PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1441938
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1441938
Building Management Systems Market - By Component (Hardware, Software, Services), By Type (Standalone BMS, Integrated BMS, IOT-Based BMS), By System, By Deployment (On-Premises, Cloud-Based), By End-use & Forecast 2024 - 2032
The Building Management System (BMS) market is expected to grow at a CAGR of 13.5% during 2024-2032, driven by the integration of advanced technologies such as IoT and cloud-based platforms that help in predictive maintenance and real-time data analysis.
The UNEP in its 2020 GAP report identified 6 sectors, namely nature-based solutions, energy, building & cities, Industry, transport and agriculture, that can help keep the global temperature below 1.5 degree Celsius, thereby ensuring a safer climate and reduction of carbon footprint. Organizations across various sectors are realizing the importance of optimizing energy consumption and reducing carbon footprint. BMS solutions offer centralized control and monitoring capabilities, enabling efficient management of building resources such as lighting, HVAC, and security systems.
The Building Management System (BMS) market is classified based on component, type, system, deployment and region.
The hardware segment is poised to register decent growth through 2032, owing to its ability to provide seamless integration and functionality. Key components such as controllers, sensors, actuators, and other peripheral devices are designed to interface with various building systems and equipment, providing data inputs and receiving commands from the central control system. Advancements in hardware technology, including miniaturization, improved performance, and enhanced connectivity options, contribute to the scalability and flexibility of BMS solutions, catering to the diverse needs of modern buildings and facilities.
The HVAC (Heating, Ventilation, and Air Conditioning) system segment is anticipated to showcase steady growth till 2032, owing to its role in maintaining indoor air quality, thermal comfort, and energy efficiency. Integrated with BMS platforms, HVAC systems leverage advanced control algorithms and sensors to optimize temperature regulation, ventilation, and humidity levels based on occupancy patterns and external environmental conditions. The demand for energy-efficient HVAC solutions, coupled with stringent regulatory standards, drives the adoption of BMS-enabled HVAC systems across various end-user segments.
North America Building Management System (BMS) market size is set to expand through 2032, driven by the strong emphasis on infrastructure modernization, coupled with stringent energy efficiency regulations. The increasing investments in smart building projects and the integration of IoT technologies contribute to the rapid adoption of BMS solutions. With a growing awareness of the benefits of centralized building management and the need for sustainable building practices, the region is expected to maintain its dominance in the global BMS market landscape.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Building management systems industry 360 degree synopsis, 2018 - 2032
- 2.2 Business trends
- 2.3 Regional trends
- 2.4 Component trends
- 2.5 Type trends
- 2.6 System type trends
- 2.7 Deployment trends
- 2.8 End-use trends
Chapter 3 Building Management Systems Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.6.1 Partnership/collaboration
- 3.6.2 Merger/acquisition
- 3.6.3 Investment
- 3.6.4 Product launch & innovation
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.2 Rising emphasis on sustainability
- 3.8.3 Technological advancements
- 3.8.4 Demand for energy efficiency
- 3.8.5 Growth of smart buildings
- 3.8.6 Advancements in IoT and data analytics
- 3.8.7 Industry pitfalls & challenges
- 3.8.8 High initial implementation costs
- 3.8.9 Complex integration challenges
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.11 Pestel analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share, 2023
- 4.3 Competitive analysis of major market players, 2023
- 4.3.1 ABB Ltd.
- 4.3.2 Beckhoff Automation Gmbh & Co. Kg
- 4.3.3 Bosch Terotechnology Corporation
- 4.3.4 Buildingiq Inc.
- 4.3.5 Carrier Global Corporation
- 4.3.6 Crestron Electronics, Inc.
- 4.3.7 Delta Controls Inc.
- 4.4 Competitive positioning matrix, 2023
- 4.5 Strategic outlook matrix, 2023
Chapter 5 Building Management Systems Market Estimates & Forecast, By Component, 2018-2032 (USD Million)
- 5.1 Key trends, by component
- 5.2 Hardware
- 5.3 Software
- 5.4 Services
Chapter 6 Building Management Systems Market Estimates & Forecast, By Type, 2018-2032 (USD Million)
- 6.1 Key trends, by type
- 6.2 Standalone BMS
- 6.3 Integrated BMS
- 6.4 IoT-based BMS
Chapter 7 Building Management Systems Market Estimates & Forecast, By System Type, 2018-2032 (USD Million)
- 7.1 Key trends, by system type
- 7.2 HVAC system
- 7.3 Fire and safety
- 7.4 Energy management
- 7.5 Security and access control
- 7.6 Smart building integration
- 7.7 Facility management system
- 7.8 Emergency management
- 7.9 Other
Chapter 8 Building Management Systems Market Estimates & Forecast, By Deployment, 2018-2032 (USD Million)
- 8.1 Key trends, by deployment
- 8.2 On-premises
- 8.3 Cloud-based
Chapter 9 Building Management Systems Market Estimates & Forecast, By End-use, 2018-2032 (USD Million)
- 9.1 Key trends, by end-use
- 9.2 Commercial building
- 9.3 Industrial building
- 9.4 Residential building
Chapter 10 Building Management Systems Market Estimates & Forecast, By Region, 2018-2032 (USD Million)
- 10.1 Key trends, by region
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.3.7 Rest of Europe
- 10.4 Asia-Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia-Pacific
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
- 10.6 MEA
- 10.6.1 GCC
- 10.6.2 South Africa
- 10.6.3 Rest of MEA
Chapter 11 Company Profiles (Business Overview, Financial Overview, Product Landscape, Strategic Outlook, SWOT Analysis)
- 11.1 ABB Ltd.
- 11.2 Beckhoff Automation GmbH & Co. KG
- 11.3 Bosch Thermotechnology Corporation
- 11.4 BuildingIQ Inc.
- 11.5 Carrier Global Corporation
- 11.6 Crestron Electronics, Inc.
- 11.7 Delta Controls Inc.
- 11.8 Emerson Electric Co.
- 11.9 Honeywell International Inc.
- 11.10 Johnson Controls International Plc.
- 11.11 Legrand SA
- 11.12 Mitsubishi Electric Corporation
- 11.13 Schneider Electric SE
- 11.14 Siemens AG
- 11.15 Trane Technologies plc
