Building Equipment Contractors Market Report 2026

The building equipment contractors market size has grown strongly in recent years. It will grow from $3.29 trillion in 2025 to $3.48 trillion in 2026 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to increasing building construction activity, early adoption of modern building equipment, rising integration of HVAC and electrical systems, expansion of commercial facilities, growing need for reliable utility systems.

The building equipment contractors market size is expected to see strong growth in the next few years. It will grow to $4.46 trillion in 2030 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increased adoption of smart building equipment, expansion of automated contracting services, rising investment in efficient HVAC systems, growth in domestic manufacturing of building components, increased use of predictive maintenance technologies. Major trends in the forecast period include increased adoption of automated installation systems, rise in energy-efficient building equipment, expansion of smart wiring and hvac integration, growth in digitally managed contracting workflows, increased use of AI-based maintenance planning.

The growth in the construction industry is expected to drive the expansion of the building equipment contractor market. The construction industry encompasses the planning, design, and physical construction of buildings, infrastructure, and other structures to meet various societal and commercial needs. Building equipment contractors play a vital role by providing specialized expertise and services in the installation, maintenance, and repair of crucial building systems and equipment, thereby contributing to the efficient and functional operation of the construction sector. For example, in February 2025, the Office for National Statistics, a UK-based statistics authority, reported that annual construction output rose by 0.4% in 2024 compared to 2023, driven entirely by an 8.5% increase in repair and maintenance work. This growth in the construction industry is a driving force behind the building equipment contractor market.

Major players in the building equipment contractor industry are increasingly emphasizing the development of smart wearables and technologies to enhance efficiency, safety, and productivity on construction sites. Smart wearables are finding their way into the building equipment contractor market, enabling supervisors to monitor operations effectively. These wearable devices typically include a computer or electronic device worn on the body, personal protective equipment, or clothing. They offer real-time data assessment, including information on location, impact, motion, temperature, and vital signs. For instance, in 2023, Masimo, a US-based medical technology company, introduced the Masimo Freedom smartwatch. This innovative product aims to revolutionize the wearable technology sector by providing individuals with the freedom to manage their personal health and privacy through accurate and continuous health tracking. It incorporates cutting-edge hardware features designed to reduce radiation exposure and protect user privacy. These smart wearables are becoming instrumental in the construction industry, promoting efficiency and safety while enhancing data collection and analysis.

In February 2024, Comfort Systems USA, a US-based provider of mechanical construction and MEP (mechanical, electrical, and plumbing) services, acquired J & S Mechanical Contractors, Inc. for approximately $120.6 million. Through this acquisition, Comfort Systems aims to broaden its mechanical and plumbing installation capabilities across commercial, industrial, and healthcare sectors, while strengthening its position in the building equipment contracting market. J & S Mechanical Contractors, based in the US, specializes in HVAC, plumbing, and medical gas system installations, complementing Comfort Systems’ existing portfolio and enhancing its expertise in large-scale mechanical contracting and MEP solutions.

Major companies operating in the building equipment contractors market are KONE Corporation, Comfort Systems USA Inc., Mitsubishi Electric Corp, Integrated Electrical Services Inc., 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.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the building equipment contractors market by increasing costs for imported electrical components, HVAC systems, piping materials, and automation hardware. Residential, commercial, and industrial construction projects dependent on global equipment supply chains encounter higher installation and operational costs. Tariffs also stimulate domestic manufacturing of electrical and HVAC components, enhancing regional competitiveness and supply-chain resilience.

The building equipment contractors market research report is one of a series of new reports that provides building equipment contractor market statistics, including building equipment contractor industry global market size, regional shares, competitors with a building equipment contractor market share, detailed building equipment contractor market segments, market trends and opportunities, and any further data you may need to thrive in the building equipment contractors industry. This building equipment contractor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Building equipment encompasses all the machinery, systems, appliances, and various devices within a building or the infrastructure necessary for its operation.

The primary categories of building equipment contractors include electrical contractors and other wiring installation contractors, plumbing, heating, and air-conditioning contractors, as well as other building equipment contractors. Plumbing refers to a system designed for fluid transportation, utilizing pipes, valves, plumbing fittings, tanks, and associated equipment. These services are provided by both large chain companies and independent contractors through various modes, such as online and offline. Building equipment contractors are involved in diverse construction sectors, including residential and non-residential construction, utility system construction, and other related areas.Asia-Pacific was the largest region in the building equipment contractors market in 2025. 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. The countries covered in the building equipment contractors market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The building equipment contractors market includes revenues earned by entities by elevators, escalators, service station equipment, and central vacuum cleaning systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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