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Recent Research Says "Building Management System Market ” Insight Growth in Coming Years Across the Globely with at a CAGR of 11.0%
Global Building Management System Market will Grow Impressively at a CAGR of over +11.0% by 2024
“Global Building Management System Market", By Software {Facility Management (Lighting Control, HVAC Control), Security Management(Video Surveillance, Access Control), Energy Management, Emergency Management, Infrastructure Management)} By Service type (Professional Services, Managed Services) By application (Residential, Commercial, Industrial)By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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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.
Global Building Management System Market – Major Market Drivers and Restraints:
• Increased demand of Energy-Efficient Systems
• Growing automation of security systems in buildings
• IOT in Building Automation System
• Development of Building Automation-Centric Wireless Protocols and Wireless Sensor Network Technology
• Infrastructure Growth
Global Building Management System Market Segmentation:
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.
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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.
Global Building Management System Market Competitive Analysis:
Building Management System Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
Global Building Management System Major Market Competitors:
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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