Pune, India -- (SBWire) -- 08/06/2018 --Building Management System Major Market 2018 Research Report explores effective study on varied sections of Market like opportunities, size, growth, technology, demand and trend of high leading players.
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.
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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.
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Major Market Drivers and Restraints:
- Increased demand of Energy-Efficient Systems
- Growing automation of security systems in buildings
- IOT in Building Automation System
- Development of Building Automation-Centric Wireless Protocols and Wireless Sensor Network Technology
- Infrastructure Growth
The trends in these systems are increasing demand for energy efficient system, need of automation of security system in buildings. Moreover, IOT integration of this system will provide the more secure and remotely controlled solution. All these factor will further increase the demand for these system.
Overview
- 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.,
- Buildingiq, Inc.,
- Lucid,
- Distech Controls Inc.,
- Gridpoint, Inc.,
- Bosch Security,
- Bajaj Electricals,
- Jardine Engineering Corporation,
- MS Group,
- Oberix, AllGreenEcotech,
- Phoenix Energy Technologies among others.
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Building Management System Market 2018: Key Companies, Trends, Challenges, Drivers, Analysis: Bajaj Electricals Ltd, Oberix Group., Phoenix Energy Technologies, IBM
“Global Building Management System Market" covers the present scenario and the growth prospects of the Global Building Management System Market during the period 2017-2024. For ascertaining the market size and vendor share, segmentation, market drivers.