Building Management System Market In-depth Analysis 2019-2026
This Market report is an exceptional report that makes it possible to the industry to take strategic decisions and achieve growth objectives. The analysis of this report has been used to examine various segments that are relied upon to witness the quickest development based on the estimated forecast frame.
Worldwide Building Management System Industry 2019 Market Research Report is spread crosswise over 129 pages and gives restrictive essential insights, information, data, patterns and aggressive scene points of interest in this specialty division.
Here are the names of top key players which are covered in this report: Honeywell International Inc, Johnson Controls, Schneider Electric, Siemens, United Technologies, ABB, Azbil Corporation, Delta Controls, LARSEN & TOUBRO LIMITED, Mitsubishi Electric Corporation, Robert Bosch GmbH, others
Building Management Systems (BMS) are software-based building control systems that track and control the building’s mechanical and electrical devices including fire system, security system, lighting, power system, and ventilation. Management systems for building are composed of software and hardware. The tendency of these systems is surging preference for eco-friendly, energy efficient, and demand for automation for security system in buildings.
Global building management system market is expected to register a healthy CAGR of 17.10% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to surging preference for energy-efficient and eco-friendly buildings and cost benefits to commercial, residential, and industrial users.
North America: US, Canada, Mexico
South America: Brazil, Argentina, Rest of South America
Asia-Pacific: Japan, China, South Korea, India, Australia, Singapore, Malaysia
Middle East and Africa: South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Key Developments in the Market
In May 2018, Honeywell International Inc. had launched IQ Vision. It is a building energy management system which enables the building owners to optimize and manage the usage of energy. It has integrated various tools on a platform such as smart devices, internet protocols and trend controllers. This launch will enable the building owners to effectively control the building system.
Highlights following Drivers and Restraint:
- Surging preference for eco-friendly and energy-efficient buildings, is driving the market growth
- Cost benefits to commercial, residential, and industrial users, is helping the market to grow
- Reduction in building maintenance and operation, is flourishing the market growth
- Surging IOT in building automation system, drives the market growth
- Lack of skilled professionals, hinders the market growth
- High initial and installation costs, hampers the market growth
Table of Contents
BUILDING MANAGEMENT SYSTEM LANDSCAPE
BUILDING MANAGEMENT SYSTEM– KEY MARKET DYNAMICS
BUILDING MANAGEMENT SYSTEM– GLOBAL MARKET ANALYSIS
BUILDING MANAGEMENT SYSTEM– REVENUE AND FORECASTS TO 2026 – TECHNOLOGY TYPE
BUILDING MANAGEMENT SYSTEM– REVENUE AND FORECASTS TO 2026 – SERVICES
BUILDING MANAGEMENT SYSTEM– REVENUE AND FORECASTS TO 2026 – APPLICATION
BUILDING MANAGEMENT SYSTEM– REVENUE AND FORECASTS TO 2026 – END-USER
BUILDING MANAGEMENT SYSTEM REVENUE AND FORECASTS TO 2026 – GEOGRAPHICAL ANALYSIS
BUILDING MANAGEMENT SYSTEM, KEY COMPANY PROFILES
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