- The key vendors in the Global BMS Market 2015-2019 are Control4, Honeywell International Inc., Johnson Controls Inc., Schneider Electric SE and Siemens Industry
London, 31 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global BMS Market 2015-2019. Manufacturing companies are integrating BMS with industrial automation to manufacture quality products and gain a competitive edge. This allows companies to differentiate themselves by providing better quality and reliable products. Most of the manufacturing processes have become automated to maintain consistency in their production. The Global BMS market is expected to grow at a CAGR of 8.18 percent during the forecast period of 2014-2019.
The demand for BMSs is expected to increase during the forecast period with players in the Construction market focusing on reducing costs. Lately, the demand for BMSs in the Retail industry has increased. Retail outlet buildings have integrated fire alarms, security, lighting, and ventilation and air conditioning system controls for easy operability, providing the utmost comfort, and energy savings for retail tenants.
“BMS solutions are developed for easy monitoring of safety and security controls and other industry-specific applications,” says Faisal Ghaus, Vice President of Technavio Research.
“With an increase in competition among vendors offering BMSs, more features and operational capabilities are being incorporated into these systems to improve the operation of organizations.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
