Press release
Building Management System Market Size, Share & Analysis 2024-2033
Building Management System Market Size
As per the report, the building management system market size has grown exponentially in recent years. It will grow from $14.77 billion in 2023 to $18.43 billion in 2024 at a compound annual growth rate (CAGR) of 24.8%. The building management system market size is expected to see exponential growth in the next few years. It will grow to $44.9 billion in 2028 at a compound annual growth rate (CAGR) of 24.9%.
Download Free Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15319&type=smp
Driving Growth With Building Management Systems (BMS) In The Construction Industry
The rapid expansion of building and construction-related activities is expected to propel the growth of the building management system market going forward. Construction activities refer to any proposed or ongoing installation, repair, maintenance, or similar action on the land, including the movement of vehicles and cranes, the transport of building supplies, and the anchoring or shoring of rocks. BMS allows building managers to centrally control and manage multiple building systems from a single interface, including HVAC, lighting, security, and access control. This centralized control enables efficient operation and coordination of building functions, optimizing energy usage and occupant comfort. For instance, in June 2023, according to the United States Census Bureau, a US-based primary agency of the Federal Statistics System, construction spending reached $566.7 billion in the initial four months of 2023, an increase of 6.1 % compared to $533.9 billion in the same period of 2022. Therefore, the rapid expansion of building and construction-related activities drives the building management system market.
Innovating Building Management With Automated Solutions For Enhanced Efficiency
Major companies operating in the building management system are developing automated building management systems to streamline building operations, improve energy efficiency, and enhance occupant comfort. An automated building management system (BMS) is a centralized system that uses sensors, controllers, and software to automate and control various building systems. For instance, in January 2024, Honeywell International Inc., a manufacturer of building controls, launched advance control for buildings. This distinctive technology combines automation, machine learning, and cybersecurity to optimize building operations, increase energy efficiency, and enhance the overall occupant experience. Honeywell's Advance Control for Buildings represents a significant advancement in building control technology by leveraging existing wiring and strategic partnerships with semiconductor leaders such as NXP Semiconductors and Analog Devices Inc., offering faster network speeds, enhanced security, and increased operational efficiency.
The building management system market covered in this report is segmented -
1) By Component: Hardware, Software, Service
2) By Technology: Wireless Technologies, Wired Technologies
3) By End-User: Commercial Buildings, Residential Buildings, Industrial Buildings, Government And Public Buildings
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=15319&type=discount
Major companies operating in the building management system market are Siemens AG, United Technologies Corporation (UTC), International Business Machines Corporation (IBM), Cisco Systems Inc., Schneider Electric SE, Mitsubishi Electric Corporation, Honeywell International Inc., ABB Group, Johnson Controls International plc, Carrier Global Corporation, Trane Technologies plc, Emerson Electric Co., Legrand SA, Rockwell Automation Inc., Crestron Electronics Inc., Delta Controls Inc., Automated Logic Corporation, Trend Control Systems Ltd., KMC Controls Inc., Alerton, Reliable Controls Corporation, Distech Controls Inc. (Acuity Brands), Cylon Controls Ltd., Automated Building Controls (ABC) Ltd., Computrols Inc., Innotech Control Systems
Contents of the report:
1. Executive Summary
2. Building Management System Market Report Structure
3. Building Management System Market Trends And Strategies
4. Building Management System Market - Macro Economic Scenario
5. Building Management System Market Size And Growth
…..
27. Building Management System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/building-management-system-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Building Management System Market Size, Share & Analysis 2024-2033 here
News-ID: 3562918 • Views: …
More Releases from The Business research company
Evolving Market Trends In The Integrated Geophysical Services Industry: Enhancin …
The Integrated Geophysical Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Integrated Geophysical Services Market Size During the Forecast Period?
The integrated geophysical services market has experienced consistent growth in recent years, expected to rise from $2.35 billion in 2024 to…
Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, An …
The HR advisory services market report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since…
High Voltage Aluminium Electrolytic Capacitors Global Market Report 2025: Size, …
The high voltage aluminum electrolytic capacitors report describes and explains the high voltage aluminum electrolytic capacitors market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global high voltage aluminum electrolytic capacitors market reached a value of nearly $4.10301 billion in 2024, having grown at a compound annual growth…
Global Vertical Market Software Market: Key Trends, Market Share, Growth Drivers …
The vertical market software report describes and explains the vertical market software market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global vertical market software market reached a value of nearly $152.61027 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.11% since 2019.…
More Releases for Building
U.S. Pre-engineered Metal Building Market Set for Explosive Growth| Star Buildin …
Archive Market Research published a new research publication on "U.S. Pre-engineered Metal Building Market" with 230+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the U.S. Pre-engineered Metal Building market was mainly driven by the increasing R&D spending across the world. Some of the key players…
Wireless Building Management System Know Your Building™
The world's most comprehensive Wireless Building Management System revolutionizing how we monitor, manage and monetise the real estate industry. It is an interplay of Hardware & Software.
Know Your Building™ is the progression of traditional building management and automation systems into an informative system. Using Know Your Building™ every kind of stakeholder in a building can derive value, from every point of a building like never before.
3rd Floor, Wework Chromium, Jogeshwari…
Global Building Automation & Control Systems (BACS) Market 2019 – ABB, Honeywe …
Global ABS Sensor Market report is a concise study which extensively covers all the market statistics of ABS Sensor Industry. All the business trends, product portfolio, business tactics, and ABS Sensor industry landscape view is explained. The comprehensive research methodology and verified data sources will lead to data accuracy, authenticity, and reliability. The statistical data and ABS Sensor industry verticals presented in this report will lead to informed decision making.
The…
Global Building Automation & Control Systems (BACS) Market 2019 – ABB, Honeywe …
Global Building Automation & Control Systems (BACS) Market report include current market scenario and offers a comprehensive analysis on Building Automation & Control Systems (BACS)industry, standing on the readers’ perspective, delivering detailed market data and understanding insights. It comprises inclusive important points that significantly affect the growth of the market at a global level. It analyzes present scenario along with future trends in the market. The report is made after…
Building Automation & Control System Market Insights and Forecast to 2025 | Hone …
Recent research and the current scenario as well as future market potential of "Global Building Automation & Control System Market Insights, Forecast to 2025" globally.
This report presents the worldwide Building Automation & Control System market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers,…
BUILDING SYSTEMS INTEGRATION AND BUILDING INTREGRATED SOLAR SYSTEMS
Optimizing energy performance in buildings requires an integrated approach to building systems design, analysis and implementation. Building-integrated Solar Systems (BISS) is an increasingly popular approach for using the building skin as a means to harvest solar energy.
More recent techniques involve systems of lighting, lighting controls, sensors and shading devices all integrated with the building skin, and in turn integrated with the building HVAC systems. Such design strategies can reduce heat…
