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Building Equipment Contractors Market Growth, Latest Trend and Forecast

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14 February 2019

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The Business Research Company’s Building Equipment Contractors global market report, covers the year-on-year growth of the global Building Equipment Contractors market historic and forecast growth. It also includes chapters on the Building Equipment Contractors market trends, geographical analysis, and competitive landscape.

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The global building equipment contractors market size is expected to increase by 2022, significantly growing at a High CAGR during the forecast period.

Building Equipment Contractors Market Trends:

The building equipment contractors market consists of the sales revenues earned 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.

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 global Building Equipment Contractors market is primarily driven by rise in technological advances and increasing population.

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The global Building Equipment Contractors market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With increasing population and growing investment opportunities, the global Building Equipment Contractors market is expected to increase in potential and scope. TBRC’s report also covers the Building Equipment Contractors drivers and restraints in the market.

The global Building Equipment Contractors market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global Building Equipment Contractors market report are Bergelectric, EMCOR Group, IES Holdings, ARS/Rescue Rooter, Comfort Systems USA, and TDIndustries.

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