Infinium Global Research Building Management System Market | Page 3

Building Management System Market: Trends and Forecast -2024
upcoming years. In addition, growing demand of building management system
across various emerging regions is expected to contributing in the growth of BMS
market over the forecast period.
Geographically, Europe holds the maximum share in the building management
system market and is expected to remain the largest region over the period of 2018
to 2024. The various government agencies are taking initiative in the adoption of
building management system as they offer energy and cost effective solution.
Moreover, rising awareness about energy efficient and ecofriendly services drives
the growth of building management system market in this region. Furthermore, the
Asia Pacific is the fastest growing region in the building management system
market. The rapidly growing demand of building management system from the
growing countries like china and India are likely to boost the market growth in the
Asia pacific region.
Segment Covered
The report on global building management system market covers segments such
as, component and application. On the basis of component the global building
management system market is categorized into hardware, software and service
type. On the basis of application the global building management system market is
categorized into residential, commercial and industrial.
Geographic Coverage
The countries covered in the North America region include the U.S., Canada, and
Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and
among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are
included in the European region. The U.S. drives the growth in the North America
region as it is the largest market in the region. The Asia-pacific region offers a
substantial potential for the market growth owing to rapid growth in markets such
as India and China. The APAC region is projected to experience a growth at a CAGR
of x.x% over the period of 2018-2024.
Major Key Players Mentioned in this Premium Report
The report provides profiles of the companies in the global building management
system market such as, Honeywell International Inc., Johnson Controls
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