The building management systems market refers to the global industry focused on providing comprehensive computer-operated and automated control solutions for managing and monitoring various mechanical and electrical systems within buildings. These systems include ventilation, lighting, electricity, fire extinguishing, and security systems. The market caters to diverse facilities such as commercial offices, retail stores, hotels, manufacturing plants, warehouses, and residential buildings. Building management systems play a crucial role in ensuring the efficient and effective operation of modern structures by optimizing energy usage, enhancing occupant comfort, and streamlining maintenance processes. The increasing trend towards smart buildings and the growing demand for energy-efficient solutions contribute to the continuous expansion and innovation in the building management systems market.
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Data Bridge Market Research analyzes that the CIS & Asia Building Management System Market is expected to reach USD 27,366,169.09 thousand by 2030 from USD 18,600,033.21 thousand in 2022, growing with a substantial CAGR of 5.1% in the forecast period of 2023 to 2030. The rising adoption of automated security systems in commercial buildings contributes to market growth.
Key Findings of the Study
Rising Adoption of Automated Security Systems in Commercial Buildings
A security system for commercial buildings presents a more comprehensive solution than typical apartment building security systems and comprises different management systems. This includes multi-layered commercial access control, various sensors, and detectors, such as infrared, microwave, or laser sensors, and perimeter security (CCTV), among others. All commercial security systems can be integrated into a complex security solution with greater flexibility and scalability. In addition, many commercial building managers rely on security guards to keep their buildings safe. However, human guards cannot be everywhere at once, and that is why it is best to have a security management system to protect the property. The building security systems provide a safe and efficient way to blanket the property with complete monitoring surveillance. Security automation also archives all activities on the premises to address building vulnerabilities, blind spots, dark areas, and other security issues.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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By System Type (Facility Management Systems (FMS), Security and Access Control Systems, Energy Management Systems, Building Management Software (BMS), Fire Protection Systems, and Others), Technology (Wireless Technologies, Wired Technologies), Application (Residential, Commercial, and Industrial)
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Countries Covered
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CIS (Russia, Ukraine, Kazakhstan, Belarus, Kyrgyzstan, Georgia, Moldova, Rest of CIS), Asia (China, Japan, South Korea, Singapore, India, Malaysia, Thailand, Philippines, Indonesia, Rest of Asia)
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Market Players Covered
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Schneider Electric (France), Johnson Controls (U.S.), Siemens (Germany), Honeywell International Inc. (U.S.), Trane Technologies plc (Ireland), ACUITY BRANDS, INC. (U.S.), Axonator Inc (U.S.), Bajaj Electricals Ltd (India), Beckhoff Automation (Germany), Convergint Technologies LLC (U.S.), Crestron Electronics (U.S.), Delta Electronics, Inc (Taiwan), Hitachi, Ltd. (Japan), Robert Bosch GmbH (Germany)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
The CIS and Asia building management system market is segmented into three notable segments on the basis of system type, technology, and application.
- On the basis of system type, the market is segmented into facility management systems (FMS), security and access control systems, energy management systems, building management software (BMS), fire protection systems, and others.
In 2023, facility management systems (FMS) is expected to dominate the market
In 2023, the facility management systems (FMS) segment is expected to dominate the market with a 56.57% market share as it supports efficient functionality of buildings which increases its demand.
- On the basis of technology, the market is segmented into wireless technologies and wired technologies.
In 2023, wireless technologies are expected to dominate the market
In 2023, the wireless technologies segment is expected to dominate the market with a 70.10% market share as it is easy to expand and set up which increases its demand.
- On the basis of application, the market is segmented into residential, commercial, and industrial. In 2023, the residential segment is expected to dominate the market with a 42.54% market share
Major Players
Data Bridge Market Research recognizes the following companies as the major building management system players in the CIS & Asia building management system market that include Schneider Electric (France), Johnson Controls (U.S.), Siemens (Germany), Honeywell International Inc. (U.S.), Trane Technologies plc (Ireland), ACUITY BRANDS, INC. (U.S.), Axonator Inc (U.S.), Bajaj Electricals Ltd (India), Beckhoff Automation (Germany), Convergint Technologies LLC (U.S.), Crestron Electronics (U.S.), Delta Electronics, Inc (Taiwan), Hitachi, Ltd. (Japan), and Robert Bosch GmbH (Germany) among others.
Market Development
- In February 2022, Schneider Electric signed a partnership with Nanjing Kisen to deliver next-generation, sustainable cement plants. This partnership will promote best-in-class, sustainable models for green cement production worldwide. This development will help to get customers sustainable solutions
- In January 2022, Johnson Controls International added an autonomous robot to its Tyco security products line, promising patrols that protect people, prevent incidents, and provide “operations beyond traditional security”. This will help the company to increase its product portfolio
- In January 2022, Schneider Electric acquired Renewable Energy Platform Zeigo to expand digital procurement capabilities globally. This development will help the company to acquire more customers globally
- In March 2021, Siemens updated its Desigo CC smart building management platform to version V5.0. This marks the software opens for more systems and devices while offering improved connectivity and support for more integrations, such as EV charging stations. The software strengthens cybersecurity protection and allows a wide variety of buildings to become future-proof and easily manageable
- In January 2019, Honeywell International Inc. announced that it simplified Guestroom System Design and Commissioning with INNtool and EngINN solutions. The Honeywell INNCOM solutions simplified the design and implementation of its hotel guestroom systems. INNtool is a guestroom design tool that allows real-time, on-property INNCOM system design, HVAC equipment compatibility confirmation, and pricing. This technology reduces the time which helps the company to gain a competitive advantage
Regional Analysis
Geographically, the countries covered in the CIS & Asia building management system market are Russia, Ukraine, Kazakhstan, Belarus, Kyrgyzstan, Georgia, Moldova, the Rest of CIS, China, Japan, South Korea, Singapore, India, Malaysia, Thailand, Philippines, Indonesia, and Rest of Asia
As per Data Bridge Market Research analysis:
Asia is expected to dominate the CIS & Asia building management system market during the forecast period 2023 -2030. In 2023, the Asia region is expected to dominate the market with a 94.51% market share. It is expected to reach 25,832,933.83 thousand by 2030, growing with a CAGR of 5.1% in the forecast period of 2023 to 2030 due to the growing number of infrastructural activities in the region.
CIS is expected to grow with the highest CAGR of 5.4% in the forecast period in the CIS & Asia building management system market due to an upsurge in the focus on designing energy-efficient and eco-friendly buildings.
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