The Building Management System market was valued at USD 6.65 billion in 2016 and is expected to reach USD 19.25 billion by 2023, at a CAGR of 16.71% between 2017 and 2023. The dramatic increase in awareness in the excessive use of energy and concerns for the environment has fueled the demand for cost-effective technologies. Energy efficiency is becoming a part of the building management, facilities management, and operation strategy. The smart home concept is now making significant inroads into the domestic residential sector. Smart buildings will directly contribute to the global goal of reducing energy usage and emissions. Significant cost benefits to industrial, commercial, and residential users boost the demand for Building Management Systems. Other significant factors driving the growth of the Building Management System market include simplified building operation and maintenance, increasing demand for energy-efficient and eco-friendly buildings, and increasing integration of IoT.

In 2016, the Best Building Management System market was dominated by Johnson Controls Inc. (Ireland), Honeywell International Inc. (US), Schneider Electric (France), Siemens AG (Germany), and United Technologies Corp. (US). A few of the major strategies adopted by these players to compete in the Building Management Systems market include product launches, partnerships, and agreements from 2017 to 2019. There were also a significant number of product launches and acquisitions & mergers during this period.

Johnson Controls (Ireland) offers the BMS through its Building Efficiency segment under the name, Metasys Building Automation System. It has segmented its building automation and management products into supervisor software and tools, supervisory and network controllers, integration and gateways, programmable controllers, and configurable field controllers. The supervisor software and tools consist of software solutions and tools under Metasys and Facility Explorer. Metasys helps in connecting commercial HVAC, lighting, security, and protection systems, enabling them to communicate on a single platform to deliver the needed information which helps in saving energy and providing comfort and safety to building occupants.

Honeywell International (US) offers the BMS through the Home and Building Technologies business segment. The products and services comprise controls and displays for heating, cooling, indoor air quality, ventilation, humidification, combustion, lighting, and home automation. It launched a mobile software application named, Honeywell Vector Occupant App that enables building occupants to tap into IoT capabilities to address common building issues including temperature settings and access control. In 2016, the company acquired Intelligrated (US), a privately-held leader in supply chain and warehouse automation solutions, for USD 1.5 billion. These developments have broadened its offerings in the market.

Schneider Electric (France) provides low-voltage power and building automation products and solutions that address the needs of various end markets to help enhance the energy efficiency of the buildings. Schneider Electric offers integrated solutions to various business sectors. Schneider also focuses on strategic collaborations, agreements, acquisitions, and partnerships to strengthen its core businesses. For instance, in 2015, Schneider Electric collaborated with Autodesk Inc. (US) to improve the current practices for building lifecycle management with the help of building information modeling (BIM). This is a part of a strategy implemented by Schneider to optimize its portfolio and increase its focus on core businesses.

Siemens AG (Germany) provides automation technologies and digital services for safe, secure, and efficient buildings and infrastructure. Desigo is the management platform offered by Siemens which enables users to efficiently monitor and operate multiple systems including HVAC; lighting and shading; power; fire safety and security in buildings. It has undertaken various developments and increased its solution offerings in the Desigo management platform. Siemens added Desigo Control Point to its Desigo series of products in 2017; a new product comprises a variety of new web servers and touch panels, providing building operators and users with expanded options for operations.

United Technologies (US) offers building automation, HVAC, and refrigeration systems. It also offers electronic security products such as intruder alarms, access control systems, and video surveillance systems. Strategic mergers & acquisitions have also helped the company to strengthen its position in the Building Management System market. In 2017, it acquired EcoEnergy, an energy service business division of Wipro Limited (India), which is a leading energy management solutions company.