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Global Building Management System Market – Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Upcoming Report
  • May 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Building Management System Market, By Software (Facility Management, Security Management, Energy Management, Emergency Management, Infrastructure Management), Service Type (Professional Services, Managed Services), Application (Residential, Commercial, Industrial), Component (Hardware, Software) - Industry Trends and Forecast to 2029

 

Building Management System Market

Market Analysis and Size

Building Management System (BMS) is widely being deployed among various residential and commercial sectors to supervise and manage the following activities, including electrical distribution panels, water consumption, air conditioning systems, lighting control, and CCTV system monitoring, among others. The technology delivers diagnosis strategies for the improved building energy performance.

Global Building Management System Market was valued at USD 14.10 billion in 2021 and is expected to reach USD 51.73 billion by 2029, registering a CAGR of 15.53% during the forecast period of 2022-2029. Emergency Management accounts for the largest software segment in the respective market owing to the increase in security concerns. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Building Management Systems (BMS) are the type of a software-based building control systems that track and control the building's mechanical and electrical devices counting fire system, security system, power system, lighting and ventilation. Management systems for building are composed of software and hardware.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Software (Facility Management, Security Management, Energy Management, Emergency Management, Infrastructure Management), Service Type (Professional Services, Managed Services), Application (Residential, Commercial, Industrial), Component (Hardware, Software)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Honeywell International Inc. (US), Johnson Controls (Ireland), Schneider Electric (France), Siemens (Germany), United Technologies (US), ABB (Sweden), Azbil Corporation (Japan), Delta Controls (India), LARSEN & TOUBRO LIMITED (India), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany), Singapore Technologies Engineering Ltd (Singapore), DEXMA SENSORS, S.L. (Spain), Eagle Technology (India), Legrand (France), Lutron Electronics Co., Inc. (US), Technovator International Limited (Singapore), Airedale Air Conditioning (UK), BuildingIQ (US), ACUITY BRANDS LIGHTING, INC. (US), and GridPoint (US), among others

Market Opportunities

  • Integration of analytics in building management
  • Increase in demand for energy-efficient and eco-friendly buildings
  • Availability of various sensors

Building Management System Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Modern Energy Services

The rise in economic growth acts as one of the major factors driving the building management system market. Also, increase in the need for reducing poverty and improving the quality of life with the help of modern energy services has a positive impact on the market.

  • Availability of Low-Cost Sensors

The availability of various sensors such as load, temperature, and vibration accelerate the market growth. The on-going technological advancements in the semiconductor industry and intense competition among various manufacturers also drive the market growth.

  • Increase in Security Breaches

The increase in the incidences of security breaches and rise in need for innovative safety and security solutions further influence the market. The increase in initiatives taken by market players to deliver improved fencing solutions owing to the continuously evolving end-user demands drives the market further.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the building management system market.

Opportunities

Furthermore, integration of analytics in building management extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, increase in demand for energy-efficient and eco-friendly buildings will further expand the market.

Restraints/Challenges

On the other hand, high cost associated with the implementation and lack of technically skilled workers are expected to obstruct market growth. Also, lack of awareness regarding the bms in various geographies is projected to challenge the building management system market in the forecast period of 2022-2029.

This building management system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on building management system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Building Management System Market

COVID-19 had a negative impact on the global building management system market due to the commute restrictions. The market faced various challenges, such as regulatory and policy changes, working capital management, supply chain execution and dependency on labor. However, organizations prepared strategic cost-saving plans to manage the impact of the pandemic. The demand for building management system has increased to manage and ensure security across residential and commercial sectors in the post pandemic scenario.

Global Building Management System Market Scope and Market Size

The building management system market is segmented on the basis of software, service type, application and component. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Software

  • Facility Management

                              Lighting Control

                               HVAC Control

  • Security Management

                                 Video Surveillance

                                 Access Control

Service Type

  • Professional Services
  • Managed Services

Application

  • Residential
  • Commercial

                         Office Buildings

                         Retail and Public Buildings

                         Educational Institutes

                         Hospitals and Healthcare Facilities

                         Airports and Railways and Others

  • Industrial

Component

  • Hardware
  • Software

Building Management System Market Regional Analysis/Insights

The building management system market is analysed and market size insights and trends are provided by country, software, service type, application and component as referred above.

The countries covered in the building management system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the building management system market because of the early adoption of building management system within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the technological advancements and availability of cheap and skilled labors in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Building Management System Market

The building management system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to building management system market.

Some of the major players operating in building management system market are

  • Honeywell International Inc. (US)
  • Johnson Controls (Ireland)
  • Schneider Electric (France)
  • Siemens (Germany)
  • United Technologies (US)
  • ABB (Sweden)
  • Azbil Corporation (Japan)
  • Delta Controls (India)
  • LARSEN & TOUBRO LIMITED (India)
  • Mitsubishi Electric Corporation (Japan)
  • Robert Bosch GmbH (Germany)
  • Singapore Technologies Engineering Ltd (Singapore)
  • DEXMA SENSORS, S.L. (Spain)
  • Eagle Technology (India)
  • Legrand (France)
  • Lutron Electronics Co., Inc. (US)
  • Technovator International Limited (Singapore)
  • Airedale Air Conditioning (UK)
  • BuildingIQ (US)
  • ACUITY BRANDS LIGHTING, INC. (US)
  • GridPoint (US)

Research Methodology: Global Building Management System Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The Global Building Management System Market is expected USD 51.73 billion by 2029.
The Building Management System Market is expected to witness CAGR of 15.53% in the forecast period of 2022-2029
Global Building Management System Market segmented By Application such as Residential, Commercial, Industrial.
The major players covered in the building management system market report are Honeywell International Inc., Johnson Controls, Schneider Electric, Siemens, United Technologies, ABB, Azbil Corporation, Delta Controls, LARSEN & TOUBRO LIMITED, Mitsubishi Electric Corporation, Robert Bosch GmbH, Singapore Technologies Engineering Ltd, DEXMA SENSORS, S.L., Eagle Technology, Legrand, Lutron Electronics Co., Inc., Technovator International Limited, Airedale Air Conditioning, BuildingIQ, ACUITY BRANDS LIGHTING, INC., GridPoint among other domestic and global players.