CIS & Asia Building Management System Market - Industry Trends and Forecast to 2030
Market Report I 2023-08-01 I 90 Pages I Data Bridge Market Research
Asia building management system market is expected to reach USD 25,832,933.83 thousand by 2030 from USD 17,582,611.39 thousand in 2022, growing at a CAGR of 5.1% in the forecast period of 2023 to 2030
Market Segmentation
Asia Building Management System Market, By System Type (Facility Management Systems (FMS), Security and Access Control Systems, Energy Management Systems, Building Management Software (BMS), Fire Protection Systems, and Others), Technology (Wireless Technologies, Wired Technologies), Application (Residential, Commercial, and Industrial), Countries (China, Japan, South Korea, Singapore, India, Malaysia, Thailand, Philippines, Indonesia, and Rest of Asia) - Industry Trends and Forecast to 2030
Overview of Asia Building Management System Market Dynamics
Driver
- Increasing demand for wireless sensor network technology
- Rising adoption of automated security systems in commercial buildings
Restraints
- Emergence of security issues
- High maintenance cost of building management systems
Opportunity
- Shifting Consumer's Preference Towards HVAC (Heating, Ventilation, and Air Conditioning) Control Systems
Market Players
Some of the major players operating in the market are:
- Honeywell International Inc.
- Siemens
- Schneider Electric
- Trane Technologies plc
- ACUITY BRANDS, INC.
- Axonator Inc
- Beckhoff Automation
- Johnson Controls
- Convergint Technologies LLC
- Crestron Electronics
- Robert Bosch GmbH
- Bajaj Electricals Ltd
- Delta Electronics, Inc,
- Hitachi, Ltd.
