Malaysia Building Management Systems Market Size By Type (Professional Services, Managed Services), By End–user (Commercial, Industrial, Residential), And Forecast

Malaysia Building Management Systems Market Size And Forecast

The Malaysia Building Management Systems Market size was valued at USD 139.96 Million in 2022 and is projected to reach USD 402.20 Million by 2030, growing at a CAGR of 14.21% from 2023 to 2030.

The implementation of BMS in Malaysia has been prompted by the increased attention being paid to sustainability and energy efficiency. The Malaysia 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.

Malaysia Building Management Systems Market Definition

The electrical, mechanical, and electromechanical services of a facility can be monitored and managed using a building management system (BMS), which is a control system. Power, heating, air conditioning, ventilation, pumping stations, physical access control, lighting, and elevators are a few examples of these services.

Software, a server with a database, and intelligent sensors coupled to an Internet-capable network make up a fairly simple BMS. Smart sensors placed around the building collect data, send it to the BMS, and the BMS stores it in a database. The BMS will sound an alarm if a sensor returns information that is inconsistent with predetermined parameters. For instance, in a data center, the BMS may sound an alarm when a server rack’s temperature rises above the allowed range.

BMS technology may be installed as a stand-alone application or it may integrate with other monitoring tools, depending on the system. A more sophisticated BMS can keep track of and manage a variety of building services across many platforms and protocols, giving facility managers a unified, common understanding of the facility’s operations. On the other hand, Integrated building management systems (iBMS) have appeared more recently. They centralize all building systems similarly to a BMS, but they also integrate the complete building environment. As a result, they also comprise systems for access control, video surveillance, and fire suppression, among others.

Malaysia Building Management Systems Market Overview

Malaysia’s market for building management systems (BMS) has been expanding substantially in recent years. The term “BMS” refers to a centralized control system that monitors and controls a variety of building operations, including lighting, security, HVAC (heating, ventilation, and air conditioning), and other systems. The implementation of BMS in Malaysia has been prompted by the increased attention being paid to sustainability and energy efficiency. BMS monitors and controls building systems to optimize energy use, which saves energy and lowers operational expenses.

A number of issues, including sustainability, operational effectiveness, rising energy demand, and government rules that support the building management system to promote efficiency, are driving the spread of building management systems. With the assistance of automated software, the BMS system can effectively manage BMS operations, such as water distribution, lighting systems, and many others. This helps to improve reliability, extend the life of equipment, reduce carbon emissions, increase productivity, conserve water, and ultimately improve resident comfort. As a result, the market’s demand for building management systems will eventually rise.

Moreover, with several ongoing commercial, residential, and infrastructural projects, Malaysia has a booming building industry. The use of BMS in new construction projects is rising in popularity as a way to improve operational effectiveness, customer satisfaction, and sustainability. Furthermore, In Malaysia, there is growing interest in combining BMS with cloud-based and Internet of Things (IoT) technology. This integration enables the deployment of smart building solutions, data analytics for enhanced decision-making, and remote control and monitoring of building systems.

However, building management system market expansion will be constrained by a number of issues, such as high implementation costs and a lack of laborers with the necessary technical skills.

Additionally, the requirement for safety measures in the building has increased dramatically in recent years. Building management systems enable us to install security monitoring equipment such as biometric systems and CCTV cameras. Any security lapses brought on by human error will be eliminated by these automated technologies. Additionally, governments have created legislation to safeguard resident safety and to encourage the adoption of building management systems. All of these elements will contribute to an increase in demand and open up new market prospects for building management systems.

Malaysia Building Management Systems MarketSegmentation Analysis

The Malaysia Building Management Systems Market is segmented into Type, and End–user.

Malaysia Building Management Systems Market, By Type

• Professional Services
• Managed Services

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Based on Type, the market is divided into Professional Services, and Managed Services. In 2023, the professional services segment accounted largest market share of the Malaysia Building Management Systems.

Malaysia Building Management Systems Market, By End-User

• Commercial
• Industrial
• Residential

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Based on End-user, the market is segmented into Commercial, Industrial, and Residential. In 2023, the commercial segment accounted for a significant portion of the Malaysia Building Management Systems.

Key Players

The major players in the market are Honeywell (Tridium), Johnson Controls, Siemens, Schneider Electric, ABB, Delta Controls, Crestron Electronics, Trane Technologies, United Technologies Corporation, Emerson Electric Co, and amongst other major companies operating in the Malaysia Building Management Systems. The competitive landscape section also includes a Malaysia study of the above-mentioned competitors’ primary development strategies, market share, and market ranking.

Key Developments

• In March 2023, Delta Controls launched Red5, the company’s new line of native BACnet controllers with scalable and secure IoT connectivity. The company claims that the new Red5 product line, which provides greater processing speed, versatility, and I/O modularity, replaces the outdated DSC and DAC-E controllers. The new Proviso provisioning application also streamlines processes and lowers installation costs.
• In July 2022, Johnson Controls, a global leader in smart, healthy, and sustainable buildings, announced a new update to Metasys, the company’s industry-leading Building automation system (BAS). Matasys provides the foundation for fully optimized building management. For optimal operator efficiency, Metasys’ user-friendly architecture unifies HVAC and non-HVAC systems onto one platform.
• In July 2021, A strategic partnership between Honeywell and Nexii Building Solutions Inc. (Nexii) was announced in order to advance the construction of buildings with minimal environmental effects. This partnership establishes Honeywell as the sole provider of building technology for all new buildings built by Nexii. Honeywell will supply these solutions, which provide energy savings and operational efficiencies.

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