Building Equipment Contractors Global Market Report 2022 Featuring Major Players – KONE, Comfort Systems USA., Balfour Beatty, Fletcher Building, & Vinci SA – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Building Equipment Contractors Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering.
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 market is expected to reach $4171.57 billion in 2026 at a CAGR of 10.5%.
Major companies in the market include KONE Corporation, Comfort Systems USA Inc., Balfour Beatty plc, Fletcher Building Ltd., Vinci SA.
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.
Asia Pacific was the largest region in the building equipment contractors market in 2021. North America was the second-largest region in the building equipment contractors market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
A rapidly growing urban population is expected to increase the demand for new residential and commercial buildings, during the forecast period. According to the UN World Urbanization Prospects report, globally it is projected that more than two-thirds (60%) of the world’s population will be living in cities by 2050.
For instance, large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam and the Philippines which are becoming increasingly popular for export-oriented manufacturing. According to the World Bank, urban population in South Asia is expected to grow by 250 million by 2030. This rapid urbanization is expected to boost the demand for new infrastructure and drives the building equipment contractors market during the forecasted period.
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.
Microsoft’s device, HoloLens, allows users to use augmented or mixed reality on the job site. Users can overlay 3D building plans over a site. The plans are to scale so project managers can actually see how things will work and fit on the site, reducing the rework requirement.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Building Equipment Contractors Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Building Equipment Contractors Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Building Equipment Contractors Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Building Equipment Contractors Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Building Equipment Contractors Market Trends And Strategies
8. Impact Of COVID-19 On Building Equipment Contractors
9. Building Equipment Contractors Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Building Equipment Contractors Market Regional Analysis
10.1. Global Building Equipment Contractors Market, 2021, By Region, Value ($ Billion)
10.2. Global Building Equipment Contractors Market, 2016-2021, 2021-2026F, 2031F, Historic And Forecast, By Region
10.3. Global Building Equipment Contractors Market, Growth And Market Share Comparison, By Region
11. Building Equipment Contractors Market Segmentation
11.1. Global Building Equipment Contractors Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Electrical Contractors And Other Wiring Installation Contractors
- Plumbing, Heating And Air-Conditioning Contractors
- Other Building Equipment Contractors
11.2. Global Building Equipment Contractors Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Residential Building Construction
- Nonresidential Building Construction
- Utility System Construction
- Others
11.3. Global Building Equipment Contractors Market, Segmentation By Service Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Large Chain Companies
- Independent Contractors
11.4. Global Building Equipment Contractors Market, Segmentation By Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Online
- Offline
12. Building Equipment Contractors Market Metrics
12.1. Building Equipment Contractors Market Size, Percentage Of GDP, 2016-2026, Global
12.2. Per Capita Average Building Equipment Contractors Market Expenditure, 2016-2026, Global
Companies Mentioned
- KONE Corporation
- Comfort Systems USA, Inc.
- Balfour Beatty plc
- Fletcher Building Ltd.
- Vinci SA
- Mitsubishi Electric Corp.
- Morgan Sindall Group plc
- Integrated Electrical Services, Inc.
- Astaldi S.p.A.
For more information about this report visit https://www.researchandmarkets.com/r/u1e9ha
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