How do Building Management Systems contribute to Smart Buildings?
How do we define the term ‘building management system (BMS) platforms’, and how do these platforms contribute to smart buildings?
Vivid defines a BMS platform as any computer-based control system that monitors some or all of the building’s mechanical and electrical systems. This includes systems in the energy, security, life safety, and other domains. BMS platforms can consist of either a mix of software and hardware components, or solely software.
Security integration platforms, building energy management system (BEMS) platforms, supplemental analytics platforms and enterprise platforms that monitor multiple building campuses simultaneously are all included as BMS platforms so long as they are designed to facilitate the integration of multiple building domains.
Domains of equipment that are connected through BMS platforms include:
- Security – 35%
- Climate control – 28%
- Lighting – 19%
- Life safety – 8%
- Elevators – 7%
- Others – 3%
Which domains of equipment are most frequently integrated with BMS platforms?
Attach rates of equipment are highest with BA equipment (41% in 2017)and lighting (31% in 2017) and lowest with elevators (4% in 2017) and fire detection (7% in 2017).Among security domains, access control (30% in 2017)has the strongest attach rate with BMS platforms. ‘Attach rate’ refers to the percentage of the total addressable market of each domain type sold into commercial buildings that are connected through BMS platforms.Integrations among energy and security domains are generally stronger than life safety, elevators and other domains. Opportunities to integrate life safety elevator equipment through BMS platforms are comparatively limited as more stringent regulations limit the transmission of data to and from these equipment types. Equipment in the life safety and elevator domains also often rely on proprietary protocols to transmit data, which restricts integration opportunities.
How large is the market for BMS platforms and what kind of growth is anticipated over the next five years?
Which types of BMS platforms will grow the strongest over the forecasting period?
The total market for BMS platforms in 2017 was estimated at $2.2 billionand will grow at a 6.2% CAGR over the next five years.This includes just sales of the BMS platforms as products, and does not include additional revenues from installation, configuration, customization and services. If the latter figures were included, the total market size for BMS platforms would be more than four times larger than IHS Markit’s estimate.In 2017, 62% of the market size of BMS platforms sold were capable of managing all building domains. 15% only manage security and life safety domains, while 23% are capable of only managing energy domains (lighting and climate control).