Growing government initiatives, increasing construction market, rising demand for next-generation electronic security, increased use of lighting control systems to drive India Building Automation and Control Systems Market through FY2027.
According to TechSci report on, “India Building Automation and Control
Systems Market By Industry Segment (Electronic Security
and Safety, HVAC Control Systems, Lighting
Control Systems, Building Energy Management System), By Communication
Technology (Wired and Wireless), By Application(Commercial, Industrial, Residential),
By End User( IT/ITES, Hospitality, Retail, Transportation, BFSI, Manufacturing,
Residential Complexes, Education, Utilities, Others), By Region, Competition,
Forecast & Opportunities, 2027”, India
Building Automation and Control Systems Market was valued at USD1883.89 Million
in FY2021 and is projected to grow at CAGR of around 11.08% during FY2022 –
FY2027 primarily due to the growth in the infrastructure development activities.
The growth of the India Building Automation and Control Systems Market is
mainly due to the growing construction sector and urbanization in India.
Moreover, Rising Demand for Electronic Security is further bolstering the
growth of India Building Automation and Control Systems Market.
In
terms of Industry segment, the India
Building Automation and Control Systems Market is
categorized into Electronic Security and Safety, HVAC Control Systems, Lighting
Control Systems, and Building Energy Management System. Among these, the Lighting
Control Systems category accounted for majority in the India Building
Automation and Control Systems Market in 2021 and it is anticipated to remain
as the largest category throughout the forecast period as well. The growth of
the category is majorly attributed to the fact that this system maximize energy
savings, satisfies building codes, provides safety & security, or comply
with green building and energy conservation programs. Also, this system provides
the desired amount of light where and when it is needed.
Browse over 32 market data Figures and 10 data Tables spread
through 106 Pages and an
in-depth TOC on" India Building Automation
and Control Systems Market "
Based on the Communication Technology of India Building Automation and Control
Systems Market the market can
be segmented into Wired and Wireless and will be dominated by the wired sector
because of its low cost and comparatively lesser maintenance charges.
Based on Wired Communication Technology can be segmented into
Digital Addressable Lighting Interface (DALI), KONNEX (KNX), Building
Automation and Control Network (BACNET), LonWorks, and Modbus. The market will
see anticipated growth in Building Automation and Control Network (BACNET) as
this type of wired communication technology is specifically designed to allow
communication of building automation and control systems for applications such
as heating, ventilating, and air-conditioning control (HVAC), lighting control,
access control, and fire detection systems and their associated equipment.
Based on Wireless Communication Technology, the market can be
segmented into Zigbee, EnOcean, Wi-Fi, Bluetooth, and others. The market will
see predicted growth in EnOcean segment as this type of Wireless Communication
technology is specifically designed to allow communication of building
automation and control systems for applications such as heating, ventilating,
and air-conditioning control (HVAC), lighting control, access control, and fire
detection systems and their associated equipment.
Based on Application the India Building and Automation
Control System Market can be segmented into Commercial, Industrial and
Residential Sectors. The residential segment is expected to lead the market as Building
Automation allows shifting from conventional homes to smart homes which
includes cohesive security, improved lighting control systems and better energy
management which results in abridged costs related to HVAC and lighting and
conserves energy. Moreover, favourable government policies
and initiatives such as Housing for All, Smart City Mission, and National Urban
Housing Fund is another factor which is further propelling the demand for
Building Automation & Control Systems in the residential segment.
Based on Region, the India Building and Automation Control
System Market can be segmented into North, South, East and West. The south
region in estimated to dominate the market owing to the to the surging
investment in the real estate sector and increasing urbanisation in the region.
Moreover, increasing awareness of green buildings is expected to drive the
market in the region.
Honeywell Automation India Limited, Siemens Limited, Schneider
Electric India Pvt. Ltd., Johnson Controls India, ABB India Ltd., Beckhoff
Automation Pvt. Ltd., Carel ACR Systems India Pvt. Ltd., Carrier
Airconditioning & Refrigeration Ltd., Crestron Electronics India Pvt. Ltd.,
L&T Electrical and Automation Ltd. and others are some of
the leading players operating in India Building and Automation Control System
Market. The companies operating in the market are using organic strategies such
as product launches, mergers and collaborations to boost their share.
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“India
Building and Automation Control System Market is
anticipated to grow at a steady pace during the forecast period. However, the
market will see downfall due to the COVID-19 pandemic all over the country but
the factors like Rising Demand for Electronic Security and urbanization, Growing
Awareness About Energy Conservation in India among others are anticipated to
propel demand for Building Automation and Control Systems across the country
over the next five years.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“India
Building Automation and Control Systems Market By Industry Segment (Electronic
Security and Safety, HVAC Control Systems,
Lighting Control Systems, Building Energy Management System), By
Communication Technology (Wired and Wireless), By Application(Commercial,
Industrial, Residential), By End User( IT/ITES, Hospitality, Retail,
Transportation, BFSI, Manufacturing, Residential Complexes, Education,
Utilities, Others), By Region, Competition, Forecast & Opportunities, 2027”
has evaluated the future growth potential of India Building Automation and
Control Systems Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in India Building
Automation and Control Systems Market
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