Building Management Systems (BMS) or building automation systems (BAS) are computer based control systems installed in buildings, which monitor and control the building’s electrical and mechanical equipment such as security system, fire system, power system, lighting and ventilation.
Data Bridge Market Research provides new industry report “Global Building Management System Market” accounted to USD 54.0 billion in 2016 growing at a CAGR of 11.0% during the forecast period of 2017 to 2024.
Major Market Competitors of Global Building Management System Market
Some of the major players operating in Building Management System Market are
- Johnson Controls International PLC,
- Honeywell International Inc.,
- Siemens AG,
- Schneider Electric SE,
- United Technologies Corp.,
- IBM Corporation,
- Ingersoll-Rand PLC,
- Delta Controls,
- Crestron Electronics, Inc.,
- Distech Controls Inc.,
- Gridpoint, Inc.,
- Bosch Security,
- Bajaj Electricals
- Among others.
In 2017, Honeywell launched new particle sensor designed to help building owners and consumers monitor the air for potentially harmful particulate contaminants caused by dust, soot and smoke.
Market Segmentation of Global Building Management System Market
On the basis of software the Building Management System Market is segmented into Facility Management, Security Management, Energy Management, Emergency Management, and Infrastructure Management. The Energy Management market is expected to grow in the forecasted period.
The Facility management is further divided into Lighting Control, HVAC Control. The Lighting control market is expected to grow in the forecasted period.
The Security management is further divided into Video Surveillance, Access Control. The Access control market is expected to grow in the forecasted period.
On the basis of services type the Building Management System Market is segmented into Professional Services, Managed Services. The Managed service market is expected to grow in the forecasted period.
On the basis of application the Building Management System Market is segmented into Residential, Commercial, and Industrial. The Industrial market is expected to grow in the forecasted period.
This report also presents Building Management System product specification, manufacturing process, and product cost structure. Production is separated by regions, technology and applications.
In the end, the report includes Building Management System new project SWOT analysis, investment feasibility analysis, investment return analysis, and development trend analysis.
Read more about Global Building Management System Market Report at databridgemarketresearch.com/repor…nt-system-market/
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