(MoneyNewsWire.Net, July 18, 2018 ) 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.
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The market was valued at $1.5 trillion in 2017, and it is expected to be expected to be driven by more and more companies embracing technology. North America was the largest geographic region in building equipment contractors market in 2017, accounting for more than one-third of the market.
The building equipment contractors market in the report is split into the following segments: electrical contractors & other wiring installation contractors, plumbing, heating and air-conditioning contractors and other building equipment contractors.
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The USA was the largest country in the market accounting for more than one-fifth of the global building equipment contractors market. The top five players in building equipment contractors market are Dilip Buildcon, NCC, IRB InvIT, Ashoka Buildcon and KNR Construct. Dilip Buildcon Limited, together with its subsidiaries, engages in the development of infrastructure facilities on engineering, procurement, and construction (EPC) basis in India.
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