Singapore Building Management System Market Report 2021-2027: Disruptive Technologies and Competition from Start-ups Stimulate the Progression of BMSs

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Jun 27, 2022, 09:15 ET

DUBLIN, June 27, 2022 /PRNewswire/ -- The "Singapore Building Management System Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

The Singapore building management system (BMS) market is forecast to expand with a 7.2% CAGR for 2021-2027.

Although the positive growth over the forecast period is attributable to recovery from the pandemic, it will not reach the market size of pre-COVID-19 years. Growth is lower due to slower recovery in the construction sector until 2027. Although projects largely resume in 2021, new waves of COVID-19 infection in Singapore dampened growth in that year, and the BMS market registered a slight decline of 5.0%.

Building automation system (BAS) was the largest BMS product segment in Singapore from 2018 to 2020. In 2020, its revenue accounted for 41.2% of the BMS market and will likely record a 6.9% CAGR (2021-2027). However, energy management system (EMS) overtook BAS as the largest BMS product segment in 2021.

EMS' revenue share was 41.9% that year, while BAS took 39.1% of BMS revenue. The EMS segment is forecast to register a 7.4% CAGR from 2021 to 2027. Although emergency and security automation systems (ESAS) will remain the smallest BMS product segment throughout the forecast period, it will be the fastest-growing section at 7.6% CAGR (2021-2027).

Despite strong headwinds in economic recovery due to the pandemic, Singapore will remain a BMS adoption hotspot. Singapore's Smart Nation Initiative, along with other industries, drives the BMS market development in the country. This initiative created a conducive environment for start-ups to thrive in research and development (R&D) for BMS innovation.

Several newer companies offering digital solutions for BMS applications are present in Singapore. The use of digital technologies in BMS such as cloud computing and networking, big data analytics, the internet of things (IoT) will remain important.

The development of these technologies will continue to be steadfast. Its evolution will lead to the development of smart BMS as well. It is also likely to impact the BMS software market positively over the forecast period.

Key Topics Covered:

1. Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top Three Strategic Imperatives on the Building Management System (BMS) Market
Growth Opportunities Fuel the Growth Pipeline Engine

2. Growth Opportunity Analysis

Scope of Analysis
Segmentation
Key Competitors
Key Growth Metrics
Value Chain Stakeholders
Growth Drivers
Growth Driver Analysis
Growth Restraints
Growth Restraint Analysis
Forecast Assumptions
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Product
Revenue Forecast Analysis by Product
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Revenue Share Forecast by Service Type
Revenue Forecast by End User
Revenue Forecast Analysis by End User
Pricing Trends and Forecast Analysis
Competitive Environment
Revenue Share
Overview of Market Participants

3. Growth Opportunity Analysis - Building Automation System

Key Growth Metrics for BAS
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Revenue Share Forecast by Service Type
Revenue Forecast by End User
Revenue Forecast Analysis by End User

4. Growth Opportunity Analysis - Energy Management System

Key Growth Metrics
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Revenue Share Forecast by Service Type
Revenue Forecast by End User
Revenue Forecast Analysis by End User

5. Growth Opportunity Analysis - Emergency and Security Automation System

Key Growth Metrics
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Revenue Share Forecast by Service Type
Revenue Forecast by End User
Revenue Forecast Analysis by End User

6. Growth Opportunity Universe

Growth Opportunity 1: Market Segment Prioritization for Quick Wins and Expansions
Growth Opportunity 2: BMS Demonstration Projects for Market Penetration
Growth Opportunity 3: Integration with Digital Technologies for BMS Advancement

7. Next Steps

Companies Mentioned