Lewes, DE -- (SBWire) -- 04/15/2015 --Report forecast the Global BMS market to grow at a CAGR of 8.18 percent over the period 2015-2019.
BMS are deployed in large buildings for the efficient energy management, and they help in controlling and managing building facilities such as lighting, electricity, fire precautions, safety, security, and HVAC. These systems are installed in buildings such as commercial buildings, IT parks, hotels, restaurants, manufacturing plants, retail outlets, and residential buildings for effective facility management. They enable easy automation and help in managing buildings for better cost savings and improved performance.
This report covers the present scenario and the growth prospects of the Global BMS market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of BMS.
According to the report, the adoption of a BMS enhances the comfort level of employees within a building, thus resulting in better employee productivity. Increased inflation rates and fluctuating economic growth have created the need for organizations to achieve maximum productivity with minimum expenditure. Retail industries are increasingly adopting BMSs, especially in retail outlets, to increase their customer satisfaction and experience.
Further, the report states that the high cost of BMS installation is one key factor which is deterring companies from investing in BMSs. Vendors are continuously adding better functionality with advanced features in BMSs to remain competitive, which has increased the product price even more. BMSs need continuous support and services to function properly and some vendors are not able to meet customers' expectation, leading to customer dissatisfaction.
The Global BMS Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global BMS market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key players in the Global BMS Market: Control4, Honeywell International Inc., Johnson Controls Inc., Schneider Electric SE and Siemens Industry
Other Prominent Vendors in the market are: Bosch, Legrand, Lutron Electronics, Tyco and United Technologies
Market Driver
- Need for Increased Productivity
- For a full, detailed list, view our report
Market Challenge
- Increased Costs Leading to Reduced Investment in BMS
- For a full, detailed list, view our report
Market Trend
- Integration of BMS with Industrial Automation
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 77 pages, "Global BMS Market 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Product, Market Segmentation by End-user, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-bms-market-2015-2019
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