Intelligent Building Management Systems Market in India to Expand at 28.10% CAGR from 2015-2021, Driven by Thriving Hospitality Sector

The IBMS market in India is fueled by growth of automation in the country, development of green infrastructure, booming hospitality sector, technological advancement, and economic growth. However, lack of skilled labor is projected to hamper the development of the IBMS market in India.On the basis of product, the IBMS market in India is segmented into communication systems, access controls, entertainment controls, general lighting controls, security controls, HVAC controls, outdoor controls, and others. Valued at US$291.3 mn in 2014, security controls dominated the IBMS market in India. This product segment is anticipated to maintain its leading position through 2021, fueled by surging demand for PIR sensors, CCTV cameras and others needed in the safety of the country and its people.

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In addition IBMS mainly control monitor and optimize building services, such as lighting; heating; security, CCTV and alarm systems; access control; audio-visual and entertainment systems; among other. Owing to advantages of intelligent building management systems, their usage has increased in sectors such as government buildings, corporate buildings, educational buildings, hospital buildings, airports, hotels and resorts. Moreover, The Indian economy has shown steady growth in the last decade, despite the global economic meltdown. With the growth of income levels and more than one earning members households, the Indian average disposable income is growing fast resulting in enhanced demand for goods and services. Therefore several companies are trying to leverage this opportunity by establishing new plants in this country

By geography, the India IBMS market has been segmented into South India, West India, North India and East India. In 2014, South India was estimated to be the leading market for IBMS in India. The region is expected to dominate the market throughout the forecast period. The increasing application of IBMS for the reduction of operating expenditure and energy consumption is also acting as a key driver for the growth of this market in the region. South India has been estimated to account for more than thirty percent of the overall IBMS market in India. East India is analyzed to be the fastest growing region owing to the increasing number of new manufacturers and also the growing construction sector in the region.

The IBMS market in India by product can be divided into eight types: General light controls, Communication protocols, Security controls, Access controls, HVAC controls, Entertainment controls, Outdoor controls, and others. IBMS solution enables to control the entire program in a single room. The increasing demand for smart consumer electronics, access control systems and security systems are the major driving factors of the IBMS market. Currently, the benefits associated with IBMS and its increasing installation in buildings, bridges, public recreation centers, manufacturing hubs and other places are the driving forces supporting the growth of this market in India.

The security systems sector in India can broadly be divided into four main categories: Access Control, Detector & Scanners, CCTV, and Alarm Systems. The largest among these is the CCTV segments, accounting for more than 50% of the entire electronic security equipment market in India. There has been 118% growth in demand for CCTV surveillance over the last two years for use in various locations such as IT parks, banks, malls, parks, and private places such as gated communities and residential corridors. The Indian CCTV market is witnessing enormous growth from sectors such as city surveillance, hospitality, airport security, BFSI, retail, BPO, manufacturing, college campuses, infrastructure companies, and the education sector. The government, in general, is the biggest segment in terms of volume demand of the CCTV market.

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