TABLE OF CONTENTS
1 INTRODUCTION 9
1.1 OBJECTIVES OF THE STUDY 9
1.2 MARKET DEFINITION 9
1.3 OVERVIEW 9
1.4 LIMITATIONS 11
1.5 MARKETS COVERED 11
2 MARKET SEGMENTATION 17
2.1 MARKETS COVERED 17
2.2 GEOGRAPHICAL SCOPE 18
2.3 YEARS CONSIDERED FOR THE STUDY 18
2.4 CURRENCY AND PRICING 19
2.5 DBMR TRIPOD DATA VALIDATION MODEL 19
2.6 MULTIVARIATE MODELING 22
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 23
2.8 DBMR MARKET POSITION GRID 24
2.9 MARKET APPLICATION COVERAGE GRID 25
2.10 DBMR VENDOR SHARE ANALYSIS 26
2.11 SECONDARY SOURCES 27
2.12 ASSUMPTIONS 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 31
4.1 PORTER'S FIVE FORCES: 32
4.1.1 THREAT OF NEW ENTRANTS: 32
4.1.2 THREAT OF SUBSTITUTES: 33
4.1.3 CUSTOMER BARGAINING POWER: 33
4.1.4 SUPPLIER BARGAINING POWER: 33
4.1.5 INTERNAL COMPETITION (RIVALRY): 33
4.2 BUILDING MANAGEMENT SYSTEM REGULATIONS 35
4.2.1 THE NATIONAL BUILDING CODE OF INDIA (NBC) 35
4.2.2 INTERNATIONAL ORGANIZATION FOR STANDARDIZATION 35
4.3 GOVERNMENT REGULATION - FAIR AND TRANSPARENT USE OF BIOMETRIC SYSTEM-POWERED ACCESS CONTROL 37
4.3.1 ISO/IEC 2382-37 37
4.3.2 ISO/IEC JOINT TECHNICAL COMMITTEE 1 37?
5 MARKET OVERVIEW 38
5.1 DRIVERS 40
5.1.1 UPSURGE IN THE FOCUS FOR DESIGNING ENERGY-EFFICIENT AND ECO-FRIENDLY BUILDINGS 40
5.1.2 RISING ADOPTION OF AUTOMATED SECURITY SYSTEMS IN COMMERCIAL BUILDINGS 40
5.1.3 GROWING POPULARITY OF IOT BASED BUILDING MANAGEMENT SYSTEMS 41
5.2 RESTRAINTS 42
5.2.1 EMERGENCE OF SECURITY ISSUES 42
5.2.2 HIGH MAINTENANCE COST OF BUILDING MANAGEMENT SYSTEMS 42
5.3 OPPORTUNITIES 43
5.3.1 FAVOURABLE GOVERNMENT INITIATIVES AND INCENTIVES FOR EMERGING SMART CITIES 43
5.4 CHALLENGES 44
5.4.1 INVOLVEMENT OF VARIOUS LENGTHY COMMUNICATION PROTOCOLS DURING THE INSTALLATION PROCEDURE 44
5.4.2 FALSE NOTION ABOUT HIGH INSTALLATION COSTS OF BUILDING MANAGEMENT SYSTEMS 44
6 COMPANY SHARE ANALYSIS: CIS & ASIA 46
6.1 LAUNCH OF BUILDING AUTOMATION 46
6.2 AWARD 47
6.3 ACQUISITION 47
6.4 PARTNERSHIP 47
7 COMPANY PROFILES 48
7.1 SCHNEIDER ELECTRIC 48
7.1.1 COMPANY SNAPSHOT 48
7.1.2 REVENUE ANALYSIS 48
7.1.3 PRODUCT PORTFOLIO 49
7.1.4 RECENT DEVELOPMENTS 51
7.2 JOHNSON CONTROLS 53
7.2.1 COMPANY SNAPSHOT 53
7.2.2 REVENUE ANALYSIS 53
7.2.3 PRODUCT PORTFOLIO 54
7.2.4 RECENT DEVELOPMENTS 55
7.3 SIEMENS 56
7.3.1 COMPANY SNAPSHOT 56
7.3.2 REVENUE ANALYSIS 56
7.3.3 PRODUCT PORTFOLIO 57
7.3.4 RECENT DEVELOPMENTS 58?
7.4 HONEYWELL INTERNATIONAL INC. 59
7.4.1 COMPANY SNAPSHOT 59
7.4.2 REVENUE ANALYSIS 59
7.4.3 PRODUCT PORTFOLIO 60
7.4.4 RECENT DEVELOPMENTS 62
7.5 TRANE TECHNOLOGIES PLC 63
7.5.1 COMPANY SNAPSHOT 63
7.5.2 REVENUE ANALYSIS 63
7.5.3 PRODUCT PORTFOLIO 64
7.5.4 RECENT DEVELOPMENT 64
7.6 ACUITY BRANDS, INC. 65
7.6.1 COMPANY SNAPSHOT 65
7.6.2 REVENUE ANALYSIS 65
7.6.3 PRODUCT PORTFOLIO 66
7.6.4 RECENT DEVELOPMENTS 67
7.7 AXONATOR INC 68
7.7.1 COMPANY SNAPSHOT 68
7.7.2 PRODUCT PORTFOLIO 68
7.7.3 RECENT DEVELOPMENT 68
7.8 BAJAJ ELECTRICALS LTD 69
7.8.1 COMPANY SNAPSHOT 69
7.8.2 REVENUE ANALYSIS 69
7.8.3 PRODUCT PORTFOLIO 70
7.8.4 RECENT DEVELOPMENT 70
7.9 BECKHOFF AUTOMATION 71
7.9.1 COMPANY SNAPSHOT 71
7.9.2 PRODUCT PORTFOLIO 71
7.9.3 RECENT DEVELOPMENT 71
7.10 CONVERGINT TECHNOLOGIES LLC 72
7.10.1 COMPANY SNAPSHOT 72
7.10.2 PRODUCT PORTFOLIO 72
7.10.3 RECENT DEVELOPMENTS 73
7.11 CRESTON ELECTRONICS 74
7.11.1 COMPANY SNAPSHOT 74
7.11.2 PRODUCT PORTFOLIO 74
7.11.3 RECENT DEVELOPMENT 77?
7.12 DELTA ELECTRONICS, INC 78
7.12.1 COMPANY SNAPSHOT 78
7.12.2 REVENUE ANALYSIS 78
7.12.3 PRODUCT PORTFOLIO 79
7.12.4 RECENT DEVELOPMENT 80
7.13 HITACHI, LTD. 81
7.13.1 COMPANY SNAPSHOT 81
7.13.2 REVENUE ANALYSIS 81
7.13.3 PRODUCT PORTFOLIO 82
7.13.4 RECENT DEVELOPMENTS 82
7.14 ROBERT BOSCH GMBH 84
7.14.1 COMPANY SNAPSHOT 84
7.14.2 REVENUE ANALYSIS 84
7.14.3 PRODUCT PORTFOLIO 85
7.14.4 RECENT DEVELOPMENTS 86
8 QUESTIONNAIRE 87
9 RELATED REPORTS 90
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