“Increasing Integration of Predictive Maintenance”
The hard facility management (HFM) system market is experiencing growth driven by advancements in technology, particularly the integration of predictive maintenance. This trend allows organizations to proactively address maintenance needs, reducing downtime and extending asset lifecycles. For instance, companies such as Johnson Controls have launched solutions such as OpenBlue, which provides real-time monitoring and data analytics for building systems. These technologies enable facility managers to anticipate equipment failures and take corrective action before costly breakdowns occur. The global market for HFM services, which includes mechanical, electrical, and plumbing (MEP) services, is projected to grow as sectors such as healthcare, education, and commercial real estate seek smarter, more efficient management solutions. Automation, asset management, and smart technology are transforming the landscape, providing facility operators with tools to reduce costs, enhance efficiency, and improve safety. This shift towards data-driven management is becoming the standard, creating opportunities for innovation and industry disruption.
