Intelligent Building Management Systems Market - Industry Size, Share, Growth, Trends Analysis Till 2021

The objective of the Intelligent Buildings Management Systems (IBMS) is to centralize the monitoring, control operations, efficient management of facilities within the building. These systems helps to achieve more efficient building operations at reduced energy and labor costs while providing a safe and quality working environment to the occupants. The IBMS products are designed to facilitate ease of access, reduce man power and control the all the appliances in a single or multiple rooms.

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The market is expected to grow during the forecast period due to the increasing demand from hospitality industry and growing green building infrastructure. In addition, augmented growth in automation market is further influencing the growth of IBMS market in India. Economic growth of India and growing disposable income among the citizens is also boosting the IBMS market in the country. Furthermore, the need for occupant comfort, reduction of operating cost, and need for energy efficiency is raising the demand of IBMS in various application sectors in India.

The intelligent building management systems market is segmented on the basis of product, application, and geography. The products available in this market are general lighting controls, security controls, communication systems, access controls, entertainment controls, HVAC controls, and outdoor controls amongst others. Applications of these systems are seen in life science buildings, hospitality, residential, and retail buildings, office spaces (such as BPOs, ITES, banks, and IT parks), centers of education and learning, manufacturing units, and energy and infrastructure spaces.

Of the types of products, the security control segment was valued at US$291.3 mn in 2014, accounting for nearly 30% of the overall market. Analysts predict that this segment will continue its dominance in the coming years due to reduction in traffic violations, growing need for safety and security, and increasing concerns over cyber security. Amongst the end users, the hospitality, residential, and retail segment stood at US$185.1 mn in 2014, measuring up to be the biggest user of these systems. Researchers also predict that the centers of education and learning segment will grow at an exceptional pace in the coming few years.

Some of the important players in the intelligent building management systems market of India are Siemens Building Technology, Control4 Corporation, Honeywell Automation India, Schneider Electric India, ABB India, Cisco Systems, and Johnson Controls (India). The research report profiles these players and provides a fair assessment of the competitive landscape in the market. The report also explains the pace the technological developments and the demand scenario that is shaping the overall market. Furthermore, the report includes an evaluation of the financial overview, research and development strategies, investment outlook, business and marketing strategies, and strategic mergers and acquisitions.

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