Pune, India -- (SBWIRE) -- 07/23/2018 -- global 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.

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., Buildingiq, Inc., Lucid, Distech Controls Inc., Gridpoint, Inc., Bosch Security, Bajaj Electricals, Jardine Engineering Corporation, MS Group, Oberix, AllGreenEcotech, Phoenix Energy Technologies 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.

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The 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. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Report 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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Reasons to Purchase this Report

- Current and future of global building management system Market outlook in the developed and emerging markets

- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.

- Regions/countries that are expected to witness the fastest growth rates during the forecast period

- The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report

- The report includes the complete segmentation displayed above across all above mentioned countries

- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

Key questions answered in this report

1. What will be the market size in 2024 and what will the growth rate?

2. What are the key market trends?

3. What is driving this market?

4. What are the challenges to market growth?

5. Who are the key vendors in this market space?

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