India Building Automation and Control Systems Market to Reach USD3356.04 Million until FY2027
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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