Building Management System Market Trends and Forecast
The future of the building management system (BMS) market looks promising with opportunities in the residential, commercial, and industrial sectors.The global building management system market is expected to reach an estimated $35.8 billion by 2030 with a CAGR of 13.8% from 2024 to 2030. The major growth drivers for this market are increasing demand for energy-efficient and eco-friendly buildings, growing integration of IoT, and simplified building operation and maintenance.
A more than 150 pages report is developed to help in your business decisions. Sample figures with some insights are shown below.
Building Management System Market by Segment
The study includes the Building management system market size and forecast for the building management system market through 2030, segmented by software, service type, end use industry, and region as follows:
By Software [$M shipment analysis for 2018 - 2030]:
- Facility Management
- Security Management
- Energy Management
- Infrastructure Management
- Emergency Management
By Service Type [$M shipment analysis for 2018 - 2030]:
- Professional Services
- Managed Services
By End Use Industry: [$M shipment analysis for 2018 - 2030]:
- Residential
- Commercial
- Industrial
By Region [$M shipment analysis for 2018 - 2030]:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- Asia Pacific
- China
- Japan
- India
- Rest of the World
Some of the building management system companies profiled in this report include Honeywell International Inc.; Johnson Controls International PLC; Schneider Electric SE; Siemens AG; United Technologies Corp.; ABB Ltd.; Azbil Corporation; Delta Controls; Larsen & Toubro Limited.; Mitsubishi Electric Corporation, and others.
Features of of Building Management System Market
- Market size estimates: Building management system market size estimation in terms of value ($M) shipment.
- Trend and forecast analysis: Market trend (2018-2023) and forecast (2024-2030) by end use industry.
- Segmentation analysis: Market size by various applications such as by software, service type, end use industry, and region.
- Regional analysis: Building management system market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth opportunities: Analysis on growth opportunities in different applications and regions for building management system in the building management system market.
- Strategic analysis: This includes M&A, new product development, and competitive landscape for, building management system in the Building management system market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the building management system market by software (facility management, security management, energy management, infrastructure management, and emergency management), service type (professional services and managed services), end use industry (residential, commercial, and industrial), and region (North America, Europe, APAC, and ROW)?
Q.2 which segments will grow at a faster pace and why?
Q.3 which regions will grow at a faster pace and why?
Q.4 what are the key factors affecting market dynamics? What are the drivers and challenges of the building management system market?
Q.5 what are the business risks and threats to the building management system market?
Q.6 What are emerging trends in this building management system market and the reasons behind them?
Q.7 what are some changing demands of customers in the building management system market?
Q.8 what are the new developments in the building management system market? Which companies are leading these developments?
Q.9 Who are the major players in this building management system market? What strategic initiatives are being implemented by key players for business growth?
Q.10 what are some of the competitive products and processes in this building management system area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, building management system market?
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