A new market intelligence study by Transparency Market Research presents a detailed overview of the intelligent building management systems market. The report is titled “Intelligent Building Management Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023.” The report provides a comprehensive analysis of the growth drivers, factors challenging growth, trends, innovations, and projections of the market for the period from 2016 to 2023.
Intelligent building management systems (IBMS) are devised to monitor, control, and optimize the services of a building. The services include: Heating, lighting, alarm systems, security, audio-visual, CCTV, ventilation, access control, time and attendance reporting, and entertainment systems. Intelligent building management systems encompass a variety of technologies and are used for the building of intelligent homes and buildings. Applications of IBMS span across the commercial, industrial, domestic, and institutional sectors.
The technology surrounding IBMS is vast and has the potential to change the lives of people by impacting their living and working environments. The impact of intelligent building management systems is immense as they can automate, integrate, and optimize the services and equipment of the building concerned. IBMS can help conserve energy, which is fueling their demand. Greenhouse gas emission reductions depend on the energy consumed. The rising awareness and concern about energy use in facilities management, real estate management, and various other operations, are boosting the global intelligent building management systems market. In short, IBMS are beneficial for the environment and thus, enjoy government support. The adoption of IBMS is fueled by the various government initiatives across the globe.
Automation brought in by the use of intelligent building management systems helps in maintaining the sound infrastructure of buildings and reduces their operating costs. The rising adoption of technology to improve lifestyle is one of the reasons behind the high demand for intelligent building management systems. Since IBMS increase the efficiency of buildings by reducing failures and errors, they are highly in demand. IBMS also have modules that deal with fire and flood with the help of alarm systems. Since all buildings are required to comply with these safety standards, IBMS are extensively adopted, driving the market.
The global intelligent building management systems market is segmented on the basis of product, application, and geography. On the basis of product, the market is segmented into general lighting controls, standards and data distribution, security and access controls, outdoor controls, communication protocols, heating ventilation and air conditioning (HVAC) controls, and entertainment controls.
The report profiles some of the top vendors operating in the intelligent building management systems market. They are: Singapore Technologies Electronics Limited, T-Systems International GmbH, NG Bailey Group, Schneider Electric SE, Allied Digital Services limited, Delta Electronics, Inc., Pacific Control Systems, Larsen & Toubro Limited, Siemsatec Ltd., and Advanced Control Corporation.