MRO Magazine

Research and Markets: Global BMS Market 2015-2019 – Integration of BMS with Industrial Automation


July 1, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/qv7g6g/global_bms_market) has announced the addition of the “Global BMS Market 2015-2019” report to their offering.

The Global BMS market to grow at a CAGR of 8.18% over the period 2015-2019.

BMS are deployed in large buildings for the efficient energy management, and they help in controlling and managing building facilities such as lighting, electricity, fire precautions, safety, security, and HVAC. These systems are installed in buildings such as commercial buildings, IT parks, hotels, restaurants, manufacturing plants, retail outlets, and residential buildings for effective facility management. They enable easy automation and help in managing buildings for better cost savings and improved performance.

Manufacturing companies are integrating BMS with industrial automation to manufacture quality products and gain a competitive edge. This allows companies to differentiate themselves by providing better quality and reliable products. Most of the manufacturing processes have become automated to maintain consistency in their production.

According to the report, the adoption of a BMS enhances the comfort level of employees within a building, thus resulting in better employee productivity. Increased inflation rates and fluctuating economic growth have created the need for organizations to achieve maximum productivity with minimum expenditure. Retail industries are increasingly adopting BMSs, especially in retail outlets, to increase their customer satisfaction and experience.

Further, the report states that the high cost of BMS installation is one key factor which is deterring companies from investing in BMSs. Vendors are continuously adding better functionality with advanced features in BMSs to remain competitive, which has increased the product price even more. BMSs need continuous support and services to function properly and some vendors are not able to meet customers’ expectation, leading to customer dissatisfaction.

Key Vendors

  • Control4
  • Honeywell
  • Johnson control
  • Schneider Electric
  • Siemens

Other Prominent Vendor

  • Bosch
  • Legrand
  • Lutron Electronics
  • Tyco
  • United Technologies

For more information visit http://www.researchandmarkets.com/research/qv7g6g/global_bms_market

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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