According to the latest market research study by Technavio, the global integrated building management systems market is expected to grow at a CAGR of close to 12% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global IBMS market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on end-user
|
END-USER |
MARKET SHARE 2016(%) |
|
Commercial buildings |
48.5% |
|
Residential |
30.2% |
|
Government |
21.3% |
Source: Technavio
Click here to request a free sample of this report
Global IBMS market in commercial buildings: The global IBMS market in commercial buildings will post an impressive growth during the forecast period due to several building owners adopting the integrated system in their facilities. Monitoring automation systems for integrated buildings continuously in real time will enable applications for owners and facility managers to predict and rectify potential issues or incidents.
“Technological advances in touch-screen interfaces, sensors, integration of enterprise applications, sustainability, and eco-friendliness are driving the demand for integrated systems in commercial buildings,” says Bharath Kanniappan, a senior industry analyst at Technavio for research on automation.
Global IBMS market in residential buildings: The residential buildings segment is expected to exhibit the highest growth rate among all other end-user segments during the forecast period. The growth is attributed to the ease of access and control attained by integrated systems over unconnected automation systems.
Global IBMS market in government buildings: The growing demand for optimization of energy and operational costs has led to the large-scale implementation of integrated solutions in government buildings. Countries in Europe, North America, and the Middle East are investing substantially in IBMS to modernize their facilities.
Ask an analyst to know more about this report
The top vendors operating in the global IBMS market are:
- Cisco
- Honeywell
- Johnson Controls
- Schneider Electric
- United Technologies
The other prominent vendors in the market based on various geographies are – the Americas: Advantech, Bosch Security, Building IQ, Building Logix, Control4, Convergentz, Delta Controls, Emerson Electric, Phoenix Energy Technologies, and Siemens; APAC: 3S Technologies and Automation, AllGreen Ecotech, Azbil Corporation, Bajaj Electricals, Cylon, Jardine Engineering Corporation, MS Group, NEC, Oberix, and United Technologies; and EMEA: Advanced Control Solutions, Alerton, AMB, Armiti Trading, Atrina, Avanceon, Building Maintenance Services, Demont Engineering, Eagle Technology, and Giza Systems.
A more detailed analysis is available in the Technavio report titled, ‘Global IBMS Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Building Information Modeling Software Market 2016-2020
- Global Next-generation Building Energy Management Systems Market 2016-2020
- Global Pre-engineered Building Market 2016-2020
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
