Global Building Equipment Contractors Market Opportunities – Including Construction Industry
The Business Research Company’s report goes into great detail on the building equipment contractors market size and growth, building equipment contractors market regional analysis, building equipment contractors market competitive landscape, and other critical information needed to excel in the building equipment contractors industry.
Major players in the building equipment contractors market include KONE Corporation, Comfort Systems USA, Inc., Balfour Beatty plc, Fletcher Building Ltd., Vinci SA.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global building equipment contractors market is expected to grow from $2504.93 billion in 2021 to $2795.71 billion in 2022 at a compound annual growth rate (CAGR) of 11.6%. The growth in the building equipment contractors market 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 building equipment contractors market is expected to reach $4171.57 billion in 2026 at a CAGR of 10.5%.
Asia Pacific was the largest region in the building equipment contractors market in 2021.
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.
A rapidly growing urban population is expected to increase the demand for new residential and commercial buildings, during the forecast period.
Smart wearables are 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 wearables like the smart cap, badges, and biosensors evaluate real-time data like location, impact, motion, temperature, and vital signs.
TBRC’s Global Building Equipment Contractors Market Report Is Segmented:
By Type: Electrical Contractors And Other Wiring Installation Contractors, Plumbing, Heating And Air-Conditioning Contractors, Other Building Equipment Contractors
By Application: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Others
By Service Provider: Large Chain Companies, Independent Contractors
By Mode: Online, Offline
The Building Equipment Contractors Global Market Report 2022- Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides an overview of the building equipment contractors market globally and regionally, analyzes and forecasts market size, share, building equipment contractors market players, building equipment contractors market segments, leading competitor revenues, profiles and market shares.
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