Building Management Systems Market

A building management system is a computer-based automation system that is installed in buildings to monitor, control, and regulate the electrical and mechanical systems of the building, such as lighting, ventilation, fire systems, power systems, security systems, among others. These systems consist of software, smart sensors with a connection to an internet-capable network and a server with a database. A building management system enables smart sensors to collect data and send it to the BMS, so that the data gets stored in the database. If a sensor notices data that falls outside the standard conditions, the building management system triggers an alarm.

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The growing adoption of building management systems by the commercial and residential building owners to reduce the operating costs is a significant factor driving the growth of the global building management systems market. It has been a major concern for the building owners to manage maintenance and control energy consumption. An effective BMS enables building operators and managers to monitor equipment failure at an early stage, unusual energy consumption, and reduce energy spending. It increases the life of building equipment, increases productivity, reduces carbon emission, conserves water and electricity, among others. These features are likely to surge the growth of this market. A building management system enhances the controlling structure in huge buildings to reduce the operating costs for further increasing the business profitability. The rise in preference for energy-efficient and eco-friendly buildings is surging the growth of the global building management systems market.

Moreover, considering the benefits of building management systems, such as eco-friendly nature, energy efficiency, and better management of the buildings, governments worldwide have bolstered the implementation and adoption of building management systems by taking several initiatives and formulating legislation. These initiatives rapidly boost the growth of the global building management systems market. On the contrary, the scarcity of skilled professionals to control these systems and high installation costs might restrain the growth of the global building management systems market.

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Based on the software, the market is segmented into facility management, security management, energy management, emergency management, and infrastructure management. The energy management segment is anticipated to witness a faster CAGR over the forecast period. Buildings hold the largest share in energy consumption globally, thus it is becoming necessary to properly manage and reduce the energy consumption. A building management system makes a building energy-efficient and eco-friendly by reducing the unnecessary usage of power. These features further reduce the operating costs and maintenance costs, thus increasing the demand for the building management system by building owners and occupants. This surge in demand is bolstering the growth of the energy management segment in the global building management systems market.

Based on the service type, the market is segmented into managed services and professional services. The professional services segment is expected to grow at a higher CAGR over the forecast period owing to the increasing adoption of BMS by building owners across the globe. This is mainly due to the initiatives and regulatory amendments by the government to install these systems for sustainable energy consumption and cost reduction. These initiatives are likely to propel the growth of the professional services segment.

Based on the application, the market is segmented into residential, commercial, and industrial. The commercial segment is projected to grow at a higher CAGR during the forecast period. Various enterprises are increasingly opting for automation systems in the commercial buildings for efficient energy consumption and reduced operational costs. Several government policies have mandated the installation of building management systems in commercial buildings to conserve energy and reduce accidents. These factors are responsible for the growth of the commercial segment in the global building management systems market.

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Based on the region, the Europe region is expected to grow at a higher CAGR over the forecast period. The initiation of adopting building management systems was done by Europe. The primary reason for the increasing adoption of the building management system is the growing focus on reducing carbon emission and energy conservation. Another reason driving the market is the presence of leading players in this market in Europe, such as Schneider Electric, Johnson Controls, Ingersoll Rand, among others.

Various notable players operating in the market include Siemens, Schneider Electric, Johnson Controls, Honeywell International Inc, United Technologies Corp., IBM, Ingersoll Rand, Crestron Electronics, Inc., Delta Controls, and BuildingIQ, among others.

 Key Developments:

• • In 2020, Schneider Electric announced its partnership with Cisco to enhance the development of smart buildings. This partnership has created, validated, and tested the designs that connect the building management systems to the Internet Protocol (IP) network.
  • In 2019, IBM and Ingersoll Rand collaborated to provide energy-efficient systems in buildings. IBM integrated its building management systems with energy-saving solutions of Ingersoll Rand, which will provide building owners and occupants with energy performance data.
  • In 2018, Johnson Controls launched its new building management system, Metasys 10.0, which is created to offer more unified building management. It provides new integrations, which includes integration of victor video management and C-CURE 9000 access control.

The global building management systems market has been segmented on the basis of software, service type, application, and regions. Based on software, the market is segmented into facility management, security management, energy management, emergency management, and infrastructure management. The facility management segment is further segmented into lighting control and HVAC control. The security management segment is further segmented into video surveillance and access control. Based on service type, the market is segmented into professional services and managed services. Based on application, the market is segmented into residential, commercial and industrial. The commercial segment is further segmented into office buildings, retail & public building, educational institutes, hospital & healthcare facilities, airports & railways, and others. Based on region, the global building management systems market is segmented into North America, Europe, Asia-Pacific, and roW.

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Key questions answered in this research report:

• • At what pace is global building management systems market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in building management systems market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global building management systems market?
  • Which software generated maximum revenues in 2019 and identify the most promising software during the forecast period?
  • What are the various application areas of global building management systems market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Building Management Systems Market by Software

• • Facility Management
    • Lighting Control
    • HVAC Control
  • Security Management
    • Video Surveillance
    • Access Control
  • Energy Management
  • Infrastructure Management
  • Emergency Management

Global Building Management Systems Market by Service Type

• • Professional Services
  • Managed Services

Global Building Management Systems Market by Application

• • Residential
  • Commercial
    • Office Buildings
    • Retail & Public Buildings
    • Educational Institutes
    • Hospitals & Healthcare Institutes
    • Airports & Railways
    • Others
  • Industrial

 Global Building Management Systems Market by Region

• • North America Building Management Systems Market (Option 1: As a part of the free 25% customization)
    • North America Building Management Systems Market by Software
    • North America Building Management Systems Market by Service Type
    • North America Building Management Systems Market by Application
    • US Building Management Systems Market All-Up
    • Canada Building Management Systems Market All-Up
  • Europe Building Management Systems Market (Option 2: As a part of the free 25% customization)
    • Europe Building Management Systems Market by Software
    • Europe Building Management Systems Market by Service Type
    • Europe Building Management Systems Market by Application
    • UK Building Management Systems Market All-Up
    • Germany Building Management Systems Market All-Up
    • France Building Management Systems Market All-Up
    • Spain Building Management Systems Market All-Up
    • Rest of Europe Building Management Systems Market All-Up
  • Asia-Pacific Building Management Systems Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Building Management Systems Market by Software
    • Asia-Pacific Building Management Systems Market by Service Type
    • Asia-Pacific Building Management Systems Market by Application
    • China Building Management Systems Market All-Up
    • India Building Management Systems Market All-Up
    • Japan Building Management Systems Market All-Up
    • Rest of APAC Building Management Systems Market All-Up
  • RoW Building Management Systems Market (Option 4: As a part of the free 25% customization)
    • RoW Building Management Systems Market by Software
    • RoW Building Management Systems Market by Service Type
    • RoW Building Management Systems Market by Application
    • Brazil Building Management Systems Market All-Up
    • South Africa Building Management Systems Market All-Up
    • Saudi Arabia Building Management Systems Market All-Up
    • UAE Building Management Systems Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Building Management Systems Market All-Up

Major Players Operating in the Building Management Systems (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Siemens
  • Schneider Electric
  • Johnson Controls
  • Honeywell International Inc
  • United Technologies Corp.
  • IBM
  • Ingersoll Rand
  • Crestron Electronics, Inc.
  • Delta Controls
  • BuildingIQ