India Building Automation & Control Systems Market to Grow at 18% till 2021
Need
for energy efficient buildings, growing infrastructure-based developments and
increasing security concerns to drive India building automation & control
systems market through 2021
According to a recently released
TechSci Research report, “India Building Automation & Control
Systems (BACS) Market, By Segment, By Sales Channel, Competition
Forecast & Opportunities, 2011 – 2021”, the BACS market in India
is anticipated to grow at a CAGR of over 18% during 2016 – 2021. Growth in the market is anticipated on account of increasing infrastructure-based
developments, favorable government regulations & building codes, growing
awareness about energy conservation and cost minimization.
Browse 29
market data Tables and 30 Figures spread through 130 Pages and an
in-depth TOC on "India
Building Automation & Control Systems (BACS) Market"
https://www.techsciresearch.com/report/india-building-automation-control-systems-bacs-market-by-segment-electronic-security-safety-hvac-lighting-systems-energy-management-systems-ems-by-sales-channel-indirect-vs-direct-competition-forecast-opportunities/871.html
The Paris Agreement 2015
(agreement within the United Nations Framework Convention on Climate Change
(UNFCCC) dealing with greenhouse gases emissions mitigation, adaptation and
finance starting in 2020) has been signed by 193 UNFCCC members, including
China, United States and India, which are the three largest CO2
emitting countries. Globally, countries are putting in efforts to limit the
temperature increase to 1.5°C above pre-industrial levels, thus making building
automation & control systems the crucial step to curb greenhouse gas
emissions.
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“With the change of
government in 2014, the infrastructure-based developments in the country are
taking place at a robust pace, and the Indian government is introducing
projects related to energy efficiency. Governments ambitious Make in India
program, in addition to 6 industrial corridors and opening up of FDI via
automatic route in key sectors like defense, automotive, pharmaceutical, etc.
will ensure enough developments during forecast period. The new terminal at the
Chandigarh International Airport in Mohali is the first airport in the country
that is ‘totally green’, with a 4 star GRIHA rating. All these developments in
the country are expected to drive the country’s building automation & control
systems market 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 Systems (BACS) Market, By Segment, By Sales Channel, Competition
Forecast & Opportunities, 2011 – 2021” has
evaluated the future growth potential of building automation & control
systems market in India, and provides statistics and information on market
structure, size, share and future growth. The report is intended to provide cutting-edge
market intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in India building
automation & control systems market.
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serving clients across 11 different industrial verticals. TechSci Research
specializes in research based consulting assignments in high growth and
emerging markets, leading technologies and niche applications. Our workforce of
more than 100 fulltime Analysts and Consultants employing innovative research
solutions and tracking global and country specific high growth markets helps
TechSci clients to lead rather than follow market trends.
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