Intelligent Building Management Systems Market Driven by Rising Preference for Technological Solutions in Construction Sector

Published On : 10 Aug 2017

QYResearchReports.com announces the addition of a new report to its online market intelligence repository. The report examines the historical growth trajectory exhibited by the global intelligent building management systems market and presents readers with a clear picture of the market’s likely landscape in the coming years. The segmentation and dynamics of the global intelligent building management systems market are profiled in detail in the report, which helps deliver a 360-degree view of the market’s growth to the readers. The report is titled ‘Global Intelligent Building Management Systems (IBMS) Market Size, Status and Forecast 2022.’

Building management systems have become an important part of the global construction sector in recent years due to the growing use of Internet resources and increasing technological innovation to bridge gaps in how various components of a building interact. Modern intelligent building management systems thus represent an integrated platform from which various parts of a building can be controlled with the help of technological advances such as Internet of Things. The global intelligent building management systems market is thus likely to develop at a steady rate in the coming years due to the rising use of technological advancements in building management. 

The growing demand for remote operability in a wide range of systems in buildings and the rising use of electronics is likely to drive the global intelligent building management systems market in the coming years. By product type, the global intelligent building management systems market is segmented into general lighting controls, access controls, security controls, communication controls, HVAC controls, entertainment controls, and outdoor controls. Of these, HVAC, lighting, security, and entertainment controls are likely to remain vital to the prospects of the global intelligent building management systems market in the coming years. The rising use of interconnected entertainment systems and advanced security systems in developed countries is thus likely to remain a key driver for the global intelligent building management systems market.

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By application, the global intelligent building management systems market is segmented into commercial, residential, and public infrastructure. Residential users are likely to play a key role in the growth of the intelligent building management systems market, as individual users are increasingly taking an interest in the use of technology to improve their home experience. However, the rapid pace of urbanization in developing economies could help enable steady growth of the commercial construction sector in the intelligent building management systems market in the coming years. 

Leading geographical segments of the global intelligent building management systems market such as the U.S., the EU, India, China, Japan, and Southeast Asia are profiled in the report in order to understand the regional hierarchy of the global intelligent building management systems market clearly. The U.S. and the EU are likely to account for dominant shares in the global intelligent building management systems market in the coming years on account of the widespread adoption of progressive technological advances. However, the rapid pace of development in emerging Asia Pacific economies is expected to play a larger role in the development of the intelligent building management systems in the coming years. 

Key players in the global intelligent building management systems market include Siemens, ABB, Honeywell, Legrand, KMC, Trane, Schneider Electric, Technovator, ADT Corporation, UTC, Beckhoff, and Johnson Controls.

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