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Global Building Management System Market Expected to Secure Notable Revenue Share During 2021-2027 | Schneider, Johnson Controls, Siemens, UTC, Honeywell

03-29-2021 03:05 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Worldwide Market Reports

Building Management System Market

Building Management System Market

A building management system also known as BMS or a building automation system is a computer-based control system installed in buildings that monitors and controls the building's electrical and mechanical equipment such as lighting, ventilation, power systems, security systems, and fire systems. The primary function of BMS is to control the heating, HVAC, and ventilation systems. In terms of geography, the global building management system market is divided into six regions, such as North America, Europe, Asia Pacific, Middle East, Africa, and South America.

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Drivers:

Rising demand for eco-friendly and energy-efficient building, easy building maintenance and operation, cost-effective benefits to commercial, industrial, and residential users, and integrated systems are expected to drive the global building management system market growth. For instance, in November 2017, Johnson Controls developed BCPro, an advanced building automation system. BCPro provides various facilities such as customization, illumination, and editing for the easy access for viewing of data. Moreover, this system provides powerful and simple tools for easy set-up, and allows building operations to quickly view and access data. Furthermore, rising integration of IoT with devices replacing unconnected system in building is expected to propel the global building management system market growth.

Restraints:

Lack of awareness about BMS, high operating cost, high implementation cost, and lack of skilled workers are expected to hinder the global building management system market growth.

Regional Insights:

Europe is expected to witness significant growth in the global building management system market due to government initiatives, cost-effective and eco-friendly BMS solutions, rising awareness, and presence of major players such as Schneider Electric, Johnson Controls International PLC, Ingersoll-Rand Plc., ABB, and Bosch GmbH. For instance, In November 2019, Johnson Control acquired EasyIO Building and Energy Management System, this acquisition allowed Johnson Control to expand its reach in building automation, HVAC, and refrigeration markets and in November 2020, Johnson Controls selected Ontotext's GraphDB for the New Version of Metasys Building Automation System.

Moreover, Asia Pacific is also expected to witness substantial growth in the market due to rising demand for building management system from countries such as Japan, China, and India.

Competitive Section:

Major players operating in the global building management system market are Schneider, Johnson Controls, Siemens, UTC, Honeywell, Trane, Beckhoff, Delta Controls, Azbil, ASI, Cylon, Technovator, Deos, Carel, and Airedale.

In May 2018, Honeywell International unveiled IQ Vision, a building energy management system which enables the building owners to optimize and manage the usage of energy.
In June 2018, Honeywell launched the Honeywell Vector Space, a software solution which shows when, where, and how building spaces are being used at any given point in time.

Following are significant Table of Content of Building Management System Market Report:

1. Industry Overview of Building Management System Market.
2. Assembling Cost Structure Analysis of Building Management System Market.
3. Specialized Data and Manufacturing Plants Analysis of Building Management System Market.
4. Capacity, Production, and Revenue Analysis.
5. Value, Cost, Gross and Gross Margin Analysis of Building Management System Market by Regions, Types, and Manufacturers.
6. Utilization Volume, Consumption Value, and Sale Price Analysis of Building Management System Market industry by Regions, Types, and Applications
7. Supply, Import, Export, and Consumption Analysis of Building Management System Market.
8. Significant Manufacturers Analysis of Building Management System Market industry.
9. Advertising Trader or Distributor Analysis of Building Management System Market.
10.Industry Chain Analysis of Building Management System Market.

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Frequently Asked Questions

What are the key factors driving Building Management System Market expansion?
What will be the value of Building Management System Market during 2020- 2026?
Which region will make notable contributions towards global Building Management System Market revenue?
What are the key players leveraging Building Management System Market growth?

Contact Us:
Mr. Shah
Worldwide Market Reports
Seattle, WA 98154,
U.S.
Email: sales@worldwidemarketreports.com

About Us:

Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends. Worldwide Market Research’s well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future.

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