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Global Building Management System (BMS) Market Size Study, by Component (Hardware, Service, Software), by Operation Module (Electric Power Control, Elevators, Fire Alarm & Response, HVAC, Lighting Control, Plumbing & Water Monitoring, Security & Observati

Publisher Bizwit Research & Consulting
Published Jul 15, 2024
Length 200 Pages
SKU # BIZW18987121

Description

Global Building Management System (BMS) Market Size Study, by Component (Hardware, Service, Software), by Operation Module (Electric Power Control, Elevators, Fire Alarm & Response, HVAC, Lighting Control, Plumbing & Water Monitoring, Security & Observation), by Deployment (On-Cloud, On-Premises), by Application (Commercial, Industrial, Residential), and Regional Forecasts 2022-2032


The Global Building Management System (BMS) Market is valued approximately at USD 14.37 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 13.00% over the forecast period 2024-2032. A building management system (BMS) represents an integrated control system that monitors and manages a building's mechanical, electrical, and plumbing (MEP) systems, including HVAC, lighting, power, fire safety, and security systems. The growing demand for energy-efficient and eco-friendly buildings, coupled with the necessity for automated building operations and maintenance, is driving market growth. The incorporation of cloud computing, IoT, analytics, and artificial intelligence further accelerates the development of BMS. Despite challenges such as cyber attack vulnerabilities, high implementation costs, and a shortage of technical expertise, the market is expected to expand due to emerging innovations in BMS, increasing investments in smart city projects, and the global rise in the number of airports.

The BMS market can be segmented into hardware, service, and software components. Hardware forms the backbone of BMS functionality, including sensors, controllers, and actuators that collect data and execute control commands. Services encompass installation, maintenance, and consultancy, ensuring the system's optimal performance. Software integrates the hardware components, providing a user interface for data analytics, report generation, and alarm management, thus facilitating energy conservation and efficient building operations. Each component plays a vital role in the system’s overall effectiveness, with hardware acting as the operational base, services ensuring system optimization, and software driving intelligent decision-making.

Operation modules within BMS, such as electric power control, elevator systems, fire alarm and response, HVAC, lighting control, plumbing, and water monitoring, as well as security and surveillance systems, address various building management needs. These systems are critical in energy-centric areas like power control and HVAC, while safety-centric systems like fire alarms and security are indispensable across all buildings. Technological advancements, including AI and ML, are enhancing these modules, enabling predictive maintenance and energy savings.

Deployment methods for BMS include on-cloud and on-premise solutions. On-cloud solutions offer remote accessibility and reduced hardware requirements, while on-premise solutions provide greater control and security, suitable for organizations with stringent data protection needs. The choice of deployment depends on factors such as cost, scalability, customization, and security preferences.

BMS applications span commercial, industrial, and residential sectors. In commercial buildings, BMS prioritizes energy efficiency, cost reduction, and occupant comfort. Industrial applications focus on strict climate control and operational efficiency, while residential applications emphasize ease of use and lifestyle enhancements. The commercial sector often demands comprehensive integration of building operations, whereas the industrial sector values precision and reliability. Residential applications are driven by user-friendliness and personalization.

The regional insights reveal that North America, particularly the United States and Canada, leads the BMS market due to early technology adoption and stringent energy regulations. Europe, driven by strong regulatory frameworks and smart city initiatives, also demonstrates significant market maturity. The Asia-Pacific region, fueled by urbanization and smart city projects, shows high growth potential. The Middle East is emerging as a key market due to smart city developments, while Africa's market is growing due to urbanization and infrastructure development.

Major market players included in this report are:
• Honeywell International Inc.
• Johnson Controls International PLC
• Siemens AG
• Schneider Electric SE
• ABB Limited
• Mitsubishi Electric Corporation
• Cisco Systems Inc.
• Delta Controls Inc.
• Lutron Electronics Co., Inc.
• Acuity Brands, Inc.
• Crestron Electronics, Inc.
• Azbil Corporation
• BuildingIQ, Inc.
• BrainBox AI
• Technovator International Limited

The detailed segments and sub-segment of the market are explained below:

By Component:
• Hardware
• Service
• Software

By Operation Module:
• Electric Power Control
• Elevators
• Fire Alarm & Response
• HVAC
• Lighting Control
• Plumbing & Water Monitoring
• Security & Observation

By Deployment:
• On-Cloud
• On-Premises

By Application:
• Commercial
• Industrial
• Residential

Common content for ‘Report Description’ By Region: North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America
• Brazil
• Mexico

Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA

Years considered for the study are as follows: Historical year – 2022 Base year – 2023 Forecast period – 2024 to 2032

