BACnet Building Management System Market Report 2024 (Global Edition)

Global BACnet Building Management System Market Report 2024 Market Size Split by Type (BACnet MSTP, BACnet IP), by Application (Health Care, Office, Education, Public, Hotel, Others), by Deployment (O...

BACnet Building Management System Market Report Description

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BACnet Building Management System Market Insights Video

Competitive Landscape of the BACnet Building Management System Market

Many industry participants are using acquisition methods in order to grow their business and establish their position in the market. In addition, partnerships and collaborations are among the primary strategies employed by businesses. Leading companies in the sector are spending money on R&D to bring innovative goods and technology to market.

September 2022: Siemens provides the BACnet-compatible Desigo CC building management platform. One of the few building management systems with BACnet Secure Connect (BACnet/SC) capabilities is Desigo CC. BACnet/SC adds degree of security to smart building operations.

(Source: https://press.siemens.com/global/en/pressrelease/new-desigo-cc-v6-building-management-platform-adds-native-cloud-connectivity)

September 2020: Johnson Controls International plc and Amazon Web Services (AWS) collaborated to create OpenBlue, a cloud-based building automation platform. The international business Johnson Controls manufactures fire, HVAC, and security systems for buildings. Databases, computation, and storage are just a few of the more than 200 services that AWS provides as a cloud platform.

(Source:https://aws.amazon.com/enterprise/gc-gfdm-scope-3-reporting-made-easy/#:~:text=A%20world%20leader%20in%20smart%20buildings%2C%20offering,in%20partnership%20with%20AWS%2C%20enables%20much%20easier)

Top Companies Market Share in BACnet Building Management System Industry: (In no particular order of Rank)

• Honeywell
• Siemens
• Technovator
• Schneider
• Trane
• Azbil
• UTC
• Beckhoff
• SUPCON
• ST Electronics
• Deos
• KMC
• Johnson Controls
• GREAT
• Cylon
• Airedale
• Fidelix
• ASI
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the BACnet Building Management System Market

Which Region Dominates the BACnet Building Management System Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue because of the expanding number of suppliers offering BACnet-based building management systems, the growing desire for cost and energy savings, and the increased knowledge of the advantages of these systems.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the BACnet building management system market as a result of growing government measures to encourage energy efficiency, rising demand for affordable and energy-efficient building management systems, and rising BMS market investments.

The current report Scope analyzes BACnet Building Management System Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America BACnet Building Management System

According to Cognitive Market Research, the global BACnet building management system market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the BACnet building management system market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 2.3% during the forecast period being fueled by this region's growing need for green construction.
• The Canada BACnet building management system market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. The nation's urbanization and population growth are driving up demand for more effective building management systems.
• The Mexico BACnet building management system market is projected to witness growth at a CAGR of 3.0% during the forecast period with a market size of USD XX million in 2024.

Europe BACnet Building Management System

According to Cognitive Market Research, the global BACnet building management system market size was estimated at USD XX Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.8% from 2024 to 2031.

• The United Kingdom BACnet building management system market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.6% during the forecast period because there is a growing need for green buildings, connected buildings, smart building technology, energy efficiency, and cost savings.
• The France BACnet building management system market is projected to witness growth at a CAGR of 2.0% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany BACnet building management system market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period because of the nation's growing need for smart building technology, cost reductions, and energy efficiency.
• The Italy BACnet building management system market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD XX million in 2024.
• The Russia BACnet building management system market is projected to witness growth at a CAGR of 1.8% during the forecast period with a market size of USD XX million in 2024.
• The Spain BACnet building management system market is projected to witness growth at a CAGR of 1.9% during the forecast period with a market size of USD XX million in 2024.
• The Luxembourg BACnet building management system market is projected to witness growth at a CAGR of 2.9% during the forecast period with a market size of USD XX million in 2024.
• The Portugal BACnet building management system market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD XX million in 2024.
• The Greece BACnet building management system market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD XX million in 2024.
• Rest of Europe BACnet building management system market is projected to witness growth at a CAGR of 1.5% during the forecast period with a market size of USD XX million in 2024.

Asia Pacific BACnet Building Management System Market

According to Cognitive Market Research, the global BACnet building management system market size was estimated at USD XX Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.

• According to Cognitive Market Research, the China BACnet building management system market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period being driven by the increasing demand for green building in this area.
• The Japan BACnet building management system market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD XX million in 2024.
• The India BACnet building management system market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period due to the country's increasing demand for energy efficiency, cost savings, and smart building technologies.
• The South Korea BACnet building management system market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD XX million in 2024.
• The Australia BACnet building management system market is projected to witness growth at a CAGR of 6.0% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia BACnet building management system market is projected to witness growth at a CAGR of 7.3% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Asia Pacific BACnet building management system market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD XX million in 2024.

South America BACnet Building Management System Market

According to Cognitive Market Research, the global BACnet building management system market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil BACnet building management system market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period due to the increasing demand for cost-effective, energy-efficient, connected, green, and smart building technologies.
• The Argentina BACnet building management system market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. The country's population expansion and urbanization are increasing need for more efficient building management systems.
• The Colombia BACnet building management system market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD XX million in 2024.
• The Peru BACnet building management system market is projected to witness growth at a CAGR of 3.9% during the forecast period with a market size of USD XX million in 2024.
• The Chile BACnet building management system market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America BACnet building management system market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD XX million in 2024.

