Southeast Asia Building Management Systems Market Size By Type (Professional Services, and Managed Services), By Application (Commercial, Industrial, and Residential), By Software (Facility Management, Energy Management, Security Management, Infrastructure Management, and Emergency Management), By Geographic Scope And Forecast

Southeast Asia Building Management Systems Market Size And Forecast

According to Market Research, the Southeast Asia Building Management Systems Market was valued at USD 377.22 Million in 2019 and is projected to reach USD 756.93 Million by 2024, at a long-term CAGR of 20.80% from 2020 to 2024.

the rising focus on establishing energy-efficient and environment-friendly buildings and increasing requirement for a building management system to enhance business outcomes are some of the other factors that are supporting the growth of the market. The Southeast Asia report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Building Management Systems?

A Building Management System (BMS) can also be called a Building Automation System (BAS) and Building Automation and Control Systems (BACS). It refers to a computer-based system fitted in the buildings that monitor and controls the building’s electrical and mechanical equipment, such as lighting power systems, ventilation, and security systems. BMS is based on the controlling and monitoring of temperature, carbon dioxide, and humidity inside the building. It is a control system deployed in large buildings for efficient management of lighting control, fire alarms, safety, security, and overall facility management with energy and cost savings. It can be deployed in commercial buildings, IT parks, hotels, restaurants, manufacturing plants, retail outlets, and residential buildings. Building management systems include power monitoring, security, closed-circuit television (CCTV), fire alarm systems, elevators and escalators, plumbing and water monitoring, air handling units (AHUs), restrictive housing units (RHUs), fan coil units (FCUs), hydraulic power units (HPUs), and variable air volume (VAV) systems.

Southeast Asia Building Management Systems Market Overview

The growth of the Southeast Asia building management system market is driven by various factors, such as increasing demand for energy across countries, including Singapore, Thailand, and the Philippines, operational efficiency, and sustainability, and the presence of government regulations to promote BMS adoption across the organizations to optimize energy efficiency. With an increase in energy costs at the regional level and greater government sanctions, BMS is expected to be at the forefront of future facility projects in Southeast Asian buildings. Moreover, the rising focus on establishing energy-efficient and environment-friendly buildings and increasing requirement for a building management system to enhance business outcomes are some of the other factors that is supporting the growth of the market. However, high initial cost and complications associated with the implementation of BMS are the leading reasons that are hampering the growth of the market.

Southeast Asia Building Management Systems MarketSegmentation Analysis

The Southeast Asia Building Management Systems Market is segmented on the basis of Type, Application, Software, and Geography.

Southeast Asia Building Management Systems Market by Type

• Professional Services
• Managed Services

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Based on Type, the market is bifurcated into Professional Services, and Managed Services. Professional Services accounted for the largest market share in 2019 due to the regulatory push, amended policy framework, operational efficiencies, cost containment, sustainability benefits, and changing business dynamics,

Southeast Asia Building Management Systems Market by Application

• Commercial, Industrial
• Residential

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On the basis of Application, the Southeast Asia Building Management Systems market has been segmented into Commercial, Industrial, and Residential. Commercial accounted for the largest market share in 2019. The commercial building sector includes retail & public assembly buildings, office buildings, educational institutes, hospitals, airport & railways, and others. Office buildings are among the major end-users of the building management systems in the commercial sector. The high demand for an effective energy management tool to optimize the power is driving the growth of the Southeast Asia Building management system market.

Southeast Asia Building Management Systems Market by Software

• Facility Management
• Energy Management
• Security Management
• Infrastructure Management
• Emergency Management

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On the basis of Software, the Southeast Asia Building Management Systems market has been segmented into Facility Management, Energy Management, Security Management, Infrastructure Management, and Emergency Management. Facility management accounted for the largest market share in 2019. The rise in the demand for software solutions that easily integrate with other existing software is anticipated to create lucrative opportunities for the market to grow. The growing demand for cost-saving solutions for the management of heating, ventilation, and air conditioning (HVAC) systems and lighting systems by mid-size enterprises is likely to increase the adoption of the software.

Southeast Asia Building Management Systems Market by Geography

• Singapore
• Malaysia
• Thailand
• Indonesia
• Vietnam
• Philippines
• Rest of Southeast Asia

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On the basis of regional analysis, the Southeast Asia Building Management Systems Market is classified into Singapore, Malaysia, Thailand, Indonesia, Vietnam, Philippines, and Rest of Southeast Asia. Singapore is expected to hold the largest market share of the Building Management Systems Market over the forecast period followed by Malaysia. Higher adoption of building management system solutions by building stakeholder, presence of organizations, such as Singapore Green Building Council along with initiatives take by such organizations to promote the use of smart building solution for energy conservation from the country’s building sector are the factors that have boosted the adoption of building management system in Singapore.

Key Players

The “Southeast Asia Building Management Systems Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Schneider Electric, Combuilder Pte Ltd., EcoXplore Pte Ltd., DEC Contract Sdn. Bhd., Iconix Technology Sdn. Bhd., Advantech Co., Ltd., and Others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Report Scope

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