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Market overview

Simplified building operations/maintenance, increase in construction activities, government regulations, the rise of the IoT, artificial intelligence, and analytics at the edge, increasing demand for energy-efficient and eco-friendly buildings, and inherent advantages of the system drive the building management system market.

Commercial applications account for a sizable portion of the total building automation system market, as the need for energy-saving and cost reduction is most important in this sector. Various building laws and policy frameworks require buildings to reduce energy usage and carbon emissions, boosting the demand for building management systems.

A building management system (BMS) is a control system that is computer-based and is installed in buildings to operate and monitor mechanical and electrical equipment such as lighting, ventilation, fire and security systems, and power systems.

A control system that connects all of a facility's electrical, mechanical, information technology (IT), and security systems into a single system that allows them to share information and operate together smoothly is called an integrated building management system. By combining all components into a cohesive one, the many systems may share information and function more efficiently. This interoperability results in greater efficiency, guaranteeing the safety of facility operation, lowered operating costs, and a more secure and responsive building environment.

In an integrated building management system, when the software has unified all of the building operating systems, it uses the information from the various components to ensure that all of the systems operate at peak efficiency. All systems are controlled by a single interface, which may be accessed locally via a touchscreen workstation or remotely via the Internet via laptops, cellphones, tablets, or other mobile devices.

By decreasing loads and running hours, building management system usage provides optimal building performance by increasing the operational life of equipment and systems. As a result, maintenance and capital expenses are decreased. Depending on the occupant behavior and usage changes, building management system must be flexible and adaptable to new operational situations.

Examples of some systems controlled by the building management system are:

1. Central Fume Collection
2. HVAC System
3. Dust Collection System
4. Central Vacuum System
5. Heat blowers
6. Technical Steam System
7. Hot Water System and Central Heating
8. Electrical Monitoring System

Market developments and trends

• Enhancing energy performance in buildings is one of the most crucial tasks for the EU to mitigate the consequences of climate change and global warming. Buildings are the source of much of Europe's energy usage and CO2 emissions. According to the BACS regulatory decree, in tertiary sector buildings, Building Automation Control Systems (BACS) needs to enhance energy efficiency and minimize CO2 emissions by January 2025.
• Bangladesh's ready-made garment industry is growing sustainably and is making all-out efforts to achieve environment-friendly growth. Firms in the industry have made investments in productivity improvement, digitization, automation, and sustainability. Factory buildings have become safer; Bangladesh now has more green garment factories than any other country.
• The United States Department of Energy announced USD 61 million in October 2021 for ten pilot projects that would use new technologies to turn thousands of homes and businesses into cutting-edge, energy-efficient structures.
• Urban redevelopment projects in Tokyo are growing and are seeing a heightened interest in solutions related to ventilation improvement, energy savings, and lower operational costs. Large-scale redevelopment projects and several retrofit projects for large-scale buildings are planned for the coming years.
• Efficient new appliances are globally being installed and manufactured along with home and building energy management systems to enable energy savings of 20% to 30%.
• Johnson Controls and the National University of Singapore (NUS) have struck a USD 5 million research agreement to develop people-centric smart building technologies.
  • Johnson Controls collaborates with DigiCert to deliver smart building solutions to the next level of digital trust. The Johnson Controls-DigiCert PKI solution elevates operations in the Operational Technology (OT) and Internet of Things (IoT) arena to guarantee that hardware, software, and communication remain trustworthy throughout the smart building's lifespan.
  • OpenBlue, a full suite of linked solutions and services allowing building systems to work together and communicate driven by cutting-edge, connected technology, was introduced in August 2020.
• Siemens acquired Wattsense to improve IoT solutions for small and medium-sized buildings.
• Azbil plans to cut greenhouse gas emissions by 55% by 2031 and achieve net-zero emissions by 2050. To achieve its aim, the Azbil Group will increase its efforts to test and deploy energy-saving technologies developed throughout its business sectors and proactively utilize renewable energy.
• Schneider Electric and Cisco collaborated in 2020 to link building management systems to Internet Protocol (IP) networks. The two firms created, tested, and certified concepts to connect the operational technology of smart buildings with IT building management systems.
• Delta Electronics combined its Azure cloud and IoT technologies in 2020 to jointly develop two major smart building solutions – Chiller system anomaly detection and Bluetooth intelligent control.

Opportunities

• Increasing construction activities in China and India provide an opportunity for the growth of automized control of HVAC systems in the buildings. Given the current increase in redevelopment projects in Tokyo, the demand for HVAC systems is expected to increase. The demand for HVAC systems can create opportunities for the manufacturers to fulfill the growing need.
• Government bodies are formulating policies, making regulations, and establishing standards and specifications for EV charging infrastructure within buildings. Because consumer acceptance of electric vehicles (EVs) is growing and millions of new EVs are expected on the road in the near future, developers and manufacturers of energy solutions can incorporate EV charging integration into buildings, which can help create a smart way to facilitate clean electricity consumption.
• With buildings representing a high percentage of global greenhouse gas emissions, large-scale investment in decarbonization is at an inflection point. Federal policies and stimulus to incentivize investment in the renovation of existing infrastructure are growing, and regulations designed to reduce emissions are increasing—the investment needed for commercial buildings to reach net-zero energy may run into billions of dollars. Manufacturers can capitalize on this opportunity to provide a combination of efficient building systems and smart technologies.

Blackridge Research's Building Management Systems Market report provides insights into the current global and regional market demand environment and prognosis.

The study offers a thorough examination of the many factors that impact the building management systems market growth. The study also comprehensively analyses the building management systems market by segmenting it based on geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America) and end-user (Residential, Commercial and Industrial).

The report also discusses current and future market possibilities, market trends, advancements, essential developments, regions, and segments poised for the fastest-growth, competitive landscape. Further, the building management systems market size, and demand forecast, growth rates will also be provided in the report.