion, temperature, and vital signs.

TBRC’s building equipment contractors market report covers:

Major Market Players: 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)

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, analyses and forecasts market size, share, building equipment contractors market players, building equipment contractors market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s 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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