- March 18, 2014
The building automation & control systems market in India is anticipated to grow threefold in revenue terms by 2019, at a rate of 21.7% during 2014-19.
March 18, 2014 - According to TechSci Research, the Indian building automation & control systems market is anticipated to grow threefold in revenue terms by 2019, exhibiting CAGR of around 21.7% during 2014-19.
Siemens, Schneider Electric and Honeywell Automation are the leading system integrators & solution providers of building automation & control systems in India. Further, Energy Service Companies (ESCOs) are also increasing their focus on providing energy efficiency implementation solutions, including financial assistance to the buildings through funding models such as guaranteed and shared saving models.
The automation & control systems in buildings provide various benefits such as lower operating cost, conserve energy resources and lower CO2 emissions. Further, the systems facilitate in continuous energy monitoring and energy optimization of a building. India is one of the major building automation & control system markets, exhibiting double digit growth. The building automation & control systems market is largely driven by electronic security & safety segment due to increasing demand for CCTV and biometrics based security systems in the buildings. In HVAC building automation & control systems market, thermostat, zone and climate control, sensors and keypads are spurring the demand for HVAC building automation systems, while emerging carbon dioxide & combine sensors segment is projected to further boost market growth over the next five years. The lighting control building automation & control systems market in India is witnessing increasing demand for relay systems, controllable breakers, dimming systems, switching solutions, and sensors. Moreover, the cloud based energy control and automated demand response solutions are also anticipated to contribute significantly to augment growth in the India’s building automation & control systems market in coming years. “In India’s building automation & control market, north region accounts for the largest share, in revenue terms, due to aggressively growing demand from the region’s commercial segment. This region is expected to continue its dominance over the next five years, on account of rapid infrastructure development along with increasing urbanization. Also, with the emergence and adoption of green & smart building concept coupled with increasing demand for enhanced comfort by the occupants, the building automation & control systems market in India is forecast to deliver strong growth over the next five years”, said Mr. Karan Chechi, Research Director, with TechSci Research, a research based global management consulting firm. “India Building Automation & Control System Market Forecast & Opportunities, 2019” has analyzed the potential of the building automation & control systems market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry. TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in five verticals - Information Technology, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity, that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.Learn More
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