Global BMS Market 2015-2019
BMS are deployed in large buildings for the efficient energy management, and they help in controlling and managing building facilities such as lighting, electricity, fire precautions, safety, security, and HVAC. These systems are installed in buildings such as commercial buildings, IT parks, hotels, restaurants, manufacturing plants, retail outlets, and residential buildings for effective facility management. They enable easy automation and help in managing buildings for better cost savings and improved performance.
TechNavio's analysts forecast the Global BMS market to grow at a CAGR of 8.18 percent over the period 2015-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global BMS market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of BMS.
TechNavio's report, the Global BMS Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global BMS market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key Vendors
Technavio Announces the Publication of its Research Report – Global BMS Market 2015-2019
Technavio recognizes the following companies as the key players in the Global BMS Market: Control4, Honeywell International Inc., Johnson Controls Inc., Schneider Electric SE and Siemens Industry
Other Prominent Vendors in the market are: Bosch, Legrand, Lutron Electronics, Tyco and United Technologies
Commenting on the report, an analyst from Technavio’s team said: “Manufacturing companies are integrating BMS with industrial automation to manufacture quality products and gain a competitive edge. This allows companies to differentiate themselves by providing better quality and reliable products. Most of the manufacturing processes have become automated to maintain consistency in their production.”
According to the report, the adoption of a BMS enhances the comfort level of employees within a building, thus resulting in better employee productivity. Increased inflation rates and fluctuating economic growth have created the need for organizations to achieve maximum productivity with minimum expenditure. Retail industries are increasingly adopting BMSs, especially in retail outlets, to increase their customer satisfaction and experience.
Further, the report states that the high cost of BMS installation is one key factor which is deterring companies from investing in BMSs. Vendors are continuously adding better functionality with advanced features in BMSs to remain competitive, which has increased the product price even more. BMSs need continuous support and services to function properly and some vendors are not able to meet customers' expectation, leading to customer dissatisfaction.
Control4, Honeywell, Johnson control, Schneider Electric, Siemens, Bosch, Legrand , Lutron Electronics, Tyco, United Technologies
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