Search results for: 'building system'

The global building automation system (BAS) market is undergoing a significant transformation. The rapid increase in the digitalization of buildings has resulted in a spurt in demand for smart building management solutions and BASs. These technologies are causing significant disruptions, driving a shift away from traditional building administration...

The building management system (BMS) market in the Gulf Cooperative Council (GCC) is witnessing the emergence of innovative technologies such as building information modeling (BIM) and 3D printing. These technologies are causing significant disruptions, influencing how buildings are managed and shifting roles away from traditional skills towards te...

18 Nov 2021  |  Asia Pacific  |  Market Research

Singapore Building Management System Growth Opportunities

Disruptive Technologies and Competition from Start-ups Stimulate the Progression of Building Management Solutions

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The Singapore building management system (BMS) market is forecast to expand with a 7.2% CAGR for 2021–2027. Although the positive growth over the forecast period is attributable to recovery from the pandemic, it will not reach the market size of pre-COVID-19 years. Growth is lower due to slower recovery in the construction sector until 2027. Althou...

05 Dec 2022  |  Global  |  Market Research

Global Building Management Systems Growth Opportunities

Digital Solutions and Sustainability Outcomes are Vital for Vertical Market Expansion

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The global building management system (BMS) market is being revolutionized by increasing industry convergence and the emergence of innovative technologies. This has led to a rapid increase in the digitalization of buildings, resulting in a spurt in demand for smart buildings and BMS systems. These technologies are causing significant disruptions, i...

The COVID-19 pandemic has impacted every sector in some capacity and has forced market participants across industries to undergo rapid transformation. The building technologies and services industry is no exception and is at the cusp of a considerable shift. These changes are not restricted to technological or building design changes but involve ho...

The homes and buildings industry recorded a robust 8.6% growth in 2022, driven by demand for facility management services, smart home devices, customer experience platforms, and construction management solutions. Increasing adoption of internet of things (IoT) and artificial intelligence (AI)-driven smart building solutions also contributed to the ...

03 Jan 2017  |  Asia Pacific  |  Market Research

BEMS Market in Southeast Asia, Forecast to 2020

Rise in Electricity Prices, Boom in Building Construction, and Energy Services to Result in Near Doubling of Overall Revenues for the Building Energy

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The Southeast Asian Building Energy Management Systems (BEMS) market currently in the nascent stage is expected to grow strongly at a CAGR of 10 to 15% from 2015 and 2020. The market is expected to be worth more than $180 million by 2020. In addition to rising electricity price and expanding buildings construction and energy services, demand will b...

The COVID-19 pandemic rapidly changed how buildings function. Building mobility solutions have gained more importance and will form a crucial part of buildings and cities in the near future. Rapid employment of the Internet of Things (IoT), artificial intelligence (AI), and cloud technologies will make products smarter and revolutionize mobility in...

30 Jun 2020  |  North America  |  Market Research

Global Building Automation Systems (BAS) Market, Forecast to 2026

Smart and Cognitive Building Solutions to Embrace IoT Integration, Propelled the Transformation from Traditional to Advanced Systems, Unleashing Higher Productivity and Actionable Insights, Increasing Energy Efficiency, and Enabling New Business Models

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Key Issues Addressed

The world building automation systems (BAS) market is poised to grow at a moderate CAGR of 3.4% for the period 2019–2026. The key factors for growth are energy efficiency requisites, energy conservation and favourable government initiatives, rising energy prices, and strict building codes, aiding BAS systems adoption. Regulatory drivers will have a...