NAICS 23595 - Building Equipment and Other Machinery Installation Contractors
This industry comprises establishments primarily engaged in one or more of the following: (1) the installation or dismantling of building equipment, machinery or other industrial equipment (except plumbing, heating, air conditioning or electrical equipment); (2) machine rigging; and (3) millwriting. Types of equipment installed include automated and revolving doors, conveyor systems, dumbwaiters, dust collecting equipment, elevators, small incinerators, pneumatic tubes systems, and built-in vacuum cleaning systems. The building equipment and other machinery installation work performed includes new work, additions, alterations, and maintenance and repairs.
Industry trends:
The Building Equipment and Other Machinery Installation industry (NAICS 23595) has been experiencing several qualitative trends that indicate its evolving landscape. One prominent trend is the increasing adoption of smart technology and automation in building equipment. Contractors are incorporating advanced IoT (Internet of Things) devices and automation systems to enhance efficiency, reduce operational costs, and improve energy management in buildings. This trend is expected to continue as demand for sustainable and energy-efficient solutions grows.
There is also a noticeable shift towards green building practices and sustainable construction. Clients are increasingly seeking contractors who can install eco-friendly equipment and machinery that comply with stringent environmental standards. This includes the installation of energy-efficient HVAC systems, renewable energy sources like solar panels, and water-efficient plumbing systems.
Another qualitative trend is the growing importance of skilled labor and specialized training. As technology advances, the need for highly skilled technicians who can handle sophisticated equipment and complex installations is becoming more critical. Companies are investing in training programs to ensure their workforce remains adept at using the latest tools and technologies.
For the near future, forecasts suggest that the industry will continue to grow, driven by the resurgence in construction activities post-pandemic and the ongoing focus on infrastructure development. The integration of digital tools such as Building Information Modeling (BIM) and predictive maintenance algorithms is likely to further enhance project management and reduce downtime. Overall, the industry is poised for a transformation characterized by technological integration, sustainability, and skilled labor development.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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