Get the industry’s most comprehensive analysis of the global market for equipment building management systems from a regional and vertical sector perspective.
Through a centralized platform, the energy consumption and operating costs of a building can be reduced, while admin of security systems can be streamlined, and data about assets and individuals within the building can be used to adapt to the presence or absence of occupants. These building management systems (BMS), include any computer-based control system that monitors some or all the building’s mechanical and electrical systems, including a building’s energy, security and life safety domains. The complex algorithms that these platforms perform is the foundation that allows us to have more intelligent buildings with integrated IoT devices, machine learning and predictive analytics.
The Smart Buildings Report from IHS Markit examines the global market for equipment building management systems installed in building developments and analyzes significant trends, threats and opportunities for growth impacting the BMS market through 2022.
Our report provides equipment manufacturers, platform vendors, systems-integrators, engineers, architects and building owners an in-depth understanding of market sizes, growth forecasts, market trends, and the competitive landscape of this industry. Detailed discussion supports quantitative market data and forecast information across four product types, fourteen equipment types and five geographic regions.
Find qualitative analysis for leading trends influencing the industry, such as the adoption of cloud and edge computing frameworks, the increasing use of wireless products, a growing emphasis on interoperable equipment, and a shift to more advanced command and control analytics in platforms. A chapter of the report gives in-depth analyses of market trends and barriers impacting six end-user industries, including case studies of model smart building projects for each building type.
Key issues addressed:
- What is the current size of the global market for BMS platforms and the equipment that is connected through these platforms?
- How do different connected building domains (HVAC, lighting, security, fire detection, etc.) fit into the smart building concept?
- What additional functionalities do integrated systems offer in the most advanced smart buildings?
- What barriers are preventing more buildings from upgrading to incorporate smart building functions?
- How do buildings in different end-user industries vary by domain types that are integrated and by their levels of integration?
- What portion of BMS platform analytics are performed on-site, versus in the cloud?
- What trends are influencing the adoption of cloud or edge computing frameworks?
- How does adoption of smart building technology differ by region?