Taiwan Building Management System Market is projected to grow at a CAGR of 5.2% from 2024-2030F

Managed services in the services segment held the highest revenue share in Taiwan Building Management System Market -6Wresearch

In 2023, managed services led the revenue share in the services segment as it provide continuous monitoring, maintenance, and management of BMS solutions, ensuring consistent performance and minimizing downtime which helps organizations maintain high efficiency and reliability over the long term.

According to 6Wresearch, Taiwan Building Management System Market is projected to grow at a CAGR of 5.2% from 2024-2030F. Hotel markets, which are currently dominated by local chains and independent operators, are likely to see an increase in internationally branded hotels, particularly in Taichung, Tainan, Kaohsiung, and Hualien. Cities outside of Taipei are gaining more interest from developers and investors, leading to growing project pipelines. For instance, Marriott has 10 hotels in development, while IHG has 5 upcoming projects. Meanwhile, Hyatt is rapidly expanding its presence in Taiwan, with plans to increase its portfolio from 1 existing property to 6 additional ones in the pipeline.

Such establishments would foster growth in the demand for HVAC, lighting, energy, fire, and security systems in buildings, thereby fueling the market for building management systems in the coming years.

According to Shubham Deep, Senior Research Analyst, 6Wresearch, Commercials segment has the highest revenue share in 2023 due to its substantial demand for advanced energy management and operational efficiency driven by high energy consumption and the need for effective HVAC and lighting control. Additionally, it enables users to reduce operational costs and enhance building performance through integrated BMS solutions.

Taiwan Building Management System Market (2024-2030) report provides an in-depth analysis with 11 figures and 7 tables, covered in 68 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.