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Global Building Management System Market – Industry Trends and Forecast to 2031

  • Semiconductors and Electronics
  • Published Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 50
  • No of Figures: 28

Global Building Management System Market, By System Type (Facility Management Systems (FMS), Security and Access Control Systems, Energy Management Systems, Building Management Software (BMS), Fire Protection Systems, and Others), Technology (Wireless Technologies and Wired Technologies), Application (Residential, Commercial, and Industrial) - Industry Trends and Forecast to 2031.

Building Management System Market

Building Management System Market Analysis and Size

The upsurge in the focus on designing energy-efficient and eco-friendly buildings, the rising adoption of automated security systems in commercial buildings, and the growing popularity of IoT-based Building Automation Systems (BASs) are some of the major factors driving the market growth.

However, the emergence of security issues and the high maintenance cost of BASs as a problem for manufacturers in manufacturing innovative products, are some of the major factors restraining the market growth.

Building Management System MarketBuilding Management System Market

Data Bridge Market Research analyzes that the global building management system market is expected to reach USD 200,517,985.93 thousand by 2031 from USD 88,841,536.28 thousand in 2023, growing with a CAGR of 11.4% during the forecast period of 2024 to 2031.

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Thousand

Segments Covered

System Type (Facility Management Systems (FMS), Security and Access Control Systems, Energy Management Systems, Building Management Software (BMS), Fire Protection Systems, and Others), Technology (Wireless Technologies and Wired Technologies), Application (Residential, Commercial, and Industrial)

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Italy, Turkey, Spain, Netherlands, Russia, Belgium, Switzerland, Rest of Europe, China, Japan, South Korea, India, Australia, Singapore, Malaysia, Thailand, Philippines, Indonesia, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Israel, Egypt, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America

Market Players Covered

Johnson Controls, Schneider Electric, Siemens, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International Inc., Trane Technologies plc, IBM, Convergint Technologies LLC, Veolia, Delta Controls, ACUITY BRANDS, INC., Snap One, LLC, Virtusa Corp., Crestron Electronics, Beckhoff Automation GmbH & Co. KG, Bajaj Electricals Ltd, GridPoint, UNIPOWER, Novius Services, Elipse Software, BuildingIQ, and Axonator Inc among others

Global Building Management System Market Definition

Building Management System (BMS) is a computer-based system that manages and monitors various building systems, such as heating, ventilation, air conditioning, lighting, security, fire prevention, and energy supply. It can reduce energy consumption, maintenance costs, and environmental impact by adjusting the settings of the building systems according to the data collected by sensors and meters. A BMS can also provide real-time information and alerts to the building operators and managers, allowing them to control and optimize the performance of the building.

Global Building Management System Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers

  • Upsurge in the Focus for Designing Energy-Efficient and Eco-Friendly Buildings

Energy conservation through energy efficiency in the building has acquired prime importance worldwide. The main aspects of energy efficiency in a building include energy-passive building design before actual construction and low-energy building materials during construction. The main focus of green building construction is the integration of renewable energy technologies and the use of efficient equipment with low operational energy requirements.

Energy consumption in buildings and infrastructure increases exponentially, suggesting the need to develop alternatives to save energy and sustainably operate buildings. Energy efficiency can be achieved with insulation, improved building techniques, and modified construction methods for buildings, raising the demand for sustainable automation systems. As a result, this increases the demand for building management systems, which is driving the market growth.

  • Rising Adoption of Automated Security Systems in Commercial Buildings

Security systems are essential for all buildings, especially for commercial buildings. It guarantees business operations' consistency and the security of physical and intellectual property. Commercial properties such as industrial enterprises, financial and governmental institutions, schools, medical facilities, and oil and gas companies require a unique set of safety and security measures as each type of property is vulnerable to different hazards.

A security system for commercial buildings presents a more comprehensive solution than typical apartment building security systems and comprises different automation systems. This includes multi-layered commercial access control, various sensors and detectors, such as infrared, microwave, or laser sensors, and perimeter security (CCTV). All commercial security systems can be integrated into a complex security solution with greater flexibility and scalability and thus, propelling the market growth.

