BMS Market 2016 to grow at a CAGR of 8.18% during the period to 2020

BMS are deployed in large buildings for the efficient energy management, and they help in controlling and managing building facilities such as lighting, electricity, fire precautions, safety, security, and HVAC. These systems are installed in buildings such as commercial buildings, IT parks, hotels, restaurants, manufacturing plants, retail outlets, and residential buildings for effective facility management. They enable easy automation and help in managing buildings for better cost savings and improved performance.

Global BMS market to grow at a CAGR of 8.18% over the period 2015-2019.

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Manufacturing companies are integrating BMS with industrial automation to manufacture quality products and gain a competitive edge. This allows companies to differentiate themselves by providing better quality and reliable products. Most of the manufacturing processes have become automated to maintain consistency in their production.

The demand for BMSs is expected to increase during the forecast period with players in the Construction market focusing on reducing costs. Lately, the demand for BMSs in the Retail industry has increased. Retail outlet buildings have integrated fire alarms, security, lighting, and ventilation and air conditioning system controls for easy operability, providing the utmost comfort, and energy savings for retail tenants.

Covered in this Report

This report covers present scenario and the growth prospects of the Global BMS market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of BMS.

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Global BMS Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global BMS market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Vendors

Control4
Honeywell
Johnson control
Schneider Electric
Siemens

Other Prominent Vendor

Bosch
Legrand
Lutron Electronics
Tyco
United Technologies

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“BMS solutions are developed for easy monitoring of safety and security controls and other industry-specific applications,”.

“With an increase in competition among vendors offering BMSs, more features and operational capabilities are being incorporated into these systems to improve the operation of organizations.”

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