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Top Building Management System vendors Identified by 360QUadrants

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The Building Management System market was valued at USD 6.65 billion in 2016 and is expected to reach USD 19.25 billion by 2023, at a CAGR of 16.71% between 2017 and 2023. – PowerPoint PPT presentation

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Title: Top Building Management System vendors Identified by 360QUadrants


1
TOP BUILDING MANAGEMENT SYSTEM VENDORS IDENTIFIED
BY 360QUADRANTS The Building Management System
market was valued at USD 6.65 billion in 2016 and
is expected to reach USD 19.25 billion by 2023,
at a CAGR of 16.71 between 2017 and 2023. The
dramatic increase in awareness in the excessive
use of energy and concerns for the environment
has fueled the demand for cost-e?ective
technologies. Energy e?ciency is becoming a part
of the building management, facilities
management, and operation strategy. The smart
home concept is now making significant inroads
into the domestic residential sector. Smart
buildings will directly contribute to the global
goal of reducing energy usage and emissions.
Significant cost benefits to industrial,
commercial, and residential users boost the
demand for Building Management Systems. Other
significant factors driving the growth of the
Building Management System market include
simplified building operation and maintenance,
increasing demand for energy-e?cient and eco-
friendly buildings, and increasing integration of
IoT. In 2016, the Building Management System
market was dominated by Johnson Controls Inc.
(Ireland), Honeywell International Inc. (US),
Schneider Electric (France), Siemens AG
(Germany), and United Technologies Corp. (US). A
few of the major strategies adopted by these
players to compete in the Building Management
Systems market include product launches,
partnerships, and agreements from 2017 to 2019.
There were also a significant number of product
launches and acquisitions mergers during this
period. Johnson Controls (Ireland) o?ers the BMS
through its Building E?ciency segment under the
name, Metasys Building Automation System. It has
segmented its building automation and management
products into supervisor software and tools,
supervisory and network controllers, integration
and gateways, programmable controllers, and
configurable field controllers. The supervisor
software and tools consist of software solutions
and tools under Metasys and Facility Explorer.
Metasys helps in connecting commercial HVAC,
lighting, security, and protection systems,
enabling them to communicate on a single
platform to deliver the needed information which
helps in saving energy and providing comfort and
safety to building occupants. Honeywell
International (US) o?ers the BMS through the Home
and Building Technologies business segment. The
products and services comprise controls and
displays for heating, cooling, indoor air
quality, ventilation, humidification, combustion,
lighting, and home automation. It launched a
mobile software application named, Honeywell
Vector Occupant App that enables building
occupants to tap into IoT capabilities to
address common building issues including
temperature settings and access control. In
2016, the company acquired Intelligrated (US), a
privately-held leader in supply chain and
warehouse automation solutions, for USD 1.5
billion. These developments have broadened its
o?erings in the market. Schneider Electric
(France) provides low-voltage power and building
automation products and solutions that address
the needs of various end markets to help enhance
the energy e?ciency of the buildings. Schneider
Electric o?ers integrated solutions to various
business sectors. Schneider also focuses on
strategic collaborations, agreements,
acquisitions, and partnerships to strengthen its
core businesses. For instance, in 2015, Schneider
Electric collaborated with Autodesk Inc. (US) to
improve the current practices for building
lifecycle management with the help of building
information modeling (BIM). This is a part of a
strategy implemented by Schneider to optimize its
portfolio and increase its focus on core
businesses.
2
  • Siemens AG (Germany) provides automation
    technologies and digital services for safe,
    secure, and e?cient buildings and
    infrastructure. Desigo is the management platform
    o?ered by Siemens which enables users e?ciently
    monitor and operate multiple systems including
    HVAC lighting and shading power fire safety
    and security in buildings. It has undertaken
    various developments and increased its solution
    o?erings in the Desigo management platform.
    Siemens added Desigo Control Point to its Desigo
    series of products in 2017 a new product
    comprises a variety of new web servers and touch
    panels, providing building operators and users
    with expanded options for operations.
  • United Technologies (US) o?ers building
    automation, HVAC, and refrigeration systems. It
    also o?ers electronic security products such as
    intruder alarms, access control systems, and
    video surveillance systems. Strategic mergers
    acquisitions have also helped the company to
    strengthen its position in the Building
    Management System market. In 2017, it acquired
    EcoEnergy, an energy service business division
    of Wipro Limited (India), which is a leading
    energy management solutions company.
  • Benefits of Building Management Systems
  • The advantages of implementing best building
    management system include
  • Price reduction Blind and shutter power
    inclusion in the building management plan to
    handle energy delivery to rooms to reduce heating
    and cooling costs. Sub-metering incorporation
    and study of a building's energy signature to
    determine opportunities for optimisation.
  • Sustainability Seeking out how to minimize the
    use of your facility is not just safer for the
    ecosystem but will also help you obtain or retain
    LEED certification.
  • Smarter growth While preparing for an extension
    or a new facility entirely, getting details from
    the process lines will allow you to accurately
    evaluate potential predictions. However,
    understanding the details behind the collection
    will help you schedule potential usage and
    secure favourable service prices.
  • 4.
  • Maintenance Monitoring information and events
    have the potential that can help you recognize
    when you're about to maintain or replace a system
    or equipment before it a?ects the production.
    Maintenance management is often safer than
    reactive maintenance, sometimes requiring costly
    downtimes.
  • Building Tenant Safety If the fire is observed,
    the automated opening of shutters allows
    building entry for responders, and enables
    alternate escape routes. The redirection of CCTV
    cameras to the fire detector position helps
    decide a suitable plan for fire fighting before
    entering the field. Monitoring and immediately
    converting escalators and elevators to escape
    mode in case of a fire.
  • 7.
  • Some of the additional benefits are
  • Possibility of individual room control
  • Increased sta? productivity

3
360Quadrants is the largest marketplace looking
to disrupt USD 6.3 trillion of technology spend
and is the only rating platform for vendors in
the technology space. The platform provides users
access to unbiased information that helps them
make qualified business decisions. The platform
facilitates deeper insights using direct
engagement with 650 industry experts and
analysts and allows buyers to discuss their
requirements with 7,500 vendors. Companies get to
win ideal new customers, customize their
quadrants, decide key parameters, and position
themselves strategically in niche spaces, to be
consumed by giants and start-ups alike. Experts
get to grow their brand and increase their
thought leadership. The platform targets the
building of a social network that links industry
experts with companies worldwide. The platform
has around 400 buyers across various
markets. 360Quadrants will also be launching
quadrants in fields such as Digital
Transformation Software, Cloud Computing
Software, and Access Control Software. Contact M
r. Agney Sugla agney_at_marketsandmarkets.com 630
Dundee Road, Suite 430 Northbrook, IL 60062 USA
1-888-600-6441
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