Building Management System Market

Opportunity

  • Favorable Government Initiatives and Incentives for Emerging Smart Cities

Smart buildings include advanced building automation and management technology that improves the way governments monitor and control machinery, heating, cooling, and lighting systems in federal buildings across the countries, increasing the efficiency of these systems. Building management system technology collects raw data from mechanical or electrical systems, analyses it, and uses the results to identify inefficiencies that can be corrected immediately.

The smart buildings initiative allows governments to make a real difference by implementing innovative technologies and identifying opportunities to save energy. Through the smart buildings initiative, the government is stepping up efforts to improve energy performance management in federal buildings. This will lead to a reduction in environmental footprint and energy costs by implementing intelligent BMSs. Through the smart building initiative, the government of every country is improving the energy performance management of federal buildings, which results in lower greenhouse gas emissions and reduced energy costs. Thus, it is projected to create a significant opportunity for market growth.

Restraint/Challenge

  • Emergence of Security Issues

In recent years, many buildings have been installed with two-way communication systems for advanced monitoring and controlling resources from the data center, which fosters the need for automation systems. Therefore, the spread of BMSs has also increased the prevalence of cyberattacks on companies, government institutions, and other newly built buildings, due to which genuine concerns are likely to emerge on the buildings' security systems.

Malicious software can penetrate a building system through unsecured networks and cause disruptions. Technical issues and other viral threats can often lead to loss of communication and access to sensitive data, affecting the operation of devices such as video surveillance in buildings.

While the market continues to grow, the emergence of security issues considerably restrains its progress. Therefore, cybersecurity vulnerabilities, if not properly addressed, can compromise buildings' safety, privacy, and functionality. To sustain the market growth and ensure the security of critical infrastructure, stakeholders must prioritize and invest in robust cybersecurity measures. Moreover, when a building connects all the devices in the system to a single control network, there is a risk that a malicious user or outsider could effectively hack into the building, decreasing the demand for building management systems and restraining the market growth.

Recent Developments

  • In October 2023, Hangzhou Hikvision Digital Technology Co., Ltd. partnered with green-building efficiency using 'digital twins.' Hikvision developed an advanced digital twin solution to meet the rising demand for smart and eco-friendly construction. The solution creates a digital replica of buildings, allowing real-time monitoring of key indicators such as energy efficiency and security. This enables quick interventions during incidents or tech issues, enhancing overall operational effectiveness
  • In June 2023, Atrius, a division of ACUITY BRANDS, INC., unveiled Atrius DataLab, its latest building automation platform. The product, launched yesterday, revolutionizes operations in built spaces by offering centralized control. Atrius DataLab facilitates the swift automation of applications for scalable control. The platform, built on Microsoft Azure, provides a data-agnostic architecture. It empowers users to create customized applications, aiding facilities, energy, and sustainability managers in tracking and reporting resource consumption
  • In May 2023, ACUITY BRANDS, INC. completed its acquisition of KE2 Therm Solutions, Inc. The industrial technology company integrated KE2 Therm, known for intelligent refrigeration control solutions, into Distech Controls within the Intelligent Spaces Group business segment. This move aims to enhance system efficiency and reduce operational and service costs, contributing to improved profitability. This acquisition helped the company increase product offerings and reach new customers in the commercial market
  • In March 2022, GridPoint, a key player in energy management tech, successfully concluded a USD 75.00 million capital raise. The Sustainable Investing Group at Goldman Sachs Asset Management spearheaded the strategic funding, joined by Shell Ventures. The investment will propel GridPoint's efforts in decarbonizing commercial buildings and advancing grid modernization
  • In December 2021, ACUITY BRANDS, INC. launched Atrius Building Manager, a cloud solution aiming to cut costs and enhance building efficiency. The platform debuted today initially focuses on lighting control to reduce operational expenses and boost occupant satisfaction. Atrius Building Manager delivers scalable, integrated features for improved visibility and automation across various commercial building types. This launch helped the company meet consumer demand by providing comparatively cheaper options to manage lighting systems and saving labor cost

Global Building Management System Market Scope

The global building management system market is segmented into three notable segments based on system type, technology, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

System Type

  • Facility Management Systems(FMS)
  • Security and Access Control Systems
  • Energy Management Systems
  • Building Management Software (BMS)
  • Fire Protection Systems
  • Others

On the basis of system type, the global building management system market is segmented into Facility Management Systems (FMS), fire protection systems, security and access control systems, energy management systems, Building Management Software (BMS), and others.

