Building Management System Market

06 May


Building Management System Market Poised to Grow at a CAGR of 14.1% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Building Management System Market. The report presents analysis of global as well as regional markets of building management system market over the period of 2016 to 2024. The building management system is significantly used in the industrial, commercial and residential building owing to its energy efficiency, cost effective, high Comfort and several others benefits. The factor driving the growth of BMS market is the energy and cost effective solutions offered by building management system market especially in the commercial industries. In addition, the demand of energy efficient and ecofriendly building is rising vary rapidly across the world that is likely to escalate the growth of Building management system market. However, the installation cost of building management system is high that may restrain the growth of building management system market.


Moreover, the trending integration of internet of things (IoT) with the various system and the Integration of Analytics in building management are projected to create the several opportunities in the building management system market in upcoming years. In addition, growing demand of building management system across various emerging regions is expected to contributing in the growth of BMS market over the forecast period.


Geographically, Europe holds the maximum share in the building management system market and is expected to remain the largest region over the period of 2018 to 2024. The various government agencies are taking initiative in the adoption of building management system as they offer energy and cost effective solution. Moreover, rising awareness about energy efficient and ecofriendly services drives the growth of building management system market in this region. Furthermore, the Asia Pacific is the fastest growing region in the building management system market. The rapidly growing demand of building management system from the growing countries like china and India are likely to boost the market growth in the Asia pacific region


Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global building management system market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.


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The recent report identified that Europe dominated the global building management system market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the building management system market worldwide.


The report segments the global building management system market on the basis of Component and Application.


Global Building Management System Market by Component

·         Hardware

·         Software

·         Service Type


Global Building Management System Market by Application

·         Residential

·         Commercial

·         Industrial


Companies Profiled in the Report

·         Honeywell International Inc.

·         Johnson Controls International PLC

·         Schneider Electric SE

·         Siemens AG

·         IBM Corporation

·         United Technologies Corp.

·         Delta Controls

·         Ingersoll-Rand Plc


About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.