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Building Management Systems Market Share

Report ID: GMI7849
Published Date: Jan 2024
Report Format: PDF

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Building Management Systems Market Share

The competitive landscape of the building management systems (BMS) market is characterized by several prominent players competing globally and regionally to offer comprehensive solutions. Companies like Siemens, Honeywell, Johnson Controls, Schneider Electric, and ABB hold significant market shares, known for their diverse BMS product portfolios and extensive service offerings.

Building Management Systems Market Companies

The major players operating in the building management systems industry are:

ABB (ASEA Brown Boveri Ltd.)
Beckhoff Automation GmbH & Co. KG
Bosch Thermotechnology Corporation
BuildingIQ Inc.
Carrier Global Corporation
Crestron Electronics, Inc.
Delta Controls Inc.
Emerson Electric Co.
Honeywell International Inc.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for building management systems was valued at over USD 2 billion in 2023 and is estimated to register a CAGR of over 13.5% between 2024 and 2032, primarily driven by the increasing emphasis on sustainability, energy efficiency, and technological advancements.

The software segment is estimated to register a significant growth rate of over 14.5% over 2024-2032, propelled by the surge in smart building projects, the rising adoption of cloud-based solutions, IoT integration, and the demand for data analytics-driven management platforms.

Asia Pacific building management systems market accounted for a revenue share of over 35% in 2023 and will continue to grow through 2032, attributed to rapid urbanization, infrastructure development, and increasing awareness of energy efficiency.

ABB (ASEA Brown Boveri Ltd.), Beckhoff Automation GmbH & Co. KG, Bosch Thermotechnology Corporation, BuildingIQ Inc., Carrier Global Corporation, Crestron Electronics, Inc., Delta Controls Inc., Emerson Electric Co., and Honeywell International Inc.