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

Table of Contents

200 Pages
Chapter 1. Global Building Management System Market Executive Summary
1.1. Global Building Management System Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Component
1.3.2. By Operation Module
1.3.3. By Deployment
1.3.4. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Building Management System Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Building Management System Market Dynamics
3.1. Market Drivers
3.1.1. Rising Demand for Energy-Efficient Buildings
3.1.2. Growing Adoption of IoT and Cloud Computing
3.1.3. Increasing Investments in Smart City Projects
3.2. Market Challenges
3.2.1. High Implementation Costs
3.2.2. Vulnerability to Cyber Attacks
3.2.3. Lack of Expertise and Technical Knowledge
3.3. Market Opportunities
3.3.1. Technological Advancements in BMS
3.3.2. Emerging Markets in Developing Countries
3.3.3. Increasing Number of Airports and Commercial Buildings
Chapter 4. Global Building Management System Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Building Management System Market Size & Forecasts by Component 2022-2032
5.1. Segment Dashboard
5.2. Global Building Management System Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
5.2.1. Hardware
5.2.2. Service
5.2.3. Software
Chapter 6. Global Building Management System Market Size & Forecasts by Operation Module 2022-2032
6.1. Segment Dashboard
6.2. Global Building Management System Market: Operation Module Revenue Trend Analysis, 2022 & 2032 (USD Billion)
6.2.1. Electric Power Control
6.2.2. Elevators
6.2.3. Fire Alarm & Response
6.2.4. HVAC
6.2.5. Lighting Control
6.2.6. Plumbing & Water Monitoring
6.2.7. Security & Observation
Chapter 7. Global Building Management System Market Size & Forecasts by Deployment 2022-2032
7.1. Segment Dashboard
7.2. Global Building Management System Market: Deployment Revenue Trend Analysis, 2022 & 2032 (USD Billion)
7.2.1. On-Cloud
7.2.2. On-Premises
Chapter 8. Global Building Management System Market Size & Forecasts by Application 2022-2032
8.1. Segment Dashboard
8.2. Global Building Management System Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
8.2.1. Commercial
8.2.2. Industrial
8.2.3. Residential
Chapter 9. Global Building Management System Market Size & Forecasts by Region 2022-2032
9.1. North America Building Management System Market
9.1.1. U.S. Building Management System Market
9.1.1.1. Component breakdown size & forecasts, 2022-2032
9.1.1.2. Operation Module breakdown size & forecasts, 2022-2032
9.1.2. Canada Building Management System Market
9.2. Europe Building Management System Market
9.2.1. U.K. Building Management System Market
9.2.2. Germany Building Management System Market
9.2.3. France Building Management System Market
9.2.4. Spain Building Management System Market
9.2.5. Italy Building Management System Market
9.2.6. Rest of Europe Building Management System Market
9.3. Asia-Pacific Building Management System Market
9.3.1. China Building Management System Market
9.3.2. India Building Management System Market
9.3.3. Japan Building Management System Market
9.3.4. Australia Building Management System Market
9.3.5. South Korea Building Management System Market
9.3.6. Rest of Asia Pacific Building Management System Market
9.4. Latin America Building Management System Market
9.4.1. Brazil Building Management System Market
9.4.2. Mexico Building Management System Market
9.4.3. Rest of Latin America Building Management System Market
9.5. Middle East & Africa Building Management System Market
9.5.1. Saudi Arabia Building Management System Market
9.5.2. South Africa Building Management System Market
9.5.3. Rest of Middle East & Africa Building Management System Market
Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. ABB Limited
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Market Strategies
10.3.2. Acuity Brands, Inc.
10.3.3. Airedale International Air Conditioning Ltd.
10.3.4. Arloid Automation Ltd.
10.3.5. Azbil Corporation
10.3.6. BrainBox AI
10.3.7. BuildingIQ, Inc.
10.3.8. Cisco Systems Inc.
10.3.9. Crestron Electronics, Inc.
10.3.10. Delta Controls Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
List of Tables
TABLE 1. Global Building Management System Market, report scope
TABLE 2. Global Building Management System Market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Building Management System Market estimates & forecasts by Component 2022-2032 (USD Billion)
TABLE 4. Global Building Management System Market estimates & forecasts by Operation Module 2022-2032 (USD Billion)
TABLE 5. Global Building Management System Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Building Management System Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Building Management System Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Building Management System Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Building Management System Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Building Management System Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Building Management System Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Building Management System Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Building Management System Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Building Management System Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Building Management System Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Building Management System Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Building Management System Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Building Management System Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Building Management System Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Building Management System Market estimates & forecasts by segment 2022-2032 (USD Billion)
.....
This list is not complete; the final report does contain more than 100 tables. The list may be updated in the final deliverable.
List of Figures
FIGURE 1. Global Building Management System Market, research methodology
FIGURE 2. Global Building Management System Market, market estimation techniques
FIGURE 3. Global market size estimates & forecast methods
FIGURE 4. Global Building Management System Market, key trends 2023
FIGURE 5. Global Building Management System Market, growth prospects 2022-2032
FIGURE 6. Global Building Management System Market, porters 5 force model
FIGURE 7. Global Building Management System Market, PESTEL analysis
FIGURE 8. Global Building Management System Market, value chain analysis
FIGURE 9. Global Building Management System Market by segment, 2022 & 2032 (USD Billion)
FIGURE 10. Global Building Management System Market by segment, 2022 & 2032 (USD Billion)
FIGURE 11. Global Building Management System Market by segment, 2022 & 2032 (USD Billion)
FIGURE 12. Global Building Management System Market by segment, 2022 & 2032 (USD Billion)
FIGURE 13. Global Building Management System Market by segment, 2022 & 2032 (USD Billion)
FIGURE 14. Global Building Management System Market, regional snapshot 2022 & 2032
FIGURE 15. North America Building Management System Market 2022 & 2032 (USD Billion)
FIGURE 16. Europe Building Management System Market 2022 & 2032 (USD Billion)
FIGURE 17. Asia-Pacific Building Management System Market 2022 & 2032 (USD Billion)
FIGURE 18. Latin America Building Management System Market 2022 & 2032 (USD Billion)
FIGURE 19. Middle East & Africa Building Management System Market 2022 & 2032 (USD Billion)
FIGURE 20. Global Building Management System Market, company market share analysis (2023)
.....
This list is not complete; the final report does contain more than 50 figures. The list may be updated in the final deliverable.

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