Singapore Building Management System Market is projected to grow at a CAGR of 7.2% from 2024-2030F

Commercial segment held the largest share in Singapore Building Management System Market- 6Wresearch

In 2023, the commercial sector led the Singapore building management system market in revenue share, driven by the government's emphasis on improving performance optimization and eco-friendliness in commercial and urban development projects. This includes investments in shopping malls, hotels, office buildings, and public spaces. Notable projects such as Punggol Digital District and CapitaSpring highlight the sector's commitment to advanced BMS technologies, supporting Singapore’s goals of sustainability and smart infrastructure.

According to 6Wresearch, Singapore Building Management System Market is projected to grow at a CAGR of 7.2% from 2024-2030F. The expansion of Resorts World Sentosa by 2026, alongside the government's plan to add 7,186 new hotel rooms from 2023 to 2026, is anticipated to significantly increase the demand for building management systems in Singapore. Additionally, the government’s commitment to enhancing residential infrastructure is evident, with over 28,000 housing units planned for development between 2024 and 2028. Furthermore, several key retail projects, including The Woodleigh Mall, the expansion and upgrading of Changi Terminal 2, and the development of the Punggol Digital District, are currently under construction and are expected to be completed between 2023 and 2025. These initiatives collectively underscore the demand for building management solutions and services to increase energy efficiency and reduce operating cost.

According to Shubham Deep, Senior Research Analyst, 6Wresearch, Facility management in Singapore is expected to grow rapidly due to the country's commitment to sustainability, driven by initiatives like the Singapore Green Building Masterplan and Green Plan 2030. As urban infrastructure expands, the demand for facility management services rises to maintain and optimize buildings, crucial for achieving energy efficiency and sustainability goals.

Singapore Building Management System Market (2024-2030) report provides an in-depth analysis with 12 figures and 8 tables, covered in 67 pages. The report comprehensively covers the market by type, solution, service type and application. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.