Strong growth prospects forecast for Integrated Building Management Systems’ Market
The global integrated building management systems market will attain a significant level of growth over the next 9 years, driven especially the need to achieve significant energy savings among commercial end-users, a recent market research report has been able to suggest.
Building Management Systems (BMS) are computer based control systems installed in buildings, which monitor and control the building’s electrical and mechanical equipment such as security system, fire system, power system, lighting and ventilation.
Building management systems are commonly installed in large scale projects which have extensive electrical, HVAC, and mechanical systems. Close to 40% of a building’s energy usage is from systems that are linked to a building management system. In addition to internal systems, building management systems are also linked with access control such as access doors controlling and turnstiles that allow access and outlet to the building, and other security systems such as motion detectors and CCTV. Elevators and fire alarm systems are often linked with a building management system for monitoring purposes.
Apart from the aforementioned interest in energy savings, other factors supporting growth include the degree of flexibility offered by integrated building management systems, while the high cost of switching from a traditional individual building management system is a major restraint hindering market growth. The upcoming trend of convergence of IoT and smart buildings is a major opportunity forthe global market for integrated building management systems.
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