Global Building Management System Market Insights and Forecast to 2028

Building Management System Market Outlook 2028

The global Building Management System market size is projected to reach US$ 9973.6 million by 2028, from US$ 4644 million in 2021, at a CAGR of 11.4% during 2022-2028. The mechanical and electrical components of a building, such as the heating, ventilation, lighting, and power systems, are controlled and monitored by building energy management systems (BEMS), which are computer-based control systems. They connect the building services plant back to a central computer to allow control of on/off periods, temperatures, humidity, etc. They are also known as building management systems (BMS). Software, hardware, and other items are all included in the Building Energy Management System (BEMS) market. Schneider Electric, Siemens, Honeywell, Johnson Controls, and other common participants are listed here. 

Building Management System

Building energy management systems (BEMS) are computer-based control systems that control and monitor a building’s mechanical and electrical equipment such as heating, ventilation, lighting, power systems etc. Sometimes called building management systems (BMS), they connect the building services plant back to a central computer to allow control of on/off times, temperatures, humidity etc. The Building Energy Management System (BEMS) market covers Software, Hardware, etc. The typical players include Schneider Electric, Siemens, Honeywell, Johnson Controls, etc.

Building Management System Market Trends

To monitor and manage the following operations, including electrical distribution panels, water consumption, air conditioning systems, lighting control, and CCTV system monitoring, among others, a wide range of residential and commercial sectors have adopted the Building Management System (BMS). The technology offers diagnostic techniques for better building energy efficiency. This factor is expected to drive the growth of the Building Management System mark

One of the primary factors propelling the Building Management System market for building management systems is the acceleration of economic expansion. Additionally, the industry is positively impacted by the growing demand for sophisticated energy services to combat poverty and enhance the quality of life. 

The Building Management System market expansion is accelerated by the availability of numerous sensors, including vibration, temperature, and load. The semiconductor industry's ongoing technological developments and the fierce competition among different manufacturers also contribute to the market's expansion.

The rise in security breach occurrences and the demand for creative safety and security solutions are further market drivers. The Building Management System market is further driven by the rise in initiatives done by industry participants to supply enhanced fence solutions in response to consistently changing end-user demands. Additionally, the building management system market is positively impacted by rapid urbanization, lifestyle changes, an increase in investments, and higher consumer spending.

The building management system uses software to function. The process will be automated when this program is combined with a variety of applications, including a parking system, lighting system, and many more. For instance, it may be necessary to turn on the building's lights in the evening. This work will be integrated with the building management system so that it can keep track of the time and turn on the lights automatically when necessary, on schedule, and without delay. As a result, an increase in the market's demand for building management systems will be primarily driven by how efficiently these systems operate.

Building Management System Market Size And Share

Because of technological advancements and the availability of low-cost, skilled labor in the region, Asia-Pacific (APAC) is predicted to experience significant growth during the forecast period of 2022 to 2029.

Building Management System Market Segment and Scope

Building Management System market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Building Management System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.

Building Management System Market Segment By Type

• BACnet
• LonWorks
• Others

Building Management System Market Segment By Application

• Residential Buildings
• Office & Commercial
• Manufacturing Plant
• Other

By Company

• Johnson Controls
• Schneider
• Siemens
• Honeywell
• UTC
• Trane
• Delta Controls
• Beckhoff
• Azbil
• Cylon
• ASI
• Technovator
• Carel
• Deos
• Airedale

By Region

• North America
• United States
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA