Market Overview:
The global building management system market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient buildings and rising awareness about the benefits of using building management systems. The global building management system market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into BACnet, LonWorks, and others. The BACnet segment is expected to dominate the global building management system market during the forecast period owing to its widespread adoption across various applications such as residential buildings, office & commercial buildings, manufacturing plants, and others.
Product Definition:
A building management system (BMS) is a computer-based system that controls and monitors the mechanical, electrical and plumbing systems in a building. The BMS gathers data from sensors located throughout the building, analyzes it and then sends commands to actuators (devices that control movement) to respond accordingly.
BACnet:
BACnet is an open protocol developed by the British Association of Control. It was initially designed for use in HVAC applications but has since been expanded to support a wide range of building automation functions. BACnet is used as a communication layer in various building management systems such as temperature control, lighting, and security among others.
LonWorks:
LonWorks is a Lonza brand name for the family of software solutions that are used in building management systems. It includes LonSight, a Building Energy Management System (BEMS) software; LonChiller, which is used to monitor and control air conditioning units; and LonProphet, which provides remote monitoring ofpropulsion systems in buildings.
Application Insights:
The residential buildings segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for energy-efficient, easy-to-maintain, and cost-effective building solutions across the globe. A growing number of multi million dollar residential projects in emerging economies such as China, India and Brazil is also expected to drive industry growth over the coming years.
The office & commercial buildings segment accounted for a significant market share in 2017 owing to rising demand from end users including business owners/managers, property owners/management companies, etc. For instance; In October 2016; Atidum Housing Private Ltd.
Regional Analysis:
The North American regional market dominated the global building management system industry in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing adoption of automation in commercial and residential buildings. Moreover, rising implementation of smart grid technology for energy management will drive the demand further.
Asia Pacific is anticipated to emerge as a lucrative regional market over the next eight years owing to growing infrastructure development activities coupled with rapid urbanization across countries such as China, India, Japan, Malaysia & Indonesia etc. Furthermore, improving economic conditions are also expected to contribute toward increased investments in these systems across various industries thereby driving growth during forecast period.
Growth Factors:
- Increasing demand for energy-efficient buildings: The global market for Building Management Systems is expected to grow at a CAGR of more than 9% from 2016 to 2020. This growth can be attributed to the increasing demand for energy-efficient buildings, as Building Management Systems help optimize building performance and reduce energy consumption.
- Growing popularity of IoT: The growing popularity of the Internet of Things (IoT) is another major driver for the global market for Building Management Systems. With the advent of IoT, there has been a surge in the number of connected devices, which is helping drive demand for Building Management Systems that can manage and monitor these devices effectively.
- Proliferation of smart cities: As more and more cities are becoming “smart”, there is an increasing need for Buildings Management Systems that can help manage various city functions such as lighting, traffic management, and security surveillance effectively. This is driving demand for smartBuildingManagementSystems globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Building Management System Market Research Report
By Type
BACnet, LonWorks, Others, Building Management Syste
By Application
Residential Buildings, Office & Commercial, Manufacturing Plant, Other
By Companies
Johnson Controls, Schneider, Siemens, Honeywell, UTC, Trane, Delta Controls, Beckhoff, Azbil, Cylon, ASI, Technovator, Carel, Deos, Airedale, Building Management Syste
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Building Management System Market Report Segments:
The global Building Management System market is segmented on the basis of:
Types
BACnet, LonWorks, Others, Building Management Syste
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Buildings, Office & Commercial, Manufacturing Plant, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson Controls
- Schneider
- Siemens
- Honeywell
- UTC
- Trane
- Delta Controls
- Beckhoff
- Azbil
- Cylon
- ASI
- Technovator
- Carel
- Deos
- Airedale
- Building Management Syste
Highlights of The Building Management System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- BACnet
- LonWorks
- Others
- Building Management Syste
- By Application:
- Residential Buildings
- Office & Commercial
- Manufacturing Plant
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Building Management System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A building management system (BMS) is a computerized system that manages the physical aspects of a building, such as energy use, security, and maintenance.
Some of the key players operating in the building management system market are Johnson Controls, Schneider, Siemens, Honeywell, UTC, Trane, Delta Controls, Beckhoff, Azbil, Cylon, ASI, Technovator, Carel, Deos, Airedale, Building Management Syste.
The building management system market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Building Management System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Building Management System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Building Management System Market - Supply Chain
4.5. Global Building Management System Market Forecast
4.5.1. Building Management System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Building Management System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Building Management System Market Absolute $ Opportunity
5. Global Building Management System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Building Management System Market Size and Volume Forecast by Type
5.3.1. BACnet
5.3.2. LonWorks
5.3.3. Others
5.3.4. Building Management Syste
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Building Management System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Building Management System Market Size and Volume Forecast by Application
6.3.1. Residential Buildings
6.3.2. Office & Commercial
6.3.3. Manufacturing Plant
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Building Management System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Building Management System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Building Management System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Building Management System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Building Management System Demand Share Forecast, 2019-2026
9. North America Building Management System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Building Management System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Building Management System Market Size and Volume Forecast by Application
9.4.1. Residential Buildings
9.4.2. Office & Commercial
9.4.3. Manufacturing Plant
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Building Management System Market Size and Volume Forecast by Type
9.7.1. BACnet
9.7.2. LonWorks
9.7.3. Others
9.7.4. Building Management Syste
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Building Management System Demand Share Forecast, 2019-2026
10. Latin America Building Management System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Building Management System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Building Management System Market Size and Volume Forecast by Application
10.4.1. Residential Buildings
10.4.2. Office & Commercial
10.4.3. Manufacturing Plant
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Building Management System Market Size and Volume Forecast by Type
10.7.1. BACnet
10.7.2. LonWorks
10.7.3. Others
10.7.4. Building Management Syste
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Building Management System Demand Share Forecast, 2019-2026
11. Europe Building Management System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Building Management System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Building Management System Market Size and Volume Forecast by Application
11.4.1. Residential Buildings
11.4.2. Office & Commercial
11.4.3. Manufacturing Plant
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Building Management System Market Size and Volume Forecast by Type
11.7.1. BACnet
11.7.2. LonWorks
1.7.3. Others
11.7.4. Building Management Syste
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Building Management System Demand Share, 2019-2026
12. Asia Pacific Building Management System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Building Management System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Building Management System Market Size and Volume Forecast by Application
12.4.1. Residential Buildings
12.4.2. Office & Commercial
12.4.3. Manufacturing Plant
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Building Management System Market Size and Volume Forecast by Type
12.7.1. BACnet
12.7.2. LonWorks
12.7.3. Others
12.7.4. Building Management Syste
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Building Management System Demand Share, 2019-2026
13. Middle East & Africa Building Management System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Building Management System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Building Management System Market Size and Volume Forecast by Application
13.4.1. Residential Buildings
13.4.2. Office & Commercial
13.4.3. Manufacturing Plant
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Building Management System Market Size and Volume Forecast by Type
13.7.1. BACnet
13.7.2. LonWorks
13.7.3. Others
13.7.4. Building Management Syste
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Building Management System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Building Management System Market: Market Share Analysis
14.2. Building Management System Distributors and Customers
14.3. Building Management System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Johnson Controls
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Schneider
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Honeywell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. UTC
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Trane
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Delta Controls
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Beckhoff
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Azbil
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cylon
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ASI
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Technovator
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Carel
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Deos
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Airedale
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Building Management Syste
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
