Building Management Systems Market
PUBLISHED: 2024 ID: SMRC26886
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Building Management Systems Market

Building Management Systems Market Forecasts to 2030 - Global Analysis By System Type (Fire and Safety, Energy Management, Security and Access Control, Smart Building Integration, Facility Management System, Emergency Management and Other System Types), Component Type, Deployment Type, Application, End User and By Geography

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5.0 (89 reviews)
Published: 2024 ID: SMRC26886

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Building Management Systems Market is accounted for $22.7 billion in 2024 and is expected to reach $63.7 billion by 2030 growing at a CAGR of 18.7% during the forecast period. Building Management Systems (BMS) are integrated systems designed to monitor and control a building's mechanical and electrical equipment, such as HVAC, lighting, and security systems. They optimize operational efficiency, enhance comfort, and ensure energy savings through real-time data analysis and automation. BMS leverage sensors, controllers, and software to manage building functions, provide alerts for maintenance, and facilitate remote access. By integrating various building systems, BMS improve overall building performance and occupant satisfaction.

Market Dynamics: 

Driver: 

Growing urbanization and infrastructure development

Growing urbanization and infrastructure development are significantly driving the market. As cities expand and modernize, there is an increasing demand for efficient and automated solutions to manage building operations. These technologies, which optimize energy usage, enhance security, and improve occupant comfort, are becoming integral to new and existing structures. This trend is further fueled by smart city initiatives and green building standards, pushing for advanced, scalable solutions that support sustainable urban growth.

Restraint:

Complexity and integration challenges

Building Management Systems (BMS) face complexity and integration challenges due to the diverse range of technologies and protocols involved. Integrating various subsystems, such as HVAC, lighting, security, and energy management, requires seamless communication and interoperability. The need for real-time data processing and system customization adds to the complexity. Additionally, ensuring compatibility with legacy systems and addressing cybersecurity risks further complicate integration efforts.

Opportunity:

Improved building performance

Improved building performance in the market is driven by advancements in technology, which enhance efficiency, safety, and sustainability. Modern BMS integrate advanced sensors, real-time data analytics, and automated control systems to optimize energy use, reduce operational costs, and improve occupant comfort. These systems facilitate proactive maintenance and seamless integration with other building systems, leading to increased longevity and operational efficiency.

Threat:

Lack of skilled professionals

The market faces a significant challenge due to a shortage of skilled professionals. As technology advances, the demand for expertise in designing, implementing, and maintaining sophisticated solutions grows. However, there is a limited pool of qualified individuals capable of handling the complexity and integration required by modern systems. This gap in skills hampers innovation and efficiency, leading to potential delays and increased costs in deploying advanced building management technologies.

Covid-19 Impact: 

The COVID-19 pandemic significantly impacted the market by accelerating the adoption of remote monitoring and management technologies. The need for enhanced health and safety measures in buildings led to increased demand for advanced solutions that enable real-time data collection and analysis. Additionally, the focus on energy efficiency and cost reduction drove investments in smart building technologies. However, supply chain disruptions and economic uncertainties initially hampered market growth during the pandemic.

The lighting control segment is expected to be the largest during the forecast period

The lighting control is expected to be the largest during the forecast period. It involves automated regulation of lighting based on occupancy, daylight levels, and time-of-day schedules. Advanced systems integrate sensors, dimmers, and programmable controls to optimize illumination and extend the lifespan of lighting fixtures. This segment also supports integration with other components for comprehensive building management, contributing to sustainability goals and cost savings in commercial and residential properties.

The residential segment is expected to have the highest CAGR during the forecast period

The residential segment is expected to have the highest CAGR during the forecast period. BMS solutions for residential buildings include smart thermostats, lighting control systems, and security management, all designed to optimize comfort, reduce energy consumption, and improve safety. These systems integrate various technologies to provide homeowners with remote monitoring and control capabilities through smartphones and tablets. The growing demand for smart homes and energy-efficient solutions is driving innovation in this segment.

Region with largest share:

North America is projected to hold the largest market share during the forecast period due to increasing demand for energy-efficient solutions and smart building technologies. Key drivers include stringent energy regulations, advancements in IoT, and rising awareness of sustainability. Major markets include the U.S. and Canada, where commercial and residential sectors are adopting BMS to optimize energy use, enhance security, and improve operational efficiency. 

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. Rapid urbanization and expanding infrastructure projects are increasing the demand for advanced solutions in new and existing buildings. Innovations in IoT, AI, and machine learning are enhancing the capabilities, making them more attractive to building owners and managers. Government initiatives and incentives aimed at promoting smart city projects and improving building infrastructure are supporting the expansion.

