Building Equipment Contractors Market (Covid-19) Development 2020: Competitive Dynamics And Global Outlook 2023

The Business Research Company offers " Building Equipment Contractors Global Market Report 2020-30: Covid 19 Impact and Recovery " in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global building equipment contractors market is expected to decline from $1953.9 billion in 2019 to $1908.3 billion in 2020 at a compound annual growth rate (CAGR) of -2.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $2241.8 billion in 2023.

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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.

Building Equipment Contractors Market Segmentation: -
By Type
1. Electrical Contractors And Other Wiring Installation Contractors
2. Plumbing, Heating And Air-Conditioning Contractors
3. Other Building Equipment Contractors

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Building Equipment Contractors Market Characteristics
4. Building Equipment Contractors Market Product Analysis
5. Building Equipment Contractors Market Supply Chain
……………
19. Building Equipment Contractors Market Competitive Landscape
20. Key Mergers And Acquisitions In The Building Equipment Contractors Market
21. Market Background: Specialty Trade Contractors Market
22. Recommendations
23. Appendix

The report covers the trends and market dynamics of the building equipment contractors market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the building equipment contractors market are Bergelectric; EMCOR Group; IES Holdings; ARS/Rescue Rooter; Comfort Systems

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

This release was published on openPR.