India Intelligent Building Management Systems Market: Savvy Companies Resort Build Products to Bolster their Positions

Some of the prominent names operating in the India intelligent building management market are Honeywell, Siemens, Schneider, Johnson Control, Cisco Systems, and ABB India. Among these, Honeywell Automation India Ltd. emerged as a winner in 2014 with maximum market share – about 25.0%. In order to improve their positions, the key companies in the market are trying to build new and better product portfolios, by expending time and money on research and development. They are primarily targeting sectors such as manufacturing, hospital, infrastructure, office, and education.

Another strategy popular with the savvy companies are acquisitions that aid in acquiring new resources and bettering competencies. This also helps them to expand their geographical footprint. Honeywell Automation India Ltd., for example, is focused on expanding its product portfolio and geographical outreach to establish a stronghold over the market. Similarly, ABB India is putting a thrust on operational expansion and product development to bolster its market position.

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A report by Transparency Market Research forecasts the India intelligent building management market to expand at a phenomenal CAGR of 28.10% from 2015 to 2021 to reach a value of US$4.348 bn in 2021 from US$0.78 bn in 2014.

Substantial Disposable Income Makes South India Market a Winner

Depending upon the types of product, the India intelligent building management market can be classified into general lighting controls, communication systems, security controls, access controls, HVAC controls, entertainment controls, and outdoor controls, among others. So far, the security controls segment has grossed maximum revenue and going forward too will continue doing so on the back of strong demand for security systems by companies wanting to bring down losses caused by equipment damage and information theft. In 2014, it accounted for 37.3% of the overall market revenue.

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From a regional standpoint, South India dominates the India intelligent building management market and is slated to maintain its leading position in the years ahead as well, accounting for 35.7% share by 2021. Bangalore, Chennai, and Hyderabad have powered the growth in the region owing to the substantial disposable incomes of the residents in the cities, concern over energy-efficiencies and operating expenditure, the solid presence of hotel and hospitality industry, and significant industrialization. In terms of growth rate, however, East India, is slated to overtake all other regions due to spiking construction and manufacturing activities in the region.

Green Building Initiatives Bolster Market in India

Majorly driving the India intelligent building management market is the increasing hospitality and green building infrastructure. The leads analyst of the TMR report elaborates further, “A green building is one which uses less water, optimizes energy efficiency, conserves natural resources, generates less waste, and provides healthier spaces for occupants, as compared to a conventional building. Therefore, various multinational manufacturers of building management systems are investing in the lucrative construction market.”

Resulting Efficiency Leads to Adoption in Intelligent Building Management Market

Additionally, consumers are now shifting to smart building infrastructures due to the increasing need for automation. The primary objective of intelligent building management systems is to enhance the occupant’s comfort, bring about seamless operation of different building systems, and lowering of energy consumption and operating costs.

One factor countering the India intelligent building management market is the dearth of skilled personal to handle the systems which are essentially complex to operate. The cost of training operators to manage complicated equipment, namely smart meters, HVAC controls, outdoor controls, security and access controls, and energy management systems is rather steep.

This review is based on the findings of a TMR report, titled “Intelligent Building Management Systems Market (Product - General Lighting Controls, Communication Systems, Security Controls, Access Controls, HVAC Controls, Entertainment Controls, and Outdoor Controls; Application – Hospiatlity, Residential, and Retail; Life Science; Office Space (IT Parks, Banks, ITES, and BPO); Centers of Education and Learning; Manufacturing; and Energy and Infrastructure) - India Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”

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