Global Intelligent Building Management Systems Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Intelligent Building Management Systems Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Component (Hardware, Software, and Services), Product (General Lightning Controls, Security and Access Controls, HVAC Controls, and Others), Application (Industrial, Residential, and Commercial), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Intelligent Building Management Systems Market was valued at USD 32,817.8 million in 2023 and is expected to reach USD 84,203.5 million by 2031 while growing at a CAGR of 12.5% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global intelligent building management systems market growth. The Intelligent Building Management System (IBMS) uses advanced software and hardware to control building functions, integrating with energy systems for operations like energy conservation and cost reduction. It effectively manages mechanical and electrical equipment, enhancing energy efficiency, reducing costs, ensuring safety, and lowering the building's carbon footprint.
Increasing emphasis on energy conservation and sustainability, coupled with continuous advancements in sensor technology, IoT (Internet of Things), and artificial intelligence, drives the growth of the intelligent building management systems market. However, obstacles such as high initial costs and data security concerns may hinder market expansion. Furthermore, the global intelligent building management systems industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Component Analysis
The Global Intelligent Building Management Systems Market is segmented among Hardware, Software, and Services, based on Component. In 2023, Hardware accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Product Analysis
The Global Intelligent Building Management Systems Market is segmented among General Lightning Controls, Security and Access Controls, HVAC Controls, and Others, based on Product. In 2023, Security and Access Controls accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Intelligent Building Management Systems Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are ABB Ltd, Honeywell International Inc, VMA N.V., Azbil Corporation, Siemens AG, Schneider Electric, Mitsubishi Corporation, Delta Electronics, Inc., Johnson Controls International Plc., ST Engineering, Nemetschek SE, and Larsen & Toubro Ltd
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Intelligent Building Management Systems Market Dynamics
Drivers
Restraints
Opportunity
4. Global Intelligent Building Management Systems Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Intelligent Building Management Systems Market Segmentation, By Component
Global Intelligent Building Management Systems Market Share Analysis, By Component
Global Intelligent Building Management Systems Market Growth Analysis, By Component
Global Intelligent Building Management Systems Market Trends, By Component
o Hardware
o Software
o Services
6. Global Intelligent Building Management Systems Market Segmentation, By Product
Global Intelligent Building Management Systems Market Share Analysis, By Product
Global Intelligent Building Management Systems Market Growth Analysis, By Product
Global Intelligent Building Management Systems Market Trends, By Product
o General Lightning Controls
o Security and Access Controls
o HVAC Controls
o Others
7. Global Intelligent Building Management Systems Market Segmentation, By Application
Global Intelligent Building Management Systems Market Share Analysis, By Application
Global Intelligent Building Management Systems Market Growth Analysis, By Application
Global Intelligent Building Management Systems Market Trends, By Application
o Industrial
o Residential
o Commercial
8. Global Intelligent Building Management Systems Market Segmentation, By Region
Global Intelligent Building Management Systems Market Share Analysis, By Region
Global Intelligent Building Management Systems Market Growth Analysis, By Region
Global Intelligent Building Management Systems Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
ABB Ltd*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Honeywell International Inc.
VMA N.V.
Azbil Corporation
Siemens AG
Schneider Electric
Mitsubishi Corporation
Delta Electronics, Inc.
Johnson Controls International Plc.
ST Engineering
Nemetschek SE
Larsen & Toubro Ltd
*Similar analysis will be provided for each company listed above.
