Global Building Equipment Contractors Market Data 2024, Forecast To 2033
9 Jan, 2024
Demonstrating strength, the building equipment contractors market is projected to rise from $2804.37 billion in 2023 to $2988.8 billion in 2024, boasting a CAGR of 6.6%. The historical upswing results from construction industry growth, urbanization, and government investments. Future growth, expected at $3942.83 billion by 2028, will be fueled by sustainable building practices, smart technologies, and infrastructure upgrades.
Global Building Equipment Contractors Market Key Driver
The demand for new residential and commercial buildings is expected to rise with the rapidly growing urban population. The UN World Urbanization Prospects report projects over two-thirds of the global population living in cities by 2050. Opportunities in Asian countries like Indonesia and Vietnam are increasing, and the World Bank predicts a 250 million growth in South Asia's urban population by 2030. Rapid urbanization is set to drive the building equipment contractor market.
Get A Free Sample Of The Global Building Equipment Contractors Market ReportGlobal Building Equipment Contractors Market Segments
The building equipment contractors market covered in this report is segmented –
1) By Type: Electrical Contractors And Other Wiring Installation Contractors, Plumbing, Heating And Air-Conditioning Contractors, Other Building Equipment Contractors
2) By Service Provider: Large Chain Companies, Independent Contractors
3) By Mode: Online, Offline
4) By Application: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Other Applications
By Geography: The regions covered in the building equipment contractors market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the building equipment contractors market in 2023. North America was the second-largest region in the building equipment contractors market. The regions covered in the building equipment contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Building Equipment Contractors Industry Players
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., Johnson Controls International plc, Honeywell International Inc., Siemens AG, Schneider Electric SE, United Technologies Corporation, Ingersoll-Rand plc, Carrier Global Corporation, Daikin Industries Ltd., LG Electronics Inc., Trane Technologies plc, Lennox International Inc., Rheem Manufacturing Company, Goodman Manufacturing Company L.P., York International Corporation, American Standard Companies Inc., A.O. Smith Corporation, Bradford White Corporation, Navien Inc., Rinnai Corporation, Noritz Corporation, Bosch Thermotechnology Corp., Viessmann Manufacturing Company Inc., Weil-McLain, Burnham Holdings Inc., Taco Comfort Solutions, Grundfos Pumps Corporation, Armstrong Fluid Technology, Bell & Gossett, Wilo USA LLC
Get The Full Global Building Equipment Contractors Market Report
Building Equipment Contractors Market Overview
Building equipment means all machinery, systems, appliances, equipment, and other equipment in a building or the infrastructure required to operate it.
Building Equipment Contractors Global Market Report 2023 provides data on the global building equipment contractors market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The building equipment contractors market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.