Middle East and Africa BACnet Building Management System Market

According to Cognitive Market Research, the global BACnet building management system market size was estimated at USD XX Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• The GCC Countries BACnet building management system market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD XX million in 2024 because there is a growing need for connected, green, smart, affordable, and energy-efficient building solutions.
• The Egypt BACnet building management system market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD XX million in 2024.
• The South Africa BACnet building management system market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD XX million in 2024 because of the nation's growing need for smart building technology, cost reductions, and energy efficiency.
• The Turkey BACnet building management system market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD XX million in 2024.
• The Nigeria BACnet building management system market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD XX million in 2024.
• The Rest of MEA BACnet building management system market is projected to witness growth at a CAGR of 3.0% during the forecast period with a market size of USD XX million in 2024.

BACnet Building Management System Market Analysis

BACnet Building Management System Market Type Segment Analysis

According to Cognitive Market Research, BACnet MSTP category stands out as the dominating category. Its cost-effectiveness, scalability, and dependability in linking devices in a building automation system are the reasons behind its expansion. Multiple sensor, controller, and actuator communication points—all important components of building automation—can communicate effectively with one another thanks to MSTP, which is why many building management systems choose it. The popularity of BACnet MSTP is anticipated to climb further in tandem with the growing need for smart buildings, propelling the market expansion of this particular category.

BACnet IT category emerges as the fastest-growing category in the BACnet building management system market. BACnet IT has grown in significance to enable interoperability, scalability, and improved data analytics as information technology develops and integrates with building management systems. The need for BACnet IT solutions is anticipated to continue growing as smart buildings and IoT technologies become more prevalent. These solutions provide more effective and integrated methods of managing and controlling building operations.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of BACnet Building Management System Industry. Request a Free Sample PDF!

BACnet Building Management System Market Application Segment Analysis

According to Cognitive Market Research, the dominating category is hotel propelled by the growing need for centralized management and surveillance of building functions, such as energy management, HVAC, lighting, and security, in the hotel sector. In order to maximize energy efficiency, improve guest comfort, and simplify property management procedures, hotels are implementing BACnet systems. To further facilitate efficient operations and improve guest experiences, BACnet's open protocol design also makes seamless integration with a variety of hotel management software possible.

The fastest-growing category in the BACnet building management system market is office. The growing use of smart building technologies to maximize energy efficiency, improve occupant comfort, and simplify facility operations is one of the causes contributing to this expansion. Because of BACnet systems' scalability, interoperability, and capacity to interface with a variety of building systems, including lighting, HVAC, and access control, offices are adopting them.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

BACnet Building Management System Deployment Segment Analysis

According to Cognitive Market Research, the on-premise category dominated the market in 2024. Building management systems that are installed on the premises to which they are connected are known as on-premise BACnet systems. An administrator present on-site may easily operate this type of BACnet system, which can be customized to meet the unique needs of the location. For individuals who desire total control over their building management system and the flexibility to tailor it to their requirements, this deployment style is perfect.

The fastest-growing category in the BACnet building management system market is cloud-based. BACnet building management systems that are housed on a cloud platform and can be accessed from any location in the globe are known as cloud-based systems. Since there is no need to install software or hardware on-site, this kind of BACnet system provides a more affordable option. Building managers who need to monitor the system from different places will find it indispensable if it also permits remote access and monitoring.

• On-Premise
• Cloud-Based

BACnet Building Management System Component Segment Analysis

According to Cognitive Market Research, the software category dominated the market in 2024. In a building network, BACnet Building Management System (BMS) software is used to monitor, control, and manage a variety of systems, such as lighting, energy management, elevator and escalator systems, security features, fire safety systems, and HVAC, lighting, and energy management systems. Features like problem detection, alarm management, remote access, advanced connection, improved reporting, and analytics are all included in the program, which is customized to meet the demands of each unique customer. By allowing for real-time monitoring of building activities, BACnet software maximizes efficiency and increases energy efficiency.

The fastest-growing category in the BACnet building management system market is hardware. Hardware for BACnet Building Management Systems consists of a variety of parts that adhere to open building automation protocols, including controllers, operator terminals, gateways, and input/output modules. BMS hardware facilitates easier device integration and intelligent, automated control of systems and devices inside the building, which lowers power consumption and lessens mechanical stress. Additionally, it facilitates smooth network connectivity, giving consumers access to better scalability and data security.

• Software
• Hardware

BACnet Building Management System End User Segment Analysis

According to Cognitive Market Research, the leisure & hotel category dominated the market in 2024. In recreational and lodging settings, the BACnet building management system is used to automate routine operations like lighting control, temperature regulation, and security system operation. Additionally, it can be utilized to identify any strange or suspicious activities occurring within the building and notify security staff.

The fastest-growing category in the BACnet building management system market is the manufacturing plant. Manufacturing facilities employ the BACnet building management system to run more efficiently. It assists in automating important processes, including regulating temperature, running equipment, keeping an eye on energy usage, and optimizing production cycles.

• Leisure & Hotel
• Style exhibition
• Government organs
• Commercial Office
• Scientific Research Institutions
• Manufacturing Plant
• Other Buildings

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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