Key Trends and Outlook for Building Management Solutions (BMS) in Southeast Asia - Reportlinker Review

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Oct 28, 2015, 07:11 ET

NEW YORK, Oct. 28 2015 /PRNewswire/ -- Key Trends and Outlook for Building Management Solutions (BMS) in Southeast Asia : Growing Need for Energy Conservation Drives the Growth of BMS

The building construction industry in Southeast Asia is witnessing significant growth owing to fast-growing economies such as Indonesia, the Philippines, and Vietnam. More cities are increasingly developing with a "smart city" vision in mind. As a result, there will be growth in the demand for smart buildings. With several smart cities being developed or planned in Southeast Asia, the demand for building management solutions (BMS) will witness a sharp increase. Singapore leads the region with the highest revenue for BMS. Meanwhile, the Philippines, Thailand, and Malaysia will witness fast-growing demand for BMS.

Key Findings

The building construction industry in Southeast Asia is witnessing significant growth owing to fast-growing economies such as Indonesia, the Philippines, and Vietnam. Indonesia and Vietnam have adopted policy changes now allowing greater foreign ownership of property.

- More cities are increasingly developing with the "smart city" vision in mind. As a result demand for smart buildings will grow.
- With several smart cities being developed or planned in Southeast Asia, the demand for building management solutions (BMS) will witness a sharp increase. - Singapore leads the region with the highest revenue for BMS in Southeast Asia. Countries such as the Philippines, Thailand, and Malaysia will witness fast-growing demand for BMS.
- With numerous regulations and incentives that encourage green solutions, incorporating energy harvesting propositions in BMS will be an added advantage and will increase the demand significantly.
- The commissioning of the ASEAN Economic Community by the end of 2015 is expected to facilitate the growth of BMS owing to less trade restrictions and more foreign investments.
- Currently, BMS in Southeast Asia is mostly implemented in large buildings such as industries, multi-tenant commercial offices, and high-rise residential buildings. With the government implementing tighter regulations and building standards, BMS will be adopted in more small-and medium-sized buildings.

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