Disruptive Technologies Enable Energy Efficiency and Advances in Building Management Systems


Dublin, December 7, 2021 (GLOBE NEWSWIRE) – The report “GCC Building Management System Growth Opportunities” has been added to ResearchAndMarkets.com offer.

The overall BMS in GCC market is expected to generate revenues of over $ 500 million by 2027, growing at a compound annual growth rate (CAGR) of over 5% from 2021 to 2027.

The building management systems (BMS) market within the Gulf Cooperative Council (GCC) is witnessing the emergence of innovative technologies such as building information modeling (BIM) and 3D printing. These technologies cause significant disruption, influencing the way buildings are managed and shifting roles from traditional skills to technological expertise and collaborative efforts.

The publisher defines the BMS as a computer system that monitors, controls and optimizes the mechanical and electrical systems of a building. BMS is built on 3 architectures: management layer, automation layer and field level devices. Only the business layer and the automation layer are included in this study. The end user groups covered by this study are commercial and industrial buildings.

Some of the other key drivers for the advancement of the BMS market in GCC are the digitization of building operations and management and the growing demand for energy efficient and environmentally friendly buildings. Many countries in the region are gradually promoting energy efficiency as a means of ensuring energy security. Price sensitivity, lack of understanding of the benefits and return on investment of BMS, and the lack of qualified BMS experts are the major restraints in the market.

With government initiatives encouraging energy monitoring, more and more market players, including global BMS players, are playing a key role in advancing BMS solutions in GCC. There is a growing demand for integrating smart building automation systems with the growing digital infrastructure of CCG. The use of smart devices also opens up opportunities for non-BMS participants such as IBM and Apple to venture into the BMS market.

Circular economy business models, major socio-economic events, and mega infrastructure projects are some of the key transformative trends that will create opportunities for the advancement of various GCC markets including BMS. The need for CCG buildings and mega entertainment parks to be sustainable and consume less energy will drive the need for advanced BMS solutions.

Main topics covered:

1. Strategic imperatives

  • Why is it more and more difficult to cultivate?

  • The strategic imperative

  • The Impact of the Top 3 Strategic Imperatives on the GCC Building Management System (BMS) Industry

  • Growth opportunities fuel the engine of the growth pipeline

2. Analysis of growth opportunities

  • Scope of the analysis

  • Segmentation

  • Key Competitors

  • Main conclusions

  • Key growth indicators

  • Growth drivers

  • Analysis of growth drivers

  • Growth constraints

  • Growth restriction analysis

  • Forecast assumptions

  • Revenue forecast

  • Revenue forecast by product

  • Revenue forecast by region

  • Revenue forecast by end user

  • Revenue forecast analysis

  • Revenue forecast analysis by end user

  • Price trends and forecast analysis

  • Competitive environment

  • Competitive framework

  • Competitive framework analysis

3. Analysis of growth opportunities – BAS

4. Analysis of growth opportunities – EMS

5. Analysis of growth opportunities – ESAS

6. Universe of growth opportunities

  • Growth Opportunity 1: Next Generation Technologies for Operational Improvements

  • Growth Opportunity 2: New Business Models and Innovation in Sales Channels for Better BMS Ownership

  • Growth Opportunity 3: M&A for an Enhanced BMS with Digital Capabilities and Geographic Footprint

  • Growth opportunity 4: System interoperability for transparent construction operations

7. Next steps

For more information on this report, visit https://www.researchandmarkets.com/r/v7qrfs

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