At what pace is the building management and control systems market growing, and what is its estimated value?
The building management and control systems market size has grown strongly in recent years. It will grow from $65.5 $ billion in 2024 to $71.18 $ billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increasing demand for energy-efficient and eco-friendly buildings, rising security concerns, rising government, and private sector initiatives, the surge in the management of the residential premises, and growing deployment influences of building automation.
The building management and control systems market size is expected to see strong growth in the next few years. It will grow to $103.79 $ billion in 2029 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to the development of smart cities, improving occupant comfort, increasing stringent energy efficiency and emissions regulations, growing focus on sustainability, and significant cost benefits to industrial, commercial, and residential users. Major trends in the forecast period include the integration of analytics in building management, adoption of internet of things (IoT) and smart technologies, integration of artificial intelligence, incorporation of machine learning, and development of wireless protocols and standards.
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What are the top drivers to the rising demand in the building management and control systems market?
The increasing development of smart cities is expected to propel the growth of the building management and control systems market going forward. A smart city is an urban area that uses technology and data-driven solutions to enhance infrastructure, improve efficiency, and promote sustainability, ultimately enhancing the quality of life for residents. The development of smart cities is fueled by the growing emphasis on reducing the carbon footprint and improving sustainability, cost savings, real-time monitoring, and management of urban systems. Building management and control systems are integral to smart cities as they automate and optimize energy usage, security, and building operations, contributing to the city’s overall efficiency, sustainability, and connectivity. For instance, in June 2024, according to the Press Information Bureau, an Indian-based government agency, the smart cities mission in India has achieved significant advancements in 100 cities, with a total of 8,013 projects approved at a cost of ?1,64,158 crore ($19.66 billion), of these, 7,157 projects have been completed, amounting to ?1,43,958 crore ($12.24 billion). Therefore, the increasing development of smart cities drives the building management and control systems market.
How is the building management and control systems market segmented?
The building management and control systemsmarket covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Offering: Integrated Building Management Systems(BMS), Standalone Building Management Systems(BMS), Managed Building Management Systems(BMS)
3) By Communication Technology: Wireless Technologies, Wired Technologies
4) By Application: Residential, Commercial, Industrial
Subsegments:
1) By Hardware: Sensors, Controllers, Actuators, Communication Devices, Display Units
2) By Software: Building Management Software (BMS), Energy Management Software, HVAC Control Software, Security Management Software, Integrated Workplace Management Systems (IWMS)
3) By Services: Consulting Services, Installation And Commissioning Services, Maintenance And Support Services, Training And Education Services, System Upgrades And Retrofits
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Who are the top competitors in the building management and control systems market?
Major companies operating in the building management and control systems market are Siemens AG, Raytheon Technologies Corp., International Business Machines Corporation, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., ABB Ltd., Trane Technologies PLC, Johnson Controls International PLC, Ingersoll-Rand PLC, Crestron Electronics Inc., Lutron Electronics Co. Inc., Sauter Controls AG, Bajaj Electricals Limited, Automated Logic Corporation, Delta Controls Inc., KMC Controls Inc., Distech Controls Inc., Tridium Inc., BuildingIQ Inc
What significant trends should we anticipate in the building management and control systems market over the forecast period?
Major companies operating in the building management and control systems market are focused on developing advanced building management systems using automation and machine learning to streamline building operations, improve energy efficiency, and enhance occupant comfort. Automation and machine learning help optimize building systems by continuously analyzing data and adjusting operations to balance energy efficiency and occupant comfort best. For instance, in January 2024, Honeywell International Inc., a US-based company that manufactures building control systems, launched Advance Control for Buildings, a groundbreaking building management platform that combines the latest technologies with decades of innovation to automate building operations and optimize energy efficiency. It utilizes automation and machine learning to streamline building operations and features built-in cybersecurity and technology to deliver faster network speeds. It also gives building managers more control over efficiency to improve occupant experience and advance energy management goals.
Which regional trends are influencing the building management and control systems market, and which area dominates the industry?
Asia-Pacific was the largest region in the building management and control systems market in 2024. The regions covered in the building management and control systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Building Management And Control Systems Market Report 2025 Offer?
The building management and control systems market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Building management and control systems (BMCS) are integrated systems that monitor, control, and manage various building services and facilities. These systems oversee commercial or industrial buildings’ heating, ventilation, air conditioning (HVAC), lighting, security, fire safety, and other critical infrastructure. Building management and control systems (BMCS) help optimize energy efficiency, ensure occupant comfort, and enhance building security by enabling centralized or automated control.
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