The building equipment contractors install or service equipment that forms part of a building information system. It includes electrical contractors and other wiring installation contractors, plumbing, heating and air-conditioning contractors and other building equipment contractors. Contractors installing specialized building equipment such as elevators, service station equipment and central vacuum cleaning systems are also included. Building equipment contractors and construction companies cater to a large customer base carrying out housing, roads and other constructions.
Building Equipment Contractors Global Market Size
The global building equipment contractors market was valued at $1460.5 billion in 2017. North America was the largest geographic region accounting for $506.94 billion or 34.71% of the global market. The USA was the largest country accounting for $391.85 billion or 26.83% of the global building equipment contractors market.
Building Equipment Contractors Global Market Trend
Specialty Construction Contractors are using building information modeling (BIM) to improve labor productivity, customer management and material handling. BIM is a digital representation or 3D model of a building, which can be used to efficiently plan, design, construct and manage buildings. Contractors use BIM to design structures, lighting, HVAC systems and mechanical, electrical and plumbing systems. It can be also used for clash detection and interference management, shop drawing review, cost estimation and safety analysis. Electrical and mechanical contractors also use BIM to supplement their prefabrication capabilities. BIM results in reduced rework, improved coordination among workers and higher quality of finished projects.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Building Equipment Contractors Global Market Segmentation
The building equipment contractors market is segmented into Electrical Contractors And Other Wiring Installation Contractors; Plumbing, Heating And Air-Conditioning Contractors; Other Building Equipment Contractors.
Electrical Contractors And Other Wiring Installation Contractors comprises establishments primarily engaged in installing and servicing electrical wiring and equipment. Contractors included in this industry may include both the parts and labor when performing work. These contractors may perform new work, additions, alterations, maintenance, and repairs.
Plumbing, Heating And Air-Conditioning Contractors comprises establishments primarily engaged in installing and servicing plumbing, heating, and air-conditioning equipment. Contractors in this industry may provide both parts and labor when performing work. The work performed may include new work, additions, alterations, maintenance, and repairs.
Other Building Equipment Contractors comprises establishments primarily engaged in installing or servicing building equipment (except electrical, plumbing, heating, cooling, or ventilation equipment). The repair and maintenance of miscellaneous building equipment is included in this industry. The work performed may include new work, additions, alterations, maintenance, and repairs.