Technology

  • Wireless Technologies
  • Wired Technologies

On the basis of technology, the global building management system market is segmented into wireless technologies and wired technologies.

Application

  • Residential
  • Commercial
  • Industrial

On the basis of application, the global building management system market is segmented into residential, commercial, and industrial.

Building Management System Market

Global Building Management System Market Regional Analysis/Insights

The global building management system market is segmented into three notable segments based on the system type, technology, and application.

The countries covered in this market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Turkey, Spain, Netherlands, Russia, Belgium, Switzerland, rest of Europe, China, Japan, South Korea, India, Australia, Singapore, Malaysia, Thailand, Philippines, Indonesia, rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Israel, Egypt, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

Europe is expected to dominate the global building management system market as it has major manufacturers and a high demand for BMSs. Germany is expected to dominate in the Europe region due to the increase in the incidences of security breaches and the rise in the need for innovative safety and security solutions. The U.S. is expected to dominate in the North America region due to the increased spending capacity of the consumers for digitalizing the building facilities which is augmenting the demand of the market. China is expected to dominate in the Asia-Pacific region due to the rising demand for eco-friendly buildings.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, and the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Building Management System Market

Global Building Management System Market Competitive Landscape and Market Share Analysis

The global building management system market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the market.

Some of the major market players operating in this global building management system market are Johnson Controls, Schneider Electric, Siemens, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International Inc., Trane Technologies plc, IBM, Convergint Technologies LLC, Veolia, Delta Controls, ACUITY BRANDS, INC., Snap One, LLC, Virtusa Corp., Crestron Electronics, Beckhoff Automation GmbH & Co. KG, Bajaj Electricals Ltd, GridPoint, UNIPOWER, Novius Services, Elipse Software, BuildingIQ, and Axonator Inc among others.


SKU-

TABLE 1 BUILDING AUTOMATION SYSTEM REGULATIONS

TABLE 2 VIDEO SURVEILLANCE PRIVACY AND WIRETAPPING REGULATIONS

TABLE 3 GOVERNMENT REGULATIONS FOR BIOMETRIC SYSTEM

TABLE 4 COMPREHENSIVE IMPORT DATA OF THE BUILDING MANAGEMENT SYSTEM

TABLE 5 COMPREHENSIVE EXPORT DATA OF THE BUILDING MANAGEMENT SYSTEM

TABLE 6 GLOBAL BUILDING MANAGEMENT SYSTEM MARKET, BY SYSTEM TYPE, 2022-2031 (USD THOUSAND)

TABLE 7 GLOBAL FACILITY MANAGEMENT SYSTEMS(FMS) IN BUILDING MANAGEMENT SYSTEM MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 8 GLOBAL FACILITY MANAGEMENT SYSTEMS (FMS) IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 9 GLOBAL HVAC CONTROL SYSTEMS IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 10 GLOBAL ACTUATORS IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 11 GLOBAL DAMPERS IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 12 GLOBAL SMART DEVICES IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 13 GLOBAL LIGHTING CONTROL SYSTEMS IN BUILDING MANAGEMENT SYSTEM MARKET, BY SYSTEM, 2022-2031 (USD THOUSAND)

TABLE 14 GLOBAL HARDWARE IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 15 GLOBAL SERVICES IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 16 GLOBAL SECURITY AND ACCESS CONTROL SYSTEMS IN BUILDING MANAGEMENT SYSTEM MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 17 GLOBAL SECURITY AND ACCESS CONTROL SYSTEMS IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 18 GLOBAL BIOMETRIC SYSTEMS AND ACCESS CONTROL SYSTEMS IN BUILDING MANAGEMENT SYSTEM MARKET, BY SYSTEM, 2022-2031 (USD THOUSAND)