Key players in the market

Some of the key players in Building Management Systems market include Johnson Controls International plc, Schneider Electric SE, Honeywell International Inc., Siemens AG, Panasonic Corporation, Bosch Building Technologies, Crestron Electronics, Inc., Lutron Electronics Co., Inc., Daintree Networks, Automated Logic Corporation, ABB Ltd., Delta Controls, KMC Controls, Eaton Corporation plc, , Danaher Corporation and Rockwell Automation.

Key Developments:

In May 2024, Siemens unveiled its latest Gridscale X offering, LV Management, at Eurelectric’s Power Summit. Embedded with crucial capabilities to actively control the low voltage grid, this represents the first step towards unlocking grid flexibility at scale across planning and operations.

In April 2024, Schneider Electric announced a new partnership with IPConfigure, a leading managed service provider of business security, to integrate cutting-edge video surveillance solutions into Schneider Electric's EcoStruxure™ Buildings platform. 

System Types Covered:
• Fire and Safety
• Energy Management
• Security and Access Control
• Smart Building Integration
• Facility Management System
• Emergency Management
• Other System Types

Component Types Covered:
• Hardware 
• Software 
• Service 

Deployment Types Covered:
• On-Premises
• Cloud-Based 

Applications Covered:
• Lighting Control
• Security and Access Control
• Energy Management
• Evacuation Systems
• Other Applications 

End Users Covered:
• Commercial
• Residential
• Industrial
• Government
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary          
            
2 Preface           
 2.1 Abstract          
 2.2 Stake Holders         
 2.3 Research Scope         
 2.4 Research Methodology        
  2.4.1 Data Mining        
  2.4.2 Data Analysis        
  2.4.3 Data Validation        
  2.4.4 Research Approach        
 2.5 Research Sources         
  2.5.1 Primary Research Sources       
  2.5.2 Secondary Research Sources       
  2.5.3 Assumptions        
            
3 Market Trend Analysis         
 3.1 Introduction         
 3.2 Drivers          
 3.3 Restraints         
 3.4 Opportunities         
 3.5 Threats          
 3.6 Application Analysis        
 3.7 End User Analysis         
 3.8 Emerging Markets         
 3.9 Impact of Covid-19         
            
4 Porters Five Force Analysis         
 4.1 Bargaining power of suppliers        
 4.2 Bargaining power of buyers        
 4.3 Threat of substitutes        
 4.4 Threat of new entrants        
 4.5 Competitive rivalry         
            
5 Global Building Management Systems Market, By System Type     
 5.1 Introduction         
 5.2 Fire and Safety         
 5.3 Energy Management        
 5.4 Security and Access Control        
 5.5 Smart Building Integration        
 5.6 Facility Management System        
 5.7 Emergency Management        
 5.8 Other System Types         
            
6 Global Building Management Systems Market, By Component Type     
 6.1 Introduction         
 6.2 Hardware         
  6.2.1 Controllers        
  6.2.2 Sensors         
  6.2.3 Actuators         
 6.3 Software          
  6.3.1 Facility Management Software      
  6.3.2 Security Management Software      
  6.3.3 Energy Management Software       
  6.3.4 Emergency Management Software      
 6.4 Service           
  6.4.1 Professional Services       
  6.4.2 Managed Services        
            
7 Global Building Management Systems Market, By Deployment Type     
 7.1 Introduction         
 7.2 On-Premises         
 7.3 Cloud-Based         
            
8 Global Building Management Systems Market, By Application      
 8.1 Introduction         
 8.2 Lighting Control         
 8.3 Security and Access Control        
 8.4 Energy Management        
 8.5 Evacuation Systems         
 8.6 Other Applications         
            
9 Global Building Management Systems Market, By End User      
 9.1 Introduction         
 9.2 Commercial         
 9.3 Residential         
 9.4 Industrial          
 9.5 Government         
 9.6 Other End Users         
            
10 Global Building Management Systems Market, By Geography      
 10.1 Introduction         
 10.2 North America         
  10.2.1 US         
  10.2.2 Canada         
  10.2.3 Mexico         
 10.3 Europe          
  10.3.1 Germany         
  10.3.2 UK         
  10.3.3 Italy         
  10.3.4 France         
  10.3.5 Spain         
  10.3.6 Rest of Europe        
 10.4 Asia Pacific         
  10.4.1 Japan         
  10.4.2 China         
  10.4.3 India         
  10.4.4 Australia         
  10.4.5 New Zealand        
  10.4.6 South Korea        
  10.4.7 Rest of Asia Pacific        
 10.5 South America         
  10.5.1 Argentina        
  10.5.2 Brazil         
  10.5.3 Chile         
  10.5.4 Rest of South America       
 10.6 Middle East & Africa        
  10.6.1 Saudi Arabia        
  10.6.2 UAE         
  10.6.3 Qatar         
  10.6.4 South Africa        
  11.6.5 Rest of Middle East & Africa       
            
11 Key Developments          
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 11.2 Acquisitions & Mergers        
 11.3 New Product Launch        
 11.4 Expansions         
 11.5 Other Key Strategies        
            
12 Company Profiling          
 12.1 Johnson Controls International plc       
 12.2 Schneider Electric SE        
 12.3 Honeywell International Inc.        
 12.4 Siemens AG         
 12.5 Panasonic Corporation        
 12.6 Bosch Building Technologies        
 12.7 Crestron Electronics, Inc.        
 12.8 Lutron Electronics Co., Inc.        
 12.9 Daintree Networks         
 12.10 Automated Logic Corporation        
 12.11 ABB Ltd.          
 12.12 Delta Controls         
 12.13 KMC Controls         
 12.14 Eaton Corporation plc        
 12.15 Danaher Corporation        
 12.16 Rockwell Automation        
            
List of Tables           
1 Global Building Management Systems Market Outlook, By Region (2022-2030) ($MN)   
2 Global Building Management Systems Market Outlook, By System Type (2022-2030) ($MN)   
3 Global Building Management Systems Market Outlook, By Fire and Safety (2022-2030) ($MN)   
4 Global Building Management Systems Market Outlook, By Energy Management (2022-2030) ($MN)  
5 Global Building Management Systems Market Outlook, By Security and Access Control (2022-2030) ($MN) 
6 Global Building Management Systems Market Outlook, By Smart Building Integration (2022-2030) ($MN) 
7 Global Building Management Systems Market Outlook, By Facility Management System (2022-2030) ($MN) 
8 Global Building Management Systems Market Outlook, By Emergency Management (2022-2030) ($MN)  
9 Global Building Management Systems Market Outlook, By Other System Types (2022-2030) ($MN)  
10 Global Building Management Systems Market Outlook, By Component Type (2022-2030) ($MN)  
11 Global Building Management Systems Market Outlook, By Hardware (2022-2030) ($MN)   
12 Global Building Management Systems Market Outlook, By Controllers (2022-2030) ($MN)   
13 Global Building Management Systems Market Outlook, By Sensors (2022-2030) ($MN)   
14 Global Building Management Systems Market Outlook, By Actuators (2022-2030) ($MN)   
15 Global Building Management Systems Market Outlook, By Software (2022-2030) ($MN)   
16 Global Building Management Systems Market Outlook, By Facility Management Software (2022-2030) ($MN) 
17 Global Building Management Systems Market Outlook, By Security Management Software (2022-2030) ($MN) 
18 Global Building Management Systems Market Outlook, By Energy Management Software (2022-2030) ($MN) 
19 Global Building Management Systems Market Outlook, By Emergency Management Software (2022-2030) ($MN) 
20 Global Building Management Systems Market Outlook, By Service  (2022-2030) ($MN)   
21 Global Building Management Systems Market Outlook, By Professional Services (2022-2030) ($MN)  
22 Global Building Management Systems Market Outlook, By Managed Services (2022-2030) ($MN)  
23 Global Building Management Systems Market Outlook, By Deployment Type (2022-2030) ($MN)  
24 Global Building Management Systems Market Outlook, By On-Premises (2022-2030) ($MN)   
25 Global Building Management Systems Market Outlook, By Cloud-Based (2022-2030) ($MN)   
26 Global Building Management Systems Market Outlook, By Application (2022-2030) ($MN)   
27 Global Building Management Systems Market Outlook, By Lighting Control (2022-2030) ($MN)  
28 Global Building Management Systems Market Outlook, By Security and Access Control (2022-2030) ($MN) 
29 Global Building Management Systems Market Outlook, By Energy Management (2022-2030) ($MN)  
30 Global Building Management Systems Market Outlook, By Evacuation Systems (2022-2030) ($MN)  
31 Global Building Management Systems Market Outlook, By Other Applications (2022-2030) ($MN)  
32 Global Building Management Systems Market Outlook, By End User (2022-2030) ($MN)   
33 Global Building Management Systems Market Outlook, By Commercial (2022-2030) ($MN)   
34 Global Building Management Systems Market Outlook, By Residential (2022-2030) ($MN)   
35 Global Building Management Systems Market Outlook, By Industrial (2022-2030) ($MN)   
36 Global Building Management Systems Market Outlook, By Government (2022-2030) ($MN)   
37 Global Building Management Systems Market Outlook, By Other End Users (2022-2030) ($MN)  
            
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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