Thailand Building Management System Market (2024-2030) | Value, Companies, Growth, Industry, Share, Revenue, Size, Trends, Forecast & Analysis

Topics Covered in Thailand Building Management System Market Report

Thailand Building Management System Market Report thoroughly covers the market by type, solution, service type and application. Thailand Building Management System Market Outlook report provides an unbiased and detailed analysis of the ongoing Thailand Building Management System Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.

Thailand Building Management System Market Synopsis

Thailand’s commercial sector has been a significant driver of the Building Management System (BMS) market, with increasing investments in retail, hospitality, and mixed-use developments. The sector's focus on enhancing efficiency and sustainability has accelerated the adoption of BMS solutions, as businesses aim to optimize operations and reduce costs. Notable projects include the USD 1.7 billion ICONSIAM and the USD 3.5 billion The One Bangkok, both of which prioritize energy savings and operational efficiency, underscoring the importance of BMS in modern commercial developments. Moreover, Thailand’s office sector reached 9.8 million sqm in 2023, with 2.59% YoY growth with occupancy rates reaching around 85%. This growth drives the BMS market as businesses focus on energy efficiency and cost reduction bolstering the overall market.

According to 6Wresearch, Thailand Building Management System Market revenues is projected to grow at a CAGR of 9.1% respectively during 2024-2030F. The building management market is expected to witness significant growth, primarily aim to develop 100 smart cities by 2024, supported by a planned $168.75 million investment. This strategic move addresses the challenges of urban expansion and a growing population, driving demand for Building Management Systems (BMS) to enhance energy efficiency and sustainability in new urban environments. Moreover, Government efforts such as the Energy Efficiency Plan (2015-2036), which targets a 30% reduction in energy intensity by 2036, and the Energy Conservation Promotion Act are pushing for green building practices. These regulations emphasize the role of BMS in optimizing energy use, reducing operational costs, and supporting sustainable development. However, implementing agencies face challenges, including limited technology assessment capabilities and a shortage of skilled professionals familiar with energy-efficient solutions. The alignment of infrastructure investments with energy efficiency goals positions the BMS market as a critical component of Thailand's sustainable growth, enhancing building performance and supporting long-term energy objectives of the country.

Market Segmentation by Type

The Solution type dominated Thailand's building management system market in 2023 due to its integrated strategy, which combined software and hardware for all-encompassing building operations control. Moreover, this integration is an ideal option for companies looking for long-term advantages due to the improves energy efficiency, lowers operating costs, and takes care of early investment requirements.

Market Segmentation by Solution

Facility management has garnered the highest revenue in Thailand's BMS solution segment due to its focus on optimizing energy consumption in HVAC and lighting systems. Moreover, effective control of these systems reduces operational costs, making facility management a crucial component of BMS solutions.

Market Segmentation by Service Type

Managed services have captured the highest revenue in Thailand's BMS service segment as it offer cost efficiency through predictable, subscription-based pricing, reducing the need for significant upfront investments. These services provide continuous support with round-the-clock monitoring, maintenance, and updates, ensuring system reliability and minimizing downtime.

Market Segmentation by Application

The commercial segment held the largest share in 2023 and is expected to maintain its lead due to the high penetration of Building Management Systems (BMS) in Thailand’s commercial buildings. To meet the government’s targets of achieving net zero emissions by 2065 and initiative to promote energy efficiency, commercial building owners are increasingly investing in technologies that support attaining Super Low Energy (SLE) certification.

Key Attractiveness of the Application

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Thailand Building Management System Market Overview
• Thailand Building Management System Market Outlook
• Thailand Building Management System Market Forecast
• Industry Life Cycle
• Porter’s Five Forces Analysis
• Historical Data and Forecast of Thailand Building Management System Market Revenues for the Period 2020-2030F
• Historical Data and Forecast of Thailand Building Management System Market Revenues, By Type, for the Period 2020-2030F
• Historical Data and Forecast of Thailand Building Management System Market Revenues, By Solution, for the Period 2020-2030F
• Historical Data and Forecast of Thailand Building Management System Market Revenues, By Service Type, for the Period 2020-2030F
• Historical Data and Forecast of Thailand Building Management System Market Revenues, By Application, for the Period 2020-2030F
• Market Drivers and Restraints
• Market Evolution & Trends
• Market Opportunity Assessment
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Type

• Solution
• Services

By Solution

• Facility Management
• Security Management
• Energy Management
• Infrastructure Management
• Emergency Management

By Service Type

• Professional Services
• Managed Services

By Application

• Residential
• Commercial
• Industrial