TABLE 19 GLOBAL HARDWARE IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 20 GLOBAL SERVICES IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 21 GLOBAL VIDEO SURVEILLANCE SYSTEMS IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 22 GLOBAL HARDWARE IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 23 GLOBAL SERVICES IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 24 GLOBAL ENERGY MANAGEMENT SYSTEMS IN BUILDING MANAGEMENT SYSTEM MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 25 GLOBAL BUILDING MANAGEMENT SOFTWARE (BMS) IN BUILDING MANAGEMENT SYSTEM MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 26 GLOBAL FIRE PROTECTION SYSTEMS IN BUILDING MANAGEMENT SYSTEM MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 27 GLOBAL FIRE PROTECTION SYSTEMS IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 28 GLOBAL SENSORS AND DETECTORS IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 29 GOBAL SMOKE DETECTORS IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 30 GLOBAL FLAME DETECTORS IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 31 GLOBAL OTHERS IN BUILDING MANAGEMENT SYSTEM MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 32 GLOBAL BUILDING MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY, 2022-2031 (USD THOUSAND)

TABLE 33 GLOBAL WIRELESS TECHNOLOGIES IN BUILDING MANAGEMENT SYSTEM MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 34 GLOBAL WIRELESS TECHNOLOGIES IN BUILDING MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY, 2022-2031 (USD THOUSAND)

TABLE 35 GLOBAL WIRED TECHNOLOGIES IN BUILDING MANAGEMENT SYSTEM MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 36 GLOBAL MANAGED NETWORK SERVICES IN TELECOM MANAGED SERVICES MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 37 GLOBAL BUILDING MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2022-2031 (USD THOUSAND)

TABLE 38 GLOBAL RESIDENTIAL IN BUILDING MANAGEMENT SYSTEM MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 39 GLOBAL RESIDENTIAL IN BUILDING MANAGEMENT SYSTEM MARKET, BY SYSTEM TYPE, 2022-2031 (USD THOUSAND)

TABLE 40 GLOBAL FACILITY MANAGEMENT SYSTEMS (FMS) IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 41 GLOBAL SECURITY AND ACCESS CONTROL SYSTEMS IN BUILDING MANAGEMENT SYSTEM MARKET, BY SYSTEM TYPE, 2022-2031 (USD THOUSAND)

TABLE 42 GLOBAL COMMERCIAL IN BUILDING MANAGEMENT SYSTEM MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 43 GLOBAL COMMERCIAL IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 44 GLOBAL COMMERCIAL IN BUILDING MANAGEMENT SYSTEM MARKET, BY SYSTEM TYPE, 2022-2031 (USD THOUSAND)

TABLE 45 GLOBAL FACILITY MANAGEMENT SYSTEMS (FMS) IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 46 GLOBAL SECURITY AND ACCESS CONTROL SYSTEMS IN BUILDING MANAGEMENT SYSTEM MARKET, BY SYSTEM TYPE, 2022-2031 (USD THOUSAND)

TABLE 47 GLOBAL INDUSTRIAL IN BUILDING MANAGEMENT SYSTEM MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 48 GLOBAL INDUSTRIAL IN BUILDING MANAGEMENT SYSTEM MARKET, BY SYSTEM TYPE, 2022-2031 (USD THOUSAND)

TABLE 49 GLOBAL FACILITY MANAGEMENT SYSTEMS (FMS) IN BUILDING MANAGEMENT SYSTEM MARKET, BY TYPE, 2022-2031 (USD THOUSAND)

TABLE 50 GLOBAL SECURITY AND ACCESS CONTROL SYSTEMS IN BUILDING MANAGEMENT SYSTEM MARKET, BY SYSTEM TYPE, 2022-2031 (USD THOUSAND)

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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional 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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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The building management system market size will be worth USD 200,517,985.93 thousand by 2031.
The growth rate of the building management system market is 11.4% in the forecast by 2031.
Major companies in the building management system market are Johnson Controls, Schneider Electric, Siemens, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International Inc., Trane Technologies plc, IBM, Convergint Technologies LLC, Veolia, Delta Controls, ACUITY BRANDS, INC., Snap One, LLC, Virtusa Corp., Crestron Electronics, Beckhoff Automation GmbH & Co. KG, Bajaj Electricals Ltd, GridPoint, UNIPOWER, Novius Services, Elipse Software, BuildingIQ, and Axonator Inc among others.
Upsurge in the focus for designing energy-efficient and eco-friendly buildings & rising adoption of automated security systems in commercial buildings are the growth drivers of the building management system market.
System type, technology, and application are the factors on which the building management system market